HOME Top Market Reports Optical Imaging Market - Technology Trends and Applications of Optical Coherence Tomography (OCT), Hyper Spectral Imaging (HSI), Near Infrared Spectroscopy (NIRS) and Photo- Acoustic Tomography (PAT) in Clinical Diagnostics, Clinical Research and Life Sciences With Market Landscape Analysis - (2013-2018)

Optical Imaging Market - Technology Trends and Applications of Optical Coherence Tomography (OCT), Hyper Spectral Imaging (HSI), Near Infrared Spectroscopy (NIRS) and Photo- Acoustic Tomography (PAT) in Clinical Diagnostics, Clinical Research and Life Sciences With Market Landscape Analysis - (2013-2018)

By: marketsandmarkets.com
Publishing Date: March 2013
Report Code: MD 1354

 

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Optical Imaging is an emerging medical technology that uses light to assess optical properties of tissues, and has a great potential for improving disease prevention, clinical research, medical diagnosis and treatment. The basic principle involves – the detection of emitted photons at pre-defined wavelength ranges when the fluorescent probes in the optical imaging system can be excited by NIR light. Further advancements and breakthroughs in the field of fiber optics and photonics resulted in the emergence of innovative technologies such as Optical Coherence Tomography (OCT), Photo-Acoustic Tomography (PAT), Hyper-Spectral Imaging (HSI) and Near-Infrared Spectroscopy (NIRS) that have a potential to redefine the fields of clinical diagnostics and research. These technologies have an ability distinguish the diverse soft tissues based on photon absorption and scattering differences among the soft tissues enhancing the accuracy of clinical research and pathological diagnosis. Though these technologies are still in the early phase of development, they offer a number of advantages (such as non-invasiveness and use of no ionizing radiation) over existing radiological screening techniques.

This research report is categorized into OCT, PAT, HSI and NIRS and is further classified as follows-

Optical Imaging Technologies  Market

Optical Imaging Devices Market

Source: MarketsandMarkets Analysis

Global optical imaging market is anticipated to be approximately around $1.9 billion by end of 2018, growing at a CAGR of 11.37%. Among the modalities, OCT occupies a major share contributing over 70% of the total optical imaging market. America is the major markets followed by Europe, and have been driving the market significantly owing to the increase in aging population across the developed economies. Emerging economies such as Asia-pacific and Middle-East are the future drivers of this market.

Optical Imaging Technologies  Market

Source: MarketsandMarkets Analysis

This report is further divided into segments and sub-segments providing exhaustive market analysis with respect to each technology from the years 2010 and 2011, as well as forecast up to 2018. Each technology is comprehensively analyzed at a granular level by geography (North America, EU, Asia and rest of the world) to provide in-depth information on the global scenario. Investment opportunity evaluation and emerging initial public offerings (IPOs) can be assessed within the optical imaging sector. Strategic recommendations for technology developers are elaborately discussed in this research service.

Multi-modality imaging using fibre-optics principles boosts the development of novel therapeutics and early detection of chronic diseases. Advancements in these modalities enable clinicians to visualize better views of anatomical structure and function, both at the molecular and cellular levels.

Drivers:
A key driving force is the technology's immense application scope for easy access to visualize and image in-depth structures of eye, surface tissues, mucosal membranes, the gastrointestinal tract, and vascular systems. They also enhance the drug discovery process by enabling better imaging of tissues and other biological entities at the molecular level. A major advantage of using optical imaging includes operator safety, patient comfort and patient safety. In the future, most of these technologies will gain widespread clinical acceptance and find specific roles in the clinical medicine.

Challenges:

  • Inadequate clinical data validation for optical methods restricts adoption.
  • Lack of reimbursement facilities.

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., ChemImage Corporation, Bioptigen Inc., Raytheon ELCAN Optical Technologies, Somanetics Corporation and ASE Optics Inc.

