The global optical imaging market has been segmented by end users into research laboratories, diagnostic imaging centers, hospitals & clinics, pharmaceutical companies and others, all of which are driving the growth of optical imaging market owing to rising number of health complications among the patients. Further, the growing demand for non-invasive procedures and expansion of research and development in drug discovery processes in optical imaging techniques is anticipated to drive the global optical imaging market with noteworthy revenue by the end of 2021.
The global market of optical imaging is expected to reach USD 1.8 Billion by the end of 2021 by expanding at a significant compound annual growth rate of 12.3% over the period 2015-2021. Factors such rising health related problems and advancements in technology are anticipated to drive the optical imaging market across the globe. Further the increasing demand for advanced medical systems to detect the underlying diseases is estimated to boom the global optical imaging market by the end of forecast period.
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In the regional segment, North America garnered around USD 403 Million in 2014 and is anticipated to reach market valuation of USD 762 Million by 2021 by expanding at a compound annual growth rate of 9.53% over the forecast period. Factors such as rising awareness and initiatives taken by government in health care sector are expected to drive the growth of North America optical imaging market during the forecast period. Further, the rise in geriatric population is believed to supplement the growth of Europe optical imaging market. Factors such as rising population, sturdy GDP growth rate and increasing investments in healthcare infrastructure are believed to propel the growth of optical imaging market in Asia Pacific region.
Growing Demand for Radiation Free Imaging Techniques
Growing health complications have escalated the demand for non-invasive and radiation free medical techniques among people which have further spiked the growth of optical imaging in biomedical and pharmaceutical industries. These factors are expected to benefit the expansion of optical imaging market across the globe.
However, high installation cost and stringent government regulations are likely to inhibit the growth of the optical imaging market in the near future.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global optical imaging market which includes company profiling of St. Jude Medical, Leica Microsystems, Carl Zeiss Meditec AG, Bioptigen Inc., Headwall Photonics Inc., Raytheon ELCAN Optical Technologies, Somanetics Corporation, Abbott, Topcon Medical Systems Inc. and Heidelberg Engineering Inc.
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