Optical Coherence Tomography to Dominate the Global Optical Imaging Market till 2026
Increasing prevalence of neurological and ophthalmological disorders across the globe is expected to drive the demand for global optical imaging market in the forecast period.
According to TechSci Research report, “Global Optical Imaging Market By Technique (Optical Coherence Tomography (OCT), Near-infrared spectroscopy (NIRS), Hyperspectral Imaging (HIS), Photoacoustic Tomography (PAT)) By Product (Imaging System, Cameras, Lenses, Software, Others) By Therapeutic Area (Ophthalmology, Oncology, Dermatology, Neurology, Others) By Application (Pathological Imaging v/s Intraoperative Imaging) By End-User (Hospitals & Clinics, Diagnostic Imaging Centres, Research Laboratories, Others) By Company, By Region, Forecast & Opportunities, 2026”, the global optical imaging market is expected to witness steady growth for the upcoming five years. Optical imaging technology is an emerging technology which finds application to improve the disease prevention, diagnosis, and treatment in healthcare facilities. Optical imaging technology helps to differentiate between the affected tissue and soft tissue which is paving the way to surge the demand for optical imaging technology in medical diagnostic industry. Optical imaging technology uses non-ionizing technology which uses minimal amount of radiation thereby is preferred for treatment in which the use of radiation is done for a large number of times.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities around the world-imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Imaging and diagnostic departments suffered a setback due to need of social distancing among the health professionals and physicians. Non-essential imaging procedures were postponed till further announcement in several countries.
However, availability of insufficient reimbursement for optical imaging procedures and lack of skilled professionals is expected to restrain the growth of the global optical imaging market.
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Global optical imaging market is segmented into technique, product, therapeutic area, application, end-user, regional distribution, and company. Based on therapeutic area, market can be further divided into ophthalmology, oncology, dermatology, neurology, and others. The oncology segment is expected to account for major market share for the forecast period, 2022-2026. Increasing prevalence of cancer due to aging population, rising obese population and other environmental factors is fueling the growth of this segment. Optical imaging technology helps in providing real-time cancer detection by using broad range of light ranging from visible to near-infrared and is helpful in determining the best choice of therapy and to determine the efficiency of the treatment.
Based on technique, market can be fragmented into optical coherence tomography (OCT), near-infrared spectroscopy (NIRS), hyperspectral imaging (HIS), and photoacoustic tomography (PAT). The optical coherence technology segment is expected to dominate the market for the next five years. Wide application of optical coherence technology in oncology, dermatology, cardiology, neurology, ophthalmology, among others is surging the growth of optical technology market. Based on product, market can be divided into imaging system, cameras, lenses, software, and others. The imaging system segment is expected to hold significant share for the predicted period. Rise in adoption of optical imaging technology in clinical research and medical diagnostic procedure is driving the growth of this segment.
Abbott Laboratories Inc., Carl Zeiss Meditec AG, Koninklijke Philips N.V., Topcon Corporation, Canon inc., PerkinElmer, Inc., Leica Microsystems (Danaher corporation), Headwall Photonics, Inc., Optovue, Inc., Heidelberg Engineering, Inc. are the leading players operating in global optical imaging market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several optical imaging manufacturers are coming up with their technologically advanced offerings.
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“Market players are investing huge amount to carry out the research and development activities to upgrade the existing infrastructure of optical imaging technology such as to make devices capable of handling a large volume of samples by using a broad range of wavelengths. Technologically advanced spectrometers scan the object without the need for scanning process which is creating lucrative opportunities to image the moving targets or changing imaging conditions with ease and high efficiency. High resolution capability of optical technology and its non-invasive nature is expected to propel the growth of the optical imaging market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Optical Imaging Market By Technique (Optical Coherence Tomography (OCT), Near-infrared spectroscopy (NIRS), Hyperspectral Imaging (HIS), Photoacoustic Tomography (PAT)) By Product (Imaging System, Cameras, Lenses, Software, Others) By Therapeutic Area (Ophthalmology, Oncology, Dermatology, Neurology, Others) By Application (Pathological Imaging v/s Intraoperative Imaging) By End-User (Hospitals & Clinics, Diagnostic Imaging Centres, Research Laboratories, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global optical imaging market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global optical imaging market.
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