Scope of the Report:
The research service on “Advances in Optical Imaging in Clinical Diagnostics & Clinical Research – Technology Trends and Market Landscape Analysis” is an attempt to showcase the technology and market impact of existing and emerging fibre-optics based technologies having an immense growth potential in clinical medicine for the next five years. This technology based research report categorizes optical imaging market based on technology, applications and based on geography.

Based on Technology: : The report covers the technical aspects of OCT, PAT, NIRS and HSI along with investment potentials. Quantitative data analysis and growth rates of OCT are provided for the North America and European regions and potential addressable market for other technology segments are mentioned in the report.

Based on Geography: The technologies in this report were thoroughly based on geographies –North America, Europe, Asia, and Rest of the World (ROW) providing in-depth information on market size, share and segmentation. The report also provides information on adoption and development potential of OCT, HSI, NIRS and PAT technologies in these regions.

Reasons to buy the Report
This report service on optical imaging in clinical medicine comprehends 75% of its focus on technological understanding and 25% of market engineering standards. There is only one recent available report on Optical Imaging Devices and it does not include market numbers. So this report would be the first holistic report which analyses in depth about technology as well as market landscape of optical imaging market.

Table Of Contents 

1 Introduction (Slide No.14-23)
  1.1 Key Take- Aways     
  1.2 Report Scope    
  1.3 Report Segmentation     
  1.4 Research Methodology     
  1.5 Assumptions     

2 Executive Summary (Slide No.24-28)
      
3 Technology Snapshot (Slide No.29-49)

  3.1 Technology Overview     
  3.2 Optical Imaging In Clinical Medicine For The U.S. And Eu Regions     
  3.3 Technology Trends     
  3.4 Technology Segmentation     
  3.5 Commercially Available Modalities    
  3.6 Optical Imaging Modalities Vs Conventional Modalities    
  3.7 Optical Coherence Tomography (Oct)    
  3.8 Hyper Spectral Imaging (Hsi)    
  3.9 Near Infrared Spectroscopy (Nirs)    
  3.10 Photo- Acoustic Tomography (Pat)    
  3.11 Technology Roadmap    
  3.12 Technology Scope-Oct     
  3.13 Technology Scope – Hyper Spectral Imaging & Near Infrared Spectroscopy

4 Value Chain Analysis (Slide No.49-52)
      
5 Market Landscape Analysis (Slide No.53-73)
  5.1 Market Landscape Analysis-Overview     
      5.1.1 Market  Evaluation & Assessment, By Technology   
      5.1.2 Market  Evaluation & Assessment, By Geography   
      5.1.3 Market  Evaluation & Assessment, By Applications    
  5.2 U.S. Oct Market Landscape Analysis     
      5.2.1 U.S. Oct For Clinical Diagnostics -Ophthalmology, Dentistry, Cardiology, Dermatology, Oncology & Others    
      5.2.2 U.S. Oct For Clinical Research & Life Sciences For Biomedical Research, Drug Discovery & Pre-Clinical Imaging    
  5.3 European Union Oct Market Landscape Analysis    
      5.3.1 European Union Oct For Clinical Diagnostics -Ophthalmology, Dentistry, Cardiology, Dermatology, Oncology & Others     
      5.3.2 European Union Oct For Clinical Research & Life Sciences For Biomedical Research, Drug Discovery & Pre-Clinical Imaging   
  5.4 Market Dynamics     
      5.4.1 Drivers    
      5.4.2 Restraints   
      
6 Regulatory Landscape Analysis (Slide No.74-78)
  6.1 Regulatory Landscape Analysis – Overview        
      6.1.1  Regulatory  Analysis – Region Wise     
      6.1.2  Regulatory Landscape Analysis – Country Wise     
      
7 Technology Adoption & Development Potential – By Geography (Slide No.79-84)
  7.1 Geographic Adoption & Development Potential     
      7.1.1 Americas    
      7.1.2 Europe    
      7.1.3 Row    
      
