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Optical Imaging Market Size & Share, by Technology (OCT, HSI, NIRS, PAT); Product Type (Imaging Systems, Software, Illumination Systems, Camera and Lenses); Therapeutic Area (Cardiology, Neurology, Ophthalmology, Oncology, Dermatology, Dentistry); End-User (Hospitals, Pharmaceuticals & Biotechnology, Research Laboratories) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 80
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Optical Imaging Market size was over USD 2.2 billion in 2024 and is poised to exceed USD 7.24 billion by 2037, growing at over 9.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of optical imaging is estimated at USD 2.38 billion.

The growth of the market can be primarily attributed to the rising incidences of cardiovascular and eye disorders among geriatric population. According to the World Health Organization (WHO), at least 2.2 billion people in the world have a vision impairment problem, out of which most of the cases are of people over the age of 50 years. Along with this, increasing R&D activities in the medical sector and growing usage of optical imaging procedures in a plethora of applications such as preclinical research and drug discovery are also anticipated to fuel market growth in the future. Additionally, the surging demand to reduce radiation exposure during medical procedures is expected to offer rewarding opportunities to the market over the forecast period.

Global-Optical-Imaging-Market
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Growth Drivers

  • Increasing Geriatric Population Globally to Drive Market Growth
  • Growing Technological Innovations in the Medical Sector to Expand Market

Challenges

  • Strict Regulatory Approval Procedures for Imaging Systems to Hamper Market Growth
  • High Cost of Optical Imaging Instruments to Hinder Market Growth

Optical Imaging Market: Key Insights

Report Attribute Details

Base Year

2024

Forecast Year

2025-2037

CAGR

9.60%

Base Year Market Size (2024)

USD 2.2 billion

Forecast Year Market Size (2037)

USD 7.24 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Optical Imaging Segmentation

The market is segmented by technology into optical coherence tomography (OCT), hyperspectral imaging (HSI), near-infrared spectroscopy (NIRS), and photoacoustic imaging (PAT), out of which, the OCT segment is anticipated to hold the largest share in the optical imaging market in 2021 and is projected to continue this trend over the forecast period. This can be accounted to the increasing adoption of optical imaging procedures for oncology, ophthalmology, neurology and cardiology clinical areas. Furthermore, on the basis of therapeutic area, the segments for ophthalmology and oncology are evaluated to offer lucrative growth opportunities in the coming years owing to the rising prevalence of cancer and vision problems among the elderly, and the escalating demand for early detection and diagnosis of diseases.

Our in-depth analysis of the global market includes the following segments

By Technology
  • Optical Coherence Tomography (OCT)
  • Hyperspectral Imaging (HSI)
  • Near-Infrared Spectroscopy (NIRS)
  • Photoacoustic Imaging (PAT)

By Product Type
  • Imaging Systems
  • Software
  • Illumination Systems
  • Camera
  • Lenses

By Therapeutic Area

 
  • Cardiology
  • Neurology
  • Ophthalmology
  • Oncology
  • Dermatology
  • Dentistry

By End-User

 
  • Hospitals
  • Pharmaceuticals & Biotechnology
  • Research Laboratories
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Optical Imaging Industry - Regional Synopsis

North America Market Statistics

Based on regional analysis, the optical imaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America industry is likely to dominate majority revenue share by 2037, driven by strong presence of leading industry players, as well as rising availability of advanced medical equipment and trained professionals in the region.

APAC Market Analysis

In addition to this, the market in Asia Pacific is assessed to grow at the highest CAGR during the forecast period as a result of low research cost, increasing patient pool and a high occurrence of neurological disorders in the region, especially in India. It is estimated that more than 30 million people suffer from neurological disorders in India every year. Apart from these, growing government initiatives to improve healthcare quality and lower cost of clinical trials are also estimated to provide opportunities for the expansion of market in this region.

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Companies Dominating the Optical Imaging Landscape

    • Abbott Services
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • TOPCON CORPORATION
    • Carl Zeiss Meditec AG
    • Koninklijke Philips N.V.
    • Canon Inc.
    • Leica Microsystems GmbH
    • Heidelberg Engineering GmbH
    • Headwall Photonics, Inc.
    • Arcscan, Inc.
    • Optical Imaging Ltd.
  • Report ID: 80
  • Published Date: Dec 24, 2024
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2025, the industry size of optical imaging is estimated at USD 2.38 billion.

Optical Imaging Market size was over USD 2.2 billion in 2024 and is poised to exceed USD 7.24 billion by 2037, growing at over 9.6% CAGR during the forecast period i.e., between 2025-2037.

North America industry is likely to dominate majority revenue share by 2037, driven by strong presence of leading industry players, as well as rising availability of advanced medical equipment and trained professionals in the region.

The major players in the market are Abbott Services, TOPCON CORPORATION, Carl Zeiss Meditec AG, and others.

Optical Imaging Market Report Scope

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