Optical Coherence Tomography Market to surpass $2,179 Mn by 2026

June 24, 2019


Global optical coherence tomography (OCT) market size is expected to exceed USD $2,179 million by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
 

Optical coherence tomography (OCT) methods are operative optical diagnostics techniques that capture a 2 dimensional as well as the 3-dimensional images of the retina for ophthalmological assessments and treatments. As per the report, the primary factor that drives optical coherence tomography (OCT) market is the need for these techniques across a wide range of life science and healthcare domains. The OCT market is supported by the advancement in technologies, further driven by the high significance of medical applications in the present scenario.
 

The scope of optical coherence tomography is not only confined to ophthalmology but expands across other medical applications like dermatology, nephrology, and oncology as well. The rise in number of applications has impacted growth scenarios of the optical coherence tomography (OCT) which is expected to garner immense growth in the forecast period. Development in the field of pathology has also emerged as a leading contributor to industry growth as OCT techniques could be used in the pensive study of micro-level diseases. Besides, OCT’s non-intrusive nature has made this method a preferred option of the medical community for ophthalmic imaging.
 

The Optical Coherence Tomography market has expanded into the study of ailments like diabetes, cardiovascular disruptions, esophageal problems, prostate cancer, and non-melanoma skin cancer. This turns out to be a significant driver for the market as the high prevalence of such disorders would generate huge demand for OCT products. Additionally, the emerging economies such as Japan, China, and India have witnessed operational variations within their healthcare sector which is driving progress in those regions. This drives the demand for OCT devices further impelling market growth, cites the report.
 

The report delivers a comprehensive analysis of the textile chemicals market drivers, restraints, and opportunities during the projected timeline. In addition, a detailed analysis of global optical coherence tomography (OCT) market on the basis of technology, type, application, and geography is included in the report.
 

Based on technology, the market is bifurcated into Time Domain Optical Coherence Tomography (TDOCT), Frequency Domain Optical Coherence Tomography (FD-OCT), and Spatially Encoded Frequency Domain Optical Coherence Tomography. The Spatially Encoded Frequency Domain Optical Coherence Tomography is further divided into Fourier Domain Optical Coherence Tomography (FDOCT) and Spectral Domain Optical Coherence Tomography (SDOCT).
 

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Based on type, the market is divided into Tabletop OCT devices, Doppler OCT devices, Catheter-based OCT devices, and Handheld OCT devices. According to the report, the handheld type segment was anticipated to lead the market in 2017. Regional contribution can be attributed to the high product penetration across developed regions such as the U.K., Germany, the U.S, and Brazil.
 

Based on application, the global optical coherence tomography (OCT) market is segmented into Cardiovascular, Ophthalmology, Dermatology, Oncology, and others. The Ophthalmology segment was estimated to dominate the industry in 2017. Introduction of advanced devices with higher accuracy, enhanced performance, and ease of use paired with the supplementing prevalence of choroidal and retinal disorders is the primary factor enhancing market growth.
 

The well-known players operating in the competitive landscape of optical coherence tomography (OCT) market include Carl Zeiss Meditec AG, Agfa Healthcare, Heidelberg Engineering GmbH, Michelson Diagnostics, Imalux Corporation, Novacam Technologies Inc., Topcon Medical Systems Inc., OPTOPOL Technology S.A., and Thorlabs Inc. among others. Company profiles of these industry players have been detailed in the report under business overview, product benchmarking, financials, and recent developments.