8 Investor Analysis & Investment Opportunities (Slide No.85-95)
  8.1 Investor Network - Federal Funding Agencies, Regional Government Funding, Corporate Investors, Venture Capitalists & Private  Equity Firms     
  8.2 Oct Funding     
  8.3 Oct National Institute Of Health/National Science Foundation/European Commission Funding, By University     
  8.4 Hyper Spectral Imaging, Near Infrared Spectroscopy & Photo- Acoustic Tomography Funding     
  8.5 Potential Investment Opportunities      
      
9 Competitive Landscape Analysis (Slide No.96-113)
  9.1 Key Company Market Share     
  9.2 Key Mergers & Acquisitions (2009-2012)    
  9.3 Key Partnerships/Agreements/Collaborations (2009-2012)     
  9.4 Key Product Launches (2009-2012)      
  9.5 Oct Competitive  Analysis    
      
10 Analyst Insights & Recommendations (Slide No.114-118)
   10.1 Analyst Insights     
        10.1.1  Analyst Insights – By Technology    
        10.1.2  Business Strategies Based Analyst Insights    
        10.1.3  Analyst Recommendations    
      
11 Company Profiles (Slide No.119-143)
   11.1 Michelson Diagnostics Ltd ( Vivosight)     
   11.2 Carl Zeiss Meditec     
   11.3 Heidelberg Engineering     
   11.4 St. Jude Medical     
   11.5 Volcano Corporation     
   11.6 Headwall Photonics, Inc.     
   11.7 Raytheon Elcan Optical Technologies     
   11.8 Chemimage Corporation     
   11.9 Cytoviva, Inc.     
   11.10 Somanetics Corporation     
   11.11 Topcon Medical Systems, Inc.     
   11.12 Ase Optics     
   11.13 Bioptigen, Inc.     

12 Appendix (Slide No.144-145)


List Of Tables (10 Tables)

1 Global Optical Imaging Market (2011-2018)- By Technology, By Revenue ($Million) 
2 Global Oct Market (2011-2018)- By Geography, By Revenue ($Million)   
3 Optical Imaging Market (2011-2018)- By Geography, By Revenue ($Million)  
4 Optical Imaging Market (2011-2018)- By Applications, By Revenue ($Million) 
5 U.S. Optical Coherence Tomography Market (2011-2018)- By Applications, By Revenue ($Million)   
6 U.S. Optical Coherence Tomography For Clinical Diagnostics  (2011-2018)- By Applications, By Revenue ($Million) 
7 U.S. Optical Coherence Tomography For Clinical Research  (2011-2018)- By Applications, By Revenue ($Million) 
8 Eu Optical Coherence Tomography  Market (2011-2018)- By Applications, By Revenue ($Million)   
9 Eu Optical Coherence Tomography   For Clinical Diagnostics (2011-2018)- By Applications, By Revenue ($Million) 
10 European Union Optical Coherence Tomography For Clinical Research (2011-2018)- By Applications ,By Revenue ($Million) 


List Of Figures (36 Figures)

