India Cone-Beam Computed Tomography (CBCT) Systems Market is expected to reach USD 149.39 million by 2030
The increasing adoption of advanced technology in hospitals in India are driving up demand for the India Cone-Beam Computed Tomography (CBCT) Systems market during the forecast period.
India Cone-Beam Computed Tomography (CBCT) Systems Market was valued at USD 42.27 million in 2022, and is predicted to reach USD 149.39 million by 2030, with a CAGR of 16.08% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
The increasing integration of advanced technology within healthcare institutions to deliver precise and accurate results is driving the expansion of CBCT systems in hospitals. An illustrative example is the installation of a Cone Beam Computer Tomography (CBCT) unit based on Morphology Recognition Technology (MRT) at a dental care center in Uttarakhand, India, in August 2020. This machine utilizes minimal radiation and offers a 3-D view of the jaw and sinus, highlighting the trend towards sophisticated technology adoption in medical settings.
Moreover, the increasing application of CBCT in the diagnosis of lung cancer has yielded encouraging results by improving early detection rates, refining treatment planning, and enabling more accurate interventions. For example, in April 2022, Yashoda Hospital became the first hospital in the country to introduce Cone Beam CT Guided Lung biopsy, a state-of-the-art technology that assists pulmonologists in diagnosing lung cancer at very early stages, facilitating timely surgical resection for patients.
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 India 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 India Cone-Beam Computed Tomography (CBCT) Systems Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the India 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 India Cone-Beam Computed Tomography (CBCT) Systems market is provided in the report along with their competitive analysis.