Optical Coherence Tomography (OCT) Market By Type (Catheter-based OCT, Handheld OCT Devices, Tabletop OCT Devices), By Application (Ophthalmology, Cardiovascular, Others), By End User (Hospitals, Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Optical coherence tomography (OCT) is a revolutionizing in-vivo imaging technique for addressing medical needs in early diagnosis and effective disease management. OCT is rapid, safe, and is increasingly being recognized as the gold standard for diagnosis of retinal disease. The potential of OCT in many other applications is currently being explored, such as in developmental biology, skin cancer diagnostics, vulnerable plaque detection in cardiology, esophageal diagnostics and a number of other applications within oncology. Optical coherence tomography is a micrometer-scale imaging modality that permits label-free, cross-sectional imaging of biological tissue microstructure using tissue backscattering properties. It typically uses light in the near-infrared spectral range which has a penetration depth of several hundred microns in tissue.
The driving factors for optical coherence tomography market are increase in the number of patients suffering from eye disorders, rise in geriatric population and increase in awareness about advanced diagnostic techniques such optical coherence tomography and its applications. The rise in number of eye disorders such as cataracts, glaucoma, age-related macular degeneration, which is primary cause of vision loss, results in demand for advanced diagnostic technique such as optical coherence tomography, thus is predicted to fuel the growth of market.
For instance, according to report of World Health Organization 2022, stated that, globally 94 million people suffered from cataract and 7.7 million from glaucoma in 2021, thus increase in the patient population suffering from cataracts and glaucoma is expected to boost the demand for OCT devices, thereby driving the growth of market. Further, rise in awareness and adoption of optical coherence tomography (OCT) for diagnosis of eye diseases and cancers are expected to drive the growth of market.
However, high cost of optical coherence tomography (OCT) devices is a factor which restrains the growth of market. In addition, the absence of favorable reimbursement policies is also expected to hamper the growth of the market. The global optical coherence tomography market is segmented into type, technology, application, and region. By type, the market is categorized into catheter-based OCT devices, handheld OCT devices and tabletop OCT devices. By application, the market is categorized into ophthalmology, cardiovascular, and others. By end user, the market is categorized into hospitals, clinics and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major key players that operate in the global optical coherence tomography market are Abbott Laboratories, Carl Zeiss Meditec Group, Danaher Corporation (Leica Microsystems), Metall Zug AG (HAAG-STREIT GROUP), Michelson Diagnostics Ltd., NIDEK CO., LTD, Novacam Technologies, Inc., OPTOPOL Technology Sp. z o.o., Thorlabs, Inc and Topcon Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the optical coherence tomography (oct) market analysis from 2021 to 2031 to identify the prevailing optical coherence tomography (oct) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the optical coherence tomography (oct) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global optical coherence tomography (oct) market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Catheter-based OCT
Handheld OCT Devices
Tabletop OCT Devices
By Application
Ophthalmology
Cardiovascular
Others
By End User
Hospitals
Clinics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Carl Zeiss Meditec AG
NIDEK CO., LTD
Metall Zug AG
Danaher Corporation
Michelson Diagnostics Ltd.
OPTOPOL Technology Sp. z o.o.
Novacam Technologies, Inc.
Thorlabs, Inc
Abbott Laboratories
Topcon Corporation
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