LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global dental imaging market report. This research report also lists 20 other prominent vendors that are expected to impact the market during the forecast period.
The global dental imaging market is expected to grow at a CAGR of 8.28%. The high demand for diagnosing dental disorders such as periodontal diseases, dental caries, and jaw tumors, and oral cancer increases the demand for dental imaging techniques.
Competitive vendor landscape
The global dental imaging market is dominated by tier-I players that have strong positions compared to tier-II/III vendors. However, the competition between large (Tier-I), medium (Tier-II), and small (Tier-III) companies is gradually increasing, and large players are losing their shares to emerging players.
“The advances in technology and product upgrades will increase the competition among vendors. The market is dominated by key players such as Dentsply Sirona and Carestream Health,” says Barath Palada, a lead medical imaging research analyst from Technavio.
Established and emerging companies are increasingly focusing on launching advanced products to expand their market share. For instance, in April 2015, LED Dental launched a new cloud-based imaging solution called LED Imaging Cloud. This new system combines LED Imaging Software with the convenience and security of cloud technology to give dentists real-time, remote access to clinical data or the patient database.
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Top five dental imaging market vendors
The company offers various digital imaging technologies such as conventional X-ray imaging, CBCT, and intraoral scanners. Carestream Dental is a subsidiary of Carestream Health that develops CS 9000 3D extraoral imaging system and CS 9300 CBCT dental imaging system.
Danaher is one of the leading companies that has increased its market share through M&As. The company designs, manufactures, and sells professional, industrial, medical, and commercial products and services. It has R&D, manufacturing, distribution, sales, service, and administrative facilities in over 50 countries. In addition to dental imaging systems, it also develops products that are used for the diagnosis, treatment, and prevention of diseases; disorders of teeth, gums and supporting bone, and help in improving the human smile. Its key dental brands are Dexxis, Gendex, Instrumentarium Dental, KaVo, kerr, Ormco, Pelton & Crane, and SOREDEX.
Dentsply Sirona is a dental technology manufacturing company. It develops, manufactures, and markets solutions for dentists worldwide. It partners with dental practices, dental laboratories, clinics, and authorized distributors. It has also generated a revenue of USD 1.16 billion for the FY2015. It also invested USD 54.8 million in R&D programs. The company offers advanced dental imaging modalities such as ORTHOPHOS XG 3D and GALILEOS ComfortPLUS in the market.
Midmark is a market leader in providing dental, medical, and veterinary equipment solutions to healthcare industries worldwide. Midmark's operations can be divided into three segments: medical, dental, and animal health. The company offers dental chairs, dental operatory, diagnostic products, delivery systems, and digital X-ray systems. The company has subsidiaries in France, Italy, India, and the US.
Planmeca develops and manufactures digital dental imaging modalities such as 2D and 3D imaging devices. It offers Planmeca ProMax 3D, Planmeca ProMax 3D Plus, Planmeca ProMax 3D Mid, Planmeca ProMax 3D Max CBCT equipment, and Planmeca ProFace that provides 3D facial photo option. The company started as a small-scale business that manufactured dental tools and instrument cabinets and it has now evolved to be one of the leading companies in the global dental industry. The company generated a revenue of USD 816.64 million for FY 2015.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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