Global Optical Imaging Market Is Projected To Reach $3,865.7 Million By 2030 Registering A CAGR Of 10.8% From 2021 To 2030 | ABBOTT LABORATORIES, CANON INC., CARL ZEISS FOUNDATION (CARL ZEISS MEDITEC AG), CYLITE PTY LTD., DANAHER CORPORATION (LEICA MICROS

The Optical Imaging Market is Segmented by Product (Imaging Systems, Illumination Systems, Lenses, and Software), Application (Ophthalmology, Dentistry, Dermatology, Cardiology, Neurology, Oncology, and Biotechnology and Research), End User (Diagnostic Imaging Centre, Hospitals, and Research Laboratories), and Geography.

Optical imaging systems offer great potential for diagnosis, improving disease prevention and treatment in the healthcare sector. Widening areas of application and increasing preference for noninvasive technology coupled with the rising prevalence of chronic diseases and eye disorders are major factors that are driving the growth of the optical imaging systems market.

The sales of optical imaging systems are projected to rapidly increase as a result of the rising demand for effective solutions and focus on the early detection of diseases. Furthermore, the COVID-19 disease is not only public health crisis and a global pandemic; it has also severely disrupted the global economy and the financial markets.

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Optical Imaging Market Competitor Analysis

Key manufacturers in the market are focusing on securing their position in the market by focusing on carrying out strategic acquisitions, partnerships, and launch of technologically advanced products. Most of these players constantly innovate and develop technologically advanced optical imaging devices and systems, to maintain their position in the global market.

For instance, in July 2021, Topcon Corporation acquired VISIA Imaging S.r.l. The company is an ophthalmic device manufacturer and is headquartered in Italy. Some of the major players operating in the optical imaging systems market:

• St. Jude Medical Inc.
• PerkinElmer, Inc.
• Carl Zeiss Meditec AG
• Koninklijke Philips
• Topcon Corporation
• Bioptigen Inc.
• Canon, Inc.
• Heidelberg Engineering, Inc.
• Optovue Inc.
• Headwall Photonics, Inc.

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the global optical imaging market along with the current trends and future estimations to explain the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
• Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the key segments of the industry helps to understand the application and services of optical imaging used across the globe.
• Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

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Segment Review

By product type, the imaging systems segment dominated the global market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to increase in demand of imaging system, owing to benefits of imaging systems provide over other imaging modalities such as noninvasive nature of optical imaging systems. Furthermore, optical imaging systems significantly reduces patient exposure to harmful radiation. In addition, other factors such as key players are focusing on developing advanced portable devices, which are easier to handle and can be used in various clinical settings. Hence, availability of advanced imaging systems is expected to surge their demand, thereby driving the growth of the market.

On the basis of therapeutic area, the ophthalmology segment exhibited the highest growth in 2020, and is expected to remain dominant throughout the forecast period. This is attributed to extensive application of optical imaging in field of ophthalmology and increase in prevalence of ophthalmic conditions such as macular degeneration and glaucoma, which require the use of optical imaging.

Depending on end user, the hospitals & clinics segment acquired the largest share in 2020, and is expected to continue this trend throughout the forecast period. This is attributed to increase in adoption of optical imaging services by hospitals & clinics as they help in diagnosis of various disease conditions.

Asia-Pacific to Witness the Fastest Growth

• The Asia-Pacific region is expected to be the fastest-growing market, with enormous possibilities. According to a report published by the department of neurology, it is estimated that out of the current population of 13.5 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 of favorable insurance policies, and market growth may be accelerated during the forecast period, owing to which the optical image market may have a positive outlook.
• Furthermore, due to the lower cost of clinical trials and favoring government policies, key players have been setting up their regional headquarters and manufacturing plants in emerging economies, like Singapore, China, Korea, and India, which make a positive growth curve in the optical imaging market, in future.

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Optical Imaging Market Research FAQs

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