Optical Imaging Market is anticipated to reach USD 8.6 billion, at a CAGR of 18.3% during the forecast period 2021-2031 | Abbott , Topcon Corporation, Canon Inc., PerkinElmer, Inc

The global optical imaging market was valued at USD 1.6 billion in 2021 and it is anticipated to grow up to USD 8.6 billion by 2031, at a CAGR of 18.3% during the forecast period.

Optical imaging has become prevalent in the field of medical imaging over the past few years owing to its vast and constantly expanding applications in various therapeutic areas. Currently scientists and doctors use optical imaging widely for research and clinical purpose.

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Market Trends and Drivers

Technological innovations to drive greater market penetration will fuel the industry growth. Optical coherence tomography (OCT) is a well-established technology, widely used in ophthalmology, employed by eye-care professionals as a tool to help understand and diagnose retinal conditions. Scientists are finding new applications in OCT — in dermatology, aesthetics, and cancer diagnosis & treatment. Over the years, there have been several advancements and innovations in the field of optical imaging. OCT technology has advanced from time-domain OCT to frequency-domain OCT, which offers higher speed and facilitates rapid 3D pullback imaging during the administration of a non-occlusive flush of an optically transparent medium or radiocontrast. Improved scanning speed, resolution, reproducibility, and availability of updated software and normative databases have further expanded the application areas of OCT systems in clinical diagnostics. This has enabled the imaging of cellular structures to the level of nerve fiber layers and ganglion cell complexes. The evolution of newer technologies, including optical coherence tomography angiography (OCTA), has added a whole new level of patient care and management to the spectrum.

Market Restraints and Challenges

Lack of skilled operators may impede the market growth. Optical imaging is a specialized diagnostic imaging technique and needs skilled operators for effective utilization. At present, there is a dearth of skilled operators, especially in developing countries, thus being a major factor limiting the uptake of optical imaging for clinical diagnostic applications. Moreover, the technological landscape of the optical imaging market is changing rapidly, with a growing number of advanced products being launched every year. This necessitates physicians and other healthcare providers to acquire the necessary skills to operate advanced imaging systems effectively. Owing to these factors, physicians and healthcare providers are refraining from adopting advanced imaging systems, thereby affecting the growth of this market.

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Global Optical Imaging Market Segmentation

By Product

  • Imaging Systems
  • Illumination Systems
  • Cameras
  • Lenses
  • Software
Major Players in the Global Optical Imaging Market

The key players in the market Carl Zeiss Meditec AG (Germany), Abbott (US), Topcon Corporation (Japan), Canon Inc. (Japan), PerkinElmer, Inc. (US), Koninklijke Philips N.V. (Netherlands), Heidelberg Engineering (US), Leica Microsystems (Germany), Headwall Photonics, Inc. (US), among others.

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Reasons to buy Optical Imaging Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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