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Optical Imaging Market Worth $1.9 Billion by 2018
Date:3/1/2013

arket for cancer detection is the photo acoustic tomography (PAT). Recent advances in PAT have made it possible to enhance its ability in recovering both optical and acoustic properties that adds to its potential to better differentiate benign from malignant lesions.

The global optical imaging market is poised to grow at a CAGR of 11.37% from the year 2012 reaching approximately $1.9 billion by 2018. America is the major market for optical imaging equipments followed by Europe and they have been driving the market significantly owing to rising aging population in these regions. Emerging economies such as Asia-pacific and Middle-East are the future drivers of this market.

The main set-back of optical imaging market is lack of reimbursement coverage. However, reimbursement policies would likely improve once these technologies become more available.

The technology report identifies the potential market drivers and restraints for analyzing the future technology trends, opportunities and overcoming the challenges. The market segmentation, sizing and forecasts were made only for the OCT technology and revenues are forecasted on the basis of major regions such as North America and Europe Union. Further, the market is sub-segmented based on OCT applications in clinical diagnostics - ophthalmology, dentistry, dermatology, cardiology, neurology and oncology, clinical research- biomedical research, drug discovery and therapeutic delivery, and life sciences- small animal imaging and revenues were forecasted for the same.

The key players profiled in the report are Michelson Diagnostics, Heidelberg Engineering GmBH, Carl Zeiss Meditec, Volcano Corporation, Topcon Medical Systems Inc., St. Jude Medical Inc., Headwall Photonics, Cytoviva Inc., Che
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SOURCE MarketsandMarkets
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