Optical Imaging Market by Technique (Optical Coherence Tomography, Hyperspectral Imaging, Photoacoustic Tomography), Product (Imaging System, Imaging software) & by Application (Ophthalmology, Neurology, Oncology, Cardiology) – Global Forecasts to 2019

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Date: 17-Oct-2014
No. of pages: 225
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Over the last decade, the optical imaging market has grown, primarily due to the widening applications of optical imaging techniques, the increased demand for safer and noninvasive imaging modalities, and a rising need to minimize the use of radiation in diagnostic imaging. The fast-growing pharmaceutical and biotechnology industries are also catalyzing the growth of the optical imaging market.

In this report, the global optical imaging market is segmented by techniques, products, application, end users and geography. The optical imaging market is mainly classified by techniques into Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy, and Photoacoustic Tomography. The optical imaging products market covers Optical Imaging Systems, Optical Imaging Cameras, Optical Imaging software, Imaging Lenses, Illumination Systems, and other optical imaging products. The optical imaging systems market is further subdivided into OCT Imaging Systems, and the Spectral Imaging Systems/ Spectral Imagers segments.

The global optical imaging market is expected to grow at a strong CAGR of 12.7% from 2014 to reach 1,669.2 million by 2019. The market is mainly driven by increasing research in the pharmaceutical and biotechnology segments, a growing demand for noninvasive modalities for therapeutic and diagnostic applications due to increasing healthcare awareness, and the successful application of optical imaging technology in medical diagnostics and therapeutics in the end-user markets. However, the high cost and data requirements, stringent regulations regarding medical devices, reimbursement challenges, lack of data validation, and operator skills are hampering the growth of this market.

During the forecast period, the OCT segment will continue to dominate the optical imaging market. OCT is growing primarily due to its successful clinical applications, especially in ophthalmology. Furthermore, the growing demand for optical imaging in pharmaceutical and biopharmaceutical industries for drug formulation and other usages is also expected to drive the growth of the optical imaging market.

By 2019, North America is expected to contribute the largest share to the global optical imaging market, followed by Europe, Asia-Pacific, and RoW. However, developed geographies like North America and Europe are likely to grow at lower CAGRs as compared to Asia-Pacific. The Asia-Pacific region is expected to show the fastest market growth during the forecast period, largely driven by increasing research funding from government and private investors, and the growing number of research laboratories in the region.

Major players in this market include Carl Zeiss Meditec AG (Germany), Topcon Medical Systems, Inc. (U.S.), Bioptigen, Inc. (U.S.), St. Jude Medical (U.S.), Volcano Corporation (U.S.), Canon, Inc. (Japan), and PerkinElmer, Inc. (U.S.).

Carl Zeiss Meditec AG (Germany), St. Jude Medical, Inc. (U.S.), and Volcano Corporation (U.S.) are the leading players, together accounting for over 50% of the global optical imaging market in 2013. St. Jude Medical, Inc. and Volcano Corporation both have a robust portfolio for optical imaging products. These players have extensive experience and expertise in OCT technology. On the other hand Carl Zeiss has a strong geographical presence, with business operations in several geographies across the globe, including Europe, North America, Latin America, Asia, Middle East, and Africa, along with a strong optical imaging product portfolio.

Reasons to Buy the Report

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (Market Penetration, Product Development/Innovation, Market Development, Market Diversification, and Competitive Assessment) for reaping a greater market share.

This report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on product portfolios offered by the top players in the optical imaging market. The report analyzes the optical imaging market by techniques, products, and applications across all regions.
  • Product Development/Innovation: Detailed insights on upcoming trends, research and development, and new product launches in the optical imaging market.
  • Market Development: Comprehensive information on lucrative emerging markets by technique, application, indication and geography.
  • Market Diversification: Information on new products, regions, recent developments, and investments in the optical imaging market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analyses of leading players in the optical imaging market.

