Optical Biopsy Market Advances With Growing Medical Diagnostic Sector
Growing investment and
evolution of the medical techniques facilitate the growth of the Global Optical
Biopsy Market, 2027F.
According to TechSci Research report, “Optical Biopsy Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027” Global optical biopsy market is anticipated to register an
impressive growth with a CAGR during the forecast period, 2023-2027, due to growing
demand for highly advanced diagnostic imaging techniques. Growing advancement
in the medical devices and techniques for the medical procedures further drives
the growth of the global optical biopsy market in the upcoming five years. Rising
instances of chronic diseases such as cancer, neurovascular diseases, renal
diseases also support the growth of the global optical biopsy market in the
next five years. Demands for the early diagnosis, efficient method for the
diagnosis and effective enough to find correct diagnosis in the meanwhile time
and provide appropriate treatment facilitates the growth of the market.
Rising elderly population and higher
risks of the geriatric population suffering from chronic disease also adds
value to the growth of the global optical biopsy market in the future five
years. Technological advancements, coupled with supportive investments and
funds by the government, especially in developing countries, such as India and
China, are also expected to contribute to market growth. Growing demand for the
non-invasive or minimally invasive diagnostic processes by the patients as well
as preferred by the diagnosticians further substantiate the growth of the
global optical biopsy market in the forecast years through 2027F. Government
supportive policies along with the growing investment in the healthcare
industry promoting research and technological advancement in the medical
devices and techniques also fuel the growth of the global optical biopsy market
in the forecast period.
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The global optical biopsy market
segmentation is based on technique, application, end user, regional
distribution, and competitive landscape. Based on technique, the market is
fragmented into optical coherence tomography (OCT), laser, infrared,
fluorescence, spectroscopy, and others. Spectroscopy segment is anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the upcoming five years on the ground of growing highly efficient medical
diagnostic procedures. Optical biopsy is a novel method that uses spectroscopy
at selected wavelengths to diagnose disease such as cancer and atherosclerosis
without removing tissue from the body, offering a new armamentarium.
By application, the market is
differentiated between oncological and non-oncological. Oncological segment is
anticipated to hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years due to increasing cancer instances
among the population worldwide. Growing geriatric population and their
instances contracted with cancer also facilitate the market growth. Consistent
research and technological advancement in the medical devices and techniques to
identify and treat cancer also adds to the value to revenue shares of the
market thereby aiding the growth of the global optical biopsy market in the
future five years.
Based on end user, the market is
bifurcated into hospitals & clinics, cancer care centers, academic &
research institutes, and others. Hospitals & clinics are anticipated to
hold the largest revenue shares of the market and dominate the market segment
in the upcoming five years due to higher patient count. Higher investments in
the hospitals & clinics allows the administration to provide better
healthcare facility and utilization of the inexpensive medical devices and
techniques thereby aiding the segmental growth along with the growth of the
global optical biopsy market in the forecast years through 2027F.
The market analysis also studies the
regional segmentation, divided among Asia-Pacific region, North American
region, European region, South American region, and Middle East & African
region.
Some of the market players, dominating
the global optical biopsy market are:
- Vir Biotechnology, Inc.
- Mauna Kea Technologies SAS
- SpectraScience, Inc.
- PENTAX Europe GmbH
- Compact Imaging, Inc.
- NinePoint Medical, Inc.
- Precision Biopsy LLC
- VivaScope GmbH
- LighTopTech Corp.
- Scinvivo B.V.
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“North America region is anticipated to
hold the largest revenue shares of the market and dominate the regional segment
of the market in the upcoming five years. Growing demand for the safe,
efficient, and convenient diagnostic imaging along with the minimally invasive
and non-invasive technique experiences also facilitates the market growth in
the region. Also, availability of the multiple market players highly invested
in the development of the technological advancement and actively investing in
the segment also add to the growth of the global optical biopsy market in the
future five years. Rising disposable income among the population in the
countries like the United States, Canada, etc., incorporated with the demands
for the highly efficient medical procedures also substantiate the growth of the
global optical biopsy market in the future five years. New market players may
focus on research and product development. Technological advancement in the optical
biopsy to enhance performance of medical diagnostics would allow them to
establish their brands in the market and support the market growth in future
too,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Optical Biopsy Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented
By Technique (Optical Coherence Tomography (OCT), Laser, Infrared,
Fluorescence, Spectroscopy, Others), By Application (Oncological v/s
Non-Oncological), By End User (Hospitals & Clinics, Cancer Care Centers,
Academic & Research Institutes, Others), By Region”, has evaluated the future growth
potential of global optical biopsy and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in global optical
biopsy market.
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