The global optical
imaging system market is expected to reach USD 3.0 billion by
2024, according to a new report by Grand View Research, Inc. Technological
advancements and rising preference for noninvasive technology are anticipated
to be the preliminary market catalyst.
Rising R&D efforts by pharmaceutical and
biotechnological companies requiring the use of optical imaging systems are
encouraging the market growth. Additionally, veterinary hospitals and
educational institutions are utilizing this technology in research and
diagnostics, due to its noninvasive nature.
North America and Europe together accounted for the
largest market share that was over 60.0% in 2015. Well-developed research
infrastructure, availability of skilled professionals, and faster adoption
rates of technically advanced devices within the region are certain factors
promoting growth. Furthermore, supportive government initiatives in this region
are propelling the growth in this sector. The government of Canada invested
around USD 750,000 in the Canadian Imaging Research Center to promote research
and commercialization opportunities in the imaging sector.
Asia Pacific is expected to witness the fastest growth
rate during the forecast period owing to the easy availability of resources.
Favorable environment is encouraging research activities as government funding
for R&D is increasing in emerging nations, such as India and China. For
instance, Impacting Research Innovation and Technology (IMPRINT), an initiative
by the Indian government, promotes R&D in imaging and other technology
sectors. This is expected to attract market players to this region, thereby
facilitating higher penetration and expansion.
Browse full research report on Optical Imaging System Market: https://www.grandviewresearch.com/industry-analysis/optical-imaging-system-market-analysis
Further
Key Findings From the Study Suggest:
- The optical coherence tomography segment is the largest segment
over the forecast period. The largest share was attributed to the
extensive application in small animal imaging and research projects.
- North America captured the largest market share of around 35.0% in
2015. The market is expected to maintain its dominance during the forecast
period. Technologically advanced research infrastructure and increasing
use in medical testing for chronic conditions are some of the factors
supporting the growth in this region.
- Asia Pacific is anticipated to witness a significant growth rate
from 2016 to 2024 owing to the government initiatives in this region. For
instance, the Asia-Pacific Optical Sensors Conference held every year by
the Optical Society helps showcase new products to consumer, thereby
increasing awareness regarding the market and its developments.
- Some key players are PerkinElmer, Inc., St. Jude Medical, Inc.,
Carl Zeiss Meditec AG, Topcon Corporation, and Koninklijke Philips N.V.
- In order to curb the competition, key industry players are
meticulously involved in the development of new systems that facilitate
easy diagnosis. For instance, the Dragonfly Catheter series by St. Jude
Medical, Inc. provides data sampling of around 100 MB per second.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented optical imaging system market on the basis of
technology, product, application, end-use therapeutic area, and region.
Global
Optical Imaging Systems Market by Technology (USD Million), 2013 - 2024
- Photoacoustic
Tomography
- Optical
Coherence Tomography
- Hyperspectral
Imaging
- Near-infrared
Spectroscopy
Global
Optical Imaging Systems Market by Product (USD Million), 2013 - 2024
- Imaging
Systems
- Optical
Imaging Systems
- Spectral
Imaging Systems
- Optical
Imaging Software
- Cameras
- Illumination
Systems
- Lenses
- Other Optical
Imaging Products
Global
Optical Imaging Systems Market by Application (USD Million), 2013 - 2024
- Pathological
Imaging
- Intraoperative
Imaging
Global
Optical Imaging Systems Market by End-Use (USD Million), 2013 - 2024
- Research
Laboratories
- Hospitals
& Clinics
- Pharmaceutical
& Biotechnology Companies
Global
Optical Imaging Systems Market by Therapeutic Areas (USD Million), 2013 - 2024
- Ophthalmology
- Cardiology
- Oncology
- Dermatology
- Neurology
Optical
Imaging Systems Market by Region (USD Million), 2013 - 2024
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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