The size of the Digital Dental X-ray Market in Latin America is worth USD 0.13 billion in 2022 and is estimated to grow at a CAGR of 7.7%, to reach USD 0.19 billion by 2027.
The market for dental digital X-rays in Latin America has seen a significant increase in the recent past. Consumer knowledge of oral health and the many preventable periodontal diseases have aided the market's growth. The market is further expected to rise significantly over time as periodontitis and dental caries in Latin America increase. In addition, the rising popularity of dental radiography for the treatment of various oral diseases, extensive technological advancements in imaging modalities, and several other key demographic factors, such as the presence of a large geriatric and pediatric population susceptible to dental impairments, are all expected to drive this market forward.
Apart from that, the market is predicted to gain from the continuous growth in the cosmetic dentistry market and the growing need for oral disease diagnostic processes and equipment over the next few years. Furthermore, due to technical developments in analog x-rays, the Latin American dental digital x-ray market is expected to rise rapidly throughout the forecast period. Moreover, factors expected to drive the Latin America dental digital x-ray market include an increase in dental disorders as well as the senior population, ease of use of the equipment, Faster outcomes, a growing desire for cosmetic dentistry, and an increase in the use of dental implants, orthodontics, and prostheses are all factors to consider.
Digital X-ray equipment is more expensive and needs significant upfront investments, which raises the procedure cost for patients. This has an impact on the rate at which new systems are adopted, particularly in developing nations. Because their budgets are limited, most small and medium-sized hospitals cannot afford these systems. Because of the high cost of digital X-ray systems, end users are more likely to purchase reconditioned systems, which directly impacts new and advanced system sales. This, combined with ongoing reimbursement cuts for diagnostic imaging scans, discourages imaging centers from investing in technologically sophisticated diagnostic imaging modalities, limiting the overall market's growth. Due to budget constraints, high equipment prices, and low reimbursement rates, many hospitals in poorer nations cannot invest in digital X-ray systems.
This research report on the Latin America digital dental x-ray market has been segmented and sub-segmented into the following categories:
During the forecast period, the digital dental x-ray market in Latin America is projected to have a moderate share in the worldwide market. The expanding senior population in Latin America, particularly in Mexico and Brazil, is driving growth in the digital X-ray market and, in addition, increasing disposable incomes, allowing innovative technology to be more affordable. The increasing prevalence of target diseases, as well as positive government measures. Such aspects contribute to the growth of the digital imaging systems market in this region and attract foreign investment and partnerships.
Due to the high demand for digital imaging processes in Latin America, some hospitals in Mexico and Brazil that cannot afford to invest in new imaging systems go for refurbished systems. Refurbished systems are frequently less expensive than new ones. The rising demand for refurbished gadgets, on the other hand, presents a significance for industry players, particularly small producers. Industry participants must either drop their pricing or develop better or more advanced technologies to increase their market position and build a solid user base for their imaging systems.
KEY MARKET PLAYERS:
Companies playing a prominent role in the Latin American digital dental x-ray market profiled in this report are Danaher Corporation (U.S.), Carestream Health Inc.(Canada), Sirona Denal Systems, Inc. (U.S.), Planmeca Oy(Finland), Dentsply International, Inc. (U.S.) Midmark Corporation (U.S.), LED Medical Diagnostic, Inc. (U.S.), Vatech Co. Ltd. (Republic of Korea), The Yoshida Dental Mfg. Co., Ltd. (Japan) and Flow Dental Corporation (U.S.).
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