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Emerging Trends to Drive Optical Imaging Market Growth at 16% CAGR Through 2029

06-30-2025 09:01 AM CET | Health & Medicine

Press release from: The Business Research Company

Optical Imaging Market Size

Optical Imaging Market Size

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Optical Imaging Market Size Growth Forecast: What to Expect by 2025?
In recent years, the size of the optical imaging market has seen swift expansion. Predicted to rise from a value of $2.34 billion in 2024 to $2.66 billion in 2025, this represents a compound annual growth rate (CAGR) of 13.7%. This growth over the historical period can be linked to contributory factors such as data analytics and image processing, the integration of consumer electronics, reduced costs and increased accessibility, as well as the involvement of academic, research institutes and industrial applications.

How Will the Optical Imaging Market Size Evolve and Grow by 2029?
In the coming years, the market size for optical imaging is predicted to experience a swift expansion. The market is forecasted to reach $4.82 billion by 2029, with a compound annual growth rate (CAGR) of 16.0%. Factors contributing to this growth during the forecast period include the evolution of the healare industry, an increase in chronic and age-related diseases, a high demand for non-invasive and minimally invasive imaging, and advancements in biophotonics. Key trends for the forecast period encompass regulatory adaptation, investment in research and development, integration with consumer electronics, cost-effectiveness, affordability, and improvements in endoscopic imaging.

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What Drivers Are Propelling the Growth of Optical Imaging Market Forward?
The growth of the optical imaging market is set to be driven by the increasing number of older individuals. Those who are 65 years of age or over are commonly referred to as the geriatric population. The adaptability of optical imaging technology, thanks to its high-definition and multispectral abilities, aids in the diagnosis and treatment of atherosclerosis and similar conditions in older people. Because they employ non-ionizing radiation, optical imaging techniques safeguard against harmful radiation effects, thus leading to their widespread use in hospitals for elderly treatment. As per the statistics published by the World Trade Organization, a US-based international body, by 2050 the world will witness a doubling of the population aged 60 and above to 2.1 billion, compared to the stats of October 2022. By 2050, the population of individuals who are 80 years and older will triple from the 2020 count, hitting a figure of 426 million. Consequently, the rising population of older people is expected to drive the expansion of the optical imaging market.

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Which Emerging Trends Are Transforming the Optical Imaging Market in 2025?
Technological innovations form a critical trend that's becoming increasingly prevalent in the optical imaging market. To stay competitive and gain a significant market share, major market players are introducing state-of-the-art products. For example, in September 2023, Exo, a medical optical imaging startup from the US, unveiled its imaging device, Exo Iris. This mobile ultrasound device amalgamates point-of-care imaging, artificial intelligence, and health IT systems. It is the newest addition to Exo's ecosystem, merging imaging, workflow software, and AI to facilitate widespread adoption of POCUS (Point Of Care Ultrasound). Exo Iris provides immediate answers at the point of care, offering healare professionals - from doctors and nurses to EMTs (Emergency Medical Technician), and clinicians in emergency, acute care, outpatient, and home settings - a glimpse into the human body.

What Are the Key Segments in the Optical Imaging Market?
The optical imaging market covered in this report is segmented -

1) By Product: Imaging Systems, Cameras, Software, Other Products
2) By Application: Pathological Imaging, Intra-operative Imaging
3) By End-User: Hospitals And Clinics, Research Laboratories, Pharmaceutical And Biotechnology Industry

Subsegments:
1) By Imaging Systems: Fluorescence Imaging Systems, Multispectral Imaging Systems, Hyperspectral Imaging Systems
2) By Cameras: CCD Cameras, CMOS Cameras, Scientific Cameras
3) By Software: Image Analysis Software, Visualization Software, Processing Software
4) By Other Products: Light Sources, Optical Filters, Lenses And Accessories

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Who Are the Key Players Shaping the Optical Imaging Market's Competitive Landscape?
Major companies operating in the optical imaging market are PerkinElmer Inc., Carl Zeiss Meditec AG, Koninklijke Philips N.V., Topcon Corporation, Bioptigen Inc., Canon Inc., Heidelberg Engineering Inc., Optovue Inc., Headwall Photonics Inc., Agfa-Gevaert N.V., Hamamatsu Photonics K.K., Hitachi Medical Corporation, Imalux Corporation, Infraredx Inc., Bruker Corporation, ChemImage Corporation, Cytoviva Inc., Leica Biosystems Nussloch GmbH, Michelson Diagnostics Ltd., Raytheon ELCAN Optical Technologies, Santec Corporation, Danaher Corporation, Thorlabs Inc., Tomophase Corporation, Ziemer Ophthalmic Systems AG, Axsun Technologies, Bioptics Inc., Andor Technology Ltd., Abberior Instruments GmbH

What Geographic Markets Are Powering Growth in the Optical Imaging Market?
North America was the largest region in the optical imaging market in 2024. The regions covered in the optical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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