Optical Imaging Market by Technique (Optical Coherence Tomography, Hyperspectral Imaging, Photoacoustic Tomography), Product (Imaging System, Imaging software) & by Application (Ophthalmology, Neurology, Oncology, Cardiology) – Global Forecasts to 2019

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Markets Covered
1.3 Market Scope
1.4 Stakeholders

2 Research Methodology
2.1 Research Approach
2.2 Market Size Estimation
2.3 Market Crackdown and Data Triangulation
2.4 Market Share Estimation
2.5 Key Data From Secondary Resources
2.6 Key Data From Primary Sources
2.6.1 Key Industry Insights
2.7 Assumptions for the Study

3 Executive Summary

4 Premium Insights

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Optical Imaging Market, By Product
5.2.2 Optical Imaging Market, By Technique
5.2.3 Optical Imaging Market, By Application
5.2.4 Optical Imaging Market, By End User
5.3 Market Dynamics
5.4 Key Drivers
5.4.1 Need to Minimize Use of Radiation Technologies
5.4.2 Changing Demographics in Medical Technology
5.4.3 Widening Application Areas
5.4.4 Technological Innovations
5.5 Key Restraints
5.5.1 High Costs and Data Requirements for Launching New Technologies
5.5.2 Stringent Regulations & Insufficient Reimbursements
5.5.3 Lack of Skilled Operators
5.6 Key Opportunities
5.6.1 Growing Pharmaceutical and Biotechnology Research
5.6.2 Emerging Markets
5.7 Key Challenges
5.7.1 Sustainabilty of Small and Mid-Sized Players

6 Optical Imaging Market, By Technique
6.1 Introduction
6.2 Optical Coherence Tomography (OCT)
6.3 Hyperspectral Imaging
6.4 Near-Infrared Spectroscopy (NIRS)
6.5 Photoacoustic Tomography (PAT)

7 Global Optical Imaging Market, By Product
7.1 Introduction
7.2 Optical Imaging Systems
7.2.1 OCT Imaging Systems
7.2.2 Spectral Imaging Systems/Spectral Imagers
7.3 Optical Imaging Cameras
7.4 Optical Imaging Software
7.5 Illumination Systems
7.6 Imaging Lenses
7.7 Other Optical Imaging Products

8 Global Optical Imaging Market, By Application
8.1 Introduction
8.2 Ophthalmology
8.3 Neurology
8.4 Oncology
8.5 Dermatology
8.6 Dentistry
8.7 Cardiology

9 Global Optical Imaging Market, By End User
9.1 Introduction
9.2 Pharmaceutical and Biotechnology Industry
9.3 Research Laboratories
9.4 Hospitals and Clinics

10 Global Optical Imaging Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Rest of APAC (ROAPAC)
10.5 Rest of the World
10.5.1 Middle East & Africa
10.5.2 Latin America

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis, Global Optical Imaging Market
11.3 Competitive Situation and Trends
11.4 New Product Launches
11.5 Expansions
11.6 Agreements, Partnerships, Collaborations, and Alliances
11.7 Mergers and Acquisitions
11.8 Other Developments

12 Company Profiles
12.1 Introduction
12.2 St. Jude Medical Inc.
12.2.1 Business Overview
12.2.2 Products Portfolio
12.2.3 Key Strategy
12.2.4 Recent Developments
12.2.5 SWOT Analysis
12.2.6 MNM View
12.3 Carl Zeiss Meditec Ag
12.3.1 Business Overview
12.3.2 Carl Zeiss Meditec Ag.: Company Snapshot
12.3.3 Product Portfolio
12.3.4 Key Growth Strategy
12.3.5 Recent Developments
12.3.6 SWOT Analysis
12.3.7 MNM View
12.4 Bioptigen Inc.
12.4.1 Business Overview
12.4.2 Financials
12.4.3 Product Portfolio
12.4.4 Key Strategy
12.4.5 Recent Developments
12.5 Topcon Corporation (Topcon Medical Systems, Inc.)
12.5.1 Business Overview
12.5.2 Product Portfolio
12.5.3 Key Growth Strategy
12.5.4 Recent Developments
12.5.5 SWOT Analysis
12.5.6 MNM View
12.6 Canon Inc.
12.6.1 Business Overview
12.6.2 Product Portfolio
12.6.3 Key Growth Strategy
12.6.4 Recent Developments
12.6.5 SWOT Analysis
12.6.6 MNM  View
12.7 Heidelberg Engineering Inc.
12.7.1 Business Overview
12.7.2 Financials
12.7.3 Product Portfolio
12.7.4 Key Growth Strategy
12.7.5 Recent Developments
12.8 Headwall Photonics Inc.
12.8.1 Business Overview
12.8.2 Financials
12.8.3 Product Portfolio
12.8.4 Key Growth Strategy
12.8.5 Recent Developments
12.9 Optovue, Inc.
12.9.1 Business Overview
12.9.2 Financials
12.9.3 Product Portfolio
12.9.4 Key  Growth Strategy
12.9.5 Recent Developments
12.10 Perkinelmer Inc.
12.10.1 Business Overview
12.10.2 Product Portfolio
12.10.3 Key Strategy
12.10.4 Recent Developments
12.11 Volcano Corporation
12.11.1 Business Overview
12.11.2 Product Portfolio
12.11.3 Key Strategy
12.11.4 Recent Developments
12.11.5 SWOT Analysis
12.11.6 MNM View

