Optical Imaging Market to hit USD 4 billion by 2032, says Global Market Insights Inc.

Optical Imaging Industry is projected to witness a CAGR of 10.1% during the period 2023-2032. This growth can be attributed to the growing prevalence of eye disorders.

Selbyville, Delaware, Aug. 20, 2023 (GLOBE NEWSWIRE) --

Optical Imaging Market size is expected to be worth USD 4 billion by 2032. The rapid technological advancements in optical imaging systems will prove favorable for the industry expansion. Innovations, such as high-resolution imaging, adaptive optics, and spectroscopic techniques are revolutionizing medical diagnostics, research, and industrial applications to provide enhanced visualization, improved accuracy, and deeper insights into biological structures and processes. Moreover, the integration of AI and machine learning is augmenting the capabilities of optical imaging.

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Illuminating systems to witness high traction

Optical imaging market from the illuminating systems segment is projected to record high demand through 2032. This can be attributed to advancements in light source technologies, such as lasers and LEDs, to enable precise and targeted illumination for optical imaging applications. These systems enhance image quality, to enable specific tissue analysis in medical imaging, while offering high-resolution observations in scientific research. Moreover, the growing refinement of illumination techniques.

Oncology therapeutic area to record substantial development

Optical imaging market from the oncology therapeutic area segment is anticipated to witness notable CAGR from 2023-2032 owing to the surging usage for cancer diagnosis, treatment assessment, and research. The rising adoption of advanced techniques, such as fluorescence imaging and photoacoustic imaging for the real-time visualization of tumor cells is aiding early detection and guiding precise interventions. The increasing demand for accurate and patient-friendly cancer imaging solutions to provide valuable insights for personalized treatment strategies will propel segment development.

High demand from intraoperative imaging applications

The intraoperative imaging application segment held a sizable revenue share of the optical imaging market in 2022. Optical imaging technologies, including fluorescence imaging and multispectral imaging, provide surgeons with enhanced visualization of tissues, vessels, and vital structures during operations. The increasing demand for minimally invasive surgeries has also offered the pursuit of optimal patient outcomes. Additionally, the growing emphasis of healthcare on advanced imaging solutions to reshape surgical practices and enhance the quality of medical interventions will add to the industry development.

Asia Pacific to depict lucrative growth

Asia Pacific optical imaging market is likely to witness a significant increase through 2032 fueled by rising technological adoption and healthcare advancements in the region. Major APAC countries, such as China, Japan, and India are investing in cutting-edge imaging technologies for medical diagnostics, research, and industrial applications. The expanding healthcare infrastructure and the growing research activities have led to the increasing awareness of non-invasive imaging benefits.

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Optical Imaging Industry Participants

Some of the major players operating in the optical imaging market are Topcon Corporation, Canon, Inc, PerkinElmer, Inc, Carl Zeiss Meditec AG, Abbott Laboratories, St. Jude Medical Inc., Olympus Corporation, Heidelberg, Engineering GmbH, Kibero, Headwall Photonics, Inc, Leica Microsystems, among others. These companies are focusing on R&D investments to introduce new and advanced imaging devices and systems.

Partial Table of Contents (ToC) of the report:

Chapter 3 Optical Imaging Industry Insights

3.1 Industry ecosystem analysis

3.2 Industry impact forces

3.2.1 Growth drivers Growing prevalence of eye disorders Technological advancements in optical imaging systems Growing demand for non-invasive imaging Increasing application area of optical imaging technique

3.2.2 Industry pitfalls & challenges Lack of skilled operators Regulatory and reimbursement challenges

3.3 Growth potential analysis

3.3.1 By product

3.3.2 By application

3.3.3 By therapeutic area

3.3.4 By technique

3.3.5 By end-use

3.4 COVID- 19 impact analysis

3.5 Regulatory landscape

3.5.1 U.S.

3.5.2 Europe

3.6 Technology landscape

3.7 Porter's analysis

3.8 PESTEL analysis

Chapter 4 Competitive landscape

4.1 Introduction

4.2 Company matrix analysis, 2021

4.3 Competitive dashboard

4.4 Company market share, 2021

4.5 Competitive analysis of major market players

4.6 Competitive positioning matrix

4.7 Strategic outlook matrix

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.


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