North America Market Statistics
North America industry is predicted to account for largest revenue share of 33% by 2037. The presence of the top companies in the region provides end users with customized solutions, for instance, 3D modelling and animation. For example, in November 2020, enterprise imaging platform Visage Imaging Inc. unveiled an enhanced version of Visage 7 Live Connect that allows end users to communicate seamlessly in real time.
The market in the United States is anticipated to grow on account of increasing demand for 3D imaging across all end-user industries as high-resolution images are used by industry professionals for remote monitoring.
The government authorities in Canada are supporting investment in research and development to boost market growth. The need for medical imaging is growing faster than the overall population due to an increase in the aging population, which supports the market's expansion. Canada healthcare facilities have been implementing 3D imaging technology in recent years to improve the precision and effectiveness of their diagnostic procedures.
APAC Market Analysis
3D imaging market size for Asia Pacific region is projected to exceed USD 150.0 billion by the end of 2037. The major factor boosting market growth in the region is the increasing penetration of smartphones and other entertainment devices. Smartphone scanners and other 3D imaging apps make it simple for users to take pictures of objects and turn them into digital representations. Furthermore, the growing number of cancer patients in countries like China is driving demand for 3D imaging. In the year 2022, 2.5 million cancer cases were recorded in China. This has impelled China's government to spend money on cutting-edge imaging technologies like nuclear imaging.
Demand in India has been bolstered by the increasing use of 3D imaging technologies by medical research institutes. Furthermore, a variety of end users are adopting this technology at an increasing rate due to government initiatives like Digital India.
Increasing utilization of smartphones and other electronic gadgets is expected to drive market growth in Japan. Furthermore, the growth of the manufacturing, media and entertainment, healthcare, and automation sectors are the main drivers of the market's expansion in Japan.
Author Credits: Abhishek Verma
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