DAEMON Tools Pro Advanced is one of the best products for optical media emulation. DAEMON Tools Pro Advanced integrates all DAEMON Tools features in one single solution.
It allows you to mount mdx, mds/mdf, iso, b5t, b6t, bwt, ccd, cdi, bincue, ape/cue, flac/cue, nrg, and isz disc images to a virtual drive together with *.vhd, *.vmdk, TrueCrypt and ZIP files. It is capable of converting images from all supported formats to *.mdf/*.mds, *.mdx, *.iso; create *.iso, *.mds/*.mdf and *.mdx images of CD, DVD, Blu-ray discs, and make a compressed disc image or split the image to several files.
It combines advanced imaging features with media devices virtualization options.