Optical Imaging Market

Date: 2016-05

IndustryARC classifies optical Imaging technologies into Optical Coherence Tomography (OCT), Photo-Acoustic Tomography (PAT), Hyper Spectral Imaging (HSI) and Near-Infrared Spectroscopy (NIRS). These technologies are expected to drive the global optical imaging market for the coming five years. Currently, the market of optical imaging dominated by OCT technology which was valued approximately $1.2 Billion in the year 2013. Carl Zeiss and St. Jude Medical are the pioneers of this technology and almost every set up comes with OCT technology. HSI, NIRS and PAT are emerging technologies in the optical imaging market with a few players in the market.

The Global Optical Imaging Market is estimated to be growing at a CAGR 11.3% from 2014 to 2020 to reach revenue of $1.9 Billion in 2020.

The demand for optical imaging systems in the hospitals and clinics has increased significantly in order to enhance the quality of healthcare services delivered in the developing as well as the developed economies of the world, which has been the major factor for driving the growth of optical imaging market.

The key players of the optical imaging market:
Topcon Medical Systems, Inc.
Canon, Inc.
Carl Zeiss Meditec AG
Heidelberg Engineering, Inc.
Volcano Corporation

These companies held more than half of the share of the optical imaging market in terms of revenue in 2014. New product launches and collaborations or partnerships have played a significant role in the growth of these key companies, over the past few years. Emergence of new start-up companies that are developing OCT devices making use of the technological advancements are likely to lead to the development of innovative systems at affordable prices.

A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Global Optical Imaging Market and future opportunities are provided in the report. This report on the Global Optical Imaging Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the Optical Imaging Market.


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