Dallas, TX -- (SBWIRE) -- 02/03/2015 -- The report "Optical Imaging Market by Technique (Optical Coherence Tomography, Hyperspectral Imaging, Photoacoustic Tomography) by Product (Imaging System, Imaging software) by Application (Ophthalmology, Neurology, Oncology, Cardiology) - Global Forecasts to 2019", the global optical imaging market, estimated to be worth $1,669.2 million in 2019, is expected to grow at a double-digit CAGR during the forecast period of 2014–2019.

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Optical imaging holds promising scope for improving disease prevention, and furthering clinical research, medical diagnosis, and treatment. The basic principle used in imaging is the detection of emitted photons at predefined wavelength ranges. It involves the use of techniques such as optical coherence tomography, hyperspectral imaging, near-infrared spectroscopy, and photoacoustic tomography. These techniques have been successfully applied to medical diagnostics, in fields such as in ophthalmology, neurology, oncology, dentistry, life sciences & clinical research, and others. Increasing R&D activities to develop innovative products in the pharmaceuticals and biotechnology sectors, and the integration of technology with other imaging modalities, are expected to boost the growth of market.

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The global optical imaging market is segmented by techniques, products, applications and geography. The market is mainly classified by techniques into Optical Coherence Tomography, Hyperspectral Imaging, Near-infrared Spectroscopy and Photoacoustic Tomography. By products, the market is segregated into the optical imaging systems, cameras, software, illumination systems, imaging lenses and others segments. The imaging systems market is further subdivided into OCT imaging systems and spectral imagers/spectral imaging systems.

Furthermore, on the basis of applications, the market is classified into ophthalmology, neurology, oncology, dentistry, cardiology and dermatology.

In 2013, the optical coherence tomography (OCT) segment accounted for the largest share of the global market. A major share of the OCT segment can be attributed to its wide and successful clinical applications in ophthalmology, especially for glaucoma and retinal imaging. The OCT segment will continue to dominate this market in 2019, growing at a double-digit CAGR during the forecast period.

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North America represented the largest regional market in 2013, followed by Europe, Asia-Pacific, and RoW. North America and Europe are expected to witness a healthy growth rate in coming years owing to growing aging population, along with the increasing incidence of associated disorders related to eye, heart & skin, and increasing research activities in the pharmaceutical and biotechnology sector. On the other hand, the Asia-Pacific region represents the fastest-growing market for optical imaging products. The high growth rate in the Asian market is primarily attributed to the rising need for safer imaging modalities in the region, increasing healthcare awareness, increasing R&D budgets, and the growing number of research laboratories in the region.

Leading players in the optical imaging market include Carl Zeiss Meditec AG (Germany), St. Jude Medical, Inc. (U.S.), Topcon Medical systems, Inc. (U.S.), Canon, Inc., Bioptigen, Inc. (U.S.), Volcano Corporation (U.S.), Headwall Photonics (U.S.), and PerkinElmer, Inc. (U.S.).

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