The global Medical Hyperspectral Imaging Market Demand is estimated to increase at a 6.2% CAGR between 2022 and 2030, from US$ 181.8 million to US$ 294.7 million.
The growing number of healthcare illnesses drives developments in the medical imaging landscape. As a result, computational power, image analysis, and hyperspectral cameras are among the technical advancements being used throughout the healthcare business.
Imaging sensors precisely determine non-invasive diseases as well as operations. They also do not release any radiation that could harm the patient or the operator. According to FMI’s analysis, these variables will provide the market a boost over the assessment period.
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“Proven success in North America and Europe is prompting Medical Hyperspectral Imaging market players to shift their priorities to the developing economies. This factor will help in growth of the market between 2020 and 2030” – FMI Analyst
Key Takeaways
- Because of recent improvements in sensor development, hyperspectral cameras have the biggest market share. A preference for accuracy will boost the prospects of MHSI in healthcare.
- The North American regional market is expected to develop at the fastest rate between 2022 and 2030.
- The expansion of India as a medical tourism hub would provide opportunities for industry participants.
Although FMI’s research is optimistic about the use of hyperspectral imaging in medical applications, initial investments and aversion to risk may lead to limited acceptance, particularly in the next several years.
FMI’s discussions with stakeholders across the value chain revealed that end-users have been hampered by worries about data storage and the resulting expense. Many providers provide cloud-based storage alternatives, and adoption is expected to expand gradually over the forecast period.
Apart from healthcare, hyperspectral imaging is employed in a variety of other industries. The leading companies in hyperspectral imaging are constantly concentrating on providing technologically superior goods, not just for the healthcare business.
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According to FMI, holistic advances in hyperspectral imaging will boost the confidence of healthcare industry and fuel adoption. However, manufacturers will need to maintain that elusive balance between quality offerings and competitive pricing.
List of Key Players Covered in Medical Hyperspectral Imaging market are:
- IMEC
- Norsk Elektro Optikk
- Galileo
- Gilden Photonics
- Resonon
- XIMEA
- Gooch & Housego
- Chemlmage
- Applied Spectral Imaging
- Cubert
- EVK DI Kerschhaggl
- Headwall Photonics
- FluxData
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Key Segments of Medical Hyperspectral Imaging Industry Survey
Medical Hyperspectral Imaging Market by Product:
- Hyperspectral Imaging Systems
- Hyperspectral Imaging Accessories
Medical Hyperspectral Imaging Market by Application:
- Medical Diagnosis
- Tissue and Cell Biology
- Drug Discovery
- Others
Medical Hyperspectral Imaging Market by Technology:
- Visible Hyperspectral Imaging
- Near-infrared Hyperspectral Imaging
- Ultraviolet Hyperspectral Imaging
- Short-wave Infrared Imaging
- Mid-wave Infrared Hyperspectral Imaging
Medical Hyperspectral Imaging Market by End User:
- Diagnostic Centres
- Hospitals
- Research & Academic Centres
- Pharmaceutical & Biotechnology Companies
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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