Optical Imaging Market by Product (Imaging Systems, Illumination Systems, Lenses, and Softwares), Application (Ophthalmology, Dentistry, Dermatology, Cardiology, Neurology, Oncology, and Other Applications), End User (Hospitals, Diagnostic Imaging Centers, and Research Laboratories): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027066 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed the US$ 1.77 billion mark in 2022 and is expected to hit US$ 4.76 billion by 2030, recording a CAGR of 13.1% during the forecast period.

The rising geriatric population will result in the high adoption of optical imaging.

Optical imaging is an emerging field that has tremendously impacted the global healthcare industry by providing operative and reasonable healthcare. Other factors, including the increasing elderly population, surging research & development activities in the pharmaceutical sector, and expanding applications of optical imaging techniques in drug discovery processes and preclinical research, are propelling the growth of this market. Increasing trends toward developing multimodal imaging systems and growing applications in drug discovery, clinical diagnostics, molecular imaging, and OCT angiography devices are the key trends in this market. In 2021, the software segment dominated the optical imaging market. Optical imaging software allows documentation, improvement, and determination of images developed through various imaging systems. Most software is developed to give visualization and quantitative evaluation of volumetric data accumulated during the imaging process.

Within the report, the market is segmented into product, application, end-user, and geography. The market is segmented by product into imaging systems, illumination systems, lenses, and softwares. The market is segmented by application into ophthalmology, dentistry, dermatology, cardiology, neurology, oncology, and other applications. Based on end-user, the market is segmented into hospitals, diagnostic imaging centers, and research laboratories. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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OCT segment holds the largest market share by product

Optical imaging is a rapidly evolving medical imaging technology that uses light spectrum to assess the optical properties of several body structures. This developing technology represents a huge opportunity for enhancing disease prevention, medical diagnosis and management, life science, and clinical research. In 1996, Carl Zeiss Meditec AG launched optical coherence tomography-based imaging devices; the world established its first optical imaging solution. Since its advent, there have been enormous technological progressions in this field, and several new technologies have been introduced in the global optical imaging market.

Optical coherence tomography (OCT) is utilized in various areas of research & clinical applications. The OCT allows high-resolution cross-sectional imaging of tissue structures on the micron scale in real-time and in laboratories. OCT is a three-dimensional non-invasive real-time imaging modality based on advanced photonics and fibre optics technologies. The OCT technique commanded the largest global optical imaging market share, mainly attributed to emerging technological advancements. By OCT imaging of optically scattering, non-transparent tissues have become possible. It has enabled the use of OCT in various biomedical applications.

Increasing applications in the pharmaceutical industry is a major factor driving the growth

Optical imaging is widely used to monitor disease progression during treatment and understand treatments' efficacy. Moreover, it is also used in preclinical activities to gain enhanced knowledge about protein interaction, degradation of proteins, and their proteolytic activity. With a wide range of applications, biotechnological and pharmaceutical companies demand optical imaging is rapidly increasing. In addition, rising strategic alliances such as collaborations, partnerships, mergers, and acquisitions among research institutes and companies are increasing the number of clinical studies; this is expected to provide greater revenue growth opportunities for market players in the coming years

Recent strategic developments in the optical imaging market

The optical imaging market has undergone several significant developments, and a few of these have been mentioned below:

  • In January 2021, Koninklijke Philips partnered with Rennes University.
  • In December 2020, Carl Zeiss partnered with VIVO.
  • In November 2020, Leica Microsystems launched Enfocus (Intra-operative OCT Solutions).
  • In October 2019, Canon opened its Middle East Division in Dubai.

Several players drive the optical imaging market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Agfa-Gevaert Group; Koninklijke Philips N.V.; PerkinElmer Inc.; Optovue, Incorporated; Surface Optics Corporation; TOPCON CORPORATION; Leica Microsystems; Carl Zeiss Meditec AG; Heidelberg Engineering GmbH are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Service providers
  • Market-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Optical imaging distributors and sales firms
  • End users of medical devices
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • By Product:
    • Imaging Systems
    • Illumination Systems
    • Lenses
    • Softwares
  • Application:
    • Ophthalmology
    • Dentistry
    • Dermatology
    • Cardiology
    • Neurology
    • Oncology
    • Other Applications
  • End-user:
    • Hospitals
    • Diagnostic Imaging Centers
    • Research Laboratories
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Agfa-Gevaert Group
    • Koninklijke Philips N.V.
    • PerkinElmer Inc.
    • Optovue, Incorporated
    • Surface Optics Corporation
    • TOPCON CORPORATION
    • Leica Microsystems
    • Carl Zeiss Meditec AG
    • Heidelberg Engineering GmbH

The List of Companies
- Agfa-Gevaert Group
- Koninklijke Philips N.V.
- PerkinElmer Inc.
- Optovue, Incorporated
- Surface Optics Corporation
- TOPCON CORPORATION
- Leica Microsystems
- Carl Zeiss Meditec AG
- Heidelberg Engineering GmbH

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