24th September 2019: Hyperspectral imaging (HSI) integrates spectroscopy and conventional imaging, to obtain both spectral and spatial data from a sample. Hyperspectral imaging systems market has gained popularity over the years in various fields such as military, industrial, medical, and scientific disciplines. HIS has enabled analysis of the chemical composition of traces and visualization of their spatial distribution. The fast, non-destructive, and non-contact features of hyperspectral imaging systems make it a useful analytical tool for forensic science.
Medical Diagnostics Promote HSI technology
On the basis of application, the market is segmented into remote sensing, military, machine vision, optical sorting, medical diagnostics, and others. Military segment held the largest market share due to the necessity of maintaining data along with component fabrication techniques whereas medical diagnostics is estimated to be the fastest growing segment over the forecast period. Hyperspectral imaging systems provide necessary data for diagnostic that helps in gaining insights on composition, tissue morphology, and physiology.
Hyperspectral imaging systems technology has applications in procedures of gastrointestinal tract, ophthalmology, fluorescence microscopy, wound analysis, cell biology, and vascular systems. Constant innovation and technological advancements to upgrade clarity and accuracy are expected to provide greater opportunities, which has resulted in major companies exploring these possibilities in the coming period.
For instance, ChemImage, a company known for providing services in molecular chemical imaging, is taking initiatives to provide better facilities in healthcare and incorporate advanced visualization in surgery. ChemImage is developing EndoVere®, which is a breakthrough intraoperative endoscope technology that detects tumor key anatomic structures, margins and lesions, and tissue perfusion in surgical procedures.
Market Insights
Increasing demand for hyperspectral imaging systems in various applications of research such as medical diagnostics and life sciences for treatment, screening, and diagnosis of diseases is expected to propel the market growth. On the other hand, high cost associated with cameras is likely to hamper the growth of the market.
Strategies used by companies to expand their market share include product development and innovation. For instance, In January 2018, Specim introduced ‘Specim IQ’, portable camera with an inbuilt scanner, on-board processing, and touch-screen interface. It provides operations in different fields such as art analysis, food analysis, crime investigation, vegetation research, and the health sector. The prominent players in hyperspectral imaging systems market are Headwall Photonics Inc.; Surface Optics Corporation; Resonon, Telops Inc.; Norsk Elektro Optikk AS; Corning Incorporated; Bayspec Inc.; Chemimage Corporation; and Applied Spectral imaging.
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