Optical Imaging Systems Market
Optical Imaging Systems Market Size, Share & Trends Analysis Report by Product (Imaging Systems, Optical Imaging Software, and Illumination Systems), by Application (Ophthalmology, Dentistry, Dermatology, Cardiology, Neurology, Oncology, Biotechnology and Research, and Others), by Technique (Optical Coherence Tomography, Near Infrared Spectroscopy, Hyperspectral Imaging, and Photoacoustic Tomography), and by End-User (Diagnostic Imaging Center, Hospitals and Clinics, and Research Laboratories) Forecast Period (2024-2031)
Optical imaging systems market is anticipated to grow at a CAGR of 11.4% during the forecast period (2024-2031). Optical imaging systems have become increasingly popular with advancements in imaging techniques such as optical coherence tomography (OCT), photoacoustic imaging, and near-infrared spectroscopy. These systems play an essential role in diagnosing and monitoring eye and cardiovascular diseases, as well as facilitating early cancer detection in the oncology field. The increased funding for R&D of non-invasive diagnostic procedures is a key factor driving the global industry growth.
Market Dynamics
Growing Prevalence of Chronic Diseases
The increasing prevalence of chronic diseases such as cardiovascular disease, cancer, and diabetes necessitates the use of advanced diagnostic tools like optical imaging systems for early detection and effective treatment planning. According to the World Health Organisation, in September 2023, chronic diseases were responsible for a significant number of global mortalities, with 41 million individuals mortality each year, accounting for 74.0% of all mortalities globally. These facts depict the urgency to address the major chronic diseases, such as cardiovascular diseases (17.9 million mortalities annually), cancers (9.3 million mortalities), chronic respiratory diseases (4.1 million mortalities), and mortalities (2.0 million deaths, including kidney disease caused by diabetes).
Increasing Geriatric Population
The geriatric population is highly susceptible to age-related diseases such as macular degeneration and cataracts. According to the World Health Organization (WHO), in October 2022, the global population of individuals aged 60 years and older is projected to increase significantly to 2.1 billion, with the number of individuals aged 80 years or older expected to triple to reach 426.0 million. Therefore, the growing geriatric population is anticipated to drive the demand for optical imaging systems for early diagnosis of chronic disorders.
Market Segmentation
- Based on product, the market is segmented into imaging systems, optical imaging software, and illumination systems.
- Based on application, the market is segmented into ophthalmology, dentistry, dermatology, cardiology, neurology, oncology, biotechnology and research, and others (pre-clinical and clinical research).
- Based on technique, the market is segmented into optical coherence tomography, near-infrared spectroscopy, hyperspectral imaging, and photoacoustic tomography.
- Based on end-users, the market is segmented into diagnostic imaging centers, hospitals and clinics, and research laboratories.
Oncology is Projected to Emerge as the Largest Segment
The increasing number of cancer cases, ongoing oncology research and clinical trials, and the development of advanced optical imaging systems for the early diagnosis and on-time treatment of cancer is a key factors driving the growth of this market segment. According to the National Breast Cancer Foundation, in April 2024, breast cancer affects a significant number of individuals in the US, with approximately 1 in 8 women and a smaller number of men being diagnosed with the disease. In 2024, it is projected that 310,720 women and 2,800 men will receive a diagnosis of invasive breast cancer.
Regional Outlook
The global optical imaging systems market is segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Technological Advancements in Optical Imaging Technologies in North America
The regional market growth is driven by continuous technological advancements in optical imaging technologies such as improvements in resolution, sensitivity, and speed across the region. For instance, in November 2023, Fujifilm Healthcare Americas Corp. launched new medical systems at the Radiological Society of North America's (RSNA) annual meeting. The company possesses digital radiography suites, fluoroscopy systems, a 0.4T MRI system, and a 128-slice CT system. These systems aim to simplify X-ray scans, deliver consistent, efficient exams, and simplify exam access.
