|Product Code: ETC109483||Publication Date: Aug 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
India Dental radiology equipment Market registered a growth of 49.13% in value shipments in 2022 as compared to 2021 and a decrease of -1.3% CAGR in 2022 over a period of 2017. In Dental radiology equipment Market India is becoming less competitive as HHI index in 2022 was 3800 while in 2017 it was 3658. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Dental radiology equipment Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Dental radiology equipment Market in 2022 was 20.59 while in 2017 it was 17.63. Rep. of Korea, Germany, Italy, Finland and France were among the top players of the market in 2022, where Rep. of Korea acquired the largest market share of 57.08% with a shipment value of 10.01 million USD in 2022 Rep. of Korea also offered the product below the average market price thus having a competitive advantage over others In 2017 Rep. of Korea had the largest market share of 55.87% with the shipment value of 7.11 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Rep. of Korea offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Dental radiology equipment Market in 2017.
India Dental radiology equipment market is estimated to grow at a CAGR of ~10.6% during the forecast period 2023-2029. The growth of the market can be attributed to rising dental tourism, increasing government initiatives towards healthcare infrastructure development and rise in number of dental practitioners in the country. Additionally, technological advancements such as 3D imaging technology and introduction of advanced digital radiography systems are further expected to drive the demand for dental radiology equipments across India.
The rising awareness regarding oral health, increasing prevalence of dental diseases, growing geriatric population and technological advancements in India are some of the major drivers for the growth of the India Dental Radiology Equipment Market. The introduction of government initiatives for providing healthcare facilities to rural areas is also contributing to increased demand for these products. Additionally, favorable regulations by regulatory bodies such as Dental Council of India (DCI) will further spur market growth in coming years. moreover, with the rising number of corporate hospitals and specialty clinics across India there has been an increase in preference towards technologically advanced equipment which can help reduce procedure time and costs associated with it thus boosting sales.
There are certain challenges that exist including lack of trained professionals , expensive cost associated with installation & operational costs ; lack or absence or reimbursement policies , higher competition levels arising due to global players presence ; inadequate supply chain facilities etc. Additionally , affordability issues still exist amongst India consumers due to lower per capita incomes making it difficult for them avail such services without financial support.
The key players operating in Indiadental radiology equipment market includes Sirona Dental Systems GmbH , Danaher Corporation , Planmeca Oyi ; Midmark Corporation ; Insung Meditech Co Ltd among others