Optical Imaging Market Set to Succeed at the CAGR Rate 11.3% During Forecast Period, 2014-2020.
According to IndustryARC, the Global Optical Imaging Market is estimated to be growing at a CAGR 11.3% from 2014 to 2020 to reach revenue of $1.9 Billion in 2020.
USA, January 22, 2016 (Newswire.com) - Optical Imaging Market is noted that the market is presently owned by OCT technology which was accounted to be around $1.2 Billion in 2013. Carl Zeiss and St. Jude Medical are the pioneers of this technology and almost every set up comes with OCT technology. HSI, NIRS and PAT are emerging technologies in the optical imaging market with a few other players in the market.
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Market Trends & Growth:
Increasing enhancement for the quality of healthcare services delivered in both developing and developed economies across the globe has been driving the demand for Optical Imaging Systems in hospitals and clinics.
The primary reasons driving the Optical Imaging Market are technological advancements, growing demand for noninvasive and safer diagnostic modalities, changing demographics of the medical technology sector, and the increasing use of optical imaging technology in translational research and therapeutic and diagnostic applications.
Optical Coherence Tomography (OCT), Photo-Acoustic Tomography (PAT), Hyper Spectral Imaging (HSI) and Near-Infrared Spectroscopy (NIRS) are technologies are expected to drive the Global Optical Imaging Market for the coming five years.
However, the high cost and data requirements, stringent government regulations, and the lack of skilled operators are restraining the growth of this market to a certain extent.
Table of contents and insights:
REPORT SCOPE: Market Segmentation:
Optical Imaging Market is segmented into simple 3 types based on the following factors:
1. By Products: Oct Systems, Hyper Spectral Domain Oct and Photo Acoustic Tomography.
2. By End User: Hospitals, Clinics and Research Institutes.
3. By Geography: Americas, Europe, APAC and ROW.
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The top 5 notable strongest players of the market accounted to up to more than 75% of the total market share. Few competitors mentioned in this market report by IndustryARC:
· Lighthouse Imaging Llc
· Carl Zeiss Meditec Ag
· Michelson Diagnostics Ltd
· Headwall Photonics
· Canon, Inc.
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