Optical Imaging Market

The global optical imaging market stood at US$ 2.33 Billion in the year 2022 and is expected to reach US$ 6.5 Billion by the year 2032 at a CAGR of 10.8% between 2022 and 2032.

With rising preference for non-invasive technology along with increasing incidences of ocular disorders and chronic diseases, the optical imaging market is expected to go great guns in the forecast period. Besides, the end-users are harping on early detection of the diseases.

Optical imaging systems are positively used in diagnosing a disease, preclinical integration, and scanning of multiple molecular and cellular in-vivo processes like protein degradation, protein integration, and protease activity. The pharmaceutical and biotechnology companies have given a thumbs up to optical imaging.

As per the CDC, the US is subject to ~7% of children less than 18 years of age who have deformed vision. It also states that close to 12 Million people aged 40 and above in the US suffer from impairment of vision; which are inclusive of 3 Million having vision impairment post-correction, 8 Million continuing with vision impairment owing to uncorrected refractive error, and 1 Million who suffer from blindness.

Optical coherence tomography dominates the optical imaging market. It, in fact, holds more than 60% of the overall market share due to optical imaging being increasingly adopted for intravascular imaging in the field of diagnostics.

Photoacoustic tomography is expected to witness growth at a rapid pace. This is evident from the fact that it is likely to witness a staggering CAGR of ~14% going forward. The type of tomography mentioned above comes across as one of the hybrid non-invasive modalities for functional as well as molecular imaging.

Future Market Insights has etched these findings with future perspectives in its latest market study entitled ‘Optical Imaging Market’. The team of analysts and consultants is there to apply its 360-degree view to primary, secondary, and tertiary research with macro- as well as micro-level placement of statistics.

“With the fact that optical imaging does employ non-ionizing radiation that notably minimizes exposure of patients to radiation, the global optical imaging market is bound to grow graciously in the forecast period”, says an analyst from Future Market Insights.