According to the deep-dive market assessment study conducted by Growth+ Reports, the global optical imaging market was pegged at ~US$ 1.73 billion in 2020. The market is expected to witness a CAGR of ~11.8% from 2021 to 2031.
Factors such as increasing application of optical imaging in the field of disease diagnostics, drug development, and preclinical research have played a critical role in propelling market growth. Moreover, technological advancements and rising preference for minimally invasive surgeries are some of the other factors driving the growth of the optical imaging market. However, factors such as the high cost of advanced systems and dearth of skilled professionals for operating such systems are likely to restrain the market growth to a certain extent. Aged people are more likely to suffer from eye-related problems such as macular degeneration, cataract, glaucoma, and refractive errors, among others. Therefore, rising geriatric population is in turn anticipated to fuel the optical imaging market.
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The report includes an in-depth study of the global market segment Optical Imaging, where segments and sub-segments are analysed in quite a detail. This research will help players focus on high-growth segments and modify their business strategies if needed. The Optical Imaging global market is segmented based on Products, Technology, and End Users. The regional segmentation research presented in the report provides players with valuable insights and data regarding key geographic markets such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). Our researchers and analysts use reliable primary and secondary sources for research and data.