Global Optical Imaging Market report examines the market position and viewpoint of the market globally, from various angles, such as key players, geological regions, types of product and application. And also cover the other information such as Optical Imaging Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2022.
Global Optical Imaging Market – Overview
The Global Optical Imaging Market is expected to be of value USD 1.92 Billion in 2023 and to grow at a depict 10% CAGR during the forecast period. Optical imaging is a non-invasive technique in which light is used to interrogate cellular and molecular function in the living body by exploiting the special properties of photons. This market is mainly driven by rising demand for non-invasive procedures, harmful effects of radiation-based imaging, increase in research and development activities in the life sciences sector, and increasing application of optical imaging techniques in drug discovery processes and preclinical research, Moreover factors such as rising geriatric population which leads to increase in cardiovascular, neurological and ophthalmic disorders is also fueling the growth of this market.
However, factors such as stringent regulatory approval procedures high costs of instruments, scarcity of skilled operators, and insufficient reimbursements policies for optical imaging procedures restrict market growth.
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Optical Imaging Market – Leading players
- Jude Medical, Inc.
- Carl Zeiss Meditec AG
- Bioptigen, Inc.
- Canon Inc
- Heidelberg Engineering, Inc.
- Topcon Corporation
- Perkinelmer, Inc.
- Koninklijke Philips N.V.
- Agfa-Gevaert N.V.
Global Optical Imaging Market – Regional Analysis
Americas is going to hold the largest share for optical imaging market owing to increasing prevalence of cardiovascular, neurological and ophthalmic disorders about rising geriatric population which is a major trigger factor for this disease. Additionally, factors such as increasing government initiatives and funding for research in medical devices sector, rising demand for accurate diagnosis, awareness about adverse effects of radiation imaging, ability to provide in-depth images of soft tissues and vascular systems and presence of pharmaceutical giants key players also propel the market growth in this region. For instance, according to National cancer institute, in 2016, around 1,685,210 new cases of cancer were diagnosed in the U.S. Thus, this rising patient pool is going to boost up the market growth during the forecast period.
Europe is the second largest market and holds a healthy share in the global optical imaging market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, good healthcare infrastructure and flourishing medical device industry due to the presence of major market players. Additionally, knowledge about the benefits of optical imaging over radiation imaging and capability of inhabitants to afford the diagnostics is spurring the market growth.
Asia Pacific is expected to be the fastest growing market with most promising growth possibilities. According to a report published by the department of neurology in 2014, it is estimated that for the current population of 1.27 billion, approximately 30 million people suffer from neurological disorders in India. Thus, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, availability favorable insurance policies market growth will be accelerated during the forecast period.
The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of healthcare industry and rising availability of specialty care centers.
Global Optical Imaging – Market Segmentation
Global Optical Imaging Market, by Product
- Imaging systems
- Optical Imaging Systems
- Spectral Imaging Systems
- Illumination systems
Global Optical Imaging Market, by Techniques
- Optical Coherence Tomography (OCT)
- Photoacoustic imaging
- Diffused optical tomography
- Hyperspectral imaging
- Near-Infrared Spectroscopy
- Super-resolution microscopy
Global Optical Imaging Market, by Therapeutic Area
Global Optical Technologies Market, by Applications
- Pre-clinical and clinical research
- Pathological imaging
- Intra-operative Imaging
Global Optical Imaging Market, by End-user
- Hospitals & Clinics
- Diagnostic Imaging Centers
- Research Laboratories
- Pharmaceutical and Biotechnology Companies
Global Optical Imaging Market, By Region
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Republic of Korea
- Rest of Asia Pacific
Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- Rest of the Middle East & Africa
- Pharmaceutical Manufacturers and Suppliers
- Medical Research Laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
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TOC of Optical Imaging Market Research Report – Global Forecast to 2023
- Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
- Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
- Market Dynamics
4.5 Macroeconomic Indicators
- Market Factor Analysis
Key Questions Answered In This Report?
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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