Optical Coherence Tomography (OCT) Market Propelled By The Aftermarket of OCT Devices & Strong Network Of Distribution And Supplier

Global Optical Coherence Tomography (OCT) Market Projected to Grow at a CAGR of 7.5% over the Forecast Period 2017-2025.

Globally the rising incidences of diabetes, both diagnosed & undiagnosed are majorly driving the optical coherence tomography (OCT) market as it has a direct impact on the prevalence of diabetic retinopathy and vision-threatening diabetic retinopathy (VTDR). According to Goldstein Research, global optical coherence tomography market size is expected to reach USD 1.72 billion by 2025, growing at a compounded annual growth rate of 7.5% during the forecast period 2017-2025. Global optical coherence tomography market segmentation has been carried out on the basis of type, technology, application, end user and geography. On the basis of application, ophthalmology segment accounted for 46.0% market share in 2017. On the other hand, dermatology imaging application segment is forecast to have lucrative growth at the rate of 7.85% during the forecast period.

Further, Global optical coherence tomography industry is estimated to be dominated by North America with a market share of 35.0% in 2017. North America is closely followed by Europe optical coherence tomography market share. Whereas, Asia Pacific region is anticipated to grow at fastest CAGR over the forecast period, such that by