Global Photostimulable Phosphor (PSP) Systems Market, By Product (Sizes (0 to 4), Sizes (0 to 3)), End Users (Dental Clinics, Dental Hospitals, Others) – Industry Trends and Forecast to 2029.
Global Photostimulable Phosphor (PSP) Systems Market Analysis and Size
The rising prevalence of dental caries and periodontal disorders has resulted in dental impairment. According to CDC data from 2019, 92% of people aged 20-64 in the United States have dental caries. Oral issues are treated with dental X-ray systems and cone-beam computed tomography (CBCT) devices, which further increases the adoption of photostimulable phosphors (PSP). Consequently, the market is estimated show immense growth over forecasted period owing to these growth determinants.
- Global Photostimulable Phosphor (PSP) Systems Market was registering a CAGR of 6.10% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Photostimulable Phosphor (PSP) Systems Market Definition
The phosphors that can retain information created by X-rays are known as photostimulable phosphors (PSP). When X-rays excite a photostimulable phosphor, electrons and holes are produced. By absorbing the radiation and then releasing the stored energy as light photons when triggered by a HeNe laser, PSPs may record and duplicate a latent x-ray image. A photomultiplier tube detects the released photons, producing an electronic signal that is transformed to a digital image for viewing on PACS 2-6.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
By Product (Sizes (0 to 4), Sizes (0 to 3)), End Users (Dental Clinics, Dental Hospitals, Others)
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa
Market Players Covered
Envista (U.S.), PLANMECA OY (Finland), ACTEON Group (UK), DENTSPLY Sirona (U.S.), Carestream Dental, LLC (U.S.), VATECH (South Korea), Owandy (France), DÜRR DENTAL India Private Limited (Germany), Midmark Corporation (U.S.), Genoray (South Korea), Asahi Roentgen Co. Ltd. (Japan), 3Shape A/S (Denmark), PreXion (U.S.), Runyes.(China), Cefla s.c., (Italy), Planet DDS (Canada), Yoshida Dental Mfg. Co. Ltd. (Japan), Align Technology Inc. (U.S.), J. MORITA CORP (Japan), and FONA s.r.l (Italy)
Photostimulable Phosphor (PSP) Systems Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Growing Burden Of Infectious Diseases
The growing burden of dental disorders across the globe is the most significant factor driving the growth for this market. Growing geriatric population and their respective age-old dental issues are also expected to accelerate the overall growth of the market.
Moreover, the overall cost and expenditure of dental operations and other dental treatments is decreasing, making them more affordable for middle and low-income families to embrace these treatment procedures for cost efficiency. This factor will further cushion the market’s growth within the forecasted period. The factors such as the expanding healthcare sector, growing medical tourism along with the increase in demand for dental x-ray systems, are also projected to bolster the growth of the market.
- Growing Advancements
Moreover, the efficient and effective treatment offered by advanced technologies that assist diagnose and treat patients in the early stages of dental illness are estimated to generate lucrative opportunities for the market. The ability of digital systems to shorten diagnosis time as well as improve the image quality collected by X-ray scanners will further offer numerous growth opportunities for the market.
Restraints/Challenges Global Photostimulable Phosphor (PSP) Systems Market
- High Costs of Diagnosis
On the other hand, high cost of dental digital x-ray imaging systems is expected to obstruct market growth.
- Lack Of Reimbursements For Dental Care
Also, the lack of reimbursements for dental care are projected to challenge the photostimulable phosphor (PSP) systems market in the forecast period of 2022-2029.
This photostimulable phosphor (PSP) systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the photostimulable phosphor (PSP) systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Post Covid-19 Impact on Photostimulable Phosphor (PSP) Systems Market
The photostimulable phosphor (PSP) systems market was largely impacted by the outbreak of COVID-19. The various restrictive measures by the governments across the globe further led to many challenges for the market. Many dental equipment and product manufacturers' supply chains have been disrupted as major countries such as the United States and India purchase raw materials and electronic components from China. Countries have effectively shut down their production units, putting a strain on medical equipment manufacturers. Moreover, the elective procedures have been postponed or cancelled so that hospitals can focus their resources on treating COVID-19 patients. The commercial activities across the globe were severely impacted, both in terms of supply and demand, and the market as a whole was impacted. Additionally, the cost of reopening during the COVID 19 epidemic was quite high because they had to follow tougher norms and protocols, which resulted in higher prices.
The American Dental Association (ADA) expects that dental expenditures will expand and recover to either full post-pandemic anticipated levels or 80% of pre-pandemic levels by October 2020 or January 2021. This is so because the dental practices are opening and patient volume is increasing faster than projected, the industry is likely to fully recover post COVID.
Global Photostimulable Phosphor (PSP) Systems Market Scope
The photostimulable phosphor (PSP) systems market is segmented on the basis of product and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Sizes (0 to 4)
- Sizes (0 to 3)
On the basis of product, the photostimulable phosphor (PSP) systems market is segmented into sizes (0 to 4) and sizes (0 to 3).
- Dental Clinics
- Dental Hospitals
On the basis of end users, the photostimulable phosphor (PSP) systems market is bifurcated into dental clinics, dental hospitals and others.
Photostimulable Phosphor (PSP) Systems Market Regional Analysis/Insights
The photostimulable phosphor (PSP) systems market is analyzed and market size insights and trends are provided by country, product and end users as referenced above.
The countries covered in the photostimulable phosphor (PSP) systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the photostimulable phosphor (PSP) systems market because of the availability of advanced technologies and growing geriatric population, which is more prone to oral diseases within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the growing awareness in the developing economies regarding various oral problems which further facilitates rapid diagnosis and treatment along with the prevalence of high geriatric population within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The photostimulable phosphor (PSP) systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for photostimulable phosphor (PSP) systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the photostimulable phosphor (PSP) systems market. The data is available for historic period 2010-2020.
Competitive Landscape and Photostimulable Phosphor (PSP) Systems Market Share Analysis
The photostimulable phosphor (PSP) systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to photostimulable phosphor (PSP) systems market.
Some of the major players operating in the photostimulable phosphor (PSP) systems market are:
- Envista (U.S.)
- PLANMECA OY (Finland)
- ACTEON Group (UK)
- DENTSPLY Sirona (U.S.)
- Carestream Dental, LLC (U.S.)
- VATECH (South Korea)
- Owandy (France)
- DÜRR DENTAL India Private Limited (Germany)
- Midmark Corporation (U.S.)
- Genoray (South Korea)
- Asahi Roentgen Co. Ltd. (Japan)
- 3Shape A/S (Denmark)
- PreXion (U.S.)
- Cefla s.c., (Italy)
- Planet DDS (Canada)
- Yoshida Dental Mfg. Co. Ltd. (Japan)
- Align Technology Inc. (U.S.)
- J. MORITA CORP (Japan)
- FONA s.r.l (Italy)