Optical Imaging Systems Market Size, Share & Trends Analysis Report By Technology, By Product, By Application (Pathological, Intraoperative), By Therapeutic Area, By End Use, By Region, And Segment Forecasts, 2023 - 2030

Optical Imaging Systems Market Size, Share & Trends Analysis Report By Technology, By Product, By Application (Pathological, Intraoperative), By Therapeutic Area, By End Use, By Region, And Segment Forecasts, 2023 - 2030

Optical Imaging Systems Market Growth & Trends

The global optical imaging systems market size is expected to reach USD 4.65 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.2% from 2023 to 2030. Technological advancements and a rise in the prevalence of ophthalmic disorders are anticipated to boost the growth of the market. Increasing adoption of optical imaging systems in preclinical and clinical studies in the biopharmaceutical and pharmaceutical sector for diagnostic and therapeutic purposes is further projected to drive the market in the years to come.

The market observed a subsequent fall in overall sales during the first half of the pandemic. Various restrictions and guidelines imposed by the government that limited the use of optical imaging systems for diagnosis and treatment purposes affected the market growth negatively. However, with the economies opening up, the introduction of vaccines, and the increasing usage of optical imaging systems across different applications, the market is expected to witness stable growth and earn substantial profits during the forecast period.

The market growth was negatively affected during the pandemic due to a change in healthcare priorities, wherein the healthcare workers focused on the treatment of Covid-19 infected patients. The imposition of restrictions and lockdowns across the globe led to a halt in research and development activities at the start of the pandemic to avoid the spread of the virus. However, with the introduction of vaccines and economies returning to normalcy, the market has begun to recover and is expected to grow at an exponential rate, leading to significant growth during the forecast period.

Optical Imaging Systems Market Report Highlights

• The photoacoustic tomography segment is expected to witness the fastest growth, representing a CAGR of 12.5% during the forecast period.
• The imaging systems segment dominated the market and held the largest share of around 35%, owing to the increasing use of imaging systems across various applications to diagnose diseases.
• The research labs segment dominated the market with the largest revenue share of over 40% in 2022
• North America dominated the market with the largest revenue share of around 35% in 2022. The Asia Pacific region is expected to grow at the fastest CAGR of 12.2% over the forecast period from 2023 to 2030.

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