Extraoral Radiology Equipment Market Size, Share, Growth, and Industry Analysis, by Type (Panoramic, CBCT), by Application (Hospital, Dental Clinic), and Regional Forecast To 2031

Updated On: 22 April 2024

Extraoral Radiology Equipment Market Report Overview

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The global extraoral radiology equipment market size was 1880.5 million in 2022. As per our research, the market is expected to reach USD 3281 million in 2031, exhibiting a CAGR of 6.4 % during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with extraoral radiology equipment market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Extraoral radiology equipment mainly refers to extraoral x-ray units, shows teeth, but their main focus is the jaw and skull. It is an examination made of the head and facial region using films located outside the mouth. Rising dental tourism and increasing demand for cosmetic industry are the key factors motivating the growth of the extraoral radiology equipment. Panoramic in extraoral radiology equipment is a radiographic imaging technique used to capture a single panoramic image of the entire jaw and related structures. This technique uses a single x-ray source and a single sensor to create the image. This technique is commonly used in dental radiology to analyse and plan dealings for dental and facial problems. CBCT is a diagnostic imaging technique that creates a 3D image of the breast. It helps radiologists to estimate complex cases such as tumours, cysts, and injuries with superior accuracy and precision.  They can also attain more comprehensive information about the size, shape, and extent of the lesion. This performance is useful for noticing cancers that are difficult to see on a regular mammogram. The increase in demand for the equipment possessing to its features such as controlled radiation exposure well-supported tube housing association, beam-on indicators and x-ray beam placement influence the market. The high adoption rate by dentists and dental specialists possessing to its accuracy, speed and ability to service abundant imaging techniques quicken the market growth. CBCT imaging equipment have paced in as a relatively new medical imaging technique that offers 3D images. Pictures are operated for the conclusion of oral issues such as tooth rot, depressions. Hospitals, dentistry clinics, and diagnostic amenities all work this equipment. The market will continue to be ambitious by technological improvements in medical imaging targeted at providing enhanced oral care and rising cases of periodontal disorders. The technique is a simple method that allows the clinician to capture a suitable image for patients. Surging demand for dental implants will create opportunities for extraoral radiology equipment sales. Extraoral radiology equipment is widely used in hospitals, dental clinics, and diagnostic centres. Henceforth, the popularity of the equipment is rushing rapidly. Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Extraoral Radiology Equipment Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Panoramic, CBCT.

Panoramic capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into Hospital, Dental Clinic.

Extraoral radiology equipment market players cover segment as Hospital will dominate the market share during forecast period.

Driving Factors

"Increasing incidence of dental disorders to boost the market growth"

The growing occurrence of dental disorders, technical enhancements in dental imaging, and rising demand for aesthetic dentistry are the key factors forcing growth in the extraoral radiology equipment market. An increasing elderly inhabitants and an increase in the number of patients experiencing dental surgery are likely to show evident growth. 

"Technological advancement and development to upsurge the market."

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the extraoral radiology equipment market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factors

"High cost of maintenance to hamper the market growth"

High cost is hampering development of extraoral radiology equipment market. Investment cost required for the industry is not affordable for all companies. High initial cost, complex procedure and upkeep condition are involved in the restraining factors. Technical difficulties will reduce the industry revenue.

Extraoral Radiology Equipment Market Regional Insights

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"Asia Pacific to dominate the region due to rising demand for imaging technology."

Asia Pacific is further expected to witness growth in the extraoral radiology equipment market share. The region is dominating the market due to increased emphasis on dental care and the rising demand for various imaging technologies. Improved economic situation, which is likely to increase the likelihood of receiving high-quality medical treatment. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Envista Holdings (U.S.)
• Dentsply Sirona (U.S.)
• Vatech (South Korea)
• Planmeca (Finland)
• Carestream Dental (U.S.)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.