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Intra-Oral Flat Panel Sensor Market Expected to Reach $446.00 Million By 2030

 
2022
Intra-Oral Flat Panel Sensor Market

Report Code : A12543

quote The intra-oral flat panel sensor market size is expected to witness growth at the highest rate during the forecast period, owing to advancements in medical image technologies and increase in number of dental laboratories across the globe. Moreover, growth in number of medical devices and adoption of advanced technology in the dental industry fosters several growth opportunities for the intra-oral flat panel sensor market quote

Avinash Savekar
Lead Analyst, Semiconductor and Electronics

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According to a new report published by Allied Market Research, titled, Intra-Oral Flat Panel Sensor Market By Product and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global intra-oral flat panel sensor market size was valued at $315.70 million in 2020, and is projected to reach $446.00 million by 2030, registering a CAGR of 3.90% during the forecast period. Europe is expected to be the leading contributor to the global intra-oral flat panel sensor market share, followed by North America and Asia-Pacific.        

Intra-oral flat panel sensors combine a large-area CMOS image sensor and a fiber optic plate with scintillator. These acquire high-definition, megapixel-level digital video, and images without distortion. With its thin profile and light weight, a flat panel sensor is easy to install into other equipment. Flat panel sensors designed for applications such as digital radiography and diffraction. These sensors are widely used in digital imaging devices, featuring high speed, high resolution, wide dynamic range, compact size, and no distortion. 

The dental industry is continually changing, with more and more dentists adopting the latest digital x-ray technology into their practices. The driving advantages of digital x-ray systems versus film-based systems include the following factors such as increased work flow, high-quality x-ray images for improved diagnosis, and reduced radiation exposure for patients; thus, offering growth opportunities for CMOS sensor device. Factors such as smaller pixel size, resulting in higher resolution, and rise in adoption of CMOS flat panel sensor in cone beam computed tomography (CBCT) machines and panoramic imaging offer lucrative growth opportunities for the market.     

The prominent factors that drive the growth of the intra-oral flat panel sensor market include rapid penetration of digital sensors and PSP systems, advancements in medical image technologies, and government initiatives for accessing the oral health in rural areas. However, the high cost of dental imaging systems and lack of reimbursement for dental procedures hamper its adoption, which is expected to pose a major threat to the global intra-oral flat panel sensor market growth. However, increase in number of dental laboratories across the globe is expected to provide lucrative opportunities to the market.   

The global intra-oral flat panel sensor market is segmented on the basis of product, application, and region. Based on product, the market is divided into charged-coupled device (CCD) and complementary metal-oxide semiconductor (CMOS). Based on application, it is categorized into diagnostic medical imaging system and veterinary system. By region, the intra-oral flat panel sensor market trends is analyzed across the North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The intra-oral flat panel sensor market analysis had identified that Europe contributed maximum revenue in 2020, and Asia-Pacific is expected to grow at a faster rate as compared to other regions. 

COVID 19 Impact Analysis

COVID-19 has a large impact on both consumer and the economy. Electronics manufacturing hubs have been temporarily shut down to limit the COVID-19 spread among individuals. This has majorly affected the supply chain of the intra-oral flat panel sensor market by creating shortages of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on revenue and shareholder returns, which is expected to create financial disruptions in the intra-oral flat panel sensor industry.  '

The COVID-19 outbreak has positively as well as negatively affected major businesses worldwide by disrupting production cycles and supply chains across industries. The dental industry has faced immense challenges in eradicating the pandemic, as the number of infections shows no signs of subsiding. Half of the world is currently facing a second wave of the pandemic. 

However, as vaccines roll out across the globe and the pandemic situation is better controlled, especially in North America and Europe, more elective dental procedures can be expected to be carried out from 2021. This would boost the recovery of the market.    

Key Findings of the Study

  • In 2020, the diagnostic medical imaging system segment accounted for maximum revenue and is projected to grow at a notable CAGR during the forecast period.
  • The CMOS segment is expected to witness the highest growth rate during the forecast period.
  • Germany was the major shareholder in the Europe intra-oral flat panel sensor market. 

The key players profiled in the report include Carestream Dental (U.S.), Owandy Radiology (U.S.), Corix Medical Systems (Mexico), ALLPRO Imaging (U.S.), Fona Dental (Italy), Dabi Atlante (Brazil), Dentsply Sirona (U.S.), KaVo Dental (U.S.), Vatech Dental (U.S.), and Genoray (South Korea). These market players have adopted various strategies, such as product launch, collaboration, and partnership, to expand their foothold in the industry.     

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quote Intra-Oral Flat Panel Sensor Market By Product (Charged-Coupled Device [CCD] and Complementary Metal-Oxide Semiconductor [CMOS]) and Application (Diagnostic Medical Imaging System and Veterinary System): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

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