Optical Imaging Market (Products - Software, Imaging Systems, and Others; Therapeutic Area - Cardiology, Neurology, Oncology, Ophthalmology, Dentistry, and Dermatology; End-Users - Hospitals and Research Laboratories, Diagnostic Imaging Centers, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global optical imaging market is projected to grow at a CAGR of 11% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 05/16/2019 -- Our latest research report entitled Optical Imaging Market (by products (software, imaging systems), therapeutic area (cardiology, neurology, oncology, ophthalmology), end-users (hospitals, research laboratories, diagnostic imaging centers)) provides complete and deep insights into the market dynamics and growth of optical imaging. Latest information on market risks, industry chain structure optical imaging cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential optical imaging growth factors. According to report, the global optical imaging market is projected to grow at a CAGR of 11% over the forecast period of 2018-2024.
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Optical Imaging Market: Insight
Optical imaging is the procedure used for taking images of the internal organs and tissues. It is used to take detailed images of internal body parts and even the smaller structures consisting of cells and molecules. This imaging technology is used for public health management, clinical research, and medical diagnosis and treatment. Optical imaging technology uses distinct colors and spectra of light to measure and observe the diverse properties of a tissue or an organ. As compared with other imaging techniques such as MRI and X-rays, optical imaging proved to be safer and useful, as the demand for effective solutions and focus on early diagnosis of diseases are increasing. Also, the healthcare sectors are investing heavily in this technology.
Optical Imaging Market: Drivers and Restraints
Some of the factors that are driving the growth of optical imaging market are increasing demand for radiation-free imaging modalities drug discovery processes and increasing prevalence of neurological and ophthalmologic disorders among the population. Furthermore, growth in R&D activities, the capability of providing in-depth images of complex components of eyes, surface tissues, mucosal membranes, vascular systems, and gastrointestinal tract are also boosting factors for the growth of this market. Additionally, huge application of the advanced optical imaging products, operator, and patient safety and their comfort are also augmenting the market growth. However, increasing application of optical imaging in pharmaceutical and biomedical industries are generating future opportunities in coming years. On the other hand, the high cost associated with the optical imaging devices, lack of skilled technicians, and insufficient reimbursements for optical imaging procedures are some of the factors hampering the growth of optical imaging market.
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Optical Imaging Market: Regional Analysis
In terms of geographies, North America leads the growth of optical imaging market followed by Europe. The factors responsible for the growth in the North America region is due to the rapid increase in the aged population and increasing investment in the healthcare sector are driving this market. In Europe region factors such as growing research activities in pharmaceutical and biotechnology industries and growing incidences associated with disorders related to eye, heart & skin in the aged population is also boosting the growth in Europe region. Other factors such as the growing need for safer imaging modalities, the upsurge in R&D budgets, a growing number of research laboratories and growing healthcare consciousness among individuals are factors responsible for the growth of optical imaging market in Asia Pacific region.
Optical Imaging Market: Segmentation
The report on global optical imaging market covers segments such as products, therapeutic area, and end-users. On the basis of products, the global optical imaging market is categorized into software, imaging systems, and others. On the basis of the therapeutic area, the global optical imaging market is categorized into cardiology, neurology, oncology, ophthalmology, dentistry, and dermatology. On the basis of end-users, the global optical imaging market is categorized into hospitals and research laboratories, diagnostic imaging centers, and others.
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Optical Imaging Market: Competitive Landscape
The report provides profiles of the companies in the global optical imaging market such as, Headwall Photonics Inc., ASE Optics, Inc., Perkinelmer, Inc., Cytoviva Inc., Canon Inc., Topcon Corporation, Heidelberg Engineering Inc., ChemImage Corporation, Agfa-Gevaert NV and Optovue Inc.
- Increasing Demand for Radiation-Free Imaging Modalities.
- Increasing Prevalence of Neurological and Ophthalmologic Disorders.
- Lack of Skilled Professionals.
- Insufficient Reimbursements.
- High Cost of Optical Imaging Products.