Market Overview:
The global handheld optical coherence tomography (OCT) device market is expected to register a CAGR of 10.8% during the forecast period, 2018-2030. The handheld OCT device market is segmented on the basis of type, application and region. On the basis of type, the spectral-domain OCT segment is expected to hold a larger share in the global handheld OCT device market during the forecast period. This can be attributed to its advantages such as high speed and resolution over swept-source OCT devices. On the basis of application, hospitals are expected to hold a larger share in terms of revenue in 2018; however, specialty clinics are projected to register highest CAGR during 2018-2030 owing to increasing demand for early diagnosis and treatment procedures for various ophthalmic disorders.
Product Definition:
A handheld optical coherence tomography (OCT) device is a medical device that uses light to create images of the inside of the body. These images can be used to diagnose and treat medical conditions.
Spectral-Domain OCT:
The global handheld optical coherence tomography device market is expected to grow at a significant rate owing to the increasing demand for noninvasive medical imaging modalities. The growing prevalence of target diseases such as cancer, diabetes, and cardiovascular disorders across the globe is anticipated to drive the market growth over the forecast period.
Swept-Source OCT:
The swept-source OCT (SSOCT) is a noninvasive medical imaging technology that helps in visualizing internal body structures in high resolution. It utilizes light waves to obtain cross-sectional images of targeted areas. The SSOCT device has several advantages over the other conventional imaging techniques such as magnetic resonance imaging (MRI), X-ray, and computed tomography (CT).
Application Insights:
The market is segmented by application into ophthalmology research institutes, hospitals, and specialty clinics. The specialty clinics held the largest share of over 70% in 2017. Handheld OCT is used for a variety of applications including diabetic retinopathy screening, glaucoma screening, macular degeneration diagnosis and treatment monitoring as well as refractive surgery evaluation.
Ophthalmology research institutes are anticipated to be the fastest-growing segment at a CAGR of XX% from 2018 to 2030 owing to an increase in government funding for advanced imaging devices that can detect early stages of eye diseases at an early stage so that effective treatment can be initiated before any permanent damage is done to the eyesight.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the prevalence of age-related ophthalmic disorders, increasing government funding for R&D, and high adoption of advanced technologies. Moreover, an increase in awareness about ophthalmology diseases and favorable reimbursement policies are some other factors driving regional growth. For instance, as per Medicare reimbursement policy for OCT scans is different from that of traditional screening tests (such as dilated eye exam or fundus photography), thus resulting into higher adoption rates.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to rising geriatric population with chronic conditions such as diabetes and glaucoma; improving healthcare infrastructure; growing medical tourism industry; and increasing disposable income & consumer awareness about early diagnosis & treatment options for various diseases. In addition, low cost of OCT devices will also contribute towards regional growth during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The handheld OCT device market is expected to grow at a high rate due to the increasing demand for minimally invasive surgeries. This is because handheld OCT devices provide surgeons with real-time images of tissues and organs, which helps them make better decisions during surgery.
- Growing use of handheld OCT devices in neurology: Handheld OCT devices are increasingly being used in neurology to diagnose and treat various neurological disorders such as Alzheimer's disease, dementia, and stroke. This is because handheld OCT devices can provide high-resolution images of the brain that can help doctors detect these disorders at an early stage.
- Rising prevalence of eye diseases: The rising prevalence of eye diseases such as glaucoma, cataract, macular degeneration, and diabetic retinopathy is also expected to drive the growth of the handheld OCT device market. Handheld OCT devices can help doctors detect these diseases at an early stage and thus help prevent vision loss in patients.