1 Global Optical Imaging  Market, By Technology, By Revenues, 2011-2018 ($Million)     
2 Optical Imaging  Market Share, 2012, By Technology       
3 Global Optical Imaging  Market, By Geography, By Revenues (2012-2018)     
4 Optical Imaging  Market Growth Forecast, By Geography (2012-2018)    
5 U.S. Oct- Clinical Diagnostics Market 2012, By Applications        
6 European Union Oct For Clinical Diagnostics (2011-2018) By Applications, By Revenues ($Million)   
7 Global Optical Imaging Market (2011-2018), By Market Revenues ($Million)     
8 Global Optical Imaging Market Forecast(2011-2018), By Technology, By Revenues ($Million)   
9 Global Oct Market (2011-2018), By Revenues ($Million)       
10 Hyper Spectral Imaging Market (2011-2018), By Revenues ($Million)       
11 Near Infrared Spectroscopy & Photo- Acoustic Tomography Market (2011- 2018), By Revenues ($Million)      
12 Optical Imaging  Market 2012 , By Technology     
13 Global Oct Market (2011-2018), By Geography, By Revenues      
14 Optical Imaging Market 2012, By Geography       
15 Optical Imaging Technologies, By Applications, By Revenues (2012-2018)  
16 U.S. Oct Market 2012, By Applications         
17 U.S. Oct – Clinical Diagnostics Market 2012, By Applications      
18 U.S. Oct For Clinical Diagnostics (2011-2018), By Applications, By Revenues ($Million)  
19 U.S. Oct For Clinical Research (2011-2018), By Applications, By Market Share ($Million) 
20 U.S. Oct For Lifesciences Research (2011-2018) , By Applications, By Market Share ($Million) 
21 European Union Oct Market (2011-2018), By Applications        
22 European Union Oct Clinical Diagnostics Market (2011-2018), By Applications, By Revenues ($Million)  
23 European Union Oct Clinical Diagnostics Market Share 2012, By Ap Applications     
24 European Union Oct For Clinical Research (2011-2018), By Applications, By Revenues ($Million)  
25 European Union Oct For Lifesciences Research (2011-2018), By Applications, By Revenues ($Million) 
26 Regulatory Landscape        
27 Optical Maging Market, By Geography, 2013 – 2018 (Cagr%)      
28 Investors Network - Federal Funding Agencies, Regional Government Funding,Corporate Investors, Venture Capitalists & Private Equity  Firms         
29 Investors  Funding 2012         
30 Year-Wise National Institute Of Health Funding  ($Million)         
31 European Commission, National Science Foundation & Canadian Funding  ($Million)        
32 Potential Investment Opportunities         
33 Competitive Landscape        
34 Key Company Market Share        
35 Oct Competitive Landscape Analysis (2012)        
36 No. Of  Oct Companies (2008-2013)  

The field of fibre-optics and photonics in medicine is witnessing a considerable growth over the last decade. There have been dozens of companies created, hundreds of research groups working on various optical imaging modalities, thousands of research articles published, millions of patients scanned with this technology, hundreds of millions of venture capital and corporate R&D dollars invested, hundreds of millions of dollars in company acquisitions, and billions of dollars of revenue created. The United States government and other governments around the world have been big supporters of funding for research and development in the area of optical imaging. Advancements in photonics and fibre optics were giving rise to novel optics-based technologies that hold the potential to revolutionize the field of clinical medicine. Some of the optical imaging technologies holding promising future include optical coherence tomography (OCT), hyper spectral imaging (HSI), and near-infrared spectroscopy (NIRS).

Optical imaging technologies can be used in diverse fields such as Ophthalmology, Cardiology, Gastroenterology, Oncology, Gynecology, Urology, Internal Medicine, Dentistry and enhanced tissue penetration and for in-vivo imaging.

Currently, OCT dominates the market with over 70% share. This technology is widely accepted for clinical diagnostics in ophthalmology, dentistry, cardiology, dermatology and also has promising future in cancer detection. The other technologies such as HSI and NIRS are rising in the forefront for biomedical research and drug discovery. These technologies continue to grow exponentially, with a few units currently available in the market. Yet other emerging technology which recently made its entry into market is PAT for oncology. PAT has a capability to penetrate deeply into the breast and hence marks the scope for breast cancer detection. A major advantage of optical based medical screening is operator safety, patient comfort and patient safety. In the future, most of these technologies will gain widespread clinical acceptance and find specific roles in the clinical medicine. In the future, it is likely that several of these modalities will gain widespread clinical acceptance and find specific roles in the clinical medicine.

Optical Imaging Technologies  Market

Source: MarketsandMarkets Analysis

The global optical imaging market valued $915.75 Million in the year 2012 and is poised to grow at a CAGR of 11.37% from the year 2013 reaching approximately $1.9 Billion by 2018. In the research service, market sizing, market share, market segmentation and forecasts will be provided for OCT modality for North America and European Union (EU) regions. However, one major downside is lack of reimbursement facilities. This too, will likely improve as the technology becomes more available.

Optical Imaging Technologies  Market

Source: MarketsandMarkets Analysis

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., ChemImage Corporation, Bioptigen Inc., Raytheon ELCAN Optical Technologies, Somanetics Corporation and ASE Optics Inc.

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