On the basis of geographical analysis, the global digital intraoral sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high prevalence of oral diseases, including oral cancer in countries, such as, the United States, and Canada. According to the American Cancer Society, about 54,010 new cases of oral cavity cancer were reported in 2021 itself, with over 10,850 deaths caused by oral cancer. This is one of the prominent growth drivers for the market in the region. Moreover, the high number of dentists present in the United States is estimated to further boost the market growth. The United States has more than 6o dentists per 100,000 people, presently. Furthermore, the fast adoption of advanced technology in the healthcare sector in developed countries is also estimated to be a major growth driver for the market.
The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of high cases of oral cancer and other diseases in the region. India, Pakistan, Bangladesh, and China are amongst the top 5 countries with the highest rate of oral cancer, owing to the high consumption of tobacco in the region. Moreover, improving healthcare sector in the developing countries is estimated to fuel the market growth in the upcoming years.
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The global digital intraoral sensors market is further classified on the basis of region as follows:
According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.
Our in-depth analysis of the global digital intraoral sensors market includes the following segments:
By Sensor Type
August, 2021: Dentsply Sirona has launched the versatile 3D/2D extraoral imaging solution ‘Axeos’ which provides sharp images with the lowest possible dose.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The growing prevalence of oral diseases, and increasing number of dental clinics are estimated to boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.
Ans: Extremely high cost of digital sensors is estimated to hamper the market growth.
Ans: The market in the North America region is estimated to provide most growth opportunities over the forecast period owing to the high number of dentists in the region.
Ans: The major players in the market are Danaher Corporation, Midmark Corporation, Acteon Group, Ray Medical, Dentsply Sirona, FONA Dental, Suni Medical Imaging, Inc., DÜRR DENTAL SE, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, sensor type, application, end-user, and by region.
Ans: The dental clinics segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities owing to the growing number of dental clinics.