The global optical imaging systems market accounted for USD 2.24 billion in 2023 and is expected to reach USD 7.21 billion by 2034 with a CAGR of 11.23% during the forecast period 2024-2034. The market will grow due to the increasing prevalence of chronic diseases, the demand for non-invasive diagnostic procedures, the rising demand for non-invasive technologies, growing government initiatives, the emphasis on early detection and improved treatment, and the expansion of strategic collaborations and partnerships.
The field of optical imaging is constantly developing, with new technologies being produced all the time. These developments make optical imaging systems more powerful, adaptable, and inexpensive. In particular, artificial intelligence (AI) is being utilized to create algorithms for more accurate and efficient optical image analysis. For instance, in February 2023, Leica Microsystems (Danaher Corporation) acquired Bioptigen Inc. This improves Leica's position in the OCT market, especially for ophthalmic applications.
By product, the imaging systems segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the continuous technological advancements, increasing adoption in various medical specialties, and growing demand for non-invasive diagnostic procedures. For instance, in November 2022, Nikon Corporation and Siemens Healthineers teamed to develop and market artificial intelligence (AI)-powered solutions for pathology analysis using optical imaging equipment. Additionally, the optical imaging software segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing need for advanced image analysis tools, integration of artificial intelligence (AI) algorithms, and increasing demand for customizable and user-friendly software solutions.
By technology, the optical coherence tomography segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the growing applications in ophthalmology, cardiology, and dermatology, along with advancements enhancing image resolution and depth penetration. For instance, in October 2023, Koninklijke Philips N.V. and Nanox Ltd. worked together to create and integrate portable X-ray imaging equipment with Philips' teleradiology capabilities. Additionally, the photoacoustic tomography segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing research in cancer detection and neuroimaging, advancements in imaging technology, and expanding applications in preclinical and clinical settings.
By Application, the pathological segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 and is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for early and accurate disease diagnosis, advancements in imaging techniques for pathology, and increasing prevalence of chronic diseases. For instance, in June 2023, Carl Zeiss Meditec AG introduced CLARITY Phoenix, a cutting-edge surgical microscope with enhanced visualization features for minimally invasive procedures.
By End-User, the research labs segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the increased funding for research, expanding applications of optical imaging in biomedical research, and demand for high-resolution imaging tools. For instance, in September 2022, PerkinElmer Inc. unveiled the OptiVue In-Vivo NIR Imaging System. In surgeries, this device makes it easier to monitor blood flow and oxygenation in real-time. Additionally, the pharmaceutical and biotechnological companies segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing emphasis on drug development, increasing adoption of optical imaging for preclinical research, and demand for advanced imaging modalities in drug discovery processes.
North American region is anticipated to have the highest revenue share during the forecast period owing to the presence of key market players, significant investments in healthcare infrastructure, and favorable reimbursement policies. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing healthcare spending, and rising adoption of advanced medical technologies. For instance, in January 2023, Canon Medical Inc., a division of Canon Inc., entered into a partnership with ScImage to increase its market share in the cardiac imaging sector. Through this partnership, Canon will be able to offer a greater selection of hemodynamic imaging solutions for hospitals and clinics by incorporating ScImage's Fysicon QMAPP Hemo portfolio.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
The field of optical imaging is constantly developing, with new technologies being produced all the time. These developments make optical imaging systems more powerful, adaptable, and inexpensive. In particular, artificial intelligence (AI) is being utilized to create algorithms for more accurate and efficient optical image analysis. For instance, in February 2023, Leica Microsystems (Danaher Corporation) acquired Bioptigen Inc. This improves Leica's position in the OCT market, especially for ophthalmic applications.
By product, the imaging systems segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the continuous technological advancements, increasing adoption in various medical specialties, and growing demand for non-invasive diagnostic procedures. For instance, in November 2022, Nikon Corporation and Siemens Healthineers teamed to develop and market artificial intelligence (AI)-powered solutions for pathology analysis using optical imaging equipment. Additionally, the optical imaging software segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing need for advanced image analysis tools, integration of artificial intelligence (AI) algorithms, and increasing demand for customizable and user-friendly software solutions.