List of Tables

Table 1 Changing Demographics in Medical Technology & Need to Minimize the Use of Radiation Technologies to Boost Market Growth
Table 2 High Cost & Data Requirements and Stringent Regulations to Restrain Market Growth
Table 3 Growing Biotechnology & Pharmaceutical Research Provides Significant Growth Opportunities for the Market
Table 4 Global Optical Imaging Market Size, By Technique, 2012–2019 ($Million)
Table 5 Global Optical Coherence Tomography Market Size, By Geography, 2012–2019 ($Million)
Table 6 Global Hyperspectral Imaging Market Size, By Geography, 2012–2019 ($Million)
Table 7 Global Near-Infrared Spectroscopy Market Size, By Geography, 2012–2019 ($Million)
Table 8 Global Photoacoustic Tomography Market Size, By Geography, 2012–2019 ($Million)
Table 9 Global Market Size, By Product, 2012–2019 ($Million)
Table 10 Global Optical Imaging Systems Market Size, By Product, 2012–2019 ($Million)
Table 11 Global Optical Imaging Systems Market Size, By Geography, 2012–2019 ($Million)
Table 12 Global OCT Imaging Systems Market Size, By Geography, 2012–2019 ($Million)
Table 13 Global Spectral Imaging Systems Market Size, By Geography, 2012–2019 ($Million)
Table 14 Global Optical Imaging Cameras Market Size, By Geography, 2012–2019 ($Million)
Table 15 Global Optical Imaging Software Market Size, By Geography, 2012–2019 ($Million)
Table 16 Global Illumination Systems Market Size, By Geography, 2012–2019 ($Million)
Table 17 Global Imaging Lenses Market Size, By Geography, 2012–2019 ($Million)
Table 18 Global Other Optical Imaging Products Market Size, By Geography, 2012–2019 ($Million)
Table 19 Global Optical Imaging Market Size, By Application, 2012–2019 ($Million)
Table 20 Global Market Size for Ophthalmology Applications, By Geography, 2012–2019 ($Million)
Table 21 Global Optical Imaging Market Size for Neurology Application, By Geography, 2012–2019 ($Million)
Table 22 Global Market Size for Oncology Application, By Geography, 2012–2019 ($Million)
Table 23 Global Market Size for Dermatology Application, By Geography, 2012–2019 ($Million)
Table 24 Global Optical Imaging Market Size for Dentistry Application, By Geography, 2012–2019 ($Million)
Table 25 Global Optical Imaging Market Size for Cardiology Application, By Geography, 2012–2019 ($Million)
Table 26 Global Market Size, By End User, 2012–2019 ($Million)
Table 27 Global Market Size for the Pharmaceutical and Biotechnology Industry, By Geography, 2012–2019 ($Million)
Table 28 Global Optical Imaging Market Size for Research Laboratories, By Geography, 2012–2019 ($Million)
Table 29 Global Market Size for Hospitals and Clinics, By Geography, 2012–2019 ($Million)
Table 30 North America: Market Size, By Country, 2012–2019 ($Million)
Table 31 North America: Market Size, By Product, 2012–2019 ($Million)
Table 32 North America: Market Size, By Technique, 2012–2019 ($Million)
Table 33 North America: Market Size, By Application, 2012–2019 ($Million)
Table 34 North America: Market Size, By End User, 2012–2019 ($Million)
Table 35 U.S.: Market Size, By Product, 2012–2019 ($Million)
Table 36 U.S.: Market Size, By Technique, 2012–2019 ($Million)
Table 37 U.S.: Market Size, By Application, 2012–2019 ($Million)
Table 38 U.S.: Market Size, By End User, 2012–2019 ($Million)
Table 39 Canada: Market Size, By Product, 2012–2019 ($Million)
Table 40 Canada: Market Size, By Technique, 2012–2019 ($Million)
Table 41 Canada: Market Size, By Application, 2012–2019 ($Million)
Table 42 Canada: Market Size, By End User, 2012–2019 ($Million)
Table 43 Europe: Market Size, By Country, 2012–2019 ($Million)
Table 44 Europe: Market Size, By Product, 2012–2019 ($Million)
Table 45 Europe: Market Size, By Technique, 2012–2019 ($Million)
Table 46 Europe: Market Size, By Application, 2012–2019 ($Million)
Table 47 Europe: Market Size, By End User, 2012–2019 ($Million)
Table 48 Germany: Market Size, By Product, 2012–2019 ($Million)
Table 49 Germany: Market Size, By Technique, 2012–2019 ($Million)
Table 50 Germany: Market Size, By Application, 2012–2019 ($Million)
Table 51 Germany: Market Size, By End User, 2012–2019 ($Million)
Table 52 U.K.: Market Size, By Product, 2012–2019 ($Million)
