Optical Imaging Market Development | Industry Report 2020

According to the new market research report Optical Imaging Market
is expected to reach USD 1,749.2 million by 2020. The market was valued
at USD 989.0 million in 2015 and is expected to grow from 2015 to 2020.

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In this report, the global optical imaging market is segmented by
techniques, products, applications, end users, geographic regions, and
countries. It also discusses the key market drivers, restraints,
opportunities, trends, and challenges of this market and its
sub-markets.

In 2013, North America accounted for the largest
share of the global optical imaging market, followed by Europe and
Asia-Pacific. Greater uptake of optical imaging products and the
presence of large number of optical imaging products manufacturers in
the North American and European region has led to their large market
share in the optical imaging market. However, the Asia-Pacific region
represents the substantial growth opportunity for the optical imaging
market during the forecast period of 2015 to 2020. The growth in this
region is primarily driven by increased focus on healthcare growth in
geriatric population, rising per capita income, increasing investments
in the APAC healthcare industry by key market players, rising demand for
cutting-edge technologies, and low labor costs.

he growing
demand for noninvasive and radiation-free imaging modalities in the
end-user markets, and an increase in R&D activities involving
optical imaging technology in the pharmaceutical and biotechnology
sector are fuelling the growth of this market. Moreover, the increasing
focus towards the development of biopharmaceuticals and the widening
applications of optical imaging techniques in this industry are also
contributing to the growth of the optical imaging market.

In the
techniques segment, optical coherence tomography (OCT) accounted for the
largest market share—84.5%— in 2013. This can be attributed to the
successful application of OCT in variety of medical diagnostics
procedures, especially in the field of ophthalmology and cardiology.
Moreover, the growing application of optical imaging techniques for
preclinical research is expected to boost its adoption during the
forecast period.

Asia-Pacific region represents one of the
fastest growing markets for optical imaging technologies during the
forecast period. A majority of the growth in this market will be driven
by the growing health awareness in the region, rising need for safer
imaging modalities, growth in the pharmaceutical and biotechnology
sectors, and the increase in number of research laboratories in Asia,
especially in Japan and India. Countries like China, Singapore, and
Malaysia are also witnessing rapid technological growth, which is
expected to boost the Asian optical imaging market during the forecast
period

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The
prominent players in the optical imaging market include Carl Zeiss
Meditec AG (Germany), Bioptigen, Inc. (U.S.), Topcon Medical Systems,
Inc. (U.S.), St. Jude Medical, Inc. (U.S.), Canon, Inc. (U.S.), and
PerkinElmer, Inc. (U.S.),