Market Trends of Optical Imaging Industry
This section covers the major market trends shaping the Optical Imaging Market according to our research experts:
Oncology Offers Potential Growth
- Cancer is a worldwide health-care concern that is steadily growing. According to IARC, by 2030, an annual incidence and mortality of 21.7 and 13 million cancer cases, respectively, are expected. This increase is attributed to an aging population, a greater prevalence of obesity, and environmental factors. Furthermore, women are more prone to cancer, with breast cancer as the leading cause of cancer death.
- Many cancers arise from the epithelium of hollow organs and ducts, including breast, colon, esophagus, head and neck, lung, pancreas, and stomach. This thin layer of highly metabolic tissue can be thoroughly and rapidly evaluated in the clinic, using methods of optical imaging techniques. These methods offer a number of advantages for real-time cancer detection, particularly in the epithelium of hollow organs and ducts, by using a broad spectral range of light that spans from visible to near-infrared.
- This emerging methodology is clinically useful for early cancer detection, by identifying and localizing suspicious lesions that may not otherwise be seen, and serves as a guide for tissue biopsy and surgical resection. They are also useful to determine the best choice of therapy, and to monitor efficacy.
- Therefore, the aforementioned factors are expected to help in curing cancer, which may result in the creation of a huge demand for optical imaging, worldwide.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Witness the Fastest Growth
- The Asia-Pacific region is expected to be the fastest-growing market, with enormous possibilities. According to a report published by the department of neurology, it is estimated that out of the current population of 13.5 billion, approximately 30 million people suffer from neurological disorders, in India.
- Thus, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, availability of favorable insurance policies, and market growth may be accelerated during the forecast period, owing to which the optical image market may have a positive outlook.
- Furthermore, due to the lower cost of clinical trials and favoring government policies, key players have been setting up their regional headquarters and manufacturing plants in emerging economies, like Singapore, China, Korea, and India, which make a positive growth curve in the optical imaging market, in future.
Get Analysis on Important Geographic Markets
Download Sample
