North America Optical Imaging Market, By Technique (Optical Coherence Tomography, Near-Infrared Spectroscopy, Hyper spectral Imaging, Photo acoustic Tomography, Diffused Optical Tomography and Super Resolution Microscopy), Therapeutic Area (Ophthalmology, Oncology, Cardiology, Dermatology, Neurology, Dentistry and Others), Application (Pre-Clinical and Clinical Research, Pathological Imaging and Intra-Operative Imaging), End-User (Hospitals and Clinics, Research Laboratories, Pharmaceutical and Biotechnology Companies and Diagnostic Imaging Centres), Product (Imaging Systems, Cameras, Optical Imaging Software, Illumination Systems, Lenses and Other Optical Imaging Products), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of North America Optical Imaging Market
Data Bridge Market Research analyses that the optical imaging market will exhibit a CAGR of around 9.10% for the forecast period of 2021-2028. Growing prevalence of eye disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of optical imaging market.
From the name itself, it is clear that optical imaging is a medical technology that is used to take opaque pictures of the elements of the internal organ and visible light or rays are used for the obtaining an accurate image. Optical imaging provides precise and accurate images of internal tissues of an eye and larger structures of cells and molecules.
Upsurge in the applications of optical imaging techniques in drug discovery processes and preclinical research globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with surge in the geriatric population base is another market growth determinant. Lucrative growth opportunities in emerging markets, rising technological innovations in the imaging techniques, surging research and development activities in the life sciences sector and increasing personal disposable income will further generate lucrative market growth opportunities.
However, stringent regulatory framework will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and unfavourable reimbursement scenario will further pose challenges for the market. Rising imposition of the medical device excise tax in the U.S. and high cost of optical imaging procedures and extensive data requirements will hamper the market growth rate.
This optical imaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optical imaging devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Optical Imaging Market Scope and Market Size
The optical imaging market is segmented on the basis of technique, therapeutic area, application, end-user and product. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technique, optical imaging market is segmented into optical coherence tomography, near-infrared spectroscopy, hyper spectral imaging, photo acoustic tomography, diffused optical tomography and super resolution microscopy.
- Based on therapeutic area, the optical imaging market is segmented into ophthalmology, oncology, cardiology, dermatology, neurology, dentistry and others.
- Based on application, the optical imaging market is segmented into pre-clinical and clinical research, pathological imaging and intra-operative imaging.
- Based on end-user, the optical imaging market is segmented into hospitals and clinics, research laboratories, pharmaceutical and biotechnology companies and diagnostic imaging centers.
- The optical imaging market is also segmented on the basis of product into imaging systems, cameras, optical imaging software, illumination systems, lenses and other optical imaging products. Cameras have been further segmented into optical imaging systems and spectral imaging systems.
North America Optical Imaging Market Country Level Analysis
The optical imaging market is segmented on the basis of technique, therapeutic area, application, end-user and product.
The countries covered in the optical imaging market report are U.S., Canada and Mexico.
North America dominates the market and will continue to during the forecast period. This is because of the prevalence of advanced and modern healthcare technologies coupled with rising cases of eye disorders. U.S. has emerged to be the most lucrative region in North America owing to the ever-rising geriatric population base and rising awareness in regards to the treatments available.
The country section of the optical imaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The optical imaging market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for optical imaging market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the optical imaging market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Optical Imaging Market Share Analysis
The optical imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to optical imaging market.
The major players covered in the optical imaging market report are Abbott, Carl Zeiss AG, Leica Microsystems, TOPCON CORPORATION, Hitachi, Ltd., Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY, Heidelberg Engineering GmbH., Optovue, Incorporated, PerkinElmer Inc., Koninklijke Philips N.V., Medtronic, Raytheon Technologies Corporation, ChemImage Corporation, Aetos Technologies., Michelson Diagnostics Deutschland GmbH, NIDEK CO., LTD, among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-