"Optical Imaging Market - Global Forecast to 2020" is now available at Fast Market Research

Optical Imaging Market by Technique (OCT, NIRS, HSI, PAT) by Product (Imaging System, Camera, Lens, Software) by Therapeutic Area (Ophthalmology, Oncology, Neurology, Dermatology), by Application (Pathological, Intra-operative) - Global Forecast to 2020

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; growing demand for non- invasive and safer modalities for therapeutic and diagnostic applications due to increasing healthcare awareness; and successful application of optical imaging technologies in medical diagnostics and therapeutics . However, 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 growth of this market.

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In this report, the global optical imaging market is segmented by techniques, products, applications, end users, and geography. The optical imaging market is mainly classified by techniques into Optical Coherence Tomography (OCT), Hyperspectral Imaging (HIS), Near-Infrared Spectroscopy (NIRS), and Photoacoustic Tomography (PAT). The optical imaging products market covers 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 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.

By 2020, 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.

The major players in the optical imaging market include Carl Zeiss Meditec AG (Germany), Topcon Medical Systems, Inc. (U.S.), Bioptigen, Inc. (U.S.), St. Jude Medical (U.S.), Philips N.V. (Netherland), Canon, Inc. (Japan), Perkinelmer, Inc. (U.S.) and others.

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