The global optical imaging equipment market is anticipated to grow significantly over the forecast period. Optical imaging is a budding imaging technology that uses a beam of light to evaluate the optical property of tissues and has a great ability to improve clinical research, disease prevention, medical diagnosis, and treatment. Optical imaging uses visible light and the special properties of photons to get a very clear picture of organs, tissue, and even cells.
These images are used for the research purpose by the scientists and by doctors for disease diagnosis and treatment. Key advantages of optical imaging are that it reduces the individuals exposure to the harmful radiation by using nonionizing radiation which comprises ultraviolet, visible, and infrared light. It is much faster and safer for patients so that’s why it can be used for repeated and lengthy procedures over time to monitor the progress of the treatment. This technique is very useful for visualizing soft tissues as different tissues scatter or absorb light in a variety of ways. Optical imaging can capture images of different sizes and types it can be combined with different imaging techniques such as x-ray and MRI, to give enhanced pictures to the medical practitioners for monitoring complex diseases.
The key driver for optical imaging is the technology’s enormous application scope to visualize surface tissues, the in-depth structure of the eye, mucosal membranes, vascular systems, and the gastrointestinal tract. This technique also enhances drug innovation process by better imaging of tissues, cells, and other biological entities. The biggest advantage of this technique is that it ensures the operator and patient’s safety and comfort. The biggest challenges to this technique are the lack of clinical data support which restricts its adoption, high investment and installation cost, and lack of reimbursement procedures.
The market for optical imaging by technology is segmented into four major categories which are; optical coherence tomography (OCT), photoacoustic optical- imaging, hyperspectral imaging, and near-infrared spectrometry. On the basis of application, optical imaging is segmented into two categories namely medical diagnostic in ophthalmology, dentistry, neurology, dermatology, oncology, and life sciences & clinical research, and on the basis of geography, it is segmented into 4 regions namely North America, European Union, Asia Pacific, and rest of the world.
Some of the key players in the optical imaging equipment market include Heidelberg Engineering GmBH, Michelson Diagnostics, Volcano Corporation, Carl Zeiss Meditec, Topcon Medical Systems Inc., Headwall Photonics, St. Jude Medical Inc., Cytoviva Inc., Bioptigen Inc., ChemImage Corporation, Somanetics Corporation, Raytheon ELCAN Optical Technologies and ASE Optics Inc.
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With Covid-19 infections rising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widens. In addition, till a pharmacological treatment is developed, ventilators act as a vital treatment preference for the COVID-19 patients, who may require critical care. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process for a wide range of test-kits (antibody tests, self-administered, and others). The report will account for Covid19 as a key market contributor.