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Global Optical Imaging Market 2017-2021

Global Optical Imaging Market 2017-2021

About Optical Imaging

The global optical imaging market is driven by numerous factors. The key driver in this market is the increased market penetration by digital technologies. The use of digital technology in the optical and medical imaging field helps in ease of diagnosis process for physicians. The growth of the global optical imaging market is inhibited by some serious challenges, despite the presence of influential market drivers. The major challenges impacting the growth of the market are stringent regulatory policies and no reimbursement for optical imaging. This is due to lack of funds and budget constraints in the healthcare sector.

Technavio’s analysts forecast the global optical imaging market to grow at a CAGR of 8.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global optical imaging market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of optical imaging products.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report Global Optical Imaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • St. Jude Medical
  • ZEISS
  • TOPCON
  • Leica Microsystems
Other prominent vendors
  • Bruker
  • Canon
  • Edmund Optics
  • Electro-Optical Imaging
  • Headwall Photonics
  • Medtronic
  • Michelson Diagnostics
  • Miltenyi Biotec
  • NinePoint Medical
  • OPTICAL IMAGING
  • PANalytical
  • Raytheon
  • SANTEC
  • Specim Spectral Imaging
  • Spectral Instruments Imaging
  • Telops
  • TriFoil Imaging
Market driver
  • Increasing market penetration of digital technologies.
  • For a full, detailed list, view our report
Market challenge
  • Stringent regulatory challenges in drug discovery applications.
  • For a full, detailed list, view our report
Market trend
  • Rising demand for radiation free devices in oncology.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Optical Imaging Market 2017-2021

Technavio recognizes the following companies as the key players in the global optical imaging market: St. Jude Medical, ZEISS, TOPCON, and Leica Microsystems.

Other Prominent Vendors in the market are: Bruker, Canon, Edmund Optics, Electro-Optical Imaging, Headwall Photonics, Medtronic, Michelson Diagnostics, Miltenyi Biotec, NinePoint Medical, OPTICAL IMAGING, PANalytical, Raytheon, SANTEC, Specim Spectral Imaging, Spectral Instruments Imaging, Telops, and TriFoil Imaging.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising demand for radiation free devices in oncology. The optical imaging systems are widely used in oncology for the screening of various types of cancer. The demand for radiation free devices is growing for oncology screening to protect the patient from the hazardous effects of radiation therapy. Cancer is one of the lethal diseases which can be controlled and eradicated at the initial stage. With the use of radiation free devices, the lifetime of cancer patients can be extended. The photoacoustic tomography is one of the devices widely used for screening of breast cancer. About 450,000 women die from the consequences of breast cancer yearly. The current imaging modalities are not optimal in discriminating non-cancerous tissues from the cancerous tissues. Lack of high quality optimal imaging detection has led to late diagnosis of numerous breast cancer cases. In 2015, Biomedical Photonic Imaging Group (BMPI) at the University of Twente in the Netherlands developed photoacoustic mammoscope for the diagnosis of breast cancer under the guidance of Srirang Manohar, Associate Professor. The mammoscope is a combination device using ultrasound and infrared light for 3D imaging of the breast. The commercialization of this device is still pending.”

According to the report, one driver in market is increasing market penetration of digital technologies. The use of laser technology in the field of medical science is a boon. The laser technology has a wide range of applications including optical imaging, medical imaging, and microscopy. The healthcare sector is undergoing a transition across the world with the system integration for efficient diagnosis and data management. The market penetration of digital technologies in the optical imaging and medical imaging is a potent driver of the market growth. The optics and photonics technology are integrated for the development of optical imaging systems in order to increase the process efficiency. The radiation free OCT technology is used for dental diagnosis and treatment. The Sound Navigation and Ranging (SONAR) technology is used for capturing images as a part of digital technology in the medical imaging process. The real-time screening is one of the lucrative techniques available for the ease of patient and physician in the screening of diseases such as cancer and molecular disorder.

Further, the report states that one challenge in market is stringent regulatory challenges in drug discovery applications. The pharmaceutical and biotechnology industries use optical imaging for various drug discovery applications. The drug discovery is one of the essential components in the development of medicine. The stringent regulatory challenge in the drug discovery applications acts as a constraint on the market growth. With the transition phase in healthcare sector toward digitalization, the regulatory approval process is expected to become stringent to maintain patient safety. The development in the field of medical imaging with 3D printing and laser technologies makes it difficult for the drug discovery to penetrate the market further. The drug discovery is one of the key features in pharmaceutical and research laboratories. Due to huge investment and R&D carried out in the drug discovery area, there are stringent regulatory challenges faced by the industries for approval of products.