Table 53 U.K.: Market Size, By Technique, 2012–2019 ($Million)
Table 54 U.K.: Market Size, By Application, 2012–2019 ($Million)
Table 55 U.K.: Market Size, By End User, 2012–2019 ($Million)
Table 56 France: Market Size, By Product, 2012–2019 ($Million)
Table 57 France: Market Size, By Technique, 2012–2019 ($Million)
Table 58 France: Market Size, By Application, 2012–2019 ($Million)
Table 59 France: Market Size, By End User, 2012–2019 ($Million)
Table 60 Italy: Market Size, By Product, 2012–2019 ($Million)
Table 61 Italy: Market Size, By Technique, 2012–2019 ($Million)
Table 62 Italy: Market Size, By Application, 2012–2019 ($Million)
Table 63 Italy: Market Size, By End User, 2012–2019 ($Million)
Table 64 Spain: Market Size, By Product, 2012–2019 ($Million)
Table 65 Spain: Market Size, By Technique, 2012–2019 ($Million)
Table 66 Spain: Market Size, By Application, 2012–2019 ($Million)
Table 67 Spain: Market Size, By End User, 2012–2019 ($Million)
Table 68 ROE: Market Size, By Product, 2012–2019 ($Million)
Table 69 ROE: Market Size, By Technique, 2012–2019 ($Million)
Table 70 ROE: Market Size, By Application, 2012–2019 ($Million)
Table 71 ROE: Market Size, By End User, 2012–2019 ($Million)
Table 72 Asia-Pacific: Market Size, By Country, 2012–2019 ($Million)
Table 73 Asia-Pacific: Market Size, By Product, 2012–2019 ($Million)
Table 74 Asia-Pacific: Market Size, By Technique, 2012–2019 ($Million)
Table 75 Asia-Pacific: Market Size, By Application, 2012–2019 ($Million)
Table 76 Asia-Pacific: Market Size, By End User, 2012–2019 ($Million)
Table 77 Japan: Market Size, By Country, 2012–2019 ($Million)
Table 78 Japan: Market Size, By Product, 2012–2019 ($Million)
Table 79 Japan: Market Size, By Technique, 2012–2019 ($Million)
Table 80 Japan: Market Size, By Application, 2012–2019 ($Million)
Table 81 Japan: Market Size, By End User, 2012–2019 ($Million)
Table 82 China: Market Size, By Country, 2012–2019 ($Million)
Table 83 China: Market Size, By Product, 2012–2019 ($Million)
Table 84 China: Market Size, By Technique, 2012–2019 ($Million)
Table 85 China: Market Size, By Application, 2012–2019 ($Million)
Table 86 China: Market Size, By End User, 2012–2019 ($Million)
Table 87 India: Market Size, By Country, 2012–2019 ($Million)
Table 88 India: Market Size, By Product, 2012–2019 ($Million)
Table 89 India: Market Size, By Technique, 2012–2019 ($Million)
Table 90 India: Market Size, By Application, 2012–2019 ($Million)
Table 91 India: Market Size, By End User, 2012–2019 ($Million)
Table 92 ROAPAC: Market Size, By Country, 2012–2019 ($Million)
Table 93 ROAPAC: Market Size, By Product, 2012–2019 ($Million)
Table 94 ROAPAC: Market Size, By Technique, 2012–2019 ($Million)
Table 95 ROAPAC: Market Size, By Application, 2012–2019 ($Million)
Table 96 ROAPAC: Market Size, By End User, 2012–2019 ($Million)
Table 97 ROW: Market Size, By Country, 2012–2019 ($Million)
Table 98 ROW: Market Size, By Product, 2012–2019 ($Million)
Table 99 ROW: Market Size, By Technique, 2012–2019 ($Million)
Table 100 ROW: Market Size, By Application, 2012–2019 ($Million)
Table 101 ROW: Market Size, By End User, 2012–2019 ($Million)
Table 102 Middle East & Africa: Market Size, By Country, 2012–2019 ($Million)
Table 103 Middle East & Africa: Market Size, By Product, 2012–2019 ($Million)
Table 104 Middle East & Africa: Market Size, By Technique, 2012–2019 ($Million)
Table 105 Middle East & Africa: Market Size, By Application, 2012–2019 ($Million)
Table 106 Middle East & Africa: Market Size, By End User, 2012–2019 ($Million)
Table 107 Latin America: Market Size, By Country, 2012–2019 ($Million)
Table 108 Latin America: Market Size, By Product, 2012–2019 ($Million)
Table 109 Latin America: Market Size, By Technique, 2012–2019 ($Million)
Table 110 Latin America: Market Size, By Application, 2012–2019 ($Million)
Table 111 Latin America: Market Size, By End User, 2012–2019 ($Million)
Table 112 New Product Launches, 2011–2014
Table 113 Expansions, 2011–2014
Table 114 Agrrements, Partnerships, Collaborations, and Alliances, 2011–2014
Table 115 Mergers and Acquisitions, 2011–2014
Table 116 Other Developments, 2011–2014

