China Cone-Beam Computed Tomography (CBCT) Systems Market is expected to reach USD 756.16 million by 2030
The prominent industry players and government initiatives in China are driving up demand for the China Cone-Beam Computed Tomography (CBCT) Systems market during the forecast period.
China Cone-Beam Computed Tomography (CBCT) Systems Market was valued at USD 314.68 million in 2022, and is predicted to reach USD 756.16 million by 2030, with a CAGR of 10.67% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The expansion of the CBCT market is propelled by the participation of key industry players such as Hefei Meyer Optoelectronic Technology Inc and LargeV Instrument Corp. These companies are strategically improving healthcare facilities and advancing diagnostic capabilities within the country, consequently playing a pivotal role in driving the growth of the CBCT market.
For instance, in October 2022, LargeV Instrument Corp. Ltd. launched their innovative Ultra3D dual-source ENT CBCT system, an advanced medical imaging device, which received approval from the National Medical Products Administration (NMPA) in China. The new innovative medical devices can be used for X-ray inspections in ENT, stomatology, and maxillofacial surgery applications.
However, the significant cost linked to the acquisition of Cone Beam Computed Tomography (CBCT) machines can act as a significant barrier to the growth of the CBCT market. The initial investment needed to acquire CBCT machines can be a deterrent, especially for healthcare facilities such as smaller clinics or practices with limited budgets. This elevated expense includes not just the purchase of the machine itself but also factors in costs associated with installation, maintenance, and training.
The financial challenges related to CBCT machines can impede their adoption, particularly in regions with limited resources or within healthcare environments where budget constraints are significant. This can lead to constraints on the availability and accessibility of CBCT technology, thereby hindering its widespread integration across various healthcare facilities.
On the other hand, the integration of Artificial Intelligence (AI) in CBCT software has the potential to revolutionize the field of imaging and significantly enhance the capabilities of CBCT technology. With AI algorithms, CBCT software can analyze and interpret images with greater precision and efficiency. These algorithms can be trained to automatically detect and segment anatomical structures, lesions, and abnormalities, providing valuable insights to clinicians. By automating these tasks, AI integration can save time and improve diagnostic accuracy, ultimately leading to more effective treatment planning.
Additionally, AI-powered CBCT software can simulate and visualize treatment outcomes, enabling clinicians to better plan and communicate treatment options with patients. Whether it's virtual implant placement, orthodontic treatment simulations, or surgical planning, the integration of AI in CBCT software offers new possibilities for personalized and optimized patient care. It holds the promise of streamlining workflows, reducing manual labor, and enhancing the overall efficiency and precision of CBCT imaging in various medical and dental applications.
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According to the report, leading players in the China Cone-Beam Computed Tomography (CBCT) Systems market include Dentsply Sirona, Koninklijke Philips N.V., Vatech Co., Ltd, Envista Holdings, Planmeca OY, J. Morita Mfg. Corp., Cefla S.C., Hefei Meyer Optoelectronic Technology INC, Xoran Technologies LLC, Acteon Group, Hitachi Ltd., Genoray Co Ltd, Asahi RoEntgen Ind. Co. Ltd., OSSTEM IMPLANT CO., LTD., Largev Instrument Corp. Ltd., Carestream Dental LLC, Curvebeam AI, and HDXWILL.
Key Insights from the China Cone-Beam Computed Tomography (CBCT) Systems Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the China Cone-Beam Computed Tomography (CBCT) Systems market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the China Cone-Beam Computed Tomography (CBCT) Systems market is provided in the report along with their competitive analysis.