ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research, in its latest report, states that the digital impression standalone scanners market is poised to chart a CAGR of 17.1% from 2014 through 2020. The report, titled “Digital Impression Standalone Scanners Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” estimates that the market will hit US$178.9 million by 2020, from its 2013 value of US$54.4 million.
According to the findings of the report, Europe ranked as the single largest contributor to this market (39.3%) as of 2013 given the high rate of adoption of digital impression standalone scanners here, especially in Italy and Germany.
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However, the fastest growth in the digital impression standalone scanners market, over the forecast period, will be seen in the Asia Pacific region. This region is projected to grow at a CAGR of 20.1% from 2014 through 2020.
Within Asia Pacific, Japan ranks as the most dominant contributor to the growth of the digital impression standalone scanners market, largely due to the higher awareness about patient comfort and dental care that prevails here. Other key Asia Pacific economies such as China, South Korea and India are expected to contribute significantly to the growth of this market over the forecast period, especially as prices of digital impression standalone scanners continue to decline.
The report studies two key technologies within this market: Optical wand technology and confocal microscopic imaging technology. The former dominated the digital impression standalone scanners market with a 60.3% revenue share of the global market in 2013.
From the competitive standpoint, nearly 72.5% of the digital impression standalone scanners market (by revenue) is dominated by companies such as 3Shape A/S, Sirona Dentals Systems, Inc., Align Technology, Inc. and 3M ESPE.
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