Market Overview:
The global optical coherence tomography (OCT) market is expected to reach USD 2.5 billion by 2030, registering a CAGR of 10.8% during the forecast period 2018-2030. The growth in the OCT market can be attributed to factors such as technological advancements, rising prevalence of eye diseases and increasing demand for minimally invasive diagnostic procedures. Based on type, the global OCT market is segmented into catheter-based OCT devices, Doppler OCT devices, handheld OCT devices and tabletop OCT devices. Catheter-based octaldevices are further classified into single fiber optic based catheters and dual fiber optic based catheters. In terms of application, the global OCT market is segmented into ophthalmology, cardiovascular disease detection & treatment monitoring), oncology (skin cancer diagnosis), dermatology (acne lesion diagnosis) and other applications (tissue engineering research). Geographically, the global optical coherence tomographymarket is segmentedinto North America,, Europe,, Asia Pacificand Middle East & Africa). Some of the major players operating in this market include Carl Zeiss Meditec AG (), Heidelberg Engineering GmbH (), Topcon Corporation (), NIDEK CO., LTD ().
Product Definition:
Optical coherence tomography (OCT) is a medical imaging technique that uses low-power laser light to generate images of the interior of biological tissues. OCT is used to probe microscopic features of tissues with micrometer resolution, typically in the range from 1 to 3 μm. The name "coherence" refers to the ability of light waves passing through different parts of the sample to remain in step with one another, maintaining their relative phase relationship. This allows interference between the waves emanating from different points in the sample and resulting in a bright image on a detector array placed behind it.
Catheter-BasedOCtDevices:
The catheter-based OCT devices are used for the visualization of blood flow in the peripheral arteries. The usage of this device is increasing owing to its several advantages such as it's noninvasive, real time imaging, and cost effectiveness. These devices are gaining popularity among patients suffering from lifestyle diseases or conditions that may cause atherosclerosis or require frequent angiography procedures.
Doppler OCT Devices:
The Doppler OCT devices are used to measure the blood flow in the capillaries of the retina and optic nerve. The advantage of using this device is that it can be used in any lighting condition, unlike other optical coherence tomography devices which are only effective when used under specific lighting conditions. This factor makes it a more versatile device for ophthalmology practices as compared to its counterparts.
Application Insights:
The other application segment includes the use of OCT for non-invasive imaging in diabetes, musculoskeletal, and neurological applications. The growing usage of OCT in these fields is anticipated to contribute towards revenue growth over the forecast period.
Ophthalmology held the largest share of around 40% in 2017 owing to its wide range of clinical applications including diabetic retinopathy screening, eye pain diagnosis (ophthalmic pain), glaucoma testing and treatment planning & evaluation (reconstruction surgery). Furthermore, it also has a huge potential as a diagnostic tool for various ocular diseases such as cataract extraction failure and amblyopia. However due to high costs involved with its usage most commonly referred to as spectral domain optical coherence tomography (SD-OCT), it is only used by few centers thus limiting overall market penetration.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of market players, high adoption rate of advanced technologies, and increasing healthcare expenditure in this region. In addition, favorable reimbursement policies are also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and growing patient awareness about available treatment options leading to an increase in demand for optical coherence tomography devices. Moreover, government initiatives for improving public health are also expected favorably impact industry growth during the forecast period (2018-2030).
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 owing 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 (OCT) is increasingly being used in minimally invasive surgeries as it offers high-resolution images of tissues and organs with great accuracy.
- Rising prevalence of eye diseases: The global prevalence of blindness is estimated to be around 0.35% while that of visual impairment stands at 5%. These figures are expected to rise in the coming years due to the increasing aging population and rising incidence of eye diseases such as glaucoma, cataract, age-related macular degeneration (AMD), diabetic retinopathy, etc. OCT helps in early diagnosis and treatment of these diseases thus preventing vision loss in a large number of patients worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Coherence Tomography Market Research Report
By Type
Catheter-BasedOCtDevices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices
By Application
Ophthalmology, Cardiovascular, Oncology, Dermatology, Other
By Companies
Carl Zeiss Meditec AG, Agfa Healthcare, Imalux Corporation, Heidelberg Engineering GmbH, OPTOPOL Technology S.A., Michelson Diagnostics, Novacam Technologies Inc., Optovue, Topcon Medical Systems Inc., Thorlabs
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Optical Coherence Tomography Market Report Segments:
The global Optical Coherence Tomography market is segmented on the basis of:
Types
Catheter-BasedOCtDevices, Doppler OCT Devices, Handheld OCT Devices, Tabletop 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
Ophthalmology, Cardiovascular, Oncology, Dermatology, 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:
- Carl Zeiss Meditec AG
- Agfa Healthcare
- Imalux Corporation
- Heidelberg Engineering GmbH
- OPTOPOL Technology S.A.
