Market Overview:
The global optical coherence tomography (OCT) device market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The increasing demand for minimally invasive diagnostic procedures, rising prevalence of ocular diseases, and technological advancements are some of the major factors driving the growth of this market. Based on type, the global OCT device market can be segmented into tabletop OCT devices and handheld OCT devices. The tabletop OCT devices segment is expected to account for a larger share of the market in 2018 owing to their high accuracy and precision compared with handheld OCT devices. Based on application, the global OCT device market can be divided into hospitals, diagnostic centers, research centers, and others (including military applications). The hospitals segment is expected to dominate the market in 2018 due to rising demand for minimally invasive diagnostic procedures in this sector.
Product Definition:
Optical Coherence Tomography (OCT) is a medical imaging technique used to visualize the interior structure of tissue. OCT works by shining light in to the tissue and measuring how much light is reflected back. Differences in reflection can be used to create an image of the different layers of tissue within the body.
Tabletop OCT Devices:
Tabletop OCT devices, it's usage.
Optical Coherence Tomography (OCT) is a diagnostic medical procedure that utilizes light to create cross-sectional images of internal body structures. It is an advanced version of ultrasound imaging. The device works by scanning the object to be examined with high-intensity light beams which are then captured and analyzed by a computer.
Handheld OCT Devices:
Handheld OCT devices are used in OTT for the purpose of imaging. The technology is gaining popularity due to its ability to provide high-resolution images, which can be helpful in identifying diseases such as cancer and other eye disorders. Handheld OCT devices produce cross-sectional image volumes by scanning a tissue or body part with optical fibers that are attached to an electronic device.
Application Insights:
Based on application, the market is segmented into hospitals, diagnostic centers, research centers and others. Hospitals held the largest share in 2017 owing to increasing prevalence of diseases such as cancer and cardiac disorders that require advanced imaging techniques for early diagnosis. In addition, an increase in government funding for innovative healthcare technologies has fueled product demand in this segment.
Owing to growing adoption of OCT devices across various research projects and studies pertaining to brain function & structure/functionality relationship of healthy human brain tissue there has been a significant rise in demand from research centers over the past few years. Furthermore, increasing R&D investments by major players such as Zeiss AG & Company; Merck KGaA; GE Healthcare; Ltd.;aconvection-based platform by LumaSense Technologies Inc.; adaptive optics based systems by Acuson ABP Inc., supercontinuum source by Optoma Technology Corporation are expected to drive industry growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by various organizations, such as the National Institutes of Health (NIH), and a rise in consumer awareness about early diagnosis of diseases. Moreover, growing adoption of advanced technologies for better patient care is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising healthcare expenditure by governments and private agencies as well as an increase in demand for improved diagnostic procedures due to rising incidences of cancer and other diseases. In addition, improving healthcare infrastructure coupled with economic development will boost regional growth over the next eight years (from 2018 to 2030). However, high manufacturing cost associated with OCT devices may limit its widespread use across this region at present; however it is expected that this will change soon after introduction of affordable devices through imports and exports between countries.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Optical coherence tomography devices are ideally suited for use in minimally invasive surgeries as they provide high-resolution images of the target tissue without causing any damage.
- Growing prevalence of eye diseases: The global prevalence of eye diseases is estimated to be around 285 million cases, and this number is expected to grow significantly in the coming years due to increasing aging population and rising levels of pollution worldwide. This presents a major opportunity for optical coherence tomography device manufacturers as these devices can help in early diagnosis and treatment of various eye diseases.
- Rising demand from emerging markets: The Asia Pacific region is currently the fastest growing market for optical coherence tomography devices, with China leading the way followed by India and Japan . This growth can be attributed to several factors such as increasing awareness about ophthalmic disorders, rising disposable income levels, improving healthcare infrastructure ,and government initiatives supporting medical device development .
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Coherence Tomography Device Market Research Report
By Type
Tabletop OCT Devices, Handheld OCT Devices
By Application
Hospitals, Diagnostic centers, Research Centers, Others
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Optical Coherence Tomography Device Market Report Segments:
The global Optical Coherence Tomography Device market is segmented on the basis of:
Types
Tabletop OCT Devices, Handheld OCT Devices
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
Hospitals, Diagnostic centers, Research Centers, Others
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 Optical Coherence Tomography 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:
- Tabletop OCT Devices
- Handheld OCT Devices
- By Application:
- Hospitals
- Diagnostic centers
- Research Centers
- Others
- 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 Optical Coherence Tomography 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?
An optical coherence tomography device (OCT) is a medical imaging technology that uses light to create cross-sectional images of body tissues. OCT can be used to image the inside of the eye, brain, heart, and other organs.
Some of the major companies in the optical coherence tomography device market are Alcon, Zeiss, Leica Microsystems, NIDEK, OptoVue, Thorlabs, PhotoniCare, Michelson Diagnostics, Agfa Healthcare, Topcon Medical Systems, Alcon.
The optical coherence tomography 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 Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Coherence Tomography 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 Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size & Forecast, 2018-2028
4.5.1 Optical Coherence Tomography Device Market Size and Y-o-Y Growth
4.5.2 Optical Coherence Tomography Device Market Absolute $ Opportunity
Chapter 5 Global Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Type
5.2.1 Tabletop OCT Devices
5.2.2 Handheld OCT Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic centers
6.2.3 Research Centers
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Coherence Tomography 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 Optical Coherence Tomography 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 Optical Coherence Tomography Device Analysis and Forecast
9.1 Introduction
9.2 North America Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Type
9.6.1 Tabletop OCT Devices
9.6.2 Handheld OCT Devices
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 Optical Coherence Tomography Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic centers
9.10.3 Research Centers
9.10.4 Others
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 Optical Coherence Tomography Device Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Type
10.6.1 Tabletop OCT Devices
10.6.2 Handheld OCT Devices
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 Optical Coherence Tomography Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic centers
10.10.3 Research Centers
10.10.4 Others
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 Optical Coherence Tomography Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Type
11.6.1 Tabletop OCT Devices
11.6.2 Handheld OCT Devices
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 Optical Coherence Tomography Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic centers
11.10.3 Research Centers
11.10.4 Others
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 Optical Coherence Tomography Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Coherence Tomography 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 Optical Coherence Tomography Device Market Size Forecast by Type
12.6.1 Tabletop OCT Devices
12.6.2 Handheld OCT Devices
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 Optical Coherence Tomography Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic centers
12.10.3 Research Centers
12.10.4 Others
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) Optical Coherence Tomography Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Coherence Tomography 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) Optical Coherence Tomography Device Market Size Forecast by Type
13.6.1 Tabletop OCT Devices
13.6.2 Handheld OCT Devices
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) Optical Coherence Tomography Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic centers
13.10.3 Research Centers
13.10.4 Others
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 Optical Coherence Tomography Device Market: Competitive Dashboard
14.2 Global Optical Coherence Tomography 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