List of Figures

Figure 1 Global Optical Imaging Market
Figure 2 Research Methodology
Figure 3 Breakdown of Primary Interviews: By Company Type , Designation, and Region
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market Segmentation, By Product
Figure 8 Market Segmentation, By Technique
Figure 9 Market Segmentation, By Application
Figure 10 Market Segmentation, By End User
Figure 11 Technological Innovations, Wide Application Areas, & Changing Demographics to the Demand for Optical Imaging Techniques
Figure 12 Sustainability of Small and Mid-Sized Players in Highly Competitive Market is A Major Challenge
Figure 13 North America Will Continue to Dominate the Global Imaging Techniques Market in 2019
Figure 14 Optical Coherence Tomography Accounts for the Largest Share of More Than 4/5 of Global Optical Imaging Market in 2014
Figure 15 Optical Imaging Systems Will Continue to Dominate the Global Optical Imaging Products Market With More Than 1/2 Market Share in 2019
Figure 16 OCT Imaging Systems Accounts for More Than 4/5 Share of the Global Optical Imaging Systems Market in 2014
Figure 17 North America Will Continue to Dominate the Optical Imaging Application Market in 2019
Figure 18 Ophthalmology Accounts for the Largest  Share of the Global Optical Imaging Application Market
Figure 19 Companies Adopted New Product Launches As the Key Growth Strategy Over the Last Three Years
Figure 20 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 21 Geographic Revenue Mix of Top 5 Market Players
Figure 22 St. Jude Medical, Inc.: Company Snapshot
Figure 23 Topcon Corporation : Company Snapshot
Figure 24 Canon Inc. : Company Snapshot
Figure 25 Perkinelmer Inc.: Company Snapshot
Figure 26 Volcano Corporation: Company Snapshot

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