Global Optical Imaging Market to Reach US$2.1 bn by 2020, Rising Prevalence of Various Diseases to Fuel Market

Transparency Market Research Report Added “AOptical Imaging Market (Technologies: Optical Coherence Tomography, Hyperspectral Imaging, Near Infrared Spectroscopy, Photoacoustic Tomography; Applications: Ophthalmology, Dentistry, Dermatology, Cardiology, Neurology, Oncology & Biotechnology & Research) ” to its database.

Optical Imaging Market: Discription

This report on the optical imaging market studies the current as well as future prospects of the market globally. Optical imaging is a rapidly evolving and emerging medical imaging technology, which uses light spectrum to assess optical properties of different body tissues. The world received its first optical imaging device when Carl Zeiss Meditec AG introduced optical coherence tomography devices in 1996. Since then, there have been significant advancements and several new technologies have been introduced in the global optical imaging market. This report comprises an elaborate executive summary, which includes a market snapshot that provides overall information of various segments and sub-segments that are included in the scope of the report. It also provides an overall information and data analysis of the global optical imaging market with respect to market segments based on technology, application areas as well as geographic regions.

The optical imaging market is segmented based on major technologies into four categories: optical coherence tomography (OCT), hyperspectral imaging (HSI), near infrared spectroscopy (NIRS) and photoacoustic tomography (PAT). The optical coherence tomography segment has been further classified into three sub-segments: time-domain OCT, Fourier-domain OCT and full-field OCT. The market for these optical imaging technologies has been extensively analyzed based on usefulness, effectiveness, sales revenue of the devices based on the technologies and geographic presence. The market size and forecast in terms of USD million for each technology types as well as sub-types of optical imaging technologies has been provided for the period 2012 to 2020. The report on the optical imaging market also provides % compounded annual growth rate (CAGR) for each market segment for the forecast period 2014 to 2020, considering 2013 as the base year.

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Optical Imaging Market: Overview

Optical imaging is a rapidly evolving and emerging medical imaging technology, which utilizes the light spectrum for assessing the optical properties of different body tissues. This emerging technology possesses a huge potential for improving disease prevention, medical diagnosis and treatment as well as in life science and clinical research. With the introduction of optical coherence tomography based imaging devices by Carl Zeiss Meditec AG in 1996, the world received its first optical imaging solution. Since its introduction, there have been significant technological advancements in this field and hence several new technologies have been introduced in the global optical imaging market.

The global optical imaging market has been classified into four major segments, namely, optical coherence tomography (OCT), hyperspectral imaging (HSI), photoacoustic tomography (PAT) and near infrared spectroscopy (NIRS). The optical coherence tomography segment has been further divided into three sub-segments, namely, time-domain OCT, Fourier-domain OCT and full-field OCT. In 2012, the optical coherence tomography (OCT) segment held the largest share (76.5%) in the global optical imaging market followed by hyperspectral imaging (HSI). Among the three sub-types of the OCT, Fourier-domain OCT held the largest share. Photoacoustic tomography is expected to be the fastest growing segment in the global optical imaging market during the forecast period 2014 to 2020.

Some of the major driving factors for the growth of this market are increasing prevalence of various disorders related to different anatomical areas, shift in lifestyle, aging population, and increasing awareness and acceptance of several optical imaging technologies. Changing lifestyle such as, sedentary sitting work style, longer working durations and refraining from exercises and physical activities are leading to a number of health problems among today’s population all over the world. Several diseases such as diabetes, hypertension etc. are also becoming highly prevalent across the world and even in low to medium income countries. Aged individuals are more prone to various age related disorders, such as, vision problems, dental problems, and cardiovascular diseases among others. Most of the developed economies have a high rate of aging population. Thus, increasing prevalence of disorders related to eyes, skin, teeth and other vital organs of the body would lead to increased demand for optical imaging modalities that help to diagnose as well as treat these disorders.

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