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3D scanning market driven by increased adoption in medical industry

Press Release   •   Aug 01, 2013 09:08 BST

The 3D scanning market has been forecast to increase at a compound annual growth rate (CAGR) of 14.6% over the next five years, increasing from a value of approximately $2 billion at the beginning of 2013, to reach a total of $4.08 billion by the end of 2018.

According to a recent report, '3D Scanning Market: Worldwide Market Forecasts and Analysis 2013-2018,' Asia-Pacific is estimated to dominate the 3D scanning market in 2013 with a value of $538.5 million, and is expected to reach $1,087.3 million by 2018, at a CAGR of 15.1% from 2013 to 2018.

Latin America is expected to grow at a CAGR of 23.2% from 2013 to 2018. The Latin American market will increase from $257.9 million in 2013 to $732.5 million by 2018.

A 3D scanner is a device that analyses a real-world object or environment to collect data on its shape and possibly its appearance (i.e. colour). The collected data can then be used to construct digital, three dimensional models.

3D technology has a wide portfolio of applications. Other than automotive and transportation industry, it contributes to aerospace and defense industry via its use in reverse engineering, quality inspection, prototyping.

3D scanning is being used in various applications (cultural heritage, quality control and others) and services (reverse engineering, inspection and others) in numerous industries. There are many potential applications that need real-time imaging and the ability to penetrate into it.

3D scanning is basically driven by the fact that it provides information with a third dimensional depth. 3D scanning is also being adopted by the medical industry for surgical applications, diagnosis via MRI, and CT scans.

Key players currently dominating the 3D scanning market include Faro Technologies, Konica Minolta, Creaform, Surphaser, Autodesk, 3D Systems, and 3D Digital Corp.

For more information on the 3D scanning market, see the latest research: 3D Scanning Market

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