With applications across fields such as design, healthcare, entertainment, defense, manufacturing, construction, and a continuously rising set of areas, 3D imaging technologies have been the subjects of extensive research in the past many years. Rapid progress in digital capture, record, and display technologies have led to the development of easy-to-use and 3D imaging solutions continue to revolutionize many industries and operations. In the next few years, 3D imaging solutions will have a major impact on all major industrial segments, from manufacturing to entertainment.
Transparency Market Research states that the global 3D imaging market will expand at an excellent 26.8% CAGR between 2015 and 2021. The market, which was pegged at of US$3.51 bn in 2014, will rise to US$17.99 bn by 2021 at this pace.
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Applications in Healthcare Sector to be Prominent Revenue Generator
The use of 3D imaging techniques and solutions has played a prominent role in the overall development of the medical imaging industry over the past few years. The healthcare industry is presently the leading revenue generator for the global 3D imaging market and is expected to maintain its dominant stance in the global market in future years as well.
Rising prevalence of chronic ailments such as a number of cancers and cardiovascular conditions globally has led to a steep rise in the number of medical diagnostic tests undertaken as well as complex surgeries every year across the globe. In the near future as well, the numbers are expected to witness substantial rise, acting as a major propeller for the global 3D imaging market. The applications of 3D imaging in medical specialty sectors such as obstetrics, gynecology, and dentistry have also significantly increased in the past few years and are expected to drive the market further.
Applications of 3D imaging in the healthcare industry allowed the global 3D imaging market acquire revenues worth US$0.83 bn in 2014. 3D imaging in the healthcare sector is expected to expand at a favorable 26.8% CAGR over the period between 2015 and 2021.
Demand for Industrial Automation and Effective Imaging Modalities in Healthcare Industry to Drive Market
The major driving forces behind the vast growth prospects of the 3D imaging technology is its increased usage in the healthcare and industry automation applications. The healthcare industry, especially, has presented manifold growth opportunities for 3D imaging in areas such as diagnosis, surgery, and research. With the rising demand for effective diagnosis technologies in medical disciplines such as oncology, dentistry, cardiology, and gynecology, the 3D imaging market is expected to gain a major share in its overall revenues from applications across the healthcare industries in the near future.
The rising usage of 3D imaging in machine vision applications across the field of industrial automation is also providing significant growth opportunities for the global 3D imaging market. The use of 3D imaging has enabled significant expansion of automation across manufacturing facilities in the past few years. In the next few years, applications of 3D imaging such as 3D depth perception and non-contacting detection will empower machine vision techniques and thus have a major impact on industrial automation. Industrial applications of 3D imaging accounted for an 18.7% share in the global market’s overall revenues in 2014 and is expected to expand at a massive 27.4% CAGR over the period between 2015 and 2021.