The global 3D imaging surgical solution industry is anticipated to hit the US$2,450.4 million mark with a 7% CAGR by 2033, according to a study by Future Market Insights (FMI). The predicted value of the industry size in 2022 was US$1,164.2 million. These predictions are based on the current trends in the market, as observed by FMI.
The net worth of total demand for 3D Reconstruction Technology services in the present year is expected to reach US$1,245.65 million, with a predicted growth rate of 7% from 2023 to 2033. By the end of the forecast period, the market valuation is expected to reach US$2,450.4 million.
3D Reconstruction Technology has traditionally been used by infrastructure and machinery designing companies for perspective. However, applications have expanded to many other industries with recent advancements. The rising trend for digital experiences and virtual imaging of actual monuments is expected to further develop the market.
The United States is the leading region for the adoption of 3D Reconstruction Technology in various industries, contributing to more than 30% of the revenue generated by the global market in 2022. The 3D Reconstruction Technology software segment dominates over the services segment, contributing to around 70% of the total market revenue in the year 2022.
Large enterprises still hold a significant amount of the total demand for 3D Reconstruction Technology, although small and medium enterprises (SMEs) are gaining traction at a high annual rate of 7.8%. The construction & architecture segment leads in the application of 3D Reconstruction Technology, with a market share of 25%, and there has been significant growth in the application of 3D printing technologies in the healthcare sector.
In the competitive landscape, major players in the global 3D Reconstruction Technology market are working together with local and regional players to increase their customer base, which is expected to help them obtain an advantage over their competitors. The industry is highly concentrated, as only a few prominent competitors are controlling sizable market shares. This has given them an edge, thanks to their capacity for ongoing innovation in the field.
Major players in the 3D Reconstruction Technology market include Agisoft PhotoScan, RealityCapture, Acute3D, Koninklijke Philips NV, Vi3Dim Technologies, Photometrix Photogrammetry Software, Paracosm, Matterport, Inc., Realsense (Intel) Corporation, Mensi, PhotoModeler Technologies, Airbus S.A.S., and others.
In terms of key developments in the market, RSIP Vision Company announced the launch of a tool for 3D reconstruction of the ureter in October 2022, while Skyline Software Systems Inc. partnered with a leading engineering and survey company in Japan to introduce a cutting-edge 3D GIS desktop viewer for a high-resolution 3D view. Preimage also revealed a seed fundraising round in September 2022 to expand the development of its 3D reconstruction product.
The market segmentation includes components such as 3D Reconstruction Technology Software and 3D Reconstruction Technology Services, types including 3D Reconstruction Technology Based on 3D Reconstruction Software, Images & Video, and 3D Scanning, construction methods – Active 3D Reconstruction and Passive 3D Reconstruction, enterprise sizes – Large Enterprises and Small & Medium Enterprises (SMEs), and deployment models – On-premise 3D Reconstruction Technology and Cloud 3D Reconstruction Technology.
The future of the 3D Reconstruction Technology market is promising, as it continues to expand and diversify its applications across various industries. With the right innovations and strategic partnerships, the market is poised for significant growth in the coming years.
[Note: This blog post was written by Sabyasachi Ghosh, Associate Vice President at Future Market Insights, Inc., who holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries.]
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