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Global Optical Imaging Market Insight 2021-12-30 Comments

Product:Optical Imaging

The market for optical imaging is forecast to develops rapidly over the next five years. According to the World Knowledge Information (WKI) “Global Optical Imaging Market Insight 2021, Forecast to 2026”, The optical imaging market offers powerful modalities for molecular imaging in clinical diagnostics and preclinical research in various therapeutic areas. Rising aging population, increase in R&D activities in the life sciences sector, and growing demand of optical imaging techniques in drug discovery processes and preclinical research are expected to propel the growth of this market. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 10.25% base on WKI regression analysis model.

Analyst view:

“Optical imaging has surpassed the radiology imaging market due to its numerous advantages, but its high cost, insufficient reimbursement, lack of skilled technicians and other factors limit its market development.”, said Terry, Senior analyst, Medical Equipment Market Research Center in WKI,” However, with the continuous progress and improvement of medical policies in various countries, it will bring new opportunities to the global optical imaging market. The global market must gain more market share under the driving factors. Therefore, market participants are required to abide by economic rules. Strengthen own capabilities.”.

Related market information:

Optical imaging market is in emerging state mainly due to the use of non-ionizing radiations which reduces the radiation expose of patients. Also optical imaging has potential to differentiate between soft tissues using various properties of photons like absorption or scattering at different wavelengths. Furthermore, optical imaging is combined with different imaging techniques such as MRI or X-rays which provides enhanced images that is very useful for the study of complex diseases. Also, optical imaging can measure different properties of tissues and organs by using various colors of light with different wavelengths. However, factors such as high cost associated with the imaging process, stringent government policies and lack of skilled technicians are impeding the market growth

Company:

Some prominent players in the global optical imaging market are Topcon Medical systems, Inc. (U.S.), St. Jude Medical, Inc. (U.S.), Carl Zeiss Meditec AG (Germany), and Bioptigen, Inc. (U.S.), Heidelberg Engineering, Inc. (U.S.), Headwall Photonics, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Optovue, Inc. (U.S.), DermaLumics (Spain), Michelson Diagnostics (U.K.), AGFA Healthcare (Belgium), and Santec Corporation (Japan).
Type and Application

On the basis of technique, the market is segmented into Optical Coherence Tomography (OCT), Hyperspectral Imaging (HSI), Near-infrared spectroscopy (NIRS) and Photoacoustic Tomography (PAT). The optical coherence tomography (OCT) segment accounted for the largest share of the global market. A major share of OCT segment can be attributed to its wide and successful clinical applications in ophthalmology especially for glaucoma and retinal imaging. OCT segment will continue to dominate this market by 2026, growing at a double-digit CAGR during the forecast period.

On the basis of product, the market is segmented into imaging systems, cameras, software, imaging lenses, illumination devices, and others. The imaging systems segment is further segmented into OCT systems and spectral imaging systems. Furthermore, on basis of therapeutic area, market is classified into ophthalmology, neurology, oncology, cardiology, dermatology and others. By application, the market is segmented into pathological imaging and intraoperative imaging. By end user, the market is segmented into hospitals and clinics, research laboratories, and pharmaceutical and biotechnology companies.
Geography:

In terms of geography, the global optical imaging market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America represented the largest regional market for global market in 2020, followed by Europe, Asia-Pacific. North America and Europe regions are expected to witness a healthy growth rate in coming years owing to the rising geriatric population along with increasing incidences of associated disorders related to eye, heart & skin and increasing research activities in pharmaceutical and biotechnology industries. On the other hand, the Asia Pacific region represents the fastest growing market for optical imaging products. The high growth rate in Asia-Pacific market is primarily attributed to the rising need for safer imaging modalities in the region, increasing healthcare awareness, increasing R&D budgets and growing number of research laboratories in the region.

CAGR: 10.25%
Largest share area:North America
Largest share country:the United States