The global optical imaging market is driven by numerous factors. The key driver in this market is the increased market penetration by digital technologies. The use of digital technology in the optical and medical imaging field helps in ease of diagnosis process for physicians. The growth of the global optical imaging market is inhibited by some serious challenges, despite the presence of influential market drivers. The major challenges impacting the growth of the market are stringent regulatory policies and no reimbursement for optical imaging. This is due to lack of funds and budget constraints in the healthcare sector.
Analysts forecast the global optical imaging market to grow at a CAGR of 8.22% during the period 2017-2021.
Covered in this Report:
The report covers the present scenario and the growth prospects of the global optical imaging market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of optical imaging products.
The Market is Divided Into the Following Segments Based on Geography:
Global Optical Imaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a a discussion of the key vendors operating in this market.
St. Jude Medical
Other Prominent Vendors:
Specim Spectral Imaging
Spectral Instruments Imaging
Increasing market penetration of digital technologies.
For a full, detailed list, view the full report
Stringent regulatory challenges in drug discovery applications.
For a full, detailed list, view the full report
Rising demand for radiation free devices in oncology.
For a full, detailed list, view the full report
Key Questions Answered in this Report:
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Key market highlights
Part 05: Market landscape
Market size and forecast
Five forces analysis
Part 06: Market segmentation by product type
Part 07: Market segmentation by technique
Optical coherence tomography (OCT)
Part 08: Market segmentation by application
Part 09: Market segmentation by end-users
Hospitals and clinics
Pharmaceutical and biotechnology industries
Part 10: Geographical segmentation
Optical imaging market in Americas
Optical imaging market in EMEA
Optical imaging market in APAC
Part 11: Market drivers
Increasing market penetration of digital technologies
Rising incidence of skin, eyes, and neuro disorders
Growing demand for diagnostic procedure accuracy
Part 12: Impact of drivers
Part 13: Market challenges
Stringent regulatory challenges in drug discovery applications
High investment and installation cost
Lack of reimbursement policies
Part 14: Impact of drivers and challenges
Part 15: Market trends
Rising demand for radiation free devices in oncology
Transition toward cloud-based technologies
Use of multi-brand optical imaging systems
Part 16: Vendor landscape
Competitive landscape analysis
Part 17: Key vendor analysis
St. Jude Medical
Leica Microsystems (subsidiary of Danaher)
Other prominent vendors
Part 18: Appendix
List of abbreviations
Part 19: Extras
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Global optical imaging market- Key highlights
Exhibit 03: Global optical imaging market 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global optical imaging market by product type 2016
Exhibit 06: Imaging systems- Market overview
Exhibit 07: Accessories- Market overview
Exhibit 08: Global optical imaging market by technique 2016-2021 ($ billions)
Exhibit 09: OCT- Market overview
Exhibit 10: Global OCT market 2016-2021 ($ billions)
Exhibit 11: Market impact and assessment for global OCT market 2016
Exhibit 12: Hyperspectral imaging- Market overview
Exhibit 13: Global hyperspectral imaging market 2016-2021 ($ billions)
Exhibit 14: Market impact and assessment for global hyperspectral imaging market 2016
Exhibit 15: Near-infrared spectroscopy- Market overview
Exhibit 16: Global near-infrared spectroscopy market 2016-2021 ($ billions)
Exhibit 17: Market impact and assessment for global near-infrared spectroscopy market 2016
Exhibit 18: Photoacoustic tomography- Market overview
Exhibit 19: Global photoacoustic tomography market 2016-2021 ($ billions)
Exhibit 20: Market impact and assessment for global photoacoustic tomography market 2016
Exhibit 21: Market segmentation by application
Exhibit 22: Global optical imaging market by application 2016
Exhibit 23: Global optical imaging market by end-users 2016
Exhibit 24: Global optical imaging market by geography in 2016
Exhibit 25: Americas- Optical imaging market overview
Exhibit 26: Optical imaging market in Americas 2016-2021 ($ billions)
Exhibit 27: Optical imaging market in Americas- Analysis in various countries
Exhibit 28: EMEA- Optical imaging market overview
Exhibit 29: Optical imaging market in EMEA 2016-2021 ($ billions)
Exhibit 30: Optical imaging market in EMEA- Analysis in various countries
Exhibit 31: APAC- Optical imaging market overview
Exhibit 32: Optical imaging market in APAC 2016-2021 ($ billions)
Exhibit 33: Optical imaging market in APAC- Analysis in various countries
Exhibit 34: Skin cancer statistics in various countries
Exhibit 35: Eye disorders statistics in various countries
Exhibit 36: Neurological disorders statistics in various countries
Exhibit 37: Impact of drivers
Exhibit 38: Impact of drivers and challenges
Exhibit 39: Competitive structure analysis of global optical imaging market 2016
Exhibit 40: Competitive landscape analysis of global optical imaging market 2016
Exhibit 41: Market penetration of various optical imaging companies in global (2016)
Exhibit 42: Strategic success factors of market leading companies in global optical imaging market
Exhibit 43: St. Jude Medical strength assessment
Exhibit 44: St. Jude Medical strategy assessment
Exhibit 45: St. Jude Medical opportunity assessment
Exhibit 46: ZEISS strength assessment
Exhibit 47: ZEISS strategy assessment
Exhibit 48: ZEISS opportunity assessment
Exhibit 49: TOPCON strength assessment
Exhibit 50: TOPCON strategy assessment
Exhibit 51: TOPCON opportunity assessment
Exhibit 52: Danaher strength assessment
Exhibit 53: Danaher strategy assessment
Exhibit 54: Danaher opportunity assessment
Exhibit 55: Other prominent vendors
Key players in the global optical imaging market: St. Jude Medical, ZEISS, TOPCON, and Leica Microsystems.