Companies Mentioned

St. Jude Medical, ZEISS, TOPCON, Leica Microsystems, Bruker, Canon, Edmund Optics, Electro-Optical Imaging, Headwall Photonics, Medtronic, Michelson Diagnostics, Miltenyi Biotec, NinePoint Medical, OPTICAL IMAGING, PANalytical, Raytheon, SANTEC, Specim Spectral Imaging, Spectral Instruments Imaging, Telops, TriFoil Imaging.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global optical imaging market- Key highlights
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global optical imaging market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global optical imaging market by product type 2016
    • Imaging systems
      • Table Imaging systems- Market overview
    • Accessories
      • Table Accessories- Market overview
  • Market segmentation by technique
    • Table Global optical imaging market by technique 2016-2021 ($ billions)
    • Optical coherence tomography (OCT)
      • Table OCT- Market overview
      • Table Global OCT market 2016-2021 ($ billions)
      • Table Market impact and assessment for global OCT market 2016
    • Hyperspectral imaging
      • Table Hyperspectral imaging- Market overview
      • Table Global hyperspectral imaging market 2016-2021 ($ billions)
      • Table Market impact and assessment for global hyperspectral imaging market 2016
    • Near-infrared spectroscopy
      • Table Near-infrared spectroscopy- Market overview
      • Table Global near-infrared spectroscopy market 2016-2021 ($ billions)
      • Table Market impact and assessment for global near-infrared spectroscopy market 2016
    • Photoacoustic tomography
      • Table Photoacoustic tomography- Market overview
      • Table Global photoacoustic tomography market 2016-2021 ($ billions)
      • Table Market impact and assessment for global photoacoustic tomography market 2016
  • Market segmentation by application
    • Table Market segmentation by application
    • Table Global optical imaging market by application 2016
    • Ophthalmology
    • Neurology
    • Oncology
    • Dermatology
    • Dentistry
    • Cardiology
  • Market segmentation by end-users
    • Table Global optical imaging market by end-users 2016
    • Hospitals and clinics
    • Pharmaceutical and biotechnology industries
    • Research laboratories
  • Geographical segmentation
    • Table Global optical imaging market by geography in 2016
    • Optical imaging market in Americas
      • Table Americas- Optical imaging market overview
      • Table Optical imaging market in Americas 2016-2021 ($ billions)
      • Table Optical imaging market in Americas- Analysis in various countries
    • Optical imaging market in EMEA
      • Table EMEA- Optical imaging market overview
      • Table Optical imaging market in EMEA 2016-2021 ($ billions)
      • Table Optical imaging market in EMEA- Analysis in various countries
    • Optical imaging market in APAC
      • Table APAC- Optical imaging market overview
      • Table Optical imaging market in APAC 2016-2021 ($ billions)
      • Table Optical imaging market in APAC- Analysis in various countries
  • Market drivers
    • Increasing market penetration of digital technologies
    • Rising incidence of skin, eyes, and neuro disorders
      • Table Skin cancer statistics in various countries
      • Table Eye disorders statistics in various countries
      • Table Neurological disorders statistics in various countries
    • Growing demand for diagnostic procedure accuracy
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Stringent regulatory challenges in drug discovery applications
    • High investment and installation cost
    • Lack of reimbursement policies
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising demand for radiation free devices in oncology
    • Transition toward cloud-based technologies
    • Use of multi-brand optical imaging systems
  • Vendor landscape
    • Competitive landscape analysis
      • Table Competitive structure analysis of global optical imaging market 2016
      • Table Competitive landscape analysis of global optical imaging market 2016
      • Table Market penetration of various optical imaging companies in global (2016)
      • Table Strategic success factors of market leading companies in global optical imaging market
  • Key vendor analysis
    • St. Jude Medical
      • Table St. Jude Medical strength assessment
      • Table St. Jude Medical strategy assessment
      • Table St. Jude Medical opportunity assessment
    • ZEISS
      • Table ZEISS strength assessment
      • Table ZEISS strategy assessment
      • Table ZEISS opportunity assessment
    • TOPCON
      • Table TOPCON strength assessment
      • Table TOPCON strategy assessment
      • Table TOPCON opportunity assessment
    • Leica Microsystems (subsidiary of Danaher)
      • Table Danaher strength assessment
      • Table Danaher strategy assessment
      • Table Danaher opportunity assessment
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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