Healthcare Hyperspectral Imaging (HSI) Systems Market to Record a CAGR of 16.41%, North America to Contribute Majority of Market Growth - Technavio

NEW YORK, Aug. 19, 2022 /PRNewswire/ -- The healthcare hyperspectral imaging (HSI) systems market will be driven by the increasing awareness coupled with safety and ease of use of systems. However, factors such as high investment and installation costs may challenge market growth.

The healthcare hyperspectral imaging (HSI) systems market size is expected to grow by USD 163.84 mn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 16.41% during the forecast period, according to Technavio.

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The healthcare hyperspectral imaging (HSI) systems market report covers the following areas:

• Healthcare Hyperspectral Imaging (HSI) Systems Market size
• Healthcare Hyperspectral Imaging (HSI) Systems Market trends
• Healthcare Hyperspectral Imaging (HSI) Systems Market industry analysis

The healthcare hyperspectral imaging (HSI) systems market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. 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. are some of the major market participants. The key offerings of a few of these vendors are listed below:

• Applied Infrared Sensing - The company offers a wide range of hyperspectral systems such as Airborne hyperspectral imaging systems, benchtop hyperspectral imaging systems among others.
• BaySpec Inc. - The company offers a wide range of hyperspectral systems such as OCF-F Hyperspectral imager, GoldenEye Snapshot hyperspectral imager, among others.
• Corning Inc. - The company offers a wide range of hyperspectral systems such as microHSI series.
• Galileo Group Inc. - The company offers a wide range of hyperspectral systems such as AISA Eagle hyperspectral imaging sensor and AISA Hawk hyperspectral imaging sensor.
• Gooch and Housego Plc - The company offers a wide range of hyperspectral systems such as HSi 300 hyperspectral imaging system.

• Product
• Healthcare HSI Cameras: The healthcare HSI cameras segment will contribute the highest market share growth during the forecast period. Healthcare hyperspectral cameras can capture, collect, and display information from across the electromagnetic spectrum beyond visible light. Advances in medical imaging are incorporated into healthcare hyperspectral cameras.
• Accessories
• Geography
• North America: This region will account for 40% of the market's growth during the forecast period. The growth of the region is attributed to factors such as increasing awareness, coupled with safety and ease of use. However, market growth in this region will be slower than the growth of the market in regions. The US is the key country for the healthcare hyperspectral imaging (HSI) systems market in North America.
• Europe
• Asia
• ROW

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• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will assist healthcare hyperspectral imaging (HSI) systems market growth during the next five years
• Estimation of the healthcare hyperspectral imaging (HSI) systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the healthcare hyperspectral imaging (HSI) systems market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of healthcare hyperspectral imaging (HSI) systems market vendors

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1 Executive Summary

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 01: Parent market
• Exhibit 02: Market characteristics

• 2.2 Value chain analysis
• Exhibit 03: Value chain analysis: Healthcare Equipment

3 Market Sizing

• 3.1 Market definition
• Exhibit 04: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 05: Market segments

• 3.3 Market size 2020

• 3.4 Market outlook: Forecast for 2020 - 2025
• Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
• Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

• 3.5 Market segmentation by End-user

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 08: Five forces analysis 2020 & 2025

• 4.2 Bargaining power of buyers
• Exhibit 09: Bargaining power of buyers

• 4.3 Bargaining power of suppliers
• Exhibit 10: Bargaining power of suppliers

• 4.4 Threat of new entrants
• Exhibit 11: Threat of new entrants

• 4.5 Threat of substitutes
• Exhibit 12: Threat of substitutes

• 4.6 Threat of rivalry
• Exhibit 13: Threat of rivalry

• 4.7 Market condition
• Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

• 5.1 Market segments
• Exhibit 15: Product - Market share 2020-2025 (%)

• 5.2 Comparison by Product
• Exhibit 16: Comparison by Product

• 5.3 Healthcare HSI cameras - Market size and forecast 2020-2025
• Exhibit 17: Healthcare HSI cameras - Market size and forecast 2020-2025 ($ million)
• Exhibit 18: Healthcare HSI cameras - Year-over-year growth 2020-2025 (%)

• 5.4 Accessories - Market size and forecast 2020-2025
• Exhibit 19: Accessories - Market size and forecast 2020-2025 ($ million)
• Exhibit 20: Accessories - Year-over-year growth 2020-2025 (%)

