Market Overview:
The global OCT imaging system market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for OCT imaging systems for various applications such as retinal imaging, optical biopsies, material and chemical inspection, and other applications. In addition, the growing awareness about the benefits of OCT imaging systems is also contributing to the growth of this market.
Product Definition:
The OCT imaging system is a medical device that uses light waves to create images of the inside of the body. These images can be used to diagnose conditions such as eye diseases and cancer.
Time-Domain Type:
Time-domain type is a new term in the telecommunication industry. It was initially used for fiber optics transmission systems and has now extended to wireless as well as wired communication systems. The time domain is the part of signal that represents time-varying parameters such as delay, rise/fall times, and group delays.
Spectral-Domain Type:
The Spectral-Domain Type (SDFT) is a new imaging modality that uses near-infrared light to perform high-resolution optical coherence tomography. The technology has been under development by the University of Southern California Viterbi School of Engineering since 2015. It was presented for the first time at the International Society for Optical Coherence Tomography (ISOCT) in 2016, where it received an excellent paper award.
Application Insights:
The other application segment includes ultrasound, confocal and microscopy. OCT is used for various applications such as retinal imaging, optical biopsies, material and chemical inspection. Among these, retinal imaging held the largest market share in 2017 owing to high demand for advanced diagnostic devices that can detect early signs of diseases at an early stage.
OCT provides detailed analysis of the structure and composition of tissue making it a preferred tool for visualizing internal structures such as blood vessels or nerves within the eye or brain tissue at a cellular level. The technology¢â‚¬â„¢s versatility has enabled its use in numerous ophthalmic applications including diabetic retinopathy screening and assessment of choroidal neovascularization after laser surgery among others. OCT is also used extensively in neuro-ophthalmology where it helps analyze nerve fiber layer thicknesses which aid surgeons during surgical procedures to improve patient outcomes further driving its growth over the forecast period.
Regional Analysis:
North America OCT imaging system market is expected to grow at a lucrative rate over the forecast period. The growth can be attributed to increasing R&D investments by various organizations in the region, such as Society of Vascular Surgery and American Venous Forum. In addition, growing adoption of advanced technologies for diagnosis and treatment of various diseases is anticipated to drive regional demand during the forecast period.
Asia Pacific OCT imaging system market is likely to witness significant growth over the coming years owing to factors such as improving healthcare infrastructure and rising prevalence of diabetes in this region. Moreover, increasing government initiatives for creating awareness about early diagnosis are also expected drive regional demand during the estimated time frame (2018-2030). For instance, according to Diabetes Australia Inc., more than 7 million people have diabetes in China; however, only 2 million have been diagnosed thus far due Oct 4th 2015 [sic] To An Increase In Awareness And Improved Diagnostic Technologies In This Region Diabetes Australia Inc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global OCT Imaging System market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for minimally invasive surgeries, which is resulting in the growth of the OCT Imaging System market.
- Technological advancements: The development of new and innovative technologies is one of the key growth drivers for the OCT Imaging System market. This has led to an increase in adoption rates among surgeons, which is further propelling the growth of this market.
- Rising prevalence of eye diseases: The global OCT Imaging System market is also witnessing a rise in demand due to an increase in cases related to eye diseases such as glaucoma, cataract, and diabetic retinopathy across different regions worldwide. This is further contributing towards the overall growth of this market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
OCT Imaging System Market Research Report
By Type
Time-Domain Type, Spectral-Domain Type
By Application
Retinal Imaging, Optical Biopsies, Material and Chemical Inspection, Other
By Companies
Thorlabs, Edmund Optics, Leica, Wasatch Photonics, BaySpec, NinePoint Medical, Topcon Medical Systems
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global OCT Imaging System Market Report Segments:
The global OCT Imaging System market is segmented on the basis of:
Types
Time-Domain Type, Spectral-Domain Type
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
Retinal Imaging, Optical Biopsies, Material and Chemical Inspection, 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:
- Thorlabs
- Edmund Optics
- Leica
- Wasatch Photonics
- BaySpec
- NinePoint Medical
- Topcon Medical Systems
Highlights of The OCT Imaging System 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:
- Time-Domain Type
- Spectral-Domain Type
- By Application:
- Retinal Imaging
- Optical Biopsies
- Material and Chemical Inspection
- 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 OCT Imaging System 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
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
The OCT imaging system is a medical device that uses light to create images of body tissues and organs. The system is used to diagnose and treat diseases.
