According to the latest research findings by the independent London-based global research firm TechNavio, North America is dominating more than 30 percent of the Global 3D Scanning Market. This is for the forecast period 2014-2018.
As per research analysis, several factors are responsible for the growth of North America in this market. Increasing usage of surgical appliances and diagnostic centers having MRI and CT scan facilities in most healthcare organizations for treating age-old patients is one such factor, which is driving the growth in this region. In addition, most of the vendors in the Global 3D Scanning market are headquartered out of North America, thereby increasing the innovations of scanning in this region.
According to one senior analyst and co-author of this report,“The 3D Scanning market in North America valued at US$684.21 million in 2013, will be growing at a CAGR of 10.53 percent during the forecast period. Federal investment in printing techniques and scanning processes are providing an impetus to scanning providers to adopt new technology and innovation. However, due to the high initial investment and increasing privacy concerns, the market will be growing at a moderate rate during the period 2014-2018.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
TechNavio (technavio.com) is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global 3D Scanning Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio (technavio.com) has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.