How Has the Optical Imaging Market Evolved Historically and What is its Current Size?
The optical imaging market has seen considerable growth due to a variety of factors.
• There has been a swift expansion in the size of the optical imaging market in the past few years. Its growth is projected to rise from $2.34 billion in 2024 to $2.66 billion in 2025, with a compound annual growth rate (CAGR) of 13.7%. The surge observed in the historic period can be linked to factors such as data analytics and image processing, integration of consumer electronics, reduction of cost and increased accessibility, contributions from academic and research institutes, as well as industrial applications.
What Does Future Hold for The Optical Imaging Template Market?
The Optical Imaging market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipated swift expansion in the optical imaging market in the upcoming years. By 2029, it is projected to reach $4.82 billion, with a compound annual growth rate (CAGR) of 16.0%.
The projected growth during this forecast period can be linked to the development in the healthcare industry, increase in chronic and age-related illnesses, demand for non-invasive and minimally invasive imaging, and progress in biophotonics. Significant trends during this period include regulatory changes, investment in research and development, incorporation of consumer electronics, cost-effectiveness and affordability, and improved endoscopic imaging.
What Are The Primary Growth Drivers In The Optical Imaging Market?
The expansion of the optical imaging market is anticipated to be fueled by an increasing aging population. The elderly population, individuals aged 65 and above, could benefit remarkably from optical imaging technology's ability to provide high-resolution and multispectral capabilities, facilitating the diagnosis and treatment of diseases such as atherosclerosis. The use of non-ionizing radiation in optical imaging techniques safeguards against harmful radiation effects, prompting increased usage in hospitals for the treatment of the elderly. For instance, data from the World Trade Organization, an international organization located in the US, indicated in October 2022 that the global population of individuals aged 60 and above is projected to double to 2.1 billion by 2050. The population of those 80 and older is expected to triple from 2020 to 2050, amounting to 426 million. Thus, with an escalating aged population, the growth of the optical imaging market is likely to be stimulated.
What Is The Segmentation Of The Global Optical Imaging Market?
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 And Clinics, Research Laboratories, Pharmaceutical And Biotechnology Industry
Subsegments:
1) By Imaging Systems: Fluorescence Imaging Systems, Multispectral Imaging Systems, Hyperspectral Imaging Systems
2) By Cameras: CCD Cameras, CMOS Cameras, Scientific Cameras
3) By Software: Image Analysis Software, Visualization Software, Processing Software
4) By Other Products: Light Sources, Optical Filters, Lenses And Accessories
Pre-Book The Optical Imaging Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Optical Imaging Market Landscape?
Technological advancements are becoming a popular trend in the optical imaging market, with key players introducing new, advanced products to ensure their dominance and obtain a significant market share. For example, in September 2023, Exo, an American medical optical imaging startup, introduced their imaging device, Exo Iris. This portable ultrasound device brings together point-of-care imaging, AI, and health IT systems. Exo Iris represents the latest development in Exo’s system, merging imaging, workflow software, and AI to promote the system-wide adoption of POCUS (Point-of-Care Ultrasound). Exo Iris equips healthcare professionals such as doctors, nurses, EMTs, and emergency, acute care, outpatient, and at-home clinicians with a tool to visualize the human body instantly at the point of care.
Who Are the Key Players In The Optical Imaging Market?
Major companies operating in the optical imaging market include:
• 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
What Are The Regional Insights Into The Optical Imaging Market?
North America was the largest region in the optical imaging market in 2024. The regions covered in the optical imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
