Optical Imaging Market Competitve Landscape 2024-2033 – Major Players and Strategies

Overview and Scope

Optical imaging refers to a method for non-invasive investigation of cellular and molecular structures in the living body. The exceptional characteristics of photons help the imaging process generate comprehensive and precise images of smaller structures, from cells and molecules to bigger structures like tissues and organs.

Sizing and Forecast
The optical imaging market size has grown rapidly in recent years. It will grow from $2.1 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%.  The  growth in the historic period can be attributed to data analytics and image processing, consumer electronics integration, cost reduction and accessibility, academic and research institutes, industrial applications..

The optical imaging market size is expected to see rapid growth in the next few years. It will grow to $4.18 billion in 2028 at a compound annual growth rate (CAGR) of 14.9%.  The growth in the forecast period can be attributed to healthcare industry evolution, rise in chronic and age-related diseases, non-invasive and minimally invasive imaging demand, biophotonics advancements.. Major trends in the forecast period include regulatory adaptation, research and development investments, consumer electronics integration, cost-effectiveness and affordability, enhanced endoscopic imaging..

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Segmentation & Regional Insights
The optical imaging market covered in this report is segmented –
1) By Product: Imaging Systems, Cameras, Software, Other Products
2) By Application: Pathological Imaging, Intra-operative Imaging
3) By End-User: Hospitals & Clinics, Research Laboratories, Pharmaceutical and Biotechnology Industry

North America was the largest region in the optical imaging market in 2023. The regions covered in the optical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Rising ageing population is expected to propel the growth of the optical imaging market. The geriatric population refers to a population of people aged 65 and older. The optical imaging technology offers great flexibility owing to its high resolution and multispectral potential, which helps in the diagnosis and treatment of atherosclerosis and related diseases in the geriatric population. Optical imaging techniques use non-ionizing radiation, keeping the adverse effects of radiation in check, causing increased adoption in hospitals for treating older people. For instance, in October 2022, according to the data released by the World Trade Organization, a US-based international organization, from 2020 to 2021, the proportion of the population aged 60 and up increased from 1 billion to 1.4 billion. By 2050, the world's population of adults aged 60 and up will have doubled (to 2.1 billion). The number of people aged 80 or more is predicted to treble between 2020 and 2050, reaching 426 million.  Therefore, a rising ageing population is expected to propel the growth of the optical imaging market.

Key Industry Players
Major companies operating in the optical imaging market report are St. Jude Medical Inc., PerkinElmer Inc., Carl Zeiss Meditec AG, Koninklijke Philips N.V., Topcon Corporation, Bioptigen Inc., Canon Inc., Heidelberg Engineering Inc., Optovue Inc., Headwall Photonics Inc., Agfa-Gevaert N.V., Hamamatsu Photonics K.K., Hitachi Medical Corporation, Imalux Corporation, Infraredx Inc., Bruker Corporation, ChemImage Corporation, Cytoviva Inc., Leica Biosystems Nussloch GmbH, Michelson Diagnostics Ltd., Raytheon ELCAN Optical Technologies, Santec Corporation, Danaher Corporation, Thorlabs Inc., Tomophase Corporation, Ziemer Ophthalmic Systems AG, Axsun Technologies, Bioptics Inc., Andor Technology Ltd., Abberior Instruments GmbH

The optical imaging market report table of contents includes:
1. Executive Summary

2. Optical Imaging  Market Characteristics

3. Optical Imaging  Market Trends And Strategies

4. Optical Imaging  Market - Macro Economic Scenario

5. Global Optical Imaging  Market Size and Growth
.
31. Global Optical Imaging  Market Competitive Benchmarking

32. Global Optical Imaging  Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Optical Imaging  Market

34. Optical Imaging  Market Future Outlook and Potential Analysis

35. Appendix

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