With the presence of a large pool of participants, the global cone beam computed tomography market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Danaher Corporation, Sirona Dental Systems, Prexion Inc., Cefla Group, and VATECH Global Company Limited are some of the key vendors of cone beam computed tomography (CBCT) across the world. These players across cone beam computed tomography market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the cone beam computed tomography market study.
In a key event witnessed across the cone beam computed tomography market , in February 2018, Planmed Oy, a Finland-based firm designing & manufacturing imaging systems, unleashed an enhanced version of its Planmed Verity® CBCT scanner, a sole 3D imaging system for orthopedic and neck & head imaging as well as new dental applications.
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Government Support And Rise In R&D Activities To Impel Market Growth
“Benefits offered by CBCT such as improved resolution, low radiation dose, minimized scan time, and lower costs for patients over traditional form of computed tomography is anticipated to elevate the cone beam computed tomography market demand,” says the author of this study. Apart from this, government initiatives for promoting the use of CBCT and increase in R&D activities in countries such as the UK and the US. will further stimulate the growth of cone beam computed tomography market in the years ahead.
In addition, expanding Pharma & Biotech sectors are projected to contribute noticeably towards the market revenue over the years to come. Aging population along with rising prevalence of chronic ailments are few of the key growth drivers of cone beam computed tomography market.
Escalating costs of advanced imaging systems and negligible compensation for dental treatment, however, are likely to restrict the cone beam computed tomography market growth over the coming years. Nevertheless, extensive application of cone beam computed tomography in oral surgery, endodontics, general dental surgery, orthodontics, orthopedics, and dental implant is likely to enhance the scope of the business in the near future, thereby normalizing the impact of hindrances on the cone beam computed tomography market, reports the study.
Access To Advanced Technology To Assist North America Maintain Dominance
Regionally, North America has been leading the worldwide cone beam computed tomography market and is anticipated to continue on the dominant position in the years to come, states the cone beam computed tomography market study. The availability of new technology along with huge patient population base is the main factor behind the dominance of the North America cone beam computed tomography market. For the record, North America contributed over 40% towards global cone beam computed tomography market share in 2015.
The global cone beam computed tomography market is segmented as follows:
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