Hyperspectral Imaging Market, by Type (Hyperspectral Imaging Cameras, Accessories), by Application, (Disease diagnosis, Image-guided surgery, Cancer detection, Pharmaceuticals, Others (Eye problem detection, assessing tissue perfusion, evaluation teeth structure)), by End User, (Hospitals, Diagnostic Centers and Research centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022

Code : CMI240

Pages :200

Formats :

Excel and PDF

Industry : Medical Imaging

Hyperspectral Imaging MarketSize and Trends

The global hyperspectral imaging market is estimated to be valued at US$ 287.9 Mn in 2022 and is expected to exhibit a CAGR of 15.2% over the forecast period (2022-2030)

Figure 1: Global Hyperspectral Imaging Market Share, (%), Analysis, By Application, 2022

Market players are launching new product in order to increase their product portfolio. This is expected to drive growth of global hyperspectral imaging market over the forecast period.

Global Hyperspectral Imaging Market - Impact of the Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is expected to drive growth of the global hyperspectral imaging market, owing to use of hyperspectral imaging for the detection of viruses. For instance, in 2021, according to the article published in the National Center for Biotechnology Information, combining hyperspectral imaging with nanomaterial created a diagnostic platform for very sensitive COVID-19 virus identification. For detection of COVID-19 virus, assay was carried out using ultrasensitive hyperspectral sensor (HyperSENSE) based on hafnium nanoparticles. It was found that the assay has a turnaround time of a few seconds and has a limit of detection that is 1,000,000,000 times greater than the COVID-19 tests that are currently on the market.

Increasing research to develop new techniques for the detection of COVID-19 virus, expected to drive the growth of hyperspectral imaging market. For instance, according to the Dimension publication, in 2020 a research proposal is been proposed for COVID-19 real time detection through Hyperspectral Analysis of Sweat Metabolite Biometrics. The proposed study will develop a new hyperspectral imaging technique to obtain sweat metabolites specifically impacted by COVID-19 to be processed through pattern recognition strategies.