39.JPG)
Optical Coherence Tomography (OCT) Market Size is valued at USD 1.93 Bn in 2023 and is predicted to reach USD 3.96 Bn by the year 2031 at a 9.65% CAGR during the forecast period for 2024-2031.
OCT is a non-invasive imaging test that employs light waves to capture detailed cross-sectional images of the retina, enabling a thorough examination of its distinct layers. The expansion of the optical coherence tomography (OCT) market is being driven by increased awareness among physicians and patients about the benefits of this non-invasive imaging technique. Additionally, the rising investments in developing advanced and sophisticated OCT technologies are expected to support the market's growth.
However, it's worth noting that the initial cost of investment may hinder the growth of the OCT market in the near term." Furthermore, growing public awareness of retinal illnesses will also likely create new chances for the optical coherence tomography (OCT) market to expand in future years. The optical coherence tomography (OCT) market may face further challenges soon due to the lack of infrastructure in some clinics.
Competitive Landscape
Some Major Key Players In The Optical Coherence Tomography (OCT) Market:
- Carl Zeiss Meditec AG
- Optovue
- Michelson Diagnostics Ltd
- Heidelberg Engineering GmbH
- Topcon Medical Systems Inc.
- Novacam Technologies Inc.
- Agfa Healthcare
- Thorlabs Inc.
- TomeyUSA
- NIDEK Co. Ltd.
- OPTOPOL Technology
- BaySpec Inc.
- MOPTIM
- Canon Inc.
- Leica Microsystems GmbH
- Imalux Corp.
- Agiltron's Inc.
- Metall Zug AG
- Abbott
- Nikon Instruments Inc.,
- Novartis, Edmund Optics Inc.,
- Bausch Health
- MedLumics
- others
Market Segmentation:
The Optical Coherence Tomography (OCT) market is segmented based on construction, product, and application types. The market is set to Time-domain OCT (TD-OCT), Spatial Encoded Frequency Domain OCT, Frequency Domain OCT (FD-OCT) and Others based on construction type. The market is segmented by application into Catheter-based OCT Devices, Doppler OCT Devices, tabletop OCT devices and handheld OCT devices.
Based On The Product, The Urology Segment Is A Major Contributor To The Optical Coherence Tomography (OCT) Market.
The urology category will hold a major share of the global (OCT) market. Urology researchers and medical institutions increasingly incorporate OCT into their studies and educational programs. This contributes to a deeper understanding of urological conditions and fosters the development of new diagnostic and treatment approaches. Urologists are increasingly turning to minimally invasive techniques for diagnosis and treatment. OCT's non-invasive nature and ability to provide real-time imaging make it a valuable tool in urological procedures, reducing the need for more invasive diagnostic methods.
The Tabletop OCT Devices Segment Witnessed Growth At A Rapid Rate.
The talestop OCT devices segment is projected to grow rapidly in the global Optical Coherence Tomography (OCT) market. Tabletop OCT devices are often designed with user-friendly interfaces, making them accessible to a broader range of healthcare professionals. This ease of use can facilitate the adoption of OCT technology in different medical specialities. Tabletop OCT devices often come at a lower price than larger systems. This makes them a cost-effective choice for healthcare providers who may have budget constraints but still want to offer OCT imaging services to their patients. Many tabletop OCT devices are versatile and can be used for various applications, including ophthalmology, dermatology, and cardiology. This versatility allows healthcare providers to use a single device for multiple purposes.
The North American Optical Coherence Tomography (OCT) Market Holds A Significant Regional Revenue Share.
The North American optical coherence tomography (OCT) market is expected to register a tremendous share. The optical coherence tomography (OCT) market will expand in the area during the forecast period due to the rise in eye-related diseases and the presence of significant key players. Due to the increased healthcare costs, the European regional market is projected to develop rapidly in the global Optical Coherence Tomography (OCT) market. The growing understanding of eye illnesses is also projected to fuel the optical coherence tomography (OCT) market's expansion in the area for the forecast year.
Recent Developments:
- In Aug 2023, The study conducted by Abbott demonstrated that the utilisation of optical coherence tomography (OCT) resulted in improved procedural results for stent placement. The study revealed that the utilisation of OCT guidance led to a statistically significant increase of 7% in minimum stent area (MSA) compared to the use of angiography guidance alone.
- In April 2019, ZEISS Introduced the First Dual-Speed Swept-Source OCT/OCTA at the Annual Meeting of the Association for Research in Vision and Ophthalmology (ARVO). The PLEX Elite 2.0 enhances ophthalmic imaging and clinical research by enabling quicker, more detailed, and higher-resolution eye imaging.
Optical Coherence Tomography (OCT) Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 1.93 Bn |
|
Revenue Forecast In 2031 |
USD 3.96 Bn |
|
Growth Rate CAGR |
CAGR of 9.65 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Construction Type, By Product Type, By Application Type |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Carl Zeiss AG, Heidelberg Engineering GmbH., Agfa Healthcare India Pvt. Ltd., Leica Microsystems, TOPCON CORPORATION, Agiltron Inc., Insight., Michelson Diagnostics Ltd, OPTOPOL Technology Sp. z o.o, Shenzhen MOPTIM Imaging Technique Co., Ltd., Thorlabs, Inc., Miniprobes, HAAG-STREIT GROUP, Abbott., Canon Inc., Nikon Instruments Inc., Novartis, Edmund Optics Inc., Bausch Health., and MedLumics |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
