The global dental imaging market will increase at a compound annual growth rate (CAGR) of 6.8% from 2016 to 2024, according to Research and Markets. In particular, standalone intraoral scanners will see a 13.9% CAGR from 2015 to 2022, the market research company said.
Research and Markets expects the demand for dental imaging gear to increase due to the rising numbers of cosmetic dental surgeries and dental procedures including endodontics and prosthodontics. Increased disposable incomes and greater awareness of dental hygiene in Europe and the Asia-Pacific region will especially drive this growth.
Standalone intraoral scanners, meanwhile, represent a nascent yet aggressive market that’s driven by innovation. These small and lightweight devices are now easy to use without any processing frameworks necessary, encouraging growth. Some manufacturers also now offer lease installment alternatives, easing acquisition.
In turn, Research and Markets predicts that the overall cosmetic dentistry market will total $27.95 billion by 2024 as more patients opt for aesthetic procedures, resulting in the development of even more advanced technologies. Developing countries with newly disposable income and aging populations alike are paying more attention to oral health, too, further propelling the market.
However, cosmetic dentistry’s growth will be somewhat inhibited by the lack of reimbursement options for cosmetic procedures and by the costs of dental imaging. Insurance companies and government agencies do not see cosmetic dentistry as essential, limiting coverage. Plus, imaging equipment requires significant investment costs that also may not be covered by insurance companies.