Market Size of MEA Optical Imaging Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Optical Imaging Market Analysis
The Middle-East and African optical imaging market is expected to witness a CAGR of 7.2% during the forecast period (2022 - 2027). Optical imaging is an emerging technology with great potential for improving disease prevention, diagnosis, and treatment in the medical office or in the operating room. The pandemic witnessed a downward growth in the demand for optical imaging devices as most of the new ventures and surgeries were postponed to contain the spread of the COVID-19 virus.
- Optical imaging offers the potential to differentiate between soft tissues and between the affected tissues. This ability of optical imaging to differentiate between the healthy and infectious tissues creates a huge opportunity in the medical diagnosis industry.
- The growing concerns over eye surgeries in the Middle-East and African countries have further increased the application of optical imaging in ophthalmologic diagnosis. Optical imaging uses non-ionizing radiation, which significantly reduces patient radiation exposure compared to other harmful effects of radiation-based imaging.
- However, the market growth is restricted by factors such as stringent regulatory approval procedures, high costs of instruments, scarcity of skilled operators, and insufficient reimbursements policies for the optical imaging procedures.
