MD 1354 | 2013
OPTICAL IMAGING MARKET (2013 - 2018) – Technology Trends And Applications Of Optical Coherence Tomography (OCT), Hyper Spectral Imaging (HSI), Near Infrared Spectroscopy (NIRS) And Photo- Acoustic Tomography (PAT) In Clinical Diagnostics, Clinical Research And Life Sciences With Market Landscape Analysis - Estimates Up To 2018 Report Description Ta b l e o f C o n t e n t s L i s t o f Ta b l e s S a m p l e Ta b l e About Markets and Markets Related Reports
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
MD 1354 | 2013
Report Description Key Take-Aways •
•
•
Provides a description of the global technology developments in the photonics and fiber optics with major emphasis on technology innovations by the corporate sector and collaborative efforts by the academic institutions. Provides a detailed description of the different types of optical imaging available in the market, both commercial and emerging with a detailed description.
•
Captures the important factors and industry initiatives leading to improvement on optics based technologies and also offers winning imperatives for the stakeholders and investors.
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Provides opportunity based evaluation of various optical imaging technologies for better investment opportunities.
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In closing, report gives an insight on key companies and their profiles in the current optical imaging market.
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Optical imaging devices include a wide spectrum of spectroscopic and coherence tomography based techniques for use in medical diagnostics and clinical medicine. This report will cover the technological aspects of Optical Coherence Tomography (OCT), Photo – Acoustic Tomography (PAT), Near Infrared Spectroscopy (NIRS) and Hyper spectral Imaging (HSI) that are of huge interest to investors with high investment opportunity outcomes. We have recognized several application areas for the emerging optical imaging technologies in the areas of
Provides an impact analysis of major drivers and challenges involved in the adoption and development of optical imaging modalities.
Report Overview •
The research service on “Advances in Optical Imaging in Clinical Diagnostics & Clinical Research – Technology Trends and Market Landscape Analysis” is an attempt to showcase the technology and market impact of existing and emerging optical imaging technologies having a huge growth potential in clinical medicine for the coming five years. This technology based research report categorizes optical imaging technologies based on applications, based on geography and on the basis of technicalities of various optical imaging modalities.
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MD 1354 | 2013
Report Description ophthalmology, dentistry, neurology, cardiology, dermatology and so on. Quantitative data analysis and growth rates have been provided for the OCT market, and potential addressable market for other technology segments mentioned in the report. •
•
Multi-modality imaging using optical imaging principles is helping to drive the development of novel therapeutics and altering the course of patient management and disease care. The combination of spectral and photonics phenomenon has enabled new optical imaging capabilities, providing clinicians with unique views of the structure and functioning, both at the molecular and cellular levels.
This technology report can be further divided into segments and sub-segments providing exhaustive market analysis with respect to respective technology from the year 2011, as well as forecast up to 2018. Investment opportunity evaluation and emerging initial public offerings (IPOs) can be assessed within the optical imaging sector. Strategic recommendations for technology developers are elaborately discussed in this research service.
For simplified and extensive research, the market of optical imaging have been categorized based on the type of technology, application and geography OPTICAL IMAGING MARKET
By Technology · Optical Coherence Tomography (OCT) · Photo- acoustic Optical Imaging
By Applications · Medical Diagnostics §Ophthalmology §Dentistry §Neurology
· Hyperspectral Imaging
§Dermatology
· Near-Infrared Spectroscopy
§Oncology
· Clinical Research §Biomedical Research §Drug Discovery §Therapeutic
· Life Sciences
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· North America
Research
· European Union
§Small Animal/
· Asia
Pre-clinical Imaging §Biomedical Research
Delivery §Cardiology
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By Geography
· Rest of the world
Optical Imaging Market (2013-2018) – Estimates Up To 2018
MD 1354 | 2013
Report Description Research Methodology • Technology Articles
Interviews with • Company CEOs/VPs/ CTOs • Medical Researchers
Primary Research
• Research Journals
Secondary Research
• OCT & HIS Reports • Online Publications
• University Deans
• Magazines
• Doctors • Healthcare Professionals
• Gazettes
Qualitative & Quantitative Data
• Company websites • Regulatory Databases • MnM Repository
Data Analysis Data Assessment
PDF Format (End Deliverable)
Secondary Sources
Generating Insights, Results & Forecasts of Optical Imaging
Primary Sources
M&M Consultants
For The Coming Five Years (2013-2018) & Its Market Adoption Potential
Data Triangulation
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Report Description Global Optical Imaging Market Size Bottom-up approach was used to calculate the global optical imaging devices market. U.S. and Europe sales and revenue data were used to calculate the global numbers taking bottom up approach for OCT, HSI, NIRS and PAT. •
The application market for optical imaging market encompassing Ophthalmology, Cardiology, Dermatology, Oncology, Gynecology, Internal Medicine, Dentistry and enhanced tissue penetration was deduced by top-down approach
•
The market numbers were arrived at by multiplying the system/device installation volumes, and average selling price (ASP) for a particular year
•
Key data points were collected from public and paid secondary databases and successively validated from primary sources
Global Optical Imaging Market Share Market share of key players has been derived on the basis of actual sales recorded by the companies to the total market size of optical imaging.
