OPTICAL IMAGING MARKET
Market Overview:
During the forecast period, the optical imaging market is anticipated to see a CAGR of 11.4%. (2021 - 2026). In the medical office or operating room, optical imaging has the potential to significantly improve disease prevention, diagnosis, and treatment. The ability to distinguish between soft tissues and between the afflicted tissues is provided by optical imaging. The ability of optical imaging to distinguish between infectious and healthy tissues is opening up a wealth of opportunities for the medical diagnosis sector. Additionally, compared to other adverse impacts of radiation-based imaging, optical imaging uses non-ionizing radiation, which considerably minimises patient radiation exposure. This feature enables the patient to undergo ongoing, repeated studies.
Key Market Trends:
The prevalence of cancer is an issue in global health that is only becoming worse. IARC predicts that by 2030, there would be 21.7 million new cases of cancer annually and 13 million cancer deaths. An older population, a higher prevalence of obesity, and environmental factors are all blamed for this rise. In addition, cancer is more common in women, and breast cancer is the malignancy that kills the most women. The epithelium of hollow organs and ducts, such as the breast, colon, oesophagus, head and neck, lung, pancreas, and stomach, is the site of many malignancies. Using optical imaging tools, this small layer of highly metabolic tissue can be fully and quickly assessed in the clinic.
With a lot of potential, the Asia-Pacific region is predicted to have the quickest market growth. In India, where there are currently 13.5 billion people, it is believed that 30 million of them suffer from neurological problems, according to a report released by the department of neurology.
Therefore, the optical image market may have a promising future due to the large patient pool, a quicker adoption of healthcare technology, government initiatives to improve healthcare quality, the availability of favourable insurance policies, and market growth that may be accelerated during the forecast period.
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