Contact Us

Optical imaging is an emerging non-invasive technique used for capturing images of the internal parts of the body. Visible light and photons are incorporated to take the complete image of internal organs and tissues, the images of smaller structures are also taken, which include cells and molecules. Optical imaging uses the properties of photons such absorption and scattering, the spectra of light measures and perceives the properties of organs and soft tissues. Although, optical imaging technology is at its early phase of development, a wide range of technological advantages are offered over current imaging technologies. The images are referred by doctors for diagnosis and treatment of various diseases and by scientists for carrying out diverse research work. Optical imaging has proved to be much harmless and efficient compared to MRI and X-ray that use ionizing radiation for imaging.

The non-invasive technology and increasing prevalence is expected to boost the growth of optical imaging market

According to the World Health Organization in 2012, population above 65 years has grown the highest and is expected to rise from 13% in 2010 to 53% by 2020.  The key factors contributing to the growth of the optical imaging market are high prevalence of neurological and ophthalmologic disorders, increase in R&D activities in the life sciences sector, preclinical research, rising demand for radiation free imaging modalities in drug discovery processes. Moreover, the provision to acquire in-depth images of complex components of eyes, surface tissues, membranes vascular systems and gastrointestinal tract are driving the growth of the global market. Furthermore, vast application scope of the advance optical imaging products, operator and patient safety and comfort are other factors driving the growth. The emerging state of optical imaging market is also due to the use of non-ionizing radiations that reduce the harmful radiation exposure of patients.

Development in healthcare infrastructure and rising prevalence of chronic diseases is expected to dominate North American optical imaging market

North America dominates the global optical imaging industry as the high usage of the optical imaging technologies in applications like oncology, dentistry and dermatology. It also comprises of huge geriatric population suffering from disorders that require optical imaging devices, which in turn will contribute towards the growth of optical imaging market. According to the National Institute of Aging in 2015, 524 million people were aged 65 or older in 2010 and by 2050 it is estimated to nearly triple to about 1.5 billion, which will represent 16 percent of the world’s population. Key factors responsible for the rapid growth of Asia-Pacific market is the presence of high patient population suffering from various disorders along with high prevalence of chronic diseases. Increasing healthcare awareness, development of healthcare infrastructure, growing purchase power will fuel the growth of global optical imaging market.

Key players operating in the optical imaging market are Abbott, Bioptigen, Inc., Topcon Medical systems, Inc., Carl Zeiss Meditec AG, Heidelberg Engineering, Inc., Santec Corporation, Headwall Photonics, Inc., AGFA Healthcare, Headwall Photonics, Inc. and Optovue, Inc.

Key Developments –

  1. In May 2019, Santec Corporation, manufacturer of optical components and OCT systems, announced the collaboration with Alcon Inc. Under the collaboration Santec’s product ARGOS diagnostic testing is planned to integrate with Alcon’s Cataract Refractive Suite Technologies. Additionally, Alcon was responsible for global distribution of ARGOS biometer
  2. In May 2019, Santec Corporation received U.S Food and Drug Administration (FDA) approval for its advanced version of SS-OCT biometer ARGOS used to measure eye parameters for patients before cataract surgery.
  3. In April 2018, Abbott initiated (ILUMIEN IV) the clinical studies for comparative evaluation of long term effects on patients who undergone stent implantation procedures guided by optical coherence tomography versus angiography. Abbott’s OCT imaging is utilized in the trials for the patients with high-risk, complex coronary artery disease.
  4. In February 2017, Johnson & Johnson acquired Abbott Medical Optics (AMO), subsidiary of Abbott Laboratories. This acquisition includes the ophthalmic products of Abbott such as cataract surgery, laser refractive surgery and consumer eye health which will be combined with the Johnson & Johnson leading ACUVUE Brand Contact Lenses business
  5. In 2015, Leica Microsystems announced the acquisition of Bioptigen Inc., developer of eye imaging medical device. Under the acquisition Leica planned to integrate OCT imaging of Bioptigen with its existing suite of surgical microscopes.
  6. In December 2015, Bioptigen Inc., subsidiary of Leica Microsystems received 510(k) clearance from the U.S. Food and Drug Administration for its EnFocus intrasurgical OCT system developed for advanced solution for new and existing ophthalmic surgical microscopes in order to enhance their capability

The global optical imaging market is segmented on the basis of product type, therapeutic area, application, end user and geography.

On the basis of product type,

  • Imaging systems
    • Optical Imaging Systems
    • Spectral Imaging Systems
  • Software
  • Lenses
  • Illumination systems
  • Cameras
  • Others

On the basis of therapeutic area,

  • Neurology
  • Oncology
  • Dentistry
  • Dermatology
  • Ophthalmology
  • Cardiology
  • Others

On the basis of applications,

  • Pre-clinical and clinical research
  • Intra-operative Imaging
  • Pathological imaging

On the basis of end user,

  • Diagnostic Imaging Centers
  • Hospitals
  • Research Laboratories

On the basis of Geography,

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
N/A

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users