13th February 2020 – According to new research study available with Million Insights, market
report on Optical Imaging System is foretold to provide a robust
support for industry players to lay a solid foundation for their business
growth. It includes a comprehensive evaluation of the market’s growth status
and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
The global Optical Imaging System Market
is expected to value at USD 3.0 billion by 2024. The optical imaging system
industry is subject to witness a substantial growth due to increase in
occurrence of chronic diseases and growing demand for advanced diagnostic
facilities. Other factors such as accelerated drug discovery & research and
development of advanced diagnostic techniques contribute to the growth of live
cell imaging market in both developed and developing economies across the
globe.
Additionally, growing popularity of
kinetic research instead of fixed cellular analysis is predicted to drive
market expansion during the forecast period. Globally, the optical imaging
system market is predicted to grow at higher CAGR in the forecast period, providing
numerous opportunities for market players to invest for research and
development in the market.
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a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/optical-imaging-system-market/request-sample
Additionally, optical imaging systems
are essential to perform advanced imaging and diagnostic for ophthalmology,
thereby propelling market demand, in the recent years. Advancements in optical
imaging system and design modification to enhance overall performance leads to
a vast set of applications in the areas of dermatology, cardiology and others. The
wide range of applications of optical imaging systems are expected to fuel
market growth over the forecast period.
Adoption of optical imaging and
diagnostic systems by cardiologist in order to locate and treat coronary artery
disease is expected to play critical role in the robust growth of optical
imaging system industry in the near future. The recent technological
advancement in the healthcare sector coupled with development of novel products
& techniques to perform tissue imaging and endoscopy are anticipated to
foster market growth in the upcoming years.
In addition, early adoption of optical
imaging system helps to enhance care delivery given to patients, thereby
positively influencing market demand for medical cameras. Additionally, use of
optical imaging system helps to identify early symptoms diseases from going
unnoticed. These factors are expected to boost the growth of optical imaging
system market over the forecast period.
Increasing collaboration among private
players and various research institutes & universities to produce
innovative products and co-develop advanced imaging techniques are expected to
drive market growth in the years to come. In addition, rise in the number of
mergers, acquisitions and partnerships by industry players in order to
strengthen their market position in the optical imaging system industry and
generate additional revenue.
The optical imaging system market is
broadly categorized into major segments based on the end-use application type
such as research laboratories, hospitals & clinics, and pharmaceutical
& biotechnology sector. The research laboratories is considered as one of
the fastest growing segment in the market of optical imaging system with
substantial revenue generation in the last few years.
Growing popularity of optical imaging
systems in the research laboratories segment is attributed to the increasing
use of optical imaging in the R&D sector. The pharmaceutical &
biotechnology sector segment has also witnessed substantial growth owing to the
substantial investment by private bodies in drug discovery & drug research.
The is divided by region as North
America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest
technologies in healthcare sector, increase in the number of research &
development activities in the region, and existence of well-established
industrial infrastructure. Asia-Pacific region is predicted to hold major
market share in the optical imaging system with massive growth in forecast
period.
Countries such as India, China and
Singapore are leading the Asia-Pacific market with improved healthcare
infrastructure, increasing healthcare expenditure, rising per capita income,
growing awareness among general population and significant investment by
leading industry players considering potential growth opportunities in the
region. The key players in the optical imaging system industry are St. Jude
Medical Incorporated, PerkinElmer, Inc., Koninklijke Philips N.V., Carl Zeiss
Meditec Group, Topcon Co., Bioptigen, Inc., Canon, Inc., Heidelberg
Engineering, Inc., Optovue, Inc., and Headwall Photonics, Inc.
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