Global Optical Imaging Systems Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
The high prevalence of chronic disorders with the growing geriatric population is a key factor driving the growth of the regional market. According to government statistics, in January 2024, China's population aged 60 and above accounted for approximately 297 million individuals in 2023, which represents 21.1% of the total population. The increasing healthcare expenditure across the region is further aiding the regional market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the optical imaging systems market include Abbott Laboratories, Carl Zeiss AG, GE HealthCare Technologies Inc., PerkinElmer Inc., and Thermo Fisher Scientific Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market. For instance, in February 2024, Bruker Corp. acquired Spectral Instruments Imaging, a provider of preclinical in-vivo optical imaging systems. The acquisition fills a gap in the Bruker BioSpin Preclinical Imaging division, expanding its range of preclinical solutions for disease research.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global optical imaging systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Abbott Laboratories
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Carl Zeiss AG
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. GE HealthCare Technologies Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Optical Imaging Systems Market by Product
4.1.1. Imaging Systems
4.1.2. Optical Imaging Software
4.1.3. Illumination Systems
4.2. Global Optical Imaging Systems Market by Application
4.2.1. Ophthalmology
4.2.2. Dentistry
4.2.3. Dermatology
4.2.4. Cardiology
4.2.5. Neurology
4.2.6. Oncology
4.2.7. Biotechnology and Research
4.2.8. Others (Pre-clinical and Clinical Research)
4.3. Global Optical Imaging Systems Market by Technique
4.3.1. Optical Coherence Tomography
4.3.2. Near Infrared Spectroscopy
4.3.3. Hyperspectral Imaging
4.3.4. Photoacoustic Tomography
4.4. Global Optical Imaging Systems Market by End-User
4.4.1. Diagnostic Imaging Center
4.4.2. Hospitals and Clinics
4.4.3. Research Laboratories
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Canon Medical Systems Corp.
6.2. HAMAMATSU Group
6.3. Headwall Photonics, Inc.
6.4. Hitachi High-Tech Corp.S
6.5. HORIBA, Ltd.
6.6. Koninklijke Philips N.V.
6.7. Leica Microsystems GmbH
6.8. Mediso Ltd.
6.9. MKS Instruments, Inc.
6.10. Nikon Corp.
6.11. Nikon Metrology NV
6.12. Olympus Corp.
6.13. PerkinElmer Inc.
6.14. Prior Scientific
6.15. Santec Holdings Corp.
6.16. StellarNet, Inc.
6.17. Teledyne Digital Imaging Inc.
6.18. Thermo Fisher Scientific Inc.
6.19. Thorlabs Inc.
6.20. Topcon Corp.
1. Global Optical Imaging Systems Market Research And Analysis By Product, 2023-2031 ($ Million)
2. Global Optical Imaging Systems Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Optical Imaging Software Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Optical Imaging Illumination Systems Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Optical Imaging Systems Market Research And Analysis By Application 2023-2031 ($ Million)
6. Global Optical Imaging Systems In Ophthalmology Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Optical Imaging Systems In Dentistry Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Optical Imaging Systems In Dermatology Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Optical Imaging Systems In Cardiology Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Optical Imaging Systems In Neurology Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Optical Imaging Systems In Oncology Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Optical Imaging Systems In Biotechnology And Research Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Optical Imaging Systems In Other Application Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Optical Imaging Systems Market Research And Analysis By Technique, 2023-2031 ($ Million)
15. Global Optical Imaging Systems With Optical Coherence Tomography Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global Optical Imaging Systems With Near-Infrared Spectroscopy Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global Optical Imaging Systems With Hyperspectral Imaging Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Optical Imaging Systems With Photoacoustic Tomography Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global Optical Imaging Systems Market Research And Analysis By End-User, 2023-2031 ($ Million)
20. Global Optical Imaging Systems For Diagnostic Imaging Center Market Research And Analysis By Region, 2023-2031 ($ Million)
21. Global Optical Imaging Systems For Hospitals And Clinics Market Research And Analysis By Region, 2023-2031 ($ Million)
22. Global Optical Imaging Systems For Research Laboratories Market Research And Analysis By Region, 2023-2031 ($ Million)
23. Global Optical Imaging Systems Market Research And Analysis By Region, 2023-2031 ($ Million)
24. North American Optical Imaging Systems Market Research And Analysis By Country, 2023-2031 ($ Million)