- Growing use of handheld OCT devices in cancer diagnosis: Handheld octave Devices are also being increasingly used in cancer diagnosis to identify tumors and measure their size accurately. This is because hand held octave Devices can provide high-resolution images that allow doctors to distinguish between healthy and cancerous tissues with great accuracy
Scope Of The Report
Report Attributes
Report Details
Report Title
Handheld Optical Coherence Tomography (OCT) Device Market Research Report
By Type
Spectral-Domain OCT, Swept-Source OCT
By Application
Speciality Clinics, Hospitals, Ophthalmology Research Institutes
By Companies
Alcon, Zeiss, Leica Microsystems, NIDEK, OptoVue, Thorlabs, PhotoniCare, Michelson Diagnostics, Agfa Healthcare, Topcon Medical Systems, Alcon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Handheld Optical Coherence Tomography (OCT) Device Market Report Segments:
The global Handheld Optical Coherence Tomography (OCT) Device market is segmented on the basis of:
Types
Spectral-Domain OCT, Swept-Source OCT
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Speciality Clinics, Hospitals, Ophthalmology Research Institutes
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcon
- Zeiss
- Leica Microsystems
- NIDEK
- OptoVue
- Thorlabs
- PhotoniCare
- Michelson Diagnostics
- Agfa Healthcare
- Topcon Medical Systems
- Alcon
Highlights of The Handheld Optical Coherence Tomography (OCT) Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spectral-Domain OCT
- Swept-Source OCT
- By Application:
- Speciality Clinics
- Hospitals
- Ophthalmology Research Institutes
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Handheld Optical Coherence Tomography (OCT) Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A handheld optical coherence tomography device (OCT) is a medical imaging device that uses light to create cross-sectional images of internal organs or tissues. OCT can be used to diagnose conditions such as cancer, heart disease, and liver disease.
Some of the major companies in the handheld optical coherence tomography (oct) device market are Alcon, Zeiss, Leica Microsystems, NIDEK, OptoVue, Thorlabs, PhotoniCare, Michelson Diagnostics, Agfa Healthcare, Topcon Medical Systems, Alcon.
The handheld optical coherence tomography (oct) device market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Handheld Optical Coherence Tomography (OCT) Device Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Handheld Optical Coherence Tomography (OCT) Device Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Handheld Optical Coherence Tomography (OCT) Device Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Handheld Optical Coherence Tomography (OCT) Device Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Handheld Optical Coherence Tomography (OCT) Device Market Size & Forecast, 2018-2028 4.5.1 Handheld Optical Coherence Tomography (OCT) Device Market Size and Y-o-Y Growth 4.5.2 Handheld Optical Coherence Tomography (OCT) Device Market Absolute $ Opportunity
Chapter 5 Global Handheld Optical Coherence Tomography (OCT) Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
5.2.1 Spectral-Domain OCT
5.2.2 Swept-Source OCT
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Handheld Optical Coherence Tomography (OCT) Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
6.2.1 Speciality Clinics
6.2.2 Hospitals
6.2.3 Ophthalmology Research Institutes
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Handheld Optical Coherence Tomography (OCT) Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Handheld Optical Coherence Tomography (OCT) Device Analysis and Forecast
9.1 Introduction
9.2 North America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
9.6.1 Spectral-Domain OCT
9.6.2 Swept-Source OCT
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
9.10.1 Speciality Clinics
9.10.2 Hospitals
9.10.3 Ophthalmology Research Institutes
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Handheld Optical Coherence Tomography (OCT) Device Analysis and Forecast
10.1 Introduction
10.2 Europe Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
10.6.1 Spectral-Domain OCT
10.6.2 Swept-Source OCT
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
10.10.1 Speciality Clinics
10.10.2 Hospitals
10.10.3 Ophthalmology Research Institutes
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Handheld Optical Coherence Tomography (OCT) Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
11.6.1 Spectral-Domain OCT
11.6.2 Swept-Source OCT
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
11.10.1 Speciality Clinics
11.10.2 Hospitals
11.10.3 Ophthalmology Research Institutes
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Handheld Optical Coherence Tomography (OCT) Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
12.6.1 Spectral-Domain OCT
12.6.2 Swept-Source OCT
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
12.10.1 Speciality Clinics
12.10.2 Hospitals
12.10.3 Ophthalmology Research Institutes
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Handheld Optical Coherence Tomography (OCT) Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Type
13.6.1 Spectral-Domain OCT
13.6.2 Swept-Source OCT
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Handheld Optical Coherence Tomography (OCT) Device Market Size Forecast by Applications
13.10.1 Speciality Clinics
13.10.2 Hospitals
13.10.3 Ophthalmology Research Institutes
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Handheld Optical Coherence Tomography (OCT) Device Market: Competitive Dashboard
14.2 Global Handheld Optical Coherence Tomography (OCT) Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alcon
14.3.2 Zeiss
14.3.3 Leica Microsystems
14.3.4 NIDEK
14.3.5 OptoVue
14.3.6 Thorlabs
14.3.7 PhotoniCare
14.3.8 Michelson Diagnostics
14.3.9 Agfa Healthcare
14.3.10 Topcon Medical Systems
14.3.11 Alcon