by The Dental Cameras Market is estimated to be valued at US$ 2,341.7 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Dental cameras are primarily used for capturing dental images and intraoral scanning. Advanced dental cameras provide high-resolution images for proper dental diagnosis and treatment planning. They aid in detecting dental problems such as cavities, dental infections, and oral cancers. Dental cameras with imaging software help dentists to monitor oral health and evaluate the progress of various dental treatments over time.
Market key trends:
One of the key trends driving the growth of the dental cameras market is the increasing demand for advanced dental imaging systems. Advanced dental cameras provide excellent visualization and precision during various dental procedures like endodontics, orthodontics, oral surgeries, and implantology. They give clear images of tooth structure, supporting tissues, implants, and pathology. This helps dentists to accurately diagnose, plan the treatment, and evaluate the outcomes. Moreover, advanced dental cameras come integrated with imaging software that allows storing, managing, and sharing patient’s dental images digitally. Digitization of dental records using cameras improves patient care and practice management for dentists. Integration of technologies like intraoral scanning, artificial intelligence, and 3D imaging is further expected to support the demand for advanced dental cameras during the forecast period.
Porter’s Analysis
Threat of new entrants: The dental cameras market requires high initial investment for R&D, manufacturing, brand building etc. which creates entry barriers for new players. Bargaining power of buyers: Buyers have moderate bargaining power as there exist multiple dental camera manufacturers. However, switching costs for buyers are low. Bargaining power of suppliers: Suppliers have low to moderate bargaining power as there exist many components suppliers for dental cameras. Threat of new substitutes: There exists limited threat from substitutes like X-Ray machines, however, dental cameras provide high-resolution images without radiation exposure. Competitive rivalry: The market is dominated by few global players and rivalry among them is high based on product differentiation, quality and pricing.
SWOT Analysis
Strength: Dental cameras provide easy to use digital dental imaging solution and help in better diagnosis and documentation. This increases productivity and efficiency of dental procedures.
Weakness: High costs associated with premium dental cameras limits their adoption in cost sensitive regions and smaller dental clinics. Lack of training to use advanced features is another challenge.
Opportunity: Growing dental tourism along with rising dental expenditure in developing nations offer major growth opportunities. Technological advancements in imaging sensors, portability and wireless features will further support demand.
Threats: Economic slowdowns impacting discretionary healthcare spend is a macroeconomic threat. Stringent regulatory approvals and certification delays can affect new product launches.
Key Takeaways
The Global Dental Cameras Market Demand size was valued at US$ 2,341.7 Mn in 2023 and is expected to witness high growth, exhibiting CAGR of 8.8% over the forecast period, due to increasing prevalence of dental diseases, availability of dental insurance and growing medical tourism. The North American region dominated the dental cameras market in 2023 with over 35% revenue share owing to presence of advanced healthcare infrastructure and reimbursement policies in countries like United States and Canada. Key players operating in the dental cameras market are Envista Holdings Corporation, Planmeca Oy, Acteon Group, DENTSPLY Sirona, Carestream Dental, VATECH Co. Ltd., Owandy Radiology, Durr Dental SE, Midmark Corporation, Genoray Co. Ltd., Asahi Roentgen Co. Ltd., 3Shape, PreXion Inc., Cefla Medical Equipment, Apteryx Imaging (Canada), Yoshida Dental Mfg. Co. Ltd, and Align Technology Inc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
