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Venkat Reddy
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3D Imaging Market Leveraging Industry 4.0 Trend Besides Revolutionizing Healthcare Sector
The global 3D Imaging Market value attained an impressive mark of $7.5 billion in 2018, and the demand is anticipated to propel at a remarkable CAGR of 22.4%, during the forecast period 2019-2025., 10/15/2019 - The high-resolution visualization features of 3D imaging technology have made it an essential part of the production process and quality control applications in various industries including medical, defense, entertainment, security and surveillance, automation, construction, architecture, media and entertainment, and others. Among these, 3D imaging technology is gaining significant traction from industrial automation owing to its usage in robotics and machine vision applications. With the emergence of Industry 4.0 revolution, there is an increase in the adoption of robots by manufacturers for deploying automation processes. To stay ahead of the curve, manufacturers are harnessing the power of 3D imaging to enable robots with the skill of bin picking, object tracking, and product profiling without any human intervention.

The global 3D Imaging Market value attained an impressive mark of $7.5 billion in 2018, and the demand is anticipated to propel at a remarkable CAGR of 22.4%, during the forecast period 2019-2025.

3D Imaging Market Gaining Maximum Growth from the North America Region—

Geographically, North America held the maximum share in the global 3D imaging market with a demand share of 33.8% in 2018. The increasing adoption of 3D imaging technologies by the healthcare industry in the high economic countries such as the U.S. and Canada is the prime reason behind the boisterous rate of regional growth. Moreover, the healthcare industry in this region is accelerating at high speed, which can be fathomed from the statistics by SelectUSA, according to which the U.S. remains the largest healthcare technology market in the world valued at $156 billion, in 2017 and it is expected to reach $208 billion by 2023.

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Healthcare Sector to Emerge as Leading Application Segment in the 3D Imaging Market—

Based on application, the 3D imaging market is segmented into gaming, industrial, healthcare, automotive, aerospace and defense, and others. Among this healthcare, the segment is expected to generate maximum revenues to the market. This is mainly attributed to the fact that 3D imaging has numerous applications in the healthcare and medical industry. 3D imaging facilitates diagnoses, treatment, and surgical planning and increases clinical productivity.

3D Imaging Market Companies:

The prominent companies in the that are striving to build their brand name in the 3D imaging market are Agilent Technologies, Able Software Corporation, Frontop Digital Technology Co., Google Inc., GE Healthcare Company, Konica Minolta Inc., Apple Inc., and Lockheed Martin Corporation. These key players are adopting business strategies such as mergers, acquisitions, expansions, product launches, partnerships, and joint ventures, to sustain competition and increase their market share.

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