Global Optical Imaging Market

Optical Imaging Market Size, Share, Growth Analysis, By Product (Imaging Systems, Camera), By Therapeutic Area (Ophthalmology, Oncology, Cardiology), By Technique, By Application, By End User, By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2954 | Region: Global | Published Date: November, 2024
Pages: 174 | Tables: 96 | Figures: 71

Optical Imaging Market Insights

Global Optical Imaging Market size was valued at around USD 1.50 billion in 2022 and is expected to rise from USD 1.70 billion in 2023 to reach a value of USD 4.69 billion by 2031, at a CAGR of 13.5% over the forecast period (2024–2031).

As the name suggests, optical imaging is a painless technique that helps create detailed pictures of human body organs, tissues, and molecules. The market comprises improved technologies that capture and study images with the help of light. Recent years have shown significant growth in the optical imaging market, driven by factors like the growing need for high-resolution imaging, improvements in imaging technologies, and expanded applications in medical diagnostics. Nonetheless, the market is facing challenges like system complexity, high-priced imaging systems, and compliance and regulatory issues for approval of novel devices. Yet, the market will progress further due to opportunities like expanding applications in healthcare, increased manufacturing and industrial applications, and improvements in imaging technologies.

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Global Optical Imaging Market size was valued at around USD 1.50 billion in 2022 and is expected to rise from USD 1.70 billion in 2023 to reach a value of USD 4.69 billion by 2031, at a CAGR of 13.5% over the forecast period (2024–2031).

The global optical imaging market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment. 'Carl Zeiss Meditec (Germany) ', 'Abbott (US) ', 'Topcon Corporation (Japan) ', 'Canon (Japan) ', 'PerkinElmer (US) ', 'Koninklijke Philips (Netherlands) ', 'Heidelberg Engineering (US) ', 'Leica Microsystems (Germany) ', 'Headwall Photonics (US) ', 'Visionix (US) ', 'Optical Imaging (Israel) ', 'Optos (Scotland) ', 'Wasatch Photonics (US) ', 'ArcScan (US) ', 'DermaLumics (Spain) ', 'Cylite (Australia) ', 'MOPTIM (Guangdong) ', 'Michelson Diagnostics (England) ', 'Thorlabs (US) ', 'Hamamatsu Photonics (Japan)'

Recent years have increased the demand for medical diagnostics. Optical imaging plays a key role in painless diagnostic procedures, comprising ophthalmology, endoscopy, and detection of cancer. The increasing need for accurate diagnostics and early detection is propelling the growth of the market. Furthermore, the increasing geriatric population with many age-related disorders increases the demand for diagnostic imaging systems.

Integration of Machine Learning and Artificial Intelligence: The optical imaging market is witnessing improved imaging capabilities for better operation of these systems and better patient outcomes. Machine learning algorithms and AI are enhancing image acquisition, interpretation, and analysis. They allow automated and precise diagnostics, especially in medical imaging, wherein, they help to detect anomalies and patterns.

Geographically, North America is the dominating region among others and is expected to lead over the forecast period owing to growing healthcare expenditure, technological improvements, and developed healthcare infrastructure. Heavy investments in medical research and healthcare are aiding the demand for and adoption of technologically improved optical systems. North America is a key center for innovations and startups and technology companies with expertise in imaging, resulting in speedy improvements and regional growth. The region also has developed healthcare infrastructure with superior healthcare facilities and increased use of imaging technologies. The market players operating in the region include PerkinElmer Inc., Agilent Technologies, Bruker Corporation, Andor Technology, Nikon Instruments Inc. and more.

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Global Optical Imaging Market

Report ID: SQMIG35A2954

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