Market Trends of Global Cone Beam Computed Tomography Industry
This section covers the major market trends shaping the Cone Beam Computed Tomography Market according to our research experts:
Periodontal Applications is Expected to Dominate the Cone Beam Computed Tomography (CBCT) Market During the Forecast Period
Factors such as increasing oral disease coupled with research studies and initiatives by key market players are expected to increase the market growth. Malocclusion, along with periodontal disease and cavities, is regarded as one of the most important dental health issues, according to a report from the Dentistry Journal from October 2021. Additionally, between 39% and 93% of children and adolescents are thought to have a malocclusion. Therefore, the prevalence of malocclusion among the population is projected to rise, which will drive the demand for invisible orthodontics and propel the market's expansion. In May 2021, an article titled "Prevalence of Malocclusion and its Relationship with Socio-demographic Factors, Dental Caries, and Oral Hygiene Status in Children (12-15 years) of Lucknow City" was published in the Journal of Clinical and Diagnostic Research. This study found that the prevalence rate of malocclusion in the population was 23.1%. Similarly, initiatives such as the launching of new dental labs are another factor in market growth. For instance, in August 2021, Equicapita Income Trust and BMO Capital Partners launched a Canadian Dental Laboratories Limited Partnership in conjunction with the acquisition of the Protec Group of Dental Laboratories. In August 2020, Health Minister KK Shailaja inaugurated the first dental laboratory in the public sector in Pulayanarkotta. The introduction of this lab is expected to eliminate the dependency on private institutions for making artificial teeth. Thus, the abovementioned factors are expected to increase market growth.
North America is Found to be the Largest Segment of the Cone Beam Computed Tomography (CBCT) Market
North America is found to hold the major market share over the forecast period owing to the factors such as increasing adoption of these CBCT systems, advanced technology, developed healthcare facilities coupled with high disposable income, and well-established healthcare facilities. The availability of new technology along with a huge patient population base is the main factor behind the dominance of the North America cone-beam computed tomography market. More than 5 million United States seniors aged 65 to 74 had total tooth loss, with approximately 3 million being edentulous, according to the American Dental Association 2020. On the other hand, tooth loss primarily affects older people. This is because 91% of adults between the ages of 20 and 64 have dental caries, with a startling 27% not receiving treatment. Additionally, tooth decay is frequently a factor in tooth loss. Teeth progressively get loose and fall out as a result. Since dental problems are a frequent cause in the geriatric population, there is a high need for geriatric dental procedures, which is projected to increase in the market. Americans are traveling to Mexico for dental care, according to a June 2020 International Travel Medical Journals article with the heading "Americans are driving to Mexico for dental treatment." Mexican dental facilities were among the first in the globe to reopen and accept patients. The article also stated that Dental Departures, a worldwide dental online travel firm, reported higher appointment bookings for four consecutive weeks in addition to a 60% rise in traffic. The market is expanding due to the rise in dental tourism. Thus, the abovementioned factors are expected to increase market growth.
