Market Overview:
The global optical coherence tomography (OCT) equipment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for OCT equipment for various applications such as hospitals, research centers, and other applications. Additionally, the growing awareness about OCT technology and its benefits is also contributing to the growth of this market. On the basis of type, the global OCT equipment market can be segmented into semi-automatic and fully automatic OCT equipment. The semi-automatic segment is expected to account for a larger share of this market than the fully automatic segment during the forecast period. On the basis of application, hospitals are expected to account for a larger share of this market than research centers duringthe forecast period.
Product Definition:
Optical Coherence Tomography (OCT) is a medical diagnostic imaging technique that uses low-power laser light to create images of the inside of the body. OCT equipment is used to produce detailed, three-dimensional images of the eye, allowing doctors to diagnose and treat conditions such as glaucoma, macular degeneration, and cataracts.
Semi Automatic:
Semi-automatic OTT is a technique that uses computer software to control the acquisition and analysis of images. In this process, the user does not have to manually trigger every single image acquisition as in automatic OTT. The major advantage of semi-automatic over automatic systems is that users can perform other tasks while imaging without hampering data collection or quality.
Fully Automatic:
Fully automatic is a kind of technology that requires no user interaction. It is used in OTT for providing high quality images and videos. Fully automatic systems are highly reliable, easy to use, and produce high-quality results with minimal human intervention. The fully automatic system can be used for various applications such as medical imaging, security surveillance, retail point of sale display systems etc.
Application Insights:
The other application segment includes the use of OCT for ophthalmic diagnostics, clinical trials, and treatment planning. The hospital segment dominated the global market in terms of revenue in 2017 owing to a high adoption rate of advanced imaging devices coupled with rising awareness about OCT. Furthermore, increasing government funding for research on optical coherence tomography is expected to boost industry growth over the forecast period.
OCT is widely used in clinical trials due to its advantages such as real-time visualization and improved accuracy when compared with conventional imaging techniques such as X-ray or ultrasound scan. It helps detect microvascular changes that are difficult to observe using conventional imaging methods due to patient motion or other factors such as lighting conditions affecting image quality.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to growing geriatric population, high adoption of advanced technology, and increasing healthcare expenditure in U.S. Moreover, favorable reimbursement scenario is also expected to drive the regional demand for OCT systems over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as China and India. In addition, increasing investments by public & private entities are likely to boost industry expansion over next eight years due to growing need for better diagnosis & treatment options for various diseases including cancer at a relatively lower cost with improved accuracy & specificity compared with traditional imaging modalities used currently (optical coherence tomography).
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 equipment is widely used in minimally invasive surgeries as it offers high-resolution images of tissues and organs with great accuracy.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, cardiovascular disorders, and diabetes is on the rise globally due to changing lifestyles and increasing pollution levels. These conditions often require repeated diagnostic tests which can be performed using optical coherence tomography equipment effectively and efficiently.
- Growing demand for personalized medicine: With the advent of precision medicine, there is an increasing demand for diagnostic tests that can provide detailed information about a patient’s individual genetic makeup or disease profile. Optical coherence tomography equipment has emerged as an important tool in personalized medicine due to its ability to generate high-resolution 3D images of tissues and organs with great accuracy..
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Coherence Tomography Equipment Market Research Report
By Type
Semi Automatic, Fully Automatic
By Application
Hospitals, Research Center, Other
By Companies
Heidelberg Engineering, Carl Zeiss Meditec, Optovue, Topcon, Tomey Corporation, Nidek, Optovue, Optopol, Optos, BaySpec, MOPTIM
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
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Optical Coherence Tomography Equipment Market Report Segments:
The global Optical Coherence Tomography Equipment market is segmented on the basis of:
Types
Semi Automatic, Fully Automatic
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, Research Center, Other
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:
- Heidelberg Engineering
- Carl Zeiss Meditec
- Optovue
- Topcon
- Tomey Corporation
- Nidek
- Optovue
- Optopol
- Optos
- BaySpec
- MOPTIM
Highlights of The Optical Coherence Tomography Equipment 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:
- Semi Automatic
- Fully Automatic
- By Application:
- Hospitals
- Research Center
- Other
- 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 Equipment 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Optical coherence tomography (OCT) is a medical imaging technology that uses light to create detailed images of internal organs and structures. OCT can be used to diagnose diseases, assess injuries, and monitor the health of patients.
Some of the major companies in the optical coherence tomography equipment market are Heidelberg Engineering, Carl Zeiss Meditec, Optovue, Topcon, Tomey Corporation, Nidek, Optovue, Optopol, Optos, BaySpec, MOPTIM.
The optical coherence tomography equipment market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Coherence Tomography Equipment 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 Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Coherence Tomography Equipment 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 Equipment 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 Equipment Market Size & Forecast, 2018-2028 4.5.1 Optical Coherence Tomography Equipment Market Size and Y-o-Y Growth 4.5.2 Optical Coherence Tomography Equipment Market Absolute $ Opportunity
Chapter 5 Global Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
5.2.1 Semi Automatic
5.2.2 Fully Automatic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Research Center
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Coherence Tomography Equipment 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 Equipment 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 Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
9.6.1 Semi Automatic
9.6.2 Fully Automatic
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 Equipment Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Research Center
9.10.3 Other
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 Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
10.6.1 Semi Automatic
10.6.2 Fully Automatic
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 Equipment Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Research Center
10.10.3 Other
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 Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
11.6.1 Semi Automatic
11.6.2 Fully Automatic
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 Equipment Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Research Center
11.10.3 Other
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 Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
12.6.1 Semi Automatic
12.6.2 Fully Automatic
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 Equipment Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Research Center
12.10.3 Other
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 Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Coherence Tomography Equipment 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 Equipment Market Size Forecast by Type
13.6.1 Semi Automatic
13.6.2 Fully Automatic
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 Equipment Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Research Center
13.10.3 Other
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 Equipment Market: Competitive Dashboard
14.2 Global Optical Coherence Tomography Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Heidelberg Engineering
14.3.2 Carl Zeiss Meditec
14.3.3 Optovue
14.3.4 Topcon
14.3.5 Tomey Corporation
14.3.6 Nidek
14.3.7 Optovue
14.3.8 Optopol
14.3.9 Optos
14.3.10 BaySpec
14.3.11 MOPTIM