The global optical imaging market is estimated to be USD 1,872.5 million in 2021 and is expected to witness a CAGR of 14.5% during the forecast period. Increasing prevalence of eye disorders due to the rising elderly population and increasing strain on eyes, technological innovations to drive greater market penetration, wide application areas of optical imaging techniques, and growth in need to minimize the use of radiation technologies are going to drive the global optical imaging market. However, the market growth can be hindered by reimbursement challenges, lack of skilled operators, and the high cost of optical imaging procedures and extensive data requirements.

By Product

On the basis of products, the market is divided into imaging systems, cameras, software, lenses, illumination systems, and others. The market for imaging systems segment dominated the optical imaging market by product segmentation in 2021. The major share of this segment is mainly credited to its wide applications in ophthalmology and rising adoption in medical diagnostics & clinical research.

By Technique

On the basis of technique, the market is broadly categorized into hyperspectral imaging (HIS), near-infrared spectroscopy (NIRS), optical coherence tomography (OCT), and photoacoustic tomography (PAT). The OCT technique segment accounted for largest share of the global optical imaging market; this segment will continue to dominate the global optical imaging market by 2029. This is due to its high adoption in research and clinical diagnostics purposes.

By Application

On the basis of application, the market is divided into pathological imaging and intraoperative imaging. The pathological imaging application segment accounted for the maximum revenue share in 2021. The is attributed to the high-resolution imaging capabilities of optical imaging technologies, its non-invasive nature, and the increasing use of optical imaging in clinical applications. The intraoperative imaging segment is anticipated to grow at a lucrative CAGR during the forecast period due to rising awareness among adopters and consumers.

By End User

On the basis of end-user, the market is categorized into hospitals and clinics, research laboratories, and pharmaceutical & biotechnology companies. In the global market, the hospitals segment is accounted for the largest revenue share in 2021 owing to the increasing requirement of developed and advanced technologies for eye surgeries. The research laboratories segment is expected to grow with the highest CAGR during the forecast period due to increase in r&d activities by clinical laboratories and academic institutes.

Regional Insights

North America dominated the global optical imaging market in 2021 and it is also projected to be the fastest-growing region market during the forecast period. This growth is attributed with the growing aged population, easy availability of raw material, and presence of advanced healthcare infrastructure. Asia-Pacific market is anticipated to grow at the fastest CAGR during the forecast period owing to liberalization in government regulations for setting new plants, growing import-export of technologies, market penetration by prominent players and rising demand for advanced medication.

Competitor Insights

Some of the major companies in the market are Carl Zeiss Meditec AG (Germany), Topcon Corporation (Japan), Abbott (U.S.), PerkinElmer, Inc. (U.S.), Canon Inc. (Japan), Wasatch Photonics (Utah), Koninklijke Philips N.V. (Netherlands), Leica Microsystems (Germany), Heidelberg Engineering (U.S.), Headwall Photonics, Inc. (U.S.), Optical Imaging Ltd. (Israel), Optovue Inc. (U.S.), Optos (Scotland), and ArcScan Inc.(U.S.). Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The optical imaging market report is categorized into the following segments and subsegments:

Optical Imaging Market, By Product (Revenue, 2021-2029, USD Million)

• Imaging Systems
  • Optical Imaging Systems
  • Spectral Imaging Systems
• Cameras
• Software
• Lenses
• Illumination Systems
• Other Optical Imaging Systems

Optical Imaging Market, By Application (Revenue, 2021-2029, USD Million)

• Pathological Imaging
• Intra-Operative Imaging

Optical Imaging Market, By Technique (Revenue, 2021-2029, USD Million)

• Optical Coherence Tomography (OCT)
• Near-Infrared Spectroscopy (NIRS)
• Hyperspectral Imaging
• Photoacoustic Tomography

Optical Imaging Market, By End User (Revenue, 2021-2029, USD Million)

• Hospitals and Clinics
• Research Laboratories
• Pharmaceutical & Biotechnology Companies

Optical Imaging Market, By Region (Revenue, 2021-2029, USD Million)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA

Scope of Optical Imaging Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 15 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details