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Dallas, TX -- (SBWIRE) -- 10/30/2014 -- The global optical imaging market is expected to grow at a strong CAGR of 12.7% from 2014 to reach 1,669.2 million by 2019. The market is mainly driven by increasing research in the pharmaceutical and biotechnology segments, a growing demand for noninvasive modalities for therapeutic and diagnostic applications due to increasing healthcare awareness, and the successful application of optical imaging technology in medical diagnostics and therapeutics in the end-user markets. However, the high cost and data requirements, stringent regulations regarding medical devices, reimbursement challenges, lack of data validation, and operator skills are hampering the growth of this market.
During the forecast period, the OCT segment will continue to dominate the optical imaging market. OCT is growing primarily due to its successful clinical applications, especially in ophthalmology. Furthermore, the growing demand for optical imaging in pharmaceutical and biopharmaceutical industries for drug formulation and other usages is also expected to drive the growth of the optical imaging market.
By 2019, North America is expected to contribute the largest share to the global optical imaging market, followed by Europe, Asia-Pacific, and RoW. However, developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to Asia-Pacific. The Asia-Pacific region is expected to show the fastest market growth during the forecast period, largely driven by increasing research funding from government and private investors, and the growing number of research laboratories in the region.
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Major players in optical imaging market include St. Jude Medical Inc., Carl Zeiss Meditec Ag, Bioptigen Inc., Topcon Corporation (Topcon Medical Systems, Inc.), Canon Inc., Heidelberg Engineering Inc., Headwall Photonics Inc., Optovue, Inc., Perkinelmer Inc., and Volcano Corporation.
Carl Zeiss Meditec AG (Germany), St. Jude Medical, Inc. (U.S.), and Volcano Corporation (U.S.) are the leading players, together accounting for over 50% of the global optical imaging market in 2013. St. Jude Medical, Inc. and Volcano Corporation both have a robust portfolio for optical imaging products. These players have extensive experience and expertise in OCT technology. On the other hand Carl Zeiss has a strong geographical presence, with business operations in several geographies across the globe, including Europe, North America, Latin America, Asia, Middle East, and Africa, along with a strong optical imaging product portfolio.
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Table of Contents for “Optical Imaging Market by Technique (Optical Coherence Tomography, Hyperspectral Imaging, Photoacoustic Tomography), Product (Imaging System, Imaging software) & by Application (Ophthalmology, Neurology, Oncology, Cardiology) - Global Forecasts to 2019” research report include:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Optical Imaging Market, By Technique
7 Global Optical Imaging Market, By Product
8 Global Optical Imaging Market, By Application
9 Global Optical Imaging Market, By End User
10 Global Optical Imaging Market, By Geography
11 Competitive Landscape
12 Company Profiles
List of Figures:
Figure 1 Global Optical Imaging Market
Figure 2 Research Methodology
Figure 3 Breakdown of Primary Interviews: By Company Type , Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market Segmentation, By Product
Figure 8 Market Segmentation, By Technique
Figure 9 Market Segmentation, By Application
Figure 10 Market Segmentation, By End User
Figure 11 Technological Innovations, Wide Application Areas, & Changing Demographics to the Demand for Optical Imaging Techniques
Figure 12 Sustainability of Small and Mid-Sized Players in Highly Competitive Market is A Major Challenge
Figure 13 North America Will Continue to Dominate the Global Imaging Techniques Market in 2019
Figure 14 Optical Coherence Tomography Accounts for the Largest Share of More Than 4/5 of Global Optical Imaging Market in 2014
Figure 15 Optical Imaging Systems Will Continue to Dominate the Global Optical Imaging Products Market With More Than 1/2 Market Share in 2019
Figure 16 OCT Imaging Systems Accounts for More Than 4/5 Share of the Global Optical Imaging Systems Market in 2014
Figure 17 North America Will Continue to Dominate the Optical Imaging Application Market in 2019
Figure 18 Ophthalmology Accounts for the Largest Share of the Global Optical Imaging Application Market
Figure 19 Companies Adopted New Product Launches As the Key Growth Strategy Over the Last Three Years
Figure 20 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 21 Geographic Revenue Mix of Top 5 Market Players
Figure 22 St. Jude Medical, Inc.: Company Snapshot
Figure 23 Topcon Corporation : Company Snapshot
Figure 24 Canon Inc. : Company Snapshot
Figure 25 Perkinelmer Inc.: Company Snapshot
Figure 26 Volcano Corporation: Company Snapshot
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