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Global Optical Imaging Market To Exhibit 8% CAGR 2017–2021, Study

Press Release   •   Feb 01, 2017 06:26 EST

A recent market research report added to the portfolio of MarketResearchReports.biz is an analytical overview of the global market for optical imaging. The report, titled “Global Optical Imaging Market 2017-2021,” states that the market will exhibit a promising 8% CAGR over the period between 2017 and 2021. The vast rise in the penetration of digital technologies in the fields of medical and optical imaging is the key factor driving the market.

In terms of geography, the Americas is expected to dominate the global optical imaging market over the report’s forecast period. One of the key factors expected to drive the market is the rising numbers of installations of optical imaging systems in the region. The high rate of adoption of technologically advanced optical imaging systems in the U.S, is also a key factor leading to the vast growth prospects of the regional market.

The global optical imaging market has been segmented on the basis of product type into two broad segments: accessories and imaging systems. Of these, the segment of imaging systems accounted for the dominant share in 2016 and is expected to retain dominance over the next few years as well. Some of the key factors expected to drive the extensive demand for imaging systems is the vast usage of a variety of imaging systems for diagnosis, treatment, and prevention of a number of diseases using technologies such as visible, infrared, and ultraviolet light.

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The report segments the market on the basis of application into neurology, ophthalmology, dermatology, cardiology, dentistry, and oncology. Of these, the global optical imaging market finds the most promising and lucrative applications across the ophthalmology segment. Applications of optical imaging in this segment are expected to remain the most lucrative for the global market over the report’s forecast period as well. One of the key factor leading to the extensive rise in use of optical imaging techniques in the ophthalmology industry is the vast technological advancements observed in the field of optical imaging in the past few years, which has led to the development of devices providing highly effective diagnosis and treatment.

The global optical imaging market features an intensely competitive vendor landscape. The report states that the level of competition is expected to further intensify as an increasing number of companies enter the market providing various software products and innovative accessories. Companies are also expected to compete in terms of product differentiation, product pricing, services, and software upgradation.

Some of the key vendors in the market are ZEISS, St. Jude Medical, Leica Microsystems, TOPCON, Bruker, Michelson Diagnostics, Edmund Optics, Canon, OPTICAL IMAGING, Electro-Optical Imaging, Headwall Photonics, Miltenyi Biotec, NinePoint Medical, PANalytical, Medtronic, SANTEC, Specim Spectral Imaging, Raytheon, TriFoil Imaging, Telops, and Spectral Instruments Imaging.

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