Key Data Points from Secondary Resources Research Methodology
Description
Market Revenues
Company financials, magazines, journals, press release, paid databases and MnM data repository.
Market Revenues of Companies
Annual reports, Company website, Public databases and MnM data repository
Qualitative Information (Market dynamics, Market Trends)
Company website, Annual reports, Press releases, Databases and MnM data repository
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
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Report Description Key Data Points from Primary Resources Research Methodology
Description
Global Optical Imaging Market
Global optical imaging market is an emerging market hovering in the range of $900 to $950 Millionin 2012.
Geographical Split for Market
North America accounted for 46.62% of the global optical imaging market in the year 2012, followed by Europe (32%) and Asia(15%). • Verified global market share for 2012 is $800 million and OCT market expectations by the 2018 would be approximately $1 Billion USD. • Key industry leaders: Michelson Diagnostics, Bioptigen, Carl Zeiss, Boston Scientific, Light Lab
OCT Market Data
• Upcoming trends: In research, OCT will be widely used in drug discovery and oncology based research activities. In clinical medicine, OCT’s applications include Internal Medicine, Ophthalmology, Dentistry, Cardiology, ENT, Dermatology (skin cancer), Oncology (tumor biopsy), Gynecology, Urology. • Funding opportunities: Several federal research and NIH funding programs, startups funded through SBIR grants. Federal funding primarily extended to ophthalmology and for some clinical cancer diagnostics. • Key Drivers and Restraints. • Verified global market share for 2012 is nearly $ 170 million and is growing at CAGR of 18%
HSI Market Data
• Potential Applications: Ophthalmology, Dermatology and Neurology • Technology trends, Investment Opportunities and Key players in HSI.
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
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Report Description Research Methodology
Description • Verified global market share for 2012 and is growing at CAGR of 15.45% • Applications: NIRS to be effectively deployed for usage in major brain studies and in brain surgeries • Key innovations in NIRS: NIRSOptix brain monitor uses NIRS system for non-invasive real time brain imaging. Brain monitor is currently applied for brain studies such as stroke, Alzheimer's and geriatrics care.
NIRS Market Data
• Technology trends: NIRS used for multimodal diagnosis with X-ray mammography procedures, hence influencing non-invasive breast imaging sector. NIRS is widely used in the detection of coronary artery plaques as this technique uses the advantage of deep penetration which has enabled the imaging modality to yield information on the chemical composition of the plaques. Developing research on functional near infrared spectroscopy technique to non – invasively investigate the recovery mechanism and treatment potency of brain disorders. • Future trends: NIRS will be used for in home patient monitoring and rehabilitation. Primary uses in the near future would include detection of chemical composition of any substance. In cardiovascular detection, NIRS would be the safest option for plaques detection. • Lack of validated clinical data contributes to the slower growth rate in countries outside of NA. However, there is sufficient real time information of NIRS that helps clinicians understand the complexity of this technology. Further clinical data from clinical trials will help to prove the application capabilities and detection results at significant levels. • Rapid growth in North America and Asia-Pacific regions than in European Union.
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
MD 1354 | 2013
Report Description Parameter Market Value
Market Value based on Geography
Market Segmentation, Market Forecasts and Market Sizing
Data Point The global optical imaging market value is estimated based on the revenues of Michelson Diagnostics, Somanetics Corporation, Heidelberg Engineering GmBH, Carl Zeiss Meditec, Volcano Corporation, Topcon Medical Systems Inc., St. Jude Medical Inc., Headwall Photonics, Cytoviva Inc., ChemImage Corporation, Bioptigen Inc. Raytheon ELCAN Optical Technologies and a few start-up companies. We have estimated the market values based on applications such as ophthalmology, dentistry cardiology, neurology and dermatology only for North America and European Regions. However, market estimations for global optical imaging devices were made based on technology and geography after validating with the key companies during our primary research. The market segmentation, sizing and forecasts were made only for the OCT technology. Due to lack of adequate and valid information on HSI, NIRS and PAT technologies, the application- wise forecasts for these technologies were not analyzed.
