Global Medical Hyperspectral Imaging Market Size study & Forecast, by Component by Modality, by Application, by End User and Regional Analysis, 2023-2030

Description

List of Tables

Global Medical Hyperspectral Imaging Market is valued approximately USD 1.58 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 13.1% over the forecast period 2023-2030 Medical hyperspectral imaging is a specialized imaging technique used in the field of medicine to capture and analyze detailed information about the spectral properties of biological tissues. It combines principles of conventional imaging with spectroscopy to provide a wealth of information about the chemical and structural composition of tissues. The Medical Hyperspectral Imaging market is expanding because of factors such as increasing prevelance of cancer and increasing research to explore medical applications.

The rising prevalence of cancer globally is fostering market growth, according to estimates from the International Agency for Research on Cancer (IARC), The estimated increase in the worldwide burden of cancer is to 27.5 million new cases by 2040 from 1.9 million new cases in year 2021. Furthermore, Multiple studies' findings support the efficacy of hyperspectral imaging in cancer diagnosis. For instance, according to a research paper that appeared in Springer Nature in 2022, hyperspectral imaging may accurately diagnose breast cancer from breast tissue removed following surgery with a sensitivity of approximately 84%. Additionally, within a few minutes, medical hyperspectral imaging could analyse the tissue, allowing for the possibility of determining whether any tumour cells remained at the edges of the resection sites. One of the key reasons propelling the market expansion during the forecast period is the benefits and accuracy of this technology in the detection of cancer. In addition, rising expenditure on drug testing by pharmaceutical companies and rising technological advancements is creating a lucrative opportunity to the market. However, the high cost of Medical Hyperspectral Imaging stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Hyperspectral Imaging Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising prevalence of cancer, rising research and development activities, and presence of key market players. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising cancer prevelance, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:

Specim Private Limited
BaySpec, Inc.
Resonon Inc.
Headwall Photonics Inc
HyperMed Imaging, Inc.
XIMEA GmbH
Cubert Inc
Diaspective Vision gmbh
ClydeHSI Imaging and Technology Limited
Imec

Recent Developments in the Market:

In July 2022, Headwall Photonics announced its plans for the acquisition of Holographix LLC. This acquisition would result in expanding the company manufacturing capabilities to address future growth.
In August 2022, the Europe government allocated roughly USD 27,711,189.54 to the research project HyPPOCRATES. By utilizing machine learning concepts, the research aims to develop a potent mHS image interpretation software platform for processing mHS data.

Global Medical Hyperspectral Imaging Market Report Scope:

Historical Data: - 2020 - 2021
Base Year for Estimation: - 2022
Forecast period: - 2023-2030
Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: - Component, Modality, Application, End User Region
Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Component offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component:

Hyperspectral Cameras
Accessories

By Modality:

Push Broom
Snapshot
Others

By Application:

Quality Assurance & Drug Testing
Medical Diagnostics
Others

By End User:

Pharmaceutical & Biopharmaceutical Companies
Research Institutes & Organizations
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Medical Hyperspectral Imaging Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Medical Hyperspectral Imaging Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Medical Hyperspectral Imaging Market, by Modality, 2020-2030 (USD Billion)
- 1.2.4. Medical Hyperspectral Imaging Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Medical Hyperspectral Imaging Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Medical Hyperspectral Imaging Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Medical Hyperspectral Imaging Market Dynamics

3.1. Medical Hyperspectral Imaging Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing prevelance of cancer
  - 3.1.1.2. Increasing Research to Explore Medical Applications
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Medical Hyperspectral Imaging
- 3.1.3. Market Opportunities
  - 3.1.3.1. Rising expenditure on drug testing by pharmaceutical companies
  - 3.1.3.2. Rising technological advancements

Chapter 4. Global Medical Hyperspectral Imaging Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Medical Hyperspectral Imaging Market, by Component

5.1. Market Snapshot
5.2. Global Medical Hyperspectral Imaging Market by Component, Performance - Potential Analysis
5.3. Global Medical Hyperspectral Imaging Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Medical Hyperspectral Imaging Market, Sub Segment Analysis
- 5.4.1. Hyperspectral Cameras
- 5.4.2. Accessories

Chapter 6. Global Medical Hyperspectral Imaging Market, by Modality

6.1. Market Snapshot
6.2. Global Medical Hyperspectral Imaging Market by Modality, Performance - Potential Analysis
6.3. Global Medical Hyperspectral Imaging Market Estimates & Forecasts by Modality 2020-2030 (USD Billion)
6.4. Medical Hyperspectral Imaging Market, Sub Segment Analysis
- 6.4.1. Push Broom
- 6.4.2. Snapshot
- 6.4.3. Others

Chapter 7. Global Medical Hyperspectral Imaging Market, by Application

7.1. Market Snapshot
7.2. Global Medical Hyperspectral Imaging Market by Application, Performance - Potential Analysis
7.3. Global Medical Hyperspectral Imaging Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Medical Hyperspectral Imaging Market, Sub Segment Analysis
- 7.4.1. Quality Assurance & Drug Testing
- 7.4.2. Medical Diagnostics
- 7.4.3. Others