Some of the major players in the oct imaging system market are Thorlabs, Edmund Optics, Leica, Wasatch Photonics, BaySpec, NinePoint Medical, Topcon Medical Systems.
The oct imaging system market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. OCT Imaging System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. OCT Imaging System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. OCT Imaging System Market - Supply Chain
4.5. Global OCT Imaging System Market Forecast
4.5.1. OCT Imaging System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. OCT Imaging System Market Size (000 Units) and Y-o-Y Growth
4.5.3. OCT Imaging System Market Absolute $ Opportunity
5. Global OCT Imaging System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. OCT Imaging System Market Size and Volume Forecast by Type
5.3.1. Time-Domain Type
5.3.2. Spectral-Domain Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global OCT Imaging System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. OCT Imaging System Market Size and Volume Forecast by Application
6.3.1. Retinal Imaging
6.3.2. Optical Biopsies
6.3.3. Material and Chemical Inspection
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global OCT Imaging System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. OCT Imaging System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global OCT Imaging System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. OCT Imaging System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global OCT Imaging System Demand Share Forecast, 2019-2026
9. North America OCT Imaging System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America OCT Imaging System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America OCT Imaging System Market Size and Volume Forecast by Application
9.4.1. Retinal Imaging
9.4.2. Optical Biopsies
9.4.3. Material and Chemical Inspection
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America OCT Imaging System Market Size and Volume Forecast by Type
9.7.1. Time-Domain Type
9.7.2. Spectral-Domain Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America OCT Imaging System Demand Share Forecast, 2019-2026
10. Latin America OCT Imaging System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America OCT Imaging System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America OCT Imaging System Market Size and Volume Forecast by Application
10.4.1. Retinal Imaging
10.4.2. Optical Biopsies
10.4.3. Material and Chemical Inspection
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America OCT Imaging System Market Size and Volume Forecast by Type
10.7.1. Time-Domain Type
10.7.2. Spectral-Domain Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America OCT Imaging System Demand Share Forecast, 2019-2026
11. Europe OCT Imaging System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe OCT Imaging System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe OCT Imaging System Market Size and Volume Forecast by Application
11.4.1. Retinal Imaging
11.4.2. Optical Biopsies
11.4.3. Material and Chemical Inspection
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe OCT Imaging System Market Size and Volume Forecast by Type
11.7.1. Time-Domain Type
11.7.2. Spectral-Domain Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y--Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe OCT Imaging System Demand Share, 2019-2026
12. Asia Pacific OCT Imaging System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific OCT Imaging System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific OCT Imaging System Market Size and Volume Forecast by Application
12.4.1. Retinal Imaging
12.4.2. Optical Biopsies
12.4.3. Material and Chemical Inspection
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific OCT Imaging System Market Size and Volume Forecast by Type
12.7.1. Time-Domain Type
12.7.2. Spectral-Domain Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific OCT Imaging System Demand Share, 2019-2026
13. Middle East & Africa OCT Imaging System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa OCT Imaging System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa OCT Imaging System Market Size and Volume Forecast by Application
13.4.1. Retinal Imaging
13.4.2. Optical Biopsies
13.4.3. Material and Chemical Inspection
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa OCT Imaging System Market Size and Volume Forecast by Type
13.7.1. Time-Domain Type
13.7.2. Spectral-Domain Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa OCT Imaging System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global OCT Imaging System Market: Market Share Analysis
14.2. OCT Imaging System Distributors and Customers
14.3. OCT Imaging System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Thorlabs
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Edmund Optics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Leica
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Wasatch Photonics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. BaySpec
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NinePoint Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Topcon Medical Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
