The growing incidence of cancer and cardiac diseases coupled with advancement in technology is driving the optical coherence tomography market.
Market Size – USD 1.10 Billion in 2018, Market Growth – CAGR of 8.4%, Market Trends – High application in Ophthalmology.
The global optical coherence tomography market is forecast to reach USD 2.29 Billion by 2027, according to a new report by Reports and Data. Optical coherence tomography is an effective optical diagnostics that emits a 2D view of the retina to help in ophthalmological treatments and tests.
The market is mainly propelled by the growing need for this technology across various domains of healthcare and life sciences. The market has been accentuated by the emergence of new technologies and furthered by the growing relevance of medical applications. The market is not only confined to ophthalmology and has plunged across other medical realms such as nephrology, dermatology, and oncology.
The growing need for pathological tests and treatment is contributing to the growth of the optical coherence tomography market. The non-invasive characteristics of the market has made it the prime choice in optical imaging. The developing nations, including India and China, have seen structural changes in their healthcare sector that is making developmental strides. This proliferates the demand for optical coherence tomography devices contributing to the strength of the market.
Key companies profiled in the report include
Topcon Medical Systems Inc., Heidelberg Engineering GmbH, Carl Zeiss Meditec AG, Michelson Diagnostics Ltd., Agfa Healthcare, Novacam Technologies Inc., Thorlabs Inc., Boston Scientific Corporation, Abbott Laboratories, and Optovue, Inc.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Optical Coherence Tomography market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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Optical Coherence Tomography Market Segmentation based on Types:
Type Outlook (Revenue, USD Billion; 2016-2027)
- Catheter-based OCT devices
- Doppler OCT devices
- Handheld OCT devices
- Tabletop OCT devices
Technology Outlook (Revenue, USD Billion; 2016-2027)
- Frequency Domain OCT (FD-OCT)
- Time Domain OCT (TDOCT)
- Spatial Encoded Frequency Domain OCT
Optical Coherence Tomography Market Segmentation based on Application:
Application Outlook (Revenue, USD Billion; 2016-2027)
- Ophthalmology
- Oncology
- Cardiovascular
- Dermatology
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Optical Coherence Tomography Market Report:
- In-depth understanding of the market size, market share, and market scope of Optical Coherence Tomography market
- Easy identification of growth opportunities and key product development strategies
- Historical and forecast data for Optical Coherence Tomography market to ease the decision making process
- Production and consumption ratio, import/export data and company’s market position explained in detailed with graphs and charts to aid in decision making
- Strategic recommendations to established players and new entrants to gain a strong foothold in the market
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