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According to the latest research by Persistence Market Research, the automated optical imaging market is set to witness positive growth of CAGR 6% during 2021-2031. The global automated optical imaging market is expected to be driven by technological advancements and the integration of artificial intelligence.
There are various optical imaging techniques available for the diagnosis of any abnormalities in the tissue. This may include techniques like optical Coherence Tomography (OCT) and magnetic resonance imaging (MRI). Integration of AI to these systems will reduce the load on radiologists and patients.
The increase in the number of surgeries, technological advancements and increasing geriatric population are the major drivers for the market. According to a UN report, by 2050 the geriatric population will increase to 16% from 9.3% in 2020. This growing population is more prone to bone diseases, the fracturing of bones and eye disorders.
Hence, the demand for minimally invasive automated optical imaging will increase and will drive the market. With the integration of artificial intelligence in imaging techniques everything will be automated.
For instance, the need for radiologists to scrutinize every image for abnormality will reduce. For patients, they are subjected to less dose of radiation from CT and x-rays. This will help clinics to faster decision marking by only focusing on the abnormality in the tissue and save time.
This will act as a driver for the market. An increase in the number of new players in the market and R & D investment by the companies for developing new techniques and acquiring other companies is expected to increase demand for automated optical imaging during the forecast period.
Some of the leading manufacturers of automated optical imaging include
The market is majorly dominated by North America with countries like the US and Canada. This is due to the presence of major players in this region and increase in the healthcare spending. Better access to government funds and more acceptance of various grants and patents are also factors driving the market growth.
The other region that is seeing growth is the Asia Pacific region. This is due to development in technologies and new players in the market. Apart from this, according to a report published by Pfizer, the prevalence of cancer in Asia is 3 times more than that of the US. This acts as a technological driver for the region to advance their techniques for a better outcome.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
