Global Healthcare Hyperspectral Imaging Systems Market – Drivers and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–#HSIsystemsTechnavio
analysts forecast the global
healthcare hyperspectral imaging (HSI) systems market
to
grow at a CAGR of more than 14% during the forecast period, according to
their latest report.


The research study covers the present scenario and growth prospects of
the global
healthcare hyperspectral imaging systems market
for
2017-2021. The market is segmented by product type (healthcare
hyperspectral cameras and accessories), end-user (hospitals and
diagnostic centers, pharmaceutical and biotechnology companies, and
research laboratories), and geography (the Americas, EMEA, and APAC).

Most the leading healthcare HSI companies are focusing on developing
systems with high-quality imaging data for delivering real-time images
of biomarker information like deoxyhemoglobin and oxyhemoglobin, which
provide an assessment of tissue pathophysiology based on a different
spectral characteristic of the tissue. Vendors such as Headwall
Photonics, IMEC, Norsk Elektro, and Specim are adopting these techniques
to cater to the growing demand for HSI imaging systems. Researchers at
Technavio expect APAC to lead the healthcare HSI systems during the
forecast period with the increased adoption and transformed healthcare
scenario.

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Technavio healthcare
and life sciences
research
analysts highlight the following three factors that are contributing to
the growth of the global healthcare hyperspectral imaging systems market:

  • Increasing awareness coupled with safety and ease of use of HSI systems
  • Advanced medical imaging capabilities
  • Growing adoption of HSI imaging systems

Increasing awareness coupled with safety and ease of use of HSI
systems

Earlier, HSI was mostly installed by government agencies such as NASA
and other defense sectors. However, in 2005, the scenario started to
change slowly. Now, manufacturers deploy this technology for several
applications like medical imaging and life sciences, food and
agriculture, mineralogy, machine vision, and environment monitoring due
to its high-resolution imaging capabilities. HSI technology is adopted
by the institutions and research centers across the globe.

Barath Palada, a lead medical
imaging
research analyst at Technavio, says, “HSI devices are
very safe to use, as they do not emit any unwanted radiation or other
dangerous rays that may harm the operator. Thus, this safety capability
coupled with increasing awareness about its usage will further boost the
adoption of HIS devices during the forecast period.”

Advanced medical imaging capabilities

Advances in semiconductor-based technologies have improved the quality
of many medical procedures and reduced the number of complications
significantly. The image analysis from HSI systems enables the
extraction of diagnostic data that is useful in gathering large
information at the tissue, cellular, and molecular levels, which is used
for diseases screening, treatment, and diagnosis. The HSI system is
widely used to diagnose diseases in the areas of cardiology, oncology,
and ophthalmology, as it precisely depicts molecular activity in the
body.

HSI technology can be used to enhance eye care, dental care, and
dermatological services for older people, as it reduces patients’
exposure to harmful radiation. Thus, the development of
medical imaging capabilities with the help of HSI technology will propel
the market’s growth in the coming years
,” says Barath.

Growing adoption of HSI imaging systems

In the past, HSI devices were complicated to use and bulky in nature,
and it requires the user to have knowledge of specific technologies and
understanding of high-level mathematical functions. Thus, to overcome
these problems, manufacturers have launched lighter, flexible,
user-friendly HSI devices that can be used as point-and-shoot cameras.
Now, there is increasing adoption of HSI devices due to such features,
and this trend is expected to continue during the forecast period.

Top vendors:

  • Headwall Photonics
  • IMEC
  • Norsk Elektro Optikk
  • Specim

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.

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