Other Prominent Vendors in the market are: Bruker, Canon, Edmund Optics, Electro-Optical Imaging, Headwall Photonics, Medtronic, Michelson Diagnostics, Miltenyi Biotec, NinePoint Medical, OPTICAL IMAGING, PANalytical, Raytheon, SANTEC, Specim Spectral Imaging, Spectral Instruments Imaging, Telops, and TriFoil Imaging.
Commenting on the report, an analyst said: “One trend in market is rising demand for radiation free devices in oncology. The optical imaging systems are widely used in oncology for the screening of various types of cancer. The demand for radiation free devices is growing for oncology screening to protect the patient from the hazardous effects of radiation therapy. Cancer is one of the lethal diseases which can be controlled and eradicated at the initial stage. With the use of radiation free devices, the lifetime of cancer patients can be extended. The photoacoustic tomography is one of the devices widely used for screening of breast cancer. About 450,000 women die from the consequences of breast cancer yearly. The current imaging modalities are not optimal in discriminating non-cancerous tissues from the cancerous tissues. Lack of high quality optimal imaging detection has led to late diagnosis of numerous breast cancer cases. In 2015, Biomedical Photonic Imaging Group (BMPI) at the University of Twente in the Netherlands developed photoacoustic mammoscope for the diagnosis of breast cancer under the guidance of Srirang Manohar, Associate Professor. The mammoscope is a combination device using ultrasound and infrared light for 3D imaging of the breast. The commercialization of this device is still pending.”
According to the report, one driver in market is increasing market penetration of digital technologies. The use of laser technology in the field of medical science is a boon. The laser technology has a wide range of applications including optical imaging, medical imaging, and microscopy. The healthcare sector is undergoing a transition across the world with the system integration for efficient diagnosis and data management. The market penetration of digital technologies in the optical imaging and medical imaging is a potent driver of the market growth. The optics and photonics technology are integrated for the development of optical imaging systems in order to increase the process efficiency. The radiation free OCT technology is used for dental diagnosis and treatment. The Sound Navigation and Ranging (SONAR) technology is used for capturing images as a part of digital technology in the medical imaging process. The real-time screening is one of the lucrative techniques available for the ease of patient and physician in the screening of diseases such as cancer and molecular disorder.
Further, the report states that one challenge in market is stringent regulatory challenges in drug discovery applications. The pharmaceutical and biotechnology industries use optical imaging for various drug discovery applications. The drug discovery is one of the essential components in the development of medicine. The stringent regulatory challenge in the drug discovery applications acts as a constraint on the market growth. With the transition phase in healthcare sector toward digitalization, the regulatory approval process is expected to become stringent to maintain patient safety. The development in the field of medical imaging with 3D printing and laser technologies makes it difficult for the drug discovery to penetrate the market further. The drug discovery is one of the key features in pharmaceutical and research laboratories. Due to huge investment and R&D carried out in the drug discovery area, there are stringent regulatory challenges faced by the industries for approval of products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- St. Jude Medical
- Leica Microsystems
- Edmund Optics
- Electro-Optical Imaging
- Headwall Photonics
- Michelson Diagnostics
- Miltenyi Biotec
- NinePoint Medical
- OPTICAL IMAGING
- Specim Spectral Imaging
- Spectral Instruments Imaging
- TriFoil Imaging