Global Dental Intraoral X-Ray Sensors Market Is Valued At USD 124.4 Million In 2017
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Global giant manufactures mainly distributed in U.S., E.U. and Korea, The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturer such as Danaher has relative higher level of product’s quality. As to E.U., Sirona Industries has become as a global leader. In Korea, Vatech leads the technology development. Most of Chinese manufactures locate in Shenzhen and Shanghai province.
The key consumption markets locate at developed countries. The EU takes the market share of 33.8%, followed by United States with 36.9% in 2015. China’s consumption market has a quicker growing speed.
We tend to believe this industry is still in a fast growing stage, and the consumption increasing rate will still maintain a relatively high level.
USA and EU market is relatively mature, many of them has own chips and software technologies, Japan company put more energy on chips areas. China market is only several years’ old, now there are only one producers in China, ie. Handy.
In the international market, the marketing channels characteristic differ from company to company. But there is no doubt that the marketing channels are very important to each manufacturer in this industry.
The giant companies are more likely to set their own big agents in some major countries and regions taking charge of regional business building their international market position.
As to developing market, they do not have that much international brand influence, their product quality is not good enough when comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.
In this market, there still has a distinct feature that the import and export rate of this industry is relatively high due to the unbalance share of output and consumption market.
The market is not only influenced by the price, but also influenced by the product performance. Although developing countries like China domestic companies have price advantage, the application is narrow to some extent due to the poor manufacture processing, cheap raw material and less diversity of products.
The leading companies own the advantages on more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, the downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as Middle East and North America, the developed areas’ company prefers investing to underdevelopment regions these years.
With the global economic recovery, more and more people pay attention to rising health standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of dental intraoral X-ray sensors will increase.
Looking into the future, the global Dental Intraoral X-ray Sensors market is valued at USD 124.4 million in 2017 and is expected to reach USD 153.1 million by the end of 2025, growing at a CAGR of 2.6% between 2017 and 2025.