25. North American Optical Imaging Systems Market Research And Analysis By Product, 2023-2031 ($ Million)
26. North American Optical Imaging Systems Market Research And Analysis By Application, 2023-2031 ($ Million)
27. North American Optical Imaging Systems Market Research And Analysis By Technique, 2023-2031 ($ Million)
28. North American Optical Imaging Systems Market Research And Analysis By End-User, 2023-2031 ($ Million)
29. European Optical Imaging Systems Market Research And Analysis By Country, 2023-2031 ($ Million)
30. European Optical Imaging Systems Market Research And Analysis By Product, 2023-2031 ($ Million)
31. European Optical Imaging Systems Market Research And Analysis By Application, 2023-2031 ($ Million)
32. European Optical Imaging Systems Market Research And Analysis By Technique, 2023-2031 ($ Million)
33. European Optical Imaging Systems Market Research And Analysis By End-User, 2023-2031 ($ Million)
34. Asia-Pacific Optical Imaging Systems Market Research And Analysis By Country, 2023-2031 ($ Million)
35. Asia-Pacific Optical Imaging Systems Market Research And Analysis By Product, 2023-2031 ($ Million)
36. Asia-Pacific Optical Imaging Systems Market Research And Analysis By Application, 2023-2031 ($ Million)
37. Asia-Pacific Optical Imaging Systems Market Research And Analysis By Technique, 2023-2031 ($ Million)
38. Asia-Pacific Optical Imaging Systems Market Research And Analysis By End-User, 2023-2031 ($ Million)
39. Rest Of The World Optical Imaging Systems Market Research And Analysis By Region, 2023-2031 ($ Million)
40. Rest Of The World Optical Imaging Systems Market Research And Analysis By Product, 2023-2031 ($ Million)
41. Rest Of The World Optical Imaging Systems Market Research And Analysis By Application, 2023-2031 ($ Million)
42. Rest Of The World Optical Imaging Systems Market Research And Analysis By Technique, 2023-2031 ($ Million)
43. Rest Of The World Optical Imaging Systems Market Research And Analysis By End-User, 2023-2031 ($ Million)
1. Global Optical Imaging Systems Market Share By Product, 2023 Vs 2031 (%)
2. Global Optical Imaging Systems Market Share By Region, 2023 Vs 2031 (%)
3. Global Optical Imaging Software Market Share By Region, 2023 Vs 2031 (%)
4. Global Optical Imaging Illumination Systems Market Share By Region, 2023 Vs 2031 (%)
5. Global Optical Imaging Systems Market Share By Application, 2023 Vs 2031 (%)
6. Global Optical Imaging Systems In Ophthalmology Market Share By Region, 2023 Vs 2031 (%)
7. Global Optical Imaging Systems In Dentistry Market Share By Region, 2023 Vs 2031 (%)
8. Global Optical Imaging Systems In Dermatology Market Share By Region, 2023 Vs 2031 (%)
9. Global Optical Imaging Systems In Cardiology Market Share By Region, 2023 Vs 2031 (%)
10. Global Optical Imaging Systems In Oncology Market Share By Region, 2023 Vs 2031 (%)
11. Global Optical Imaging Systems In Other Application Market Share By Region, 2023 Vs 2031 (%)
12. Global Optical Imaging Systems Market Share By Technique, 2023 Vs 2031 (%)
13. Global Optical Imaging Systems With Optical Coherence Tomography Market Share By Region, 2023 Vs 2031 (%)
14. Global Optical Imaging Systems With Near-Infrared Spectroscopy Market Share By Region, 2023 Vs 2031 (%)
15. Global Optical Imaging Systems With Hyperspectral Imaging Market Share By Region, 2023 Vs 2031 (%)
16. Global Optical Imaging Systems With Photoacoustic Tomography Market Share By Region, 2023 Vs 2031 (%)
17. Global Optical Imaging Systems Market Share By End-User, 2023 Vs 2031 (%)
18. Global Optical Imaging Systems For Diagnostic Imaging Center Market Share By Region, 2023 Vs 2031 (%)
19. Global Optical Imaging Systems For Hospitals And Clinics Market Share By Region, 2023 Vs 2031 (%)
20. Global Optical Imaging Systems For Research Laboratories Market Share By Region, 2023 Vs 2031 (%)
21. Global Optical Imaging Systems Market Share By Region, 2023 Vs 2031 (%)
22. US Optical Imaging Systems Market Size, 2023-2031 ($ Million)
23. Canada Optical Imaging Systems Market Size, 2023-2031 ($ Million)
24. UK Optical Imaging Systems Market Size, 2023-2031 ($ Million)
25. France Optical Imaging Systems Market Size, 2023-2031 ($ Million)
26. Germany Optical Imaging Systems Market Size, 2023-2031 ($ Million)
27. Italy Optical Imaging Systems Market Size, 2023-2031 ($ Million)
28. Spain Optical Imaging Systems Market Size, 2023-2031 ($ Million)
29. Rest Of Europe Optical Imaging Systems Market Size, 2023-2031 ($ Million)
30. India Optical Imaging Systems Market Size, 2023-2031 ($ Million)
31. China Optical Imaging Systems Market Size, 2023-2031 ($ Million)
32. Japan Optical Imaging Systems Market Size, 2023-2031 ($ Million)
33. South Korea Optical Imaging Systems Market Size, 2023-2031 ($ Million)
34. Rest Of Asia-Pacific Optical Imaging Systems Market Size, 2023-2031 ($ Million)
35. Latin America Optical Imaging Systems Market Size, 2023-2031 ($ Million)
36. Middle East And Africa Optical Imaging Systems Market Size, 2023-2031 ($ Million)