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Table of Contents 1. Introduction
.....................................................................................................................................................................14-23
1.1
Key Take- Aways
1.2
Report Scope
1.3
Report Segmentation
1.4
Research Methodology
1.5
Assumptions
2. Executive Summary................................................................................................................................................................24-28
3. Optical Imaging – Technology Snapshot...........................................................................................................................29-49 3.1
Optical Imaging - Technology Overview
3.2
Optical Imaging in Clinical Medicine for the U.S. and EU regions
3.3
Optical Imaging – Technology Trends
3.4
Optical Imaging – Technology Segmentation
3.5
Optical Imaging – Commercially Available Modalities
3.6
Optical Imaging Modalities Vs Conventional Modalities
3.7
Optical Coherence Tomography (OCT)
3.8
Hyper Spectral Imaging (HSI)
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
MD 1354 | 2013
Table of Contents 3.9
Near Infrared Spectroscopy (NIRS)
3.10 Photo- Acoustic Tomography (PAT) 3.11 Optical Imaging – Technology Roadmap 3.12 Optical Imaging – Technology Scope-OCT 3.13 Optical Imaging – Technology Scope – HSI & NIRS
4
Optical Imaging Modalities – Value Chain Analysis..........................................................................................................49-52
5. Optical Imaging – Market Landscape Analysis .................................................................................................................53-73 5.1
Optical Imaging – Market Landscape Analysis
5.1.1
Optical Imaging – Market landscape analysis, by technology
5.1.2
Optical Imaging – Market landscape analysis, by geography
5.1.3
Optical Imaging – Market landscape analysis, by applications
5.2
U.S. OCT Market Landscape Analysis
5.2.1
U.S. OCT – Clinical diagnostics market landscape analysis
5.2.2
U.S. OCT – Clinical research & life sciences market landscape analysis
5.3
EU OCT Market Landscape Analysis
5.3.1
EU OCT – Clinical diagnostics market landscape analysis
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Table of Contents 5.3.2 5.4
EU OCT – clinical research & life sciences market landscape analysis
Optical Imaging – Market Dynamics
5.4.1
Drivers
5.4.2
Restraints
6. Regulatory Landscape Analysis .........................................................................................................................................74-78 6.1 Regulatory Landscape Analysis – Overview 6.1.1 Optical imaging modalities- regulatory landscape analysis – region wise 6.1.2 Optical imaging modalities- regulatory landscape analysis – country wise
7. Optical Imaging – Technology Adoption & Development Potential – by Geography .....................................................79-84 7.1
Geographic Adoption & Development Potential
7.1.1
Technology adoption & development – Americas
7.1.2
Technology adoption & development – Europe
7.1.3
Technology Adoption & Development – ROW
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Table of Contents 8. Optical Imaging – Investor Analysis & Investment Opportunities ...................................................................................85-95 8.1
Optical Imaging – Investor Network
8.2
Optical Imaging – Oct Funding
8.3
Optical Imaging – Oct NIH/NSF/U.K. Funding, by University
8.4
Optical Imaging – HIS, NIRS & Pat Funding
8.5
Optical Imaging Modalities – Potential Investment Opportunities
9. Optical Imaging-competitive Landscape Analysis............................................................................................................96-113 9.1 Key Company Market Share 9.2 Key Mergers & Acquisitions (2009 - 2012) 9.3 Key Partnerships/Agreements/Collaborations (2009 - 2012) 9.4 Key Product Launches (2009 - 2012) 9.5 OCT Competitive Landscape Analysis
10. Optical Imaging – Analyst Insights & Recommendations ...............................................................................................114-118 10.1 Optical Imaging Modalities – Analyst Insights 10.1.1
Optical imaging modalities – analyst insights – by technology
10.1.2
Optical imaging modalities business – analyst insights
10.1.3
Optical imaging modalities – analyst recommendations
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
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Table of Contents 11.
Company Profiles .............................................................................................................................................................119-143 11.1 MICHELSON DIAGNOSTICS LTD ( VIVOSIGHT) 11.2 CARL ZEISS MEDITEC 11.3 HEIDELBERG ENGINEERING 11.4 ST. JUDE MEDICAL 11.5 VOLCANO CORPORATION 11.6 HEADWALL PHOTONICS, INC. 11.7 RAYTHEON ELCAN OPTICAL TECHNOLOGIES 11.8 CHEMIMAGE CORPORATION 11.9 CYTOVIVA, INC. 11.10 SOMANETICS CORPORATION 11.11 TOPCON MEDICAL SYSTEMS, INC. 11.12 ASE OPTICS 11.13 BIOPTIGEN, INC.