- Michelson Diagnostics
- Novacam Technologies Inc.
- Optovue
- Topcon Medical Systems Inc.
- Thorlabs
Highlights of The Optical Coherence Tomography 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:
- Catheter-BasedOCtDevices
- Doppler OCT Devices
- Handheld OCT Devices
- Tabletop OCT Devices
- By Application:
- Ophthalmology
- Cardiovascular
- Oncology
- Dermatology
- 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 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?
Optical coherence tomography (OCT) is a medical imaging technique that uses light to create detailed images of internal organs and tissues. OCT scans are used to diagnose conditions such as cancer, heart disease, and liver problems.
Some of the key players operating in the optical coherence tomography market are Carl Zeiss Meditec AG, Agfa Healthcare, Imalux Corporation, Heidelberg Engineering GmbH, OPTOPOL Technology S.A., Michelson Diagnostics, Novacam Technologies Inc., Optovue, Topcon Medical Systems Inc., Thorlabs.
The optical coherence tomography 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 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 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Optical Coherence Tomography 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 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 Market Size & Forecast, 2020-2028
4.5.1 Optical Coherence Tomography Market Size and Y-o-Y Growth
4.5.2 Optical Coherence Tomography Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Catheter-BasedOCtDevices
5.2.2 Doppler OCT Devices
5.2.3 Handheld OCT Devices
5.2.4 Tabletop OCT Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Ophthalmology
6.2.2 Cardiovascular
6.2.3 Oncology
6.2.4 Dermatology
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Coherence Tomography 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 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Catheter-BasedOCtDevices
9.6.2 Doppler OCT Devices
9.6.3 Handheld OCT Devices
9.6.4 Tabletop 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 Market Size Forecast by Applications
9.10.1 Ophthalmology
9.10.2 Cardiovascular
9.10.3 Oncology
9.10.4 Dermatology
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Catheter-BasedOCtDevices
10.6.2 Doppler OCT Devices
10.6.3 Handheld OCT Devices
10.6.4 Tabletop 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 Market Size Forecast by Applications
10.10.1 Ophthalmology
10.10.2 Cardiovascular
10.10.3 Oncology
10.10.4 Dermatology
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Catheter-BasedOCtDevices
11.6.2 Doppler OCT Devices
11.6.3 Handheld OCT Devices
11.6.4 Tabletop 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 Market Size Forecast by Applications
11.10.1 Ophthalmology
11.10.2 Cardiovascular
11.10.3 Oncology
11.10.4 Dermatology
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Catheter-BasedOCtDevices
12.6.2 Doppler OCT Devices
12.6.3 Handheld OCT Devices
12.6.4 Tabletop 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 Market Size Forecast by Applications
12.10.1 Ophthalmology
12.10.2 Cardiovascular
12.10.3 Oncology
12.10.4 Dermatology
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Catheter-BasedOCtDevices
13.6.2 Doppler OCT Devices
13.6.3 Handheld OCT Devices
13.6.4 Tabletop 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) Market Size Forecast by Applications
13.10.1 Ophthalmology
13.10.2 Cardiovascular
13.10.3 Oncology
13.10.4 Dermatology
13.10.5 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 Market: Competitive Dashboard
14.2 Global Optical Coherence Tomography Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carl Zeiss Meditec AG
14.3.2 Agfa Healthcare
14.3.3 Imalux Corporation
14.3.4 Heidelberg Engineering GmbH
14.3.5 OPTOPOL Technology S.A.
14.3.6 Michelson Diagnostics
14.3.7 Novacam Technologies Inc.
14.3.8 Optovue
14.3.9 Topcon Medical Systems Inc.
14.3.10 Thorlabs
