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Optical Imaging Market by Technique by Product by Therapeutic Area, by Application - Global Forecast to 2020

Optical Imaging Market: Global Forecast until 2020

  • February 2016
  • 201 pages
  • ID: 3606763
In this report:
In 2014, the ophthalmology segment accounted for ##.##% of the global optical imaging market; this market segment is expected to grow at the highest CAGR of ##.##% during the forecast period
This segment is poised to grow at a CAGR of around ##%- ##% in the next five years The hospitals & clinics end-user segment accounted for a major share of ##% to ##% of the global optical imaging market in 2014

Summary

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The overall optical imaging market is anticipated to grow at a strong Compound annual growth rate of 12.10 percent during the forecast period of 2015-2020 and is expected to be worth 1.75 billion by 2020. The sector is mainly influenced by the growing research activities in the pharmaceutical and biotechnology markets; increasing demand for non- invasive and safer modalities for therapeutic and diagnostic applications due to rising healthcare awareness; and successful application of optical imaging technologies in medical diagnostics and therapeutics. Nevertheless, high cost and extensive data requirements for launching new technologies, stringent regulation for medical devices, reimbursement challenges, lack of data validation, and shortage of skilled operators are hampering the increase of this market.

In this business report, the overall optical imaging market is broken down by techniques, products, applications, final users, and territory. The optical imaging market is primarily classified by techniques into Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy, and Photoacoustic Tomography. The optical imaging products market includes imaging systems, cameras, software, lenses, illumination systems, and other optical imaging products. The imaging systems market is further sub-divided into optical imaging systems and spectral imaging systems.

During the forecast period the OCT technique will continue to dominate the optical imaging market. OCT is increasing primarily due to its successful clinical applications especially in ophthalmology. Moreover, increasing demand of optical imaging technology in pharmaceutical and biopharmaceutical sectors for drug formulation and other usages is also anticipated to drive the rise of the optical imaging market during the estimate period.

By 2020, North America continent provides to the biggest share to the overall optical imaging market, succeeded by Europe (EU), Asia Pacific (APAC), and RoW. Developed geographies such as North America (NA) and EU are likely to grow at a lower Compound annual growth rate as distinguished to the Asia-Pacific market. The Asia- Pacific area is forecast to have the quickest market increase during the outlook period, largely driven by the growing research funding form government and private investors and increasing number of research laboratories.

The main players in the optical imaging market contain Carl Zeiss Meditec AG, Topcon Medical Systems, Incorporated, Bioptigen, Incorporated, St. Jude Medical, Philips N.V., Canon, Incorporated, Perkinelmer, Incorporated and others.

Carl Zeiss Meditec AG, Topcon Corporation, and Canon, Incorporated, are the key players in the overall optical imaging market in 2014. St. Jude Medical, Incorporated and Philips N.V., both have a robust portfolio for optical imaging products. These actors have an extensive experience and expertise in OCT technology. On the other hand Carl Zeiss Meditec AG has a strong geographical presence with business operations in different geographies across the world containing, Europe (EU), North America continent, Latin America area, Asia area, Middle East (ME), and African continent together with its strong optical imaging product portfolio.

Reasons to Buy the Report

The study will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector which in turn would benefit the organizations in garnering a greater market share. Companies obtaining the analysis could use any one or combination of the below mentioned five strategies (Sector entry, Product improvement/Innovative projects, Sector development, Business diversification, and Opposing assessment) for reaping a larger market share.

This industry report offers business insights on these pointers:

- Business entry: Highlighted information on product types provided by the top actors in the optical imaging market. The market research examines the optical imaging market by technique, product, application, and end user across all areas.

- Product improvement/Innovative products: In-depth understanding on the next trends, Research&development activities, and recent product launches in the optical imaging market.

- Industry development: Comprehensive information of the lucrative emerging sectors by technique, product, application, end-user, and area.

- Industry diversification: Exhaustive information of new products, increasing regions, recent evolutions, and market investments in the overall optical imaging market.

- Opposing assessment: Detailed assessment of market shares, increase strategies, products, distribution networks, and manufacturing competences of the key players in the overall optical imaging market.

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