Chapter 8. Global Medical Hyperspectral Imaging Market, by End User

8.1. Market Snapshot
8.2. Global Medical Hyperspectral Imaging Market by End User, Performance - Potential Analysis
8.3. Global Medical Hyperspectral Imaging Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
8.4. Medical Hyperspectral Imaging Market, Sub Segment Analysis
- 8.4.1. Pharmaceutical & Biopharmaceutical Companies
- 8.4.2. Research Institutes & Organizations
- 8.4.3. Others

Chapter 9. Global Medical Hyperspectral Imaging Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Medical Hyperspectral Imaging Market, Regional Market Snapshot
9.4. North America Medical Hyperspectral Imaging Market
- 9.4.1. U.S. Medical Hyperspectral Imaging Market
  - 9.4.1.1. Component breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Modality breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Medical Hyperspectral Imaging Market
9.5. Europe Medical Hyperspectral Imaging Market Snapshot
- 9.5.1. U.K. Medical Hyperspectral Imaging Market
- 9.5.2. Germany Medical Hyperspectral Imaging Market
- 9.5.3. France Medical Hyperspectral Imaging Market
- 9.5.4. Spain Medical Hyperspectral Imaging Market
- 9.5.5. Italy Medical Hyperspectral Imaging Market
- 9.5.6. Rest of Europe Medical Hyperspectral Imaging Market
9.6. Asia-Pacific Medical Hyperspectral Imaging Market Snapshot
- 9.6.1. China Medical Hyperspectral Imaging Market
- 9.6.2. India Medical Hyperspectral Imaging Market
- 9.6.3. Japan Medical Hyperspectral Imaging Market
- 9.6.4. Australia Medical Hyperspectral Imaging Market
- 9.6.5. South Korea Medical Hyperspectral Imaging Market
- 9.6.6. Rest of Asia Pacific Medical Hyperspectral Imaging Market
9.7. Latin America Medical Hyperspectral Imaging Market Snapshot
- 9.7.1. Brazil Medical Hyperspectral Imaging Market
- 9.7.2. Mexico Medical Hyperspectral Imaging Market
9.8. Middle East & Africa Medical Hyperspectral Imaging Market
- 9.8.1. Saudi Arabia Medical Hyperspectral Imaging Market
- 9.8.2. South Africa Medical Hyperspectral Imaging Market
- 9.8.3. Rest of Middle East & Africa Medical Hyperspectral Imaging Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Specim Private Limited
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. BaySpec, Inc.
- 10.3.3. Resonon Inc.
- 10.3.4. Headwall Photonics Inc
- 10.3.5. HyperMed Imaging, Inc.
- 10.3.6. XIMEA GmbH
- 10.3.7. Cubert Inc
- 10.3.8. Diaspective Vision gmbh
- 10.3.9. ClydeHSI Imaging and Technology Limited
- 10.3.10. Imec

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Medical Hyperspectral Imaging Market, report scope
TABLE 2. Global Medical Hyperspectral Imaging Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Medical Hyperspectral Imaging Market estimates & forecasts by Component 2020-2030 (USD Billion)
TABLE 4. Global Medical Hyperspectral Imaging Market estimates & forecasts by Modality 2020-2030 (USD Billion)
TABLE 5. Global Medical Hyperspectral Imaging Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Medical Hyperspectral Imaging Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 7. Global Medical Hyperspectral Imaging Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Medical Hyperspectral Imaging Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Medical Hyperspectral Imaging Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Medical Hyperspectral Imaging Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Medical Hyperspectral Imaging Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Medical Hyperspectral Imaging Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Medical Hyperspectral Imaging Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Medical Hyperspectral Imaging Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Medical Hyperspectral Imaging Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Medical Hyperspectral Imaging Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Medical Hyperspectral Imaging Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Medical Hyperspectral Imaging Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Medical Hyperspectral Imaging Market
TABLE 72. List of primary sources, used in the study of global Medical Hyperspectral Imaging Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Medical Hyperspectral Imaging Market, research methodology
FIG 2. Global Medical Hyperspectral Imaging Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Medical Hyperspectral Imaging Market, key trends 2022
FIG 5. Global Medical Hyperspectral Imaging Market, growth prospects 2023-2030
FIG 6. Global Medical Hyperspectral Imaging Market, porters 5 force model
FIG 7. Global Medical Hyperspectral Imaging Market, pest analysis
FIG 8. Global Medical Hyperspectral Imaging Market, value chain analysis
FIG 9. Global Medical Hyperspectral Imaging Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Medical Hyperspectral Imaging Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Medical Hyperspectral Imaging Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Medical Hyperspectral Imaging Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Medical Hyperspectral Imaging Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Medical Hyperspectral Imaging Market, regional snapshot 2020 & 2030
FIG 15. North America Medical Hyperspectral Imaging Market 2020 & 2030 (USD Billion)
FIG 16. Europe Medical Hyperspectral Imaging Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Medical Hyperspectral Imaging Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Medical Hyperspectral Imaging Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Medical Hyperspectral Imaging Market 2020 & 2030 (USD Billion)