The Worldwide Optical Imaging Techniques Industry is Expected to Reach $3.6 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Optical Imaging Techniques - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Optical Imaging Techniques estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 11.4% over the analysis period 2020-2027.

Optical Coherence Tomography, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$1.7 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hyperspectral Imaging segment is readjusted to a revised 10.3% CAGR for the next 7-year period. This segment currently accounts for a 26.5% share of the global Optical Imaging Techniques market.

The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 10.9% CAGR for the Period of 2020-2027

The Optical Imaging Techniques market in the U.S. is estimated at US$504.2 Million in the year 2020. The country currently accounts for a 29.52% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$634.4 Million in the year 2027 trailing a CAGR of 10.9% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR while Rest of European market (as defined in the study) will reach US$634.4 Million by the year 2027.

Near-infrared Spectroscopy Segment Corners a 19.7% Share in 2020

In the global Near-infrared Spectroscopy segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$269.8 Million in the year 2020 will reach a projected size of US$506.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$426.4 Million by the year 2027.

Select Competitors (Total 42 Featured) -

• Abbott Laboratories
• Agfa-Gevaert Group
• ASE Optics Europe
• Canon U.S.A., Inc.
• Carl-Zeiss Meditec AG
• ChemImage Corporation
• Cytoviva Inc.
• Headwall Photonics, Inc.
• Heidelberg Engineering GmbH
• Koninklijke Philips N.V.
• Leica Microsystems GmbH
• Optical Imaging Ltd.
• PerkinElmer, Inc.
• Topcon Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• An Introduction to Optical Imaging
• Optical Imaging: Current Market Scenario and Outlook
• Developed Regions: Dominant Consumers of Optical Imaging Technologies
• Developing Regions to Spearhead Future Growth
• Key Factors Driving Demand for Medical Imaging Services in Developing Regions
• Growing Healthcare Awareness
• Increased Access to Healthcare and Surge in Number of Hospitals & Clinics
• Proliferation of Medical Tourism
• Optical Coherence Tomography: Major Optical Imaging Technique
• Robust Opportunities for Hyperspectral Imaging
• Near-infrared Spectroscopy Gains Traction
• Photoacoustic Tomography Set to Make Gains

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Hospitals & Clinics: Dominant Consumers of Optical Imaging Solutions
• Optical Imaging Remains Highly Relevant in Research Laboratories
• Rising Prominence of Optical Imaging Technologies for Pharmaceutical & Biotech Firms
• Growing Investments in Healthcare & Lifescience Sectors Create Conducive Environment for Growth of Optical Imaging Market
• High Growth Opportunities in Oncology Care
• Growing Adoption in Cardiology Applications Bodes Well
• Demographic Factors Favor Growth
• Market Stands to Gain from Expanding Geriatric Population

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/9v019d

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Laura Wood, Senior Press Manager
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