The global optical imaging system market is expected to reach USD 3.0 billion by 2024, according to a new report by Grand View Research, Inc. Technological advancements and rising preference for noninvasive technology are anticipated to be the preliminary market catalyst.
Rising R&D efforts by pharmaceutical and biotechnological companies requiring the use of optical imaging systems are encouraging the market growth. Additionally, veterinary hospitals and educational institutions are utilizing this technology in research and diagnostics, due to its noninvasive nature.
North America and Europe together accounted for the largest market share that was over 60.0% in 2015. Well-developed research infrastructure, availability of skilled professionals, and faster adoption rates of technically advanced devices within the region are certain factors promoting growth. Furthermore, supportive government initiatives in this region are propelling the growth in this sector. The government of Canada invested around USD 750,000 in the Canadian Imaging Research Center to promote research and commercialization opportunities in the imaging sector.
Asia Pacific is expected to witness the fastest growth rate during the forecast period owing to the easy availability of resources. Favorable environment is encouraging research activities as government funding for R&D is increasing in emerging nations, such as India and China. For instance, Impacting Research Innovation and Technology (IMPRINT), an initiative by the Indian government, promotes R&D in imaging and other technology sectors. This is expected to attract market players to this region, thereby facilitating higher penetration and expansion.
Browse full research report on Global Optical Imaging System Market: http://www.grandviewresearch.com/industry-analysis/optical-imaging-system-market-analysis
Further Key Findings From the Study Suggest:
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Grand View Research has segmented optical imaging system market on the basis of technology, product, application, end-use therapeutic area, and region.
Global Optical Imaging Systems Market by Technology (USD Million), 2013 - 2024
Global Optical Imaging Systems Market by Product (USD Million), 2013 - 2024
Global Optical Imaging Systems Market by Application (USD Million), 2013 - 2024
Global Optical Imaging Systems Market by End-Use (USD Million), 2013 - 2024
Global Optical Imaging Systems Market by Therapeutic Areas (USD Million), 2013 - 2024
Optical Imaging Systems Market by Region (USD Million), 2013 - 2024
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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