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

iological technologies. These technologies have an inherent capacity for improving diagnostic resolution. A key driving force of Optical imaging techniques is the technology application scope for easy access to visualize and image in-depth structures of eye, surface tissues, mucosal membranes, the gastrointestinal tract, and vascular systems facilitating better diagnostic procedures in clinical medicine. They also enhance the drug discovery process by enabling better imaging of tissues and other biological entities at the molecular level in biomedical research. The other advantages of using optical imaging include the technologies are operator and patient safety. In the future, most of these technologies will gain widespread clinical acceptance and find specific roles in the clinical medicine.

This research service classifies optical Imaging technologies into Optical Coherence Tomography (OCT), Photo-Acoustic Tomography (PAT), Hyperspectral Imaging (HSI) and Near-Infrared Spectroscopy (NIRS). These technologies are expected to drive the global optical imaging market for the coming five years.

Currently, the market of optical imaging is dominated by OCT with over 70% of the market share and is expected to witness 4% CAGR growth by the end of 2018. OCT is widely accepted for clinical diagnostics in ophthalmology, dentistry, cardiology, dermatology and also has broadened its application in cancer detection recently. Carl Zeiss and St. Jude Medical are the pioneers of this technology and almost every set up comes with OCT technology. HSI, NIRS and PAT are the emerging technologies in optical imaging market with a few players in the market. HSI and NIRS are currently used for biomedical research and drug discovery in the areas of dermatology and neurology. These technologies are expected to grow exponentially, with a few units now readily available in the market. Another emerging technology which recently made its entry into m
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