Healthcare Hyperspectral Imaging Systems Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44450
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The healthcare hyperspectral imaging (HSI) systems market has the potential to grow by USD 163.84 million during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 16.41%.

This healthcare hyperspectral imaging systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (healthcare HSI cameras and accessories) and geography (North America, Europe, Asia, and ROW). The healthcare hyperspectral imaging systems market report also offers information on several market vendors, including Applied Infrared Sensing, BaySpec Inc., Corning Inc., Galileo Group Inc., Gooch and Housego Plc, Headwall Photonics Inc., imec VZW, Konica Minolta Inc., Norsk Elektro Optikk AS, and Resonon Inc. among others.

What will the Healthcare Hyperspectral Imaging (HSI) Systems Market Size be in 2021?

Healthcare-Hyperspectral-Imaging-(HSI)-Systems-Market-Market-Size-2020-2025

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Healthcare Hyperspectral Imaging (HSI) Systems Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing awareness coupled with safety and ease of use of HSI systems is notably driving the healthcare HSI systems market growth, although factors such as high investment and installation costs may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare hyperspectral imaging systems industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This healthcare hyperspectral imaging systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Healthcare Hyperspectral Imaging (HSI) Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Applied Infrared Sensing
  • BaySpec Inc.
  • Corning Inc.
  • Galileo Group Inc.
  • Gooch and Housego Plc
  • Headwall Photonics Inc.
  • imec VZW
  • Konica Minolta Inc.
  • Norsk Elektro Optikk AS
  • Resonon Inc.

 

The vendor landscape of the healthcare hyperspectral imaging systems market entails successful business strategies deployed by the vendors. The healthcare HSI systems market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the healthcare hyperspectral imaging systems market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Healthcare Hyperspectral Imaging (HSI) Systems Market?

Healthcare-Hyperspectral-Imaging-(HSI)-Systems-Market-Market-Share-by-Region-2020-2025

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40% of the market’s growth will originate from North America during the forecast period. The US is a key market for healthcare hyperspectral imaging systems in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising demand for advanced medical imaging capabilities will facilitate the healthcare hyperspectral imaging systems market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Healthcare Hyperspectral Imaging (HSI) Systems Market?

Healthcare-Hyperspectral-Imaging-(HSI)-Systems-Market-Market-Share-by-Product-2020-2025

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The healthcare hyperspectral imaging systems market share growth by the healthcare HSI cameras segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the healthcare HSI systems market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

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What are the Key Factors Covered in this Healthcare Hyperspectral Imaging (HSI) Systems Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive healthcare hyperspectral imaging systems market growth during the next five years
  • Precise estimation of the healthcare hyperspectral imaging systems market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the healthcare HSI systems industry across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of healthcare HSI systems market vendors

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Healthcare Hyperspectral Imaging (HSI) Systems Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 16.41%

Market growth 2021-2025

$ 163.84 million

Market structure

Fragmented

YoY growth (%)

18.97

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 40%

Key consumer countries

US, Germany, China, France, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Applied Infrared Sensing, BaySpec Inc., Corning Inc., Galileo Group Inc., Gooch and Housego Plc, Headwall Photonics Inc., imec VZW, Konica Minolta Inc., Norsk Elektro Optikk AS, and Resonon Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The healthcare hyperspectral imaging (hsi) systems market growth will increase by $145.62 million during 2019-2024.
The healthcare hyperspectral imaging (hsi) systems market is expected to grow at a CAGR of 17.30% during 2019-2024.
Technavio has segmented the healthcare hyperspectral imaging (hsi) systems market by product (Healthcare HSI cameras and Accessories) and geographic (North America, Europe, Asia, and ROW).
BaySpec Inc., Corning Inc., Cubert GmbH, Gooch & Housego Plc, Halma Plc, Headwall Photonics Inc., imec VZW, Norsk Elektro Optikk AS, Resonon Inc., Specim, Spectral Imaging Ltd. are a few of the key vendors in the healthcare hyperspectral imaging (hsi) systems market.
North America will register the highest growth rate of 35.69% among the other regions. Therefore, the healthcare hyperspectral imaging (hsi) systems market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the healthcare hyperspectral imaging (hsi) systems market growth are:
  • Increasing awareness coupled with safety and ease of use of HSI systems
  • Emergence of portable HSI cameras
The healthcare hyperspectral imaging (hsi) systems market vendors should focus on grabbing business opportunities from the healthcare hsi cameras segment as it accounted for the largest market share in the base year.
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