12. Appendix
.....................................................................................................................................................................144-145
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List of Tables 1
Global Optical Imaging Market (2011 - 2018)- by Technology, by Revenue ($Million)
55
2
Global OCT Market (2011 - 2018)- by Geography, by Revenue ($Million)
55
3
Global Optical Imaging Market (2011 - 2018)- by Geography, by Revenue ($Million)
59
4
Global Optical Imaging Market (2011 - 2018)- by Applications, by Revenue ($Million)
60
5
U.S. OCT Market (2011 - 2018)- by Applications, by Revenue ($Million)
61
6
U.S. OCT Clinical Diagnostics Market (2011 - 2018)- by Applications, by Revenue ($Million)
62
7
U.S. OCT Clinical Research Market (2011 - 2018)- by Applications, by Revenue ($Million)
62
8
EU OCT Market (2011 - 2018)- by Applications, by Revenue ($Million)
65
9
EU OCT Clinical Diagnostics Market (2011 - 2018)- by Applications, by Revenue ($Million)
66
10 EU OCT Clinical Research Market (2011 - 2018)- by Applications ,by Revenue ($Million)
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66
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List of Figures 1
Global Optical Imaging Technologies Market, by Technology, by Revenues, 2011-2018 ($Million)
25
2
Global Optical Imaging Technologies Market Share, 2012, by Technology
26
3
Global Optical Imaging Technologies Market, by Geography, by Revenues (2012-2018)
27
4
Global Optical Imaging Technologies, Market Growth forecast, by Geography (2012-2018)
27
5
U.S. Oct- Clinical Diagnostics Market 2012, by Applications
28
6
Eu Oct Clinical Diagnostics Market (2011 - 2018) by Applications, by Revenues ($Million)
28
7
Global Optical Imaging Market (2011 - 2018), by Market Revenues ($Million)
54
8
Global Optical Imaging Market forecast(2011 - 2018), by Technology, by Revenues ($Million)
56
9
Global Oct Market (2011 - 2018), by Revenues ($Million)
56
10
Global Hsi Market (2011 - 2018), by Revenues ($Million)
56
11
Global Nirs & Pat Market (2011- 2018), by Revenues ($Million)
57
12
Global Optical Imaging Technologies Market 2012 , by Technology
57
13
Global Oct Market (2011 - 2018), by Geography, by Revenues
58
14
Global Optical Imaging Market 2012, by Geography
59
15
Global Optical Imaging Technologies Market, by Applications, by Revenues (2012-2018)
60
16
U.S. Oct Market 2012, by Applications
61
17
U.S. Oct – Clinical Diagnostics Market 2012, by Applications
63
18
U.S. Oct Market for Clinical Diagnostics (2011 - 2018), by Applications, by Revenues ($Million)
63
19
U.S. Oct Market for Clinical Research (2011 - 2018), by Applications, by Market Share ($Million)
64
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List of Figures 20
U.S. Oct Market for Lifesciences Research (2011 - 2018), by Applications, by Market Share ($Million)
64
21
EU Oct Market (2011 - 2018), by Applications
65
22
EU Oct Clinical Diagnostics Market (2011 - 2018), by Applications, by Revenues ($Million)
67
23
EU Oct Clinical Diagnostics Market Share 2012, by AP Applications
67
24
EU Oct Market for Clinical Research (2011 - 2018), by Applications, by Revenues ($Million)
68
25
EU Oct Market for Lifesciences Research (2011 - 2018), by Applications, by Revenues ($Million)
68
26
Optical Imaging – Regulatory Landscape
75
27
Optical Maging Market Cagr, by Geography, 2013 - 2018 (Cagr%)
80
28
Investors Network for Optical Imaging
86
29
Optical Imaging – Investors 2012
87
30
Year-wise Nih Oct Funding ($Million)
90
31
U.k., Nsf & Canadian Funding for Oct ($Million)
90
32
Potential Investment Opportunities
93
33
Optical Imaging – Competitive Landscape
97
34
Optical Imaging – Key Company Market Share
97
35
Oct Competitive Landscape Analysis (2012)
104
36
No. of Oct Companies (2008-2013)
105
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
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Sample Table Global Optical Imaging Market (2011-2018)- By Geography, By Revenue ($Million) By Geography
2011
2012
2013
2015
2014
2016
2017
2018
CAGR% (2013 - 2018)
2018
CAGR% (2013 - 2018)
es l b a ple T
North America Europe
Sam
Asia ROW Total
Global Optical Imaging Market (2011-2018)- By Applications, By Revenue ($Million) By Application
2011
2012
2013
2014
2015
Life Sciences Total
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2017
s e l b e Ta
Clinical Diagnostics Clinical Research
2016
l p m Sa
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Optical Imaging Market (2013-2018) – Estimates Up To 2018
MD 1354 | 2013
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