Optical Imaging Market Companies, Trends and Announcements
The optical imaging market was estimated at US$ 2.03 billion in 2023 and is projected to grow to US$ 6.55 billion by 2034, rising at a compound annual growth rate (CAGR) of 11.24% from 2024 to 2034. Technological advancements, the increasing prevalence of chronic disorders, and the growing healthcare infrastructure drive the market.
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Optical Imaging Market: Beyond the Surface
Optical imaging is a non-invasive imaging technique used to look inside the body. It uses light and special properties of photons to obtain detailed images of organs, tissues, cells, and even molecules. It significantly reduces a patient’s exposure to harmful ionizing radiations like X-rays. Non-ionizing radiation includes visible, ultraviolet, and infrared light. Optical imaging techniques are especially used to visualize soft tissues due to their ability to absorb and scatter light. The different optical imaging techniques include endoscopy, optical coherence tomography (OCT), photoacoustic imaging, Raman spectroscopy, and super-resolution microscopy.
The latest advancements in the medical device sector due to the developments in technology boost the market. The growing demand for patient health and the prevalence of chronic and ocular disorders augment the market.
Optical Imaging Market Trends
- In October 2024, a St. John’s faculty member was awarded a $745,000 grant from the National Institute of Health to enhance image-guided, surgical accuracy during the removal of brain tumors. The project is focused on developing nano-based optical imaging agents and evaluating their potential in brain imaging.
- In October 2024, BeeKeeperAI, Inc. and Topcon Healthcare, Inc. announced a collaboration to detect and manage eye diseases. The collaboration was made to combine Topcon’s digital health information platform and BeeKeeperAI’s EscrowAI software to compute and analyze eye imaging data more easily.
- In February 2024, Philips launched LumiGuide, a new imaging technology, to enable doctors to navigate through blood vessels using light instead of X-ray.
Leading Companies in the Optical Imaging Market
Some of the prominent companies driving innovation in the optical imaging market include:
- Abbott Laboratories
- Canon Medical Systems Corporation
- Carl Zeiss AG
- Cylite Pvt. Ltd.
- Headwall Photonics, Inc.
- Heidelberg Engineering, Inc.
- Topcon Corporation
- Leica Microsystems
- Meditec AG
- PerkinElmer, Inc.
- Philips
These companies play a significant role in advancing optical imaging technologies, continuously introducing groundbreaking applications and solutions to support medical diagnostics, healthcare IT, and interventional imaging.
Recent Announcements from Industry Leaders
Mr. Koh Yamada, President of Canon Medical Systems India Pvt. Ltd., shared insights into the company’s commitment to technological innovation in optical imaging. Canon Medical Systems offers a wide range of advanced imaging solutions, spanning diagnostic imaging, interventional imaging, and healthcare IT. With a strong focus on artificial intelligence, Canon Medical Systems aims to enhance diagnostic accuracy and therapeutic outcomes, prioritizing patient care and improved results.
Recent Developments in Optical Imaging
- October 2024: Researchers at the Hebrew University of Jerusalem unveiled a new computational holography technique that enables high-resolution imaging through dense, highly scattering media with fewer measurements. This approach could mark a significant step forward for non-invasive imaging in challenging environments.
- October 2024: Assistant Professor Zeinab Hajjarian began a three-year project funded by a $400,000 grant from the National Institute of Biomedical Imaging and Bioengineering. Her work focuses on developing advanced optical imaging and sensing technologies using lasers and high-speed cameras. The goal is to enhance breast cancer imaging by improving our understanding of disease progression, offering promise for more effective diagnosis and treatment approaches.
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