By technology, the optical coherence tomography segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the growing applications in ophthalmology, cardiology, and dermatology, along with advancements enhancing image resolution and depth penetration. For instance, in October 2023, Koninklijke Philips N.V. and Nanox Ltd. worked together to create and integrate portable X-ray imaging equipment with Philips' teleradiology capabilities. Additionally, the photoacoustic tomography segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing research in cancer detection and neuroimaging, advancements in imaging technology, and expanding applications in preclinical and clinical settings.
By Application, the pathological segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 and is predicted to grow at the fastest CAGR during the forecast period owing to the growing demand for early and accurate disease diagnosis, advancements in imaging techniques for pathology, and increasing prevalence of chronic diseases. For instance, in June 2023, Carl Zeiss Meditec AG introduced CLARITY Phoenix, a cutting-edge surgical microscope with enhanced visualization features for minimally invasive procedures.
By End-User, the research labs segment accounted for the highest revenue-grossing segment in the global optical imaging systems market in 2023 owing to the increased funding for research, expanding applications of optical imaging in biomedical research, and demand for high-resolution imaging tools. For instance, in September 2022, PerkinElmer Inc. unveiled the OptiVue In-Vivo NIR Imaging System. In surgeries, this device makes it easier to monitor blood flow and oxygenation in real-time. Additionally, the pharmaceutical and biotechnological companies segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing emphasis on drug development, increasing adoption of optical imaging for preclinical research, and demand for advanced imaging modalities in drug discovery processes.
North American region is anticipated to have the highest revenue share during the forecast period owing to the presence of key market players, significant investments in healthcare infrastructure, and favorable reimbursement policies. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rapidly expanding healthcare infrastructure, increasing healthcare spending, and rising adoption of advanced medical technologies. For instance, in January 2023, Canon Medical Inc., a division of Canon Inc., entered into a partnership with ScImage to increase its market share in the cardiac imaging sector. Through this partnership, Canon will be able to offer a greater selection of hemodynamic imaging solutions for hospitals and clinics by incorporating ScImage's Fysicon QMAPP Hemo portfolio.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Product, Technology, Application, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
Segmentation: Optical Imaging Systems Market Report 2023 - 2034
Optical Imaging Systems Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Imaging Systems
- Optical Imaging Software
- Illumination Systems
- Others
Optical Imaging Systems Market Analysis & Forecast by Technology 2023 - 2034 (Revenue USD Bn)
- Photoacoustic Tomography
- Optical Coherence Tomography
- Hyperspectral Imaging
- Near-Infrared Spectroscopy
Optical Imaging Systems Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Pathological
- Intraoperative
Optical Imaging Systems Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Research Labs
- Hospitals and Clinics
- Pharmaceutical and Biotechnological Companies
Optical Imaging Systems Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Optical Imaging Systems Market: Product Estimates & Trend Analysis
8. Optical Imaging Systems Market: Technology Estimates & Trend Analysis
9. Optical Imaging Systems Market: Application Estimates & Trend Analysis
10. Optical Imaging Systems Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Optical Imaging Systems Market
13. Europe Global Optical Imaging Systems Market
14. Asia Pacific Global Optical Imaging Systems Market
15. Latin America Global Optical Imaging Systems Market
16. MEA Global Optical Imaging Systems Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Canon Inc.
- PerkinElmer Inc.
- Bruker Corporation
- Topcon Corporation
- Hamamatsu Photonics K.K.
- Thorlabs Inc.
- Bioptigen Inc. (acquired by Leica Microsystems)
- Headwall Photonics Inc.
- St. Jude Medical Inc. (acquired by Abbott Laboratories)
- Agilent Technologies Inc.
- Optovue Inc.
