Global Optical Imaging market growth 2024, Forecast To 2033
4 Mar, 2024
The optical imaging market size has shown rapid growth in recent years, growing 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, integration with consumer electronics, cost reduction and accessibility, and applications in academic and research institutes and industrial sectors. Looking ahead, the market is expected to witness rapid growth, reaching$4.18 billion in 2028 with a CAGR of 14.9%. The growth in the forecast period is driven by the evolution of the healthcare industry, the rise in chronic and age-related diseases, the demand for non-invasive and minimally invasive imaging, and advancements in biophotonics. Major trends in the forecast period encompass regulatory adaptation, research and development investments, integration with consumer electronics, cost-effectiveness, and affordability, and enhanced endoscopic imaging capabilities.
Global Optical Imaging Market Key Driver
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. In 2023, the market size for optical imaging is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Optical Imaging Market ReportGlobal Optical Imaging Market Segments
The global 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
By Geography: The regions covered in the optical imaging market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
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.
Major Optical Imaging Industry Players
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
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Optical Imaging Market Overview
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.
Optical Imaging Global Market Report 2023 provides data on the global optical imaging market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The optical imaging market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.