A research study on the global optical imaging market, published by
Transparency Market Research (TMR), estimates the market to expand at
a healthy CAGR of 10.80% during the period from 2014 to 2020 and
reach a market value of US$2.1 bn by the end of the forecast
period.The research report, titled “Optical Imaging Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020”, states that the global optical imaging market stood at US$1
bn in 2013.
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The increasing incidence of skin-, eye-, teeth-, and other
organ-related diseases is the key driving force behind the rise of
the global optical imaging market, cites the report.The report
analyzes the global optical imaging market on the basis of the
application and techniques of optical imaging. Ophthalmology,
dermatology, dentistry, cardiology, oncology, neurology, and
biotechnology and research are the main application areas of optical
imaging.
The oncology segment is likely to report the fastest growth at a CAGR
of 15.10% over the forecast period. Analysts expect this segment to
generate US$7.4 mn revenue in the overall optical imaging market by
the end of 2020.
Optical coherence tomography (OCT), near infrared spectroscopy
(NIRS), hyperspectral imaging (HSI), and photoacoustic tomography
(PAT) are the major techniques of optical imaging. Among these, the
market for OCT dominates the global market. It occupied a share of
75.7% in 2013 and is projected to expand at a CAGR of 9.70% over the
forecast period, notes the study.
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Asia Pacific, North America, Europe, and the Rest of the World are
the major regional markets for optical imaging in the global arena.
According to the report, North America is leading the global optical
imaging market at present and is closely followed by Europe. The high
penetration rate and growing adoption of advanced optical imaging
technologies have fueled the market for optical imaging significantly
in this region. Analysts expect this market to maintain dominance
over the forecast period.
On the other hand, the optical imaging market in Asia Pacific is
likely to rise at the highest CAGR of 14.50% during the forecast
period. The presence of a huge pool of patients, together with the
soaring demand for innovative as well as advanced diagnostic and
treatment technologies, improving healthcare infrastructure, and the
rapid rise in the disposable income of consumers in this region, is
the prime reason for the extensive growth of the Asia Pacific optical
imaging market, says the study.
Bioptigen Inc., Carl Zeiss AG, Canon, Inc., ChemImage Corp., Headwall
Photonics Inc., Heidelberg Engineering GmbH, Michelson Diagnostics
Ltd., Optovue Inc., NIDEK Co. Ltd., Topcon Medical Systems Inc., and
Topcon Medical Systems Inc. are the key players functioning is the
global optical imaging market, states the research report.
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