In the Report [FURL=https://www.industryarc.com/PressRelease/224/optical-imaging-devices-market-research-research-analysis.html]Optical Imaging Market[/FURL]: By Technology (Optical Coherence Tomography (OCT) Market, Photo-Acoustic Tomography (PAT) Market, Others) By Geography (Americas, Europe, APAC and ROW) - (2018-2023)” published by IndustryARC, the market is driven by interferometric technique and advanced methods that exploit the field of biomedical diagnostics. On the geography level, America is the dominant player in the present market with 39% of the market share. The large position is held due to the U.S. and Canada. The America market gained revenue of $676.5 million in 2017. Findings say the present market will grow at a CAGR of 17.1% to reach revenue of $1640.31 million by 2023. Europe is the second leading region, which is predicted to grow at a CAGR of 10.9% to reach revenue of $731.01 million by 2023. Regions like Germany, U.K, France, and Italy have increased their adoption rate in hospitals, clinics, awareness of ophthalmological disorders and insurance coverage, which are the driving factors behind the growth of the European market.
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Optical imaging can be segmented into Optical Coherence Tomography, Hyper Spectral Imaging, and Photo Acoustic Tomography. The market accounted for a value of $1259 million in 2017 and is expected to grow at a CAGR of 10.5% to reach a value of $2319.38 million by 2023.HIS systems market is seen to be growing at a faster rate with a CAGR of 22.2%. The HIS systems market accounted for the value of $73 million in 2017 and is estimated to reach $211.51 million by 2023.PAT systems will grow at a CAGR of 15.16% which is lower than OCT and HIS systems, but the segment is expected to reach a value of $2280 million by 2023. Increasing production and lower rate operational costs and faster model is fueling the growth of the market.
Key players of the Optical Imaging Market
Topcon Corporation is the leading company, holding 66% of the total share in the optical imaging market. Other major players are Heidelberg Engineering GmBH, Inc, Carl Zeiss Meditec AG, and Nidek. Topcon Corporation is the leading company in North America and European regions with patents like Optical Coherence Tomography with product name Swept Source OCT DRI OCT Triton, Swept Source OCT DRI OCT-1 Atlantis, 3D OCT-1 Maestro and 3D OCT-2000 Series. Heidelberg Engineering, holds product portfolio of Spectralis, Heidelberg Edge Perimeter, Heidelberg Eye Explorer and Heidelberg Retina Tomograph. Carl Zeiss Meditec AG launched its patents in the year of 2013-2014.
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