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Research delivers insight into the 12.1% CAGR for optical imaging market to reach $ 1.75 billion by 2020

Medical Market Research

The global optical imaging market is expected to grow at a strong CAGR of 12.1% during the forecast period of 2015-2020 and is estimated to be worth 1.75 billion by 2020. The market is mainly driven by the increasing research activities in the pharmaceutical and biotechnology industries.

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Optical Imaging Market is mainly driven by growing demand for non-invasive and safer diagnostic modalities; changing demographics of the medical technology sector; and increasing applications of optical imaging technology in translational research and in therapeutic & diagnostic applications.

Substantial growth and rapid technological advancement was experienced by the market in the past few years which had had a positive impact on the overall growth of the market. The market has witnessed new transforming and innovative imaging modalities in the optical imaging techniques market.

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Read More the Top Company Profiles (Overview, Financials, Products & Services, Strategy, & Developments)

  1. St. Jude Medical, Inc.
  2. Carl Zeiss Meditec AG
  3. Bioptigen, Inc.
  4. Topcon Corporation
  5. Canon Inc.
  6. Heidelberg Engineering, Inc.
  7. Headwall Photonics, Inc.
  8. Optovue, Inc.
  9. Perkinelmer, Inc.
  10. Koninklijke Philips N.V.
  11. Agfa-Gevaert N.V.

The global optical imaging market is further divided into four major geographies, North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at country level.

The research report discusses about the key market drivers, restraints, challenges, and opportunities of the global market and its submarkets. In 2014, the optical coherence tomography (OCT) segment accounted for the largest share of the global market.

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North America contributes to the largest share to the global optical imaging market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market.

The Asia- Pacific region is expected to have the fastest market growth during the forecast period, largely driven by the increasing research funding form government and private investors and growing number of research laboratories.

Target Audience

  • Optical Imaging Device Manufacturers and Distributors
  • Healthcare Institutions (Hospitals, Laboratories, Medical Schools, and Outpatient Clinics)
  • Pharmaceutical and Biotechnology Companies
  • Research Institutes
  • Government Associations
  • Market Research and Consulting Firms
  • Venture Capitalists and Investors

Optical imaging market in North America and Europe is growing at a significant growth rate owing to the rising geriatric population and increasing incidence of associated chronic disorders, highly developed healthcare system, immense application scope and the presence of a large number of imaging manufacturing companies.

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Optical imaging market in Japan, China and India is likely to show a significant growth during the forecast period of 2015 to 2020. During the forecast period the OCT technique will continue to dominate the optical imaging market.

OCT is growing primarily due to its successful clinical applications especially in ophthalmology.

Furthermore, growing demand of optical imaging technology in pharmaceutical and biopharmaceutical industries for drug formulation and other usages is also expected to drive the growth of the optical imaging market during the forecast period.

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