Market Overview:
The global optical coherence tomography system (EOCT) market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of esophageal diseases, gastrointestinal disorders, biliary and pancreatic diseases, and other applications. Additionally, technological advancements in EOCT systems are also contributing to the growth of the market. The balloon-less optical probe segment is expected to grow at a higher CAGR than the balloon optical probe segment during the forecast period.
Product Definition:
An Optical Coherence Tomography System (EOCT) is a device that uses light waves to create images of the inside of an object. This system is important because it can be used to diagnose medical conditions and diseases.
Balloon Optical Probe:
The optical coherence tomography (OCT) system is used for in-vitro imaging of biological tissues. The technology has gained popularity due to its noninvasive nature and high sensitivity & accuracy features. In the past few years, the technology has been widely accepted by researchers as well as medical practitioners for various applications such as biopsy, detection of cancer cells or vascular structures in a patient’s eye, and measurement of intraocular pressure among others.
Balloon-less Optical Probe:
The balloon-less optical probe is an advanced technology that uses light to measure the tissue properties. It provides high sensitivity and selectivity, which are essential requirements for EOCT. The technology has been used in various applications such as medical imaging, biopsy procedures, and interventional radiology.
The global market size was valued at USD 473 million in 2016.
Application Insights:
The other application segment accounted for the largest share in 2015 owing to its wide range of applications, which include breast cancer, brain tumor, gynecological disorders and others. The gastrointestinal disorders segment is also expected to grow at a significant rate during the forecast period due to high adoption rates of EOCT in clinical settings for diagnosis purposes.
Balloon-less optical coherence tomography system is widely used for esophageal diseases as it provides real-time visualization of the entire digestive tract with high accuracy and allows flexible imaging positions. It has been approved by U.S FDA under 510(k) process for esophageal disease detection based on FOBT technology since 2014 while another version -based optical coherence tomography system (VOCAT), was granted marketing approval from European Commission (CE Marking) in 2018 under 1037/97/EC category3for esophageal diseases detection using FIT technology among others.
Regional Analysis:
North America dominated the global market in 2017 owing to a high prevalence of chronic diseases, such as cardiovascular and liver diseases. According to the World Health Organization (WHO), in 2015 around 29.1 million people died due to CVDs, which is about 6% of total deaths worldwide. Thus, an increase in the number of deaths due to CVDs has increased demand for EOCT systems used for early diagnosis of these disorders thus boosting regional growth.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing its increasing geriatric population base that requires advanced healthcare solutions like optical coherence tomography system with higher accuracy.
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. EOCT systems are ideally suited for use in minimally invasive surgeries as they offer 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 the increasing aging population worldwide. Eye diseases can cause significant vision impairment or even blindness if not treated early, which makes timely diagnosis essential for effective treatment outcomes. EOCT systems offer an efficient way of diagnosing various eye diseases at an early stage with high accuracy levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Coherence Tomography System (EOCT) Market Research Report
By Type
Balloon Optical Probe, Balloon-less Optical Probe
By Application
Esophageal Disease, Gastrointestinal Disorders, Biliary and Pancreatic Diseases, Other
By Companies
NinePoint Medical, Micro-Tech Endoscopy, G&H, TOPTICA, Santec, AlazarTech
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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Optical Coherence Tomography System (EOCT) Market Report Segments:
The global Optical Coherence Tomography System (EOCT) market is segmented on the basis of:
Types
Balloon Optical Probe, Balloon-less Optical Probe
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
Esophageal Disease, Gastrointestinal Disorders, Biliary and Pancreatic Diseases, 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:
- NinePoint Medical
- Micro-Tech Endoscopy
- G&H
- TOPTICA
- Santec
- AlazarTech
Highlights of The Optical Coherence Tomography System (EOCT) 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:
- Balloon Optical Probe
- Balloon-less Optical Probe
- By Application:
- Esophageal Disease
- Gastrointestinal Disorders
- Biliary and Pancreatic Diseases
- 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 System (EOCT) 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 system (EOCT) is a medical imaging device that uses light to create cross-sectional images of the body. EOCT can be used to image organs and tissues in detail, as well as diagnose diseases.
Some of the major companies in the optical coherence tomography system (eoct) market are NinePoint Medical, Micro-Tech Endoscopy, G&H, TOPTICA, Santec, AlazarTech.
The optical coherence tomography system (eoct) market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Coherence Tomography System (EOCT) 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 System (EOCT) 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 System (EOCT) Market Size & Forecast, 2018-2028 4.5.1 Optical Coherence Tomography System (EOCT) Market Size and Y-o-Y Growth 4.5.2 Optical Coherence Tomography System (EOCT) Market Absolute $ Opportunity
Chapter 5 Global Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
5.2.1 Balloon Optical Probe
5.2.2 Balloon-less Optical Probe
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Applications
6.2.1 Esophageal Disease
6.2.2 Gastrointestinal Disorders
6.2.3 Biliary and Pancreatic Diseases
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Coherence Tomography System (EOCT) 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 System (EOCT) 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 System (EOCT) Analysis and Forecast
9.1 Introduction
9.2 North America Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
9.6.1 Balloon Optical Probe
9.6.2 Balloon-less Optical Probe
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 System (EOCT) Market Size Forecast by Applications
9.10.1 Esophageal Disease
9.10.2 Gastrointestinal Disorders
9.10.3 Biliary and Pancreatic Diseases
9.10.4 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 System (EOCT) Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
10.6.1 Balloon Optical Probe
10.6.2 Balloon-less Optical Probe
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 System (EOCT) Market Size Forecast by Applications
10.10.1 Esophageal Disease
10.10.2 Gastrointestinal Disorders
10.10.3 Biliary and Pancreatic Diseases
10.10.4 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 System (EOCT) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
11.6.1 Balloon Optical Probe
11.6.2 Balloon-less Optical Probe
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 System (EOCT) Market Size Forecast by Applications
11.10.1 Esophageal Disease
11.10.2 Gastrointestinal Disorders
11.10.3 Biliary and Pancreatic Diseases
11.10.4 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 System (EOCT) Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
12.6.1 Balloon Optical Probe
12.6.2 Balloon-less Optical Probe
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 System (EOCT) Market Size Forecast by Applications
12.10.1 Esophageal Disease
12.10.2 Gastrointestinal Disorders
12.10.3 Biliary and Pancreatic Diseases
12.10.4 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 System (EOCT) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Coherence Tomography System (EOCT) 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 System (EOCT) Market Size Forecast by Type
13.6.1 Balloon Optical Probe
13.6.2 Balloon-less Optical Probe
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 System (EOCT) Market Size Forecast by Applications
13.10.1 Esophageal Disease
13.10.2 Gastrointestinal Disorders
13.10.3 Biliary and Pancreatic Diseases
13.10.4 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 System (EOCT) Market: Competitive Dashboard
14.2 Global Optical Coherence Tomography System (EOCT) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NinePoint Medical
14.3.2 Micro-Tech Endoscopy
14.3.3 G&H
14.3.4 TOPTICA
14.3.5 Santec
14.3.6 AlazarTech