
Published On: Jan 2023
Published On: Jan 2023
At 7.3% CAGR, the North America Dental Radiography Equipment Market is projected to be worth US$ 1,709.66 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America dental radiography equipment market was valued at US$ 1,119.02 million in 2022 and is expected to reach US$ 1,709.66 million by 2028, registering a CAGR of 7.3% from 2022 to 2028. The rising prevalence of oral cancer and growing number of dental practices and rising expenditure on dental healthcare the critical factors attributed to the North America dental radiography equipment market expansion.
According to American Dental Association, as of 2021, there are 201,927 professionally active dentists in the US. There are 60.84 dentists per 100,000 people in the country. Further, spending on dental services has surged in the last few years. According to a study published by the Office of the Actuary at the US Centers for Medicare and Medicaid Services on March 2022, annual spending on dental care in the US is expected to increase over the next few years, reaching US$230 billion by 2030. Thus, with the rising number of dental practices performed, the adoption of dental radiography equipment is also increasing, thereby driving the North America dental radiography equipment market.
On the contrary, high cost of radiography equipment hurdles the growth of North America dental radiography equipment market.
Based on product, the market is sub segmented into intraoral X-ray system, extraoral X-ray system, intraoral plate scanners, and cone-beam computed tomography imaging. The intraoral X-ray system held 40.3% of the North America dental radiography equipment market share in 2022, amassing US$ 451.43 million. It is projected to garner US$ 673.23 million by 2028 to expand at 6.9% CAGR during 2022–2028.
Based on end user, the North America dental radiography equipment market is segmented into dental clinics, hospitals, ambulatory surgical centers, and others. With 50.1% share of the domain, hospitals segment dominated the North America dental radiography equipment market in 2022. It accrued US$ 560.57 million in 2022 and is estimated to generate US$ 855.41 million by 2028 to grow at a CAGR of 7.3% over the forecast period.
Based on country, the North America dental radiography equipment market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 84.8% of the North America dental radiography equipment market share in 2022. It was assessed at US$ 948.60 million in 2022 and is likely to hit US$ 1,437.99 million by 2028, exhibiting a CAGR of 7.2% during the forecast period.
Key players dominating the North America dental radiography equipment market are Acteon Group; Carestream Dental LLC; Dentsply Sirona Inc.; Envista Holdings Corporation; General Electric Co; Koninklijke Philips NV; Planmeca; Siemens Healthcare GmbH; and Vatech Co., Ltd, among others.
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