Hyperspectral imaging is the process of collecting and processing of information across the electromagnetic spectrum. It is the combination of spectroscopy and digital imaging, implemented to create a spectral based contrast within the image. Hyperspectral images are formed with the help of an instrument called imaging spectrometer. These images are obtained at multiple wavelengths and shaped into a three-dimensional hyperspectral data cube with two spatial dimensions and one spectral dimension

The global medical hyperspectral imaging market will reach nearly USD 300 million by 2030, according to a new market research study by Future Market Insights (FMI), an ESOMAR-certified firm.

A recent market study published by Future Market Insights (FMI) on the Medical Hyperspectral Imaging Market including global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the market, growth prospects are obtained with utmost precision.

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Medical Hyperspectral Imaging Market: Segmentation

The global Medical Hyperspectral Imaging Market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product Type	Hyperspectral Imaging SystemsAccessories
Application	Medical DiagnosisTissue and Cell BiologyDrug DiscoveryOthers
Technology	Visible Hyperspectral ImagingNear-Infrared Hyperspectral ImagingUltraviolet Hyperspectral ImagingShort-Wave Infrared ImagingMid-Wave Infrared Hyperspectral Imaging
End-User	diagnostic centreshospitalsresearch & academic centrespharmaceutical & biotechnology companies
Geography	North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East and Africa

Key Takeaways

• Hyperspectral camera holds the largest market share owing to latest advancements with respect to sensor development
• High preference for accuracy to boost prospects of MHSI in healthcare
• US and Europe to collectively account for nearly 40% revenue share
• India’s growth as a medical tourism hub to create opportunities for market players

“Proven success in North America and Europe is prompting medical hyperspectral imaging market players to shift their priorities to the developing economies. This factor will help in growth of the market between 2020 and 2030” – FMI Analyst

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Key Participant Insights

The players in the medical hyperspectral imaging market include IMEC, Norsk Elektro Optikk, Galileo, Gilden Photonics, Resonon, XIMEA, Gooch & Housego, Chemlmage, Applied Spectral Imaging, Cubert, EVK DI Kerschhaggl, Headwall Photonics, and FluxData.