According to a new report published by K D Market Insights, titled, “Medical Hyperspectral Imaging Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global medical hyperspectral imaging market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The growing research and development environment, increasing applications in the healthcare industry, and the adoption of hyperspectral imaging by pharmaceutical and biopharmaceutical companies which are the major factors augmenting the growth of the global medical hyperspectral imaging market.

Hsi provides valuable spectral and spatial information, enabling healthcare professionals to visualize tissues, identify abnormalities, and make informed decisions regarding diagnosis and treatment. Are further expected to create ample growth opportunities for the global medical hyperspectral imaging market during the forecast period i.e., 2023-2032. Moreover, increasing funding and investments for innovation in hardware and software advancement, is increasing has propelled market expansion. Rising prevalence of chronic diseases, is expected to contribute towards the market growth during the period.

The North America region accounted for the largest share in the global medical hyperspectral imaging market in 2022. The region is further projected to continue dominating in the market and also register the highest CAGR in the market during the forecast period. This can be attributed to the presence of well-established healthcare infrastructure, advanced research facilities, and substantial investments in medical imaging technologies.

According to product type, the hyperspectral imaging systems segment accounted for the largest market share in the medical hyperspectral imaging market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.

The global medical hyperspectral imaging market is segmented into product type, application, technology, end-use and region. Based on product type, the market is bifurcated into hyperspectral imaging systems, hyperspectral imaging accessories. Based on application, it is classified into medical diagnosis, tissue & cell biology, drug discovery, others. Based on technology, it is classified into visible hyperspectral imaging, near-infrared hyperspectral imaging, ultraviolet hyperspectral imaging, short-wave infrared imaging, mid-wave infrared hyperspectral imaging. Based on end use, it is classified into diagnostic centers, hospitals, research & academic centers, pharmaceutical & biotechnology companies.

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The global medical hyperspectral imaging  market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Medical hyperspectral imaging Market

• On the basis of product type, the hyperspectral imaging systems segment accounted for the largest market share in the medical hyperspectral imaging market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
• On the basis of region, North America accounted for the largest share in the global medical hyperspectral imaging market in 2022. The region is further projected to continue dominating in the market during the forecast period.
• On the basis of region, Asia-Pacific is estimated to account for the second largest share in the market during the forecast period.

Some of the major medical hyperspectral imaging companies profiled in the report include IMEC, Norsk Elektro Optikk, Galileo, Gilden Photonics, Resonon, XIMEA, Gooch & Housego, Chemlmage, Applied Spectral Imaging, Cubert, EVK DI Kerschhaggl, Headwall Photonics, and FluxData.