3D technologies are being adopted in a vast manner by several organizations across different industry verticals. Several factors that are driving the global 3D imaging market such as machine vision applications of industrial automation, rise in the demand for 3D medical imaging and an ascension in the usage of technology of products like cameras, smartphones, and television. 3D imaging has several advantages upon application, in medical and healthcare industries. 3D imaging facilitates diagnosis, treatment and surgical planning, while enhancing clinical productivity. The global 3D imaging market is prognosticated to upscale at 28% CAGR by 2023
On the other hand, patients also can avail benefits from 3D imaging technology as it aids in the augmentation of diagnostic confidence. 3D imaging technology has replaced expensive diagnostic procedures and at the same time reduced the risk of complications. All these factors are expected to contribute to the snowballing expansion of the global 3D imaging market. Apart from that, a rising demand for minimally invasive diagnostic techniques has provided a needed impetus for the 3D imaging market to grow. Minimization of exploratory surgeries, facilitation of less expensive surgical planning, and reduction in operating time are other factors that are providing an extra push to supplement market growth. Minimization of damage to healthy tissue through focused treatment area is another reason posing in favor of the 3D imaging market growth.
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The global 3D imaging market is segmented on the basis of hardware, display technologies, imaging solutions, industry verticals, and region. Based on hardware, the global 3D imaging market is segmented into 3D display and 3D sensor. Based on display technologies, the global 3D imaging market is segmented into stereoscopy, anaglyph, auto-stereoscopy, volumetric display, and holography. Based on imaging solutions, the global market for 3D imaging is segmented into 3D sensing, 3D modelling, layout and automation, 3D rendering, anaglyphy, and image reconstruction.
Based on industry verticals, the global 3D imaging market is segmented into defense security, healthcare & medical, industrial imaging solutions, media & entertainment, and architecture & engineering. Within these segments, the healthcare sector is likely to witness fast paced ascension during the forecast period. This can be owed to the technological developments in scanning protocols, 3D volumetric reconstruction software, and magnetic resonance hardware. All these factors are estimated to expand the scope of application of 3D imaging in this sector.
Detailed Regional Analysis
Based on geography, 3D Imaging Industry is studied for several segments such as Asia Pacific, North America, Europe, and Rest of the World. North America, among all the regional segments is expected to lead the global 3D imaging market during the review period. This can be owed to the rising research and development activities in the region’s healthcare and technological sectors. Further, mounting prevalence of chronic diseases, along with higher accessibility of modern healthcare facilities within the region are supplementing the momentous growth of the 3D imaging market in North America.
The 3D imaging market in Europe is expected to grow at a fast pace during the forecast period due to the ever-growing consumer electronics in the region. Moreover, the prominence of the architecture and engineering sector in the region is also poised to set the regional market on a remarkable growth trajectory.
Asia Pacific is assessed to upscale at the fastest pace over the forecast period, as concluded in the report. The expansion of the entertainment industry in the region is also providing traction to the 3D imaging market in the region. However, the soaring costs of 3D solutions and software is likely to hinder the regional 3D imaging market growth. Additionally, the lack of sophisticated infrastructure in the region calls for higher deployment costs, which is further discouraging many end-users from adoption of 3D imaging systems.
Some prominent players in the global 3D imaging market include TomTec Imaging Systems GMBH (Germany), Able Software Corporation (US), Agilent Technologies (US), Lockheed Martin Corporations (US), Konica Minolta Inc (Japan), Philips Healthcare Informatics Inc (US), Panasonic Corporation (Japan), Hewlett Packard Company (US), Google Inc (US) and GE Healthcare Inc (US).
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