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Headwall Photonics Inc. Introduced Sensor Payloads Consisting Of Hyperspectral Sensors and Lidar Instruments in The Hyperspectral Imaging Market: Market to Grow at a 19.4% CAGR - Forecast to 2026

07-28-2021 12:48 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Headwall Photonics Inc. Introduced Sensor Payloads Consisting

Hyperspectral imaging combines the benefits of traditional x-ray technology with modern imaging technology, providing a non-invasive way to view the inside of the human body, called voxels. Unlike computed tomography (CT) or magnetic resonance imaging (MRI), hyperspectral imaging uses a different method to create a detailed image of soft tissues, rather than using radio waves or infrared light. It is often used to evaluate and monitor a patient's response to a treatment or procedure.

Increasing application in end-user industries such as healthcare, research and development, the defense sector, and the food industry is driving the growth of the hyperspectral imaging market. Also growing used in emerging applications such as remote sensing and night vision is again uplifting the growth of the market. In the healthcare sector, it finds application in imaging, ophthalmology, tissue diagnosis, and gastrointestinal tract procedures. Cell biology and fluorescence Microscopy are some of the other applications of hyperspectral imaging. Thus, the wide application of this technology is expected to propel the growth of the hyperspectral imaging market. A growing number of product approvals and distribution grants are further augmenting demand for hyperspectral imaging systems. For instance, in April 2018, HyperMed Imaging, Inc. received the CE Mark approval for the distribution of its HyperView medical imaging system in Europe.

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Globally, the prominent players in the Hyperspectral Imaging market are as follows:
Headwall Photonics
Resonon
Specim Spectral Imaging
IMEC
Surface Optics
BaySpec
Brimrose
Zolix
Wayho Technology

By Type:
Visible/Near-Infrared (VNIR)
Short-Wave Infrared (SWIR)
Mid-Wave Infrared (MWIR)
Long-Wave Infrared (LWIR)

By Application:
Defense and Surveillance
Environment Testing and Mining
Food and Agriculture
Life Science and Medical Diagnostics

In June 2018, Headwall Photonics Inc. introduced sensor payloads consisting of hyperspectral sensors and lidar instruments for the unmanned aerial vehicle (UAV) platform.

In February 2017, Headwall Photonics set up a new facility in Boston, the U.S. for its advanced imaging sensor products. According to the company, this expansion will help them achieve growth in three core areas: medical and biotechnology, remote sensing, and machine vision.

In March 2021, LA and Bangalore-based space startup Pixxel has closed a $7.3 million seed round, including newly committed capital from Techstars, Omnivore VC, and more. The company has also announced a new product focus: hyperspectral imaging.

In August 2018, HinaLea Imaging, an international solutions provider of hyperspectral imaging technology, announced the launch of a new Model 4200 Wide-Field Hyperspectral Camera, building on its successful product line of innovative intelligent hyperspectral imaging solutions.

North America is expected to hold a dominant position in the global hyperspectral imaging market owing to the increasing number of partnerships and collaboration among key players in the region. For instance, in July 2018, SANUWAVE Health, Inc. announced a partnership with HyperMed. The collaboration will include SNUWAVE utilizing HyperMed’s Hyperview spectral imaging device to measure oxyhemoglobin level, deoxyhemoglobin level, and oxygen saturation in superficial tissue.

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