New imaging technology is making it possible for us to view our world and everything in it with greater accuracy than ever before. Optical Coherence Tomography (OCT), Hyper Spectral Imaging (HSI), Near Infrared Spectroscopy (NIRS) and Photo- Acoustic Tomography (PAT) estimated to grow at CAGR of 11.37 percent from 2013 to 2018, according to a research report.
In fact, the optical imaging technologies market was at $915.75 million in 2012 and is estimated to reach $1.9 billion by 2018. The research report provides 10 market data tables with 36 figures and 147 slides taking an in-depth look at this market.
The growth of this industry can be attributed to a shift in healthcare in which non-invasive diagnostic and therapeutic procedures are becoming a reliable medical treatment. Optical imaging is able to diagnose health conditions before they become problematic for the patient and very costly for the healthcare provider.
Although the full potential of this technology has not been achieved as of yet, new imaging techniques are being created to improve diagnostics. Full imaging of the body starting from the molecular level all the way to tissues and other biological components gives doctors and researchers better ways of treating any type of disorder. As the technology improves and it gains widespread clinical acceptance and the cost is more feasible, imaging facilities will be commonplace.
Additionally, the research points out OCT, PAT, HIS and NIRS technologies will have a greater influence in the global optical imaging market for the next five years. The United States is the biggest market for imaging equipment followed by Europe and emerging economies such as the Middle East and Asia-Pacific.
The companies profiled in the report which are considered relevant players in the industry are: Michelson Diagnostics, Heidelberg Engineering GmBH, Carl Zeiss Meditec, Volcano Corporation, Topcon Medical Systems Inc., St. Jude Medical Inc., Headwall Photonics, Cytoviva Inc., ChemImage Corporation, Bioptigen Inc., Raytheon ELCAN Optical Technologies, Somanetics Corporation and ASE Optics Inc.
Edited by Jamie Epstein