Feb 4 2015
Research and Markets has announced the addition of the "Optical Imaging Market by Technique, Product & by Application - Global Forecasts to 2019" report to their offering.
Over the last decade, the optical imaging market has grown, primarily due to the widening applications of optical imaging techniques, the increased demand for safer and noninvasive imaging modalities, and a rising need to minimize the use of radiation in diagnostic imaging. The fast-growing pharmaceutical and biotechnology industries are also catalyzing the growth of the optical imaging market.
In this report, the global optical imaging market is segmented by techniques, products, application, end users and geography. The optical imaging market is mainly classified by techniques into Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy, and Photoacoustic Tomography. The optical imaging products market covers Optical Imaging Systems, Optical Imaging Cameras, Optical Imaging software, Imaging Lenses, Illumination Systems, and other optical imaging products. The optical imaging systems market is further subdivided into OCT Imaging Systems, and the Spectral Imaging Systems/ Spectral Imagers segments.
The global optical imaging market is expected to grow at a strong CAGR of 12.7% from 2014 to reach $1,669.2 million by 2019. The market is mainly driven by increasing research in the pharmaceutical and biotechnology segments, a growing demand for noninvasive modalities for therapeutic and diagnostic applications due to increasing healthcare awareness, and the successful application of optical imaging technology in medical diagnostics and therapeutics in the end-user markets. However, the high cost and data requirements, stringent regulations regarding medical devices, reimbursement challenges, lack of data validation, and operator skills are hampering the growth of this market.
During the forecast period, the OCT segment will continue to dominate the optical imaging market. OCT is growing primarily due to its successful clinical applications, especially in ophthalmology. Furthermore, the growing demand for optical imaging in pharmaceutical and biopharmaceutical industries for drug formulation and other usages is also expected to drive the growth of the optical imaging market.
By 2019, North America is expected to contribute the largest share to the global optical imaging market, followed by Europe, Asia-Pacific, and RoW. However, developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to Asia-Pacific. The Asia-Pacific region is expected to show the fastest market growth during the forecast period, largely driven by increasing research funding from government and private investors, and the growing number of research laboratories in the region.
Major players in this market include Carl Zeiss Meditec AG (Germany), Topcon Medical Systems, Inc. (U.S.), Bioptigen, Inc. (U.S.), St. Jude Medical (U.S.), Volcano Corporation (U.S.), Canon, Inc. (Japan), and PerkinElmer, Inc. (U.S.).