Improved imaging and better visualization are two of the key features of 3D imaging technology that have driven its demand in and adoption by various industry verticals. In the healthcare and medical sectors, 3D imaging technology has tremendously improved diagnosis and overall patient care by offering superior imaging solutions that meet specific and complex medical requirements.
Carefully studying the factors that drive and impede the growth of the global 3D imaging market, Transparency Market Research states that the surging demand for 3D imaging technology in the medical and healthcare industry is one of the most significant factors fueling the global market. Expanding at a remarkable CAGR of 26.80% from 2015 to 2021, the 3D imaging market is anticipated to rise from a value of US$3.5bn in 2014 to US$17.9 bn by 2021.
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Other factors positively impacting the global 3D imaging market include:
North America Driving Global 3D Imaging Market
Based on geography, the worldwide market for 3D imaging is divided into Asia Pacific, Europe, North America, and Rest of the World. While North America and Europe jointly held a share of more than 70% in the global 3D imaging market in 2014, North America is the leading regional market and will continue to retain its lead through 2021. Asia Pacific, on the other hand, is projected to expand at the most rapid pace from 2015 to 2021 thanks mainly to the leading technological advancements in the field of 3D imaging.
3D Scanning Most Dominant Application of 3D Imaging
By application, the 3D imaging market is segmented into image reconstruction, layout and animation, 3D modeling, 3D rendering, and 3D scanning. In 2014, 3D scanning dominated the overall market and held the largest share in terms of revenue generation. One of the most important factors driving this particular segment is the rising prominence of 3D scanning across several application areas such as defense and aerospace, architecture, urban topography, reverse engineering, and mechanical dimension inspection.
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Some of the leading players competing in the global 3D imaging market are Google Inc., Lockheed Martin Corporation, Hewlett-Packard Corporation, Infineon Technologies, GE Healthcare, Konica Minolta, Inc., STEMMER IMAGING Ltd., Panasonic Corporation, Zebra Imaging Inc., and Microsoft Corporation.