The global optical imaging market revenue was US$ 1539.3 million in 2021. The global optical imaging market revenue is forecast to reach US$ 3,865.7 million by 2030, growing at a compound annual growth rate (CAGR) of 11% during the forecast period from 2022 to 2030.

An optical imaging technique uses X-rays to visualize the internal body structure non-invasively. It utilizes visible light and photons' desired properties to obtain precise images of cells, molecules, and organs, as well as organs and tissues. Scientists use these images for research and clinicians for the diagnosis and treatment of diseases. Optical imaging techniques include endoscopy, photoacoustic imaging, terahertz tomography, diffuse optical tomography (DOT), Raman spectroscopy, super-resolution microscopy, and optical coherence tomography (OCT).

Factors Influencing Market Growth

Increasing government initiatives designed to control vision impairment and a growing elderly population, who are more susceptible to diseases such as neurological disorders, ophthalmic conditions, and cardiovascular conditions, drive the growth of the global optical imaging market.
The increasing prevalence of eye disorders such as glaucoma and cataract propel the global optical imaging market's growth.
The absence of optical imaging technologies in underdeveloped countries may have a negative impact on the global optical imaging market growth.
The optical imaging market is forecast to grow strongly in developing nations, driven by an increase in investments related to healthcare infrastructure and an increase in awareness related to optical imaging, which will open up opportunities for manufacturers.
Impact Analysis of COVID-19

COVID-19 has resulted in a rapid decline in optical imaging case volume at many imaging & diagnostic departments. Reduced optical imaging cases have significant implications for all practice settings in short- and long-term economic stability. According to a study from the Journal of the American College of Radiology (JACR), the number of imaging exams performed over a seven-week period during this global health crisis decreased by nearly 28%, including all patient service locations and image types. Furthermore, almost all countries postponed non-essential imaging procedures until further notice. Additionally, the key vendors in this market faced severe problems due to the mismanagement of their supply chains. The COVID-19 pandemic, therefore, negatively impacted the growth of the optic imaging market by reducing demand for these optical imaging services.

Regional Insights

During the forecast period, Asia-Pacific will exhibit the highest growth in the optical imaging market. A number of initiatives and increased investments from governments have encouraged the overall research and development of advanced optical imaging systems. Moreover, the growing application of optical imaging techniques in drug discovery and preclinical research, along with increased demand for optical imaging to minimize radiation usage, are driving the regional growth of the optical imaging market.

Leading Competitors

The leading prominent companies profiled in the global optical imaging market are:

Abbott Laboratories
Canon Incorporated
Carl Zeiss Foundation
Cylite Pty Limited
Danaher Corporation
Heildelberg Engineering GmbH
Koninklijke Philips N.V.
Michelson Diagnostics Limited
Optovue, Limited
Topcon Corporation
Other Prominent Players
Scope of the Report

The global optical imaging market segmentation focuses on Product Type, Therapeutic Area, End-User, and Region.

Segmentation based on Product Type

Imaging Systems
Optical Imaging Systems
Spectral Imaging Systems
Illumination Systems
Camera
Software
Lenses
Segmentation based on Therapeutic Area

Ophthalmology
Oncology
Cardiology
Neurology
Others
Segmentation based on End-User

Hospitals & clinics
Research Laboratories
Pharmaceuticals & Biotechnology companies
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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