• 5.5 Market opportunity by Product
• Exhibit 21: Market opportunity by Product

6 Customer landscape

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 23: Market share by geography 2020-2025 (%)

• 7.2 Geographic comparison
• Exhibit 24: Geographic comparison

• 7.3 North America - Market size and forecast 2020-2025
• Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
• Exhibit 26: North America - Year-over-year growth 2020-2025 (%)

• 7.4 Europe - Market size and forecast 2020-2025
• Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
• Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)

• 7.5 Asia - Market size and forecast 2020-2025
• Exhibit 29: Asia - Market size and forecast 2020-2025 ($ million)
• Exhibit 30: Asia - Year-over-year growth 2020-2025 (%)

• 7.6 ROW - Market size and forecast 2020-2025
• Exhibit 31: ROW - Market size and forecast 2020-2025 ($ million)
• Exhibit 32: ROW - Year-over-year growth 2020-2025 (%)

• 7.7 Key leading countries
• Exhibit 33: Key leading countries

• 7.8 Market opportunity by geography
• Exhibit 34: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges
• Exhibit 35: Impact of drivers and challenges

• 8.3 Market trends

9 Vendor Landscape

• 9.1 Competitive scenario
• Exhibit 36: Vendor landscape

• 9.2 Landscape disruption
• Exhibit 37: Landscape disruption
• Exhibit 38: Industry risks

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 39: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 40: Market positioning of vendors

• 10.3 Applied Infrared Sensing
• Exhibit 41: Applied Infrared Sensing - Overview
• Exhibit 42: Applied Infrared Sensing - Product and service
• Exhibit 43: Applied Infrared Sensing - Key offerings

• 10.4 BaySpec Inc.
• Exhibit 44: BaySpec Inc. - Overview
• Exhibit 45: BaySpec Inc. - Product and service
• Exhibit 46: BaySpec Inc. - Key offerings

• 10.5 Corning Inc.
• Exhibit 47: Corning Inc. - Overview
• Exhibit 48: Corning Inc. - Business segments
• Exhibit 49: Corning Inc. - Key news
• Exhibit 50: Corning Inc. - Key offerings
• Exhibit 51: Corning Inc. - Segment focus

• 10.6 Galileo Group Inc.
• Exhibit 52: Galileo Group Inc. - Overview
• Exhibit 53: Galileo Group Inc. - Product and service
• Exhibit 54: Galileo Group Inc. - Key offerings

• 10.7 Gooch and Housego Plc

• 10.8 Headwall Photonics Inc.
• Exhibit 59: Headwall Photonics Inc. - Overview
• Exhibit 60: Headwall Photonics Inc. - Product and service
• Exhibit 61: Headwall Photonics Inc. - Key news
• Exhibit 62: Headwall Photonics Inc. - Key offerings

• 10.9 imec VZW
• Exhibit 63: imec VZW - Overview
• Exhibit 64: imec VZW - Product and service
• Exhibit 65: imec VZW - Key news
• Exhibit 66: imec VZW - Key offerings

• 10.10 Konica Minolta Inc.
• Exhibit 67: Konica Minolta Inc. - Overview
• Exhibit 68: Konica Minolta Inc. - Business segments
• Exhibit 69: Konica Minolta Inc. - Key news
• Exhibit 70: Konica Minolta Inc. - Key offerings
• Exhibit 71: Konica Minolta Inc. - Segment focus

• 10.11 Norsk Elektro Optikk AS
• Exhibit 72: Norsk Elektro Optikk AS - Overview
• Exhibit 73: Norsk Elektro Optikk AS - Product and service
• Exhibit 74: Norsk Elektro Optikk AS - Key offerings

• 10.12 Resonon Inc.
• Exhibit 75: Resonon Inc. - Overview
• Exhibit 76: Resonon Inc. - Product and service
• Exhibit 77: Resonon Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Currency conversion rates for US$
• Exhibit 78: Currency conversion rates for US$

• 11.3 Research methodology
• Exhibit 79: Research Methodology
• Exhibit 80: Validation techniques employed for market sizing
• Exhibit 81: Information sources

• 11.4 List of abbreviations
• Exhibit 82: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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