World Optical Imaging Market Discussed by M&M in New Research Report Published at MarketPublishers.com15 Feb 2016 • by Natalie Aster
LONDON – The global optical imaging market is forecast to reach a value of 1.75 billion by end-2020, growing at 12.1% CAGR. The market growth is primarily driven by the increasing R&D activities in the pharma and biotech industries, soaring demand for safer and non-invasive modalities for diagnostic and therapeutic applications owing to surging health care awareness, and successful use of optical imaging technologies in medical diagnostic and therapeutic applications. However, high cost and comprehensive data requirements for launching novel technologies, complex reimbursement challenges, stringent controls for medical devices, shortage of data validation, and the lack of experienced operators are hindering the market’s growth.
In the years to come, the optical coherence tomography (OCT) technique is set to keep on dominating the optical imaging market. OCT is growing mainly owing to its successful clinical applications particularly in ophthalmology. Further, soaring demand for optical imaging technology in pharma and biopharma industries for drug formulation and other uses will also likely drive the growth of the optical imaging market in the offing.
By 2020, North America accounts for the largest share of the overall optical imaging market, with Europe, APAC, and RoW following after. North America and Europe are poised to post a lower CAGR as against the APAC market. The APAC region is expected to have the most rapid market growth going forward, primarily fuelled by soaring funding for research from private investors and government as well as the rising number of research labs.
Carl Zeiss Meditec AG, Topcon Medical Systems, Inc., Bioptigen, Inc., St. Jude Medical, Philips N.V., Canon, Inc., Perkinelmer, Inc., amid others, are the leading players in the marketplace.
New cutting-edge report “Optical Imaging Market” prepared by MarketsandMarkets (M&M) gives a 360-degree evaluation of the world optical imaging market, segmented based on technique, product, application, end use sector, and by geography. It gives deep insights on the oncoming trends, R&D activities, and new product launches in the optical imaging market; reviews the lucrative emerging markets; offers exhaustive information on growing regions, novel products, investments, and latest developments in the world optical imaging market. The study examines the market dynamics, and presents an extensive industry trends analysis. The report takes an up-close look at the competitive landscape and offers granular profiles of the top 11 players.
Optical Imaging Market
Published: February, 2016
Price: US$ 4,650.00
More reports by this publisher can be found at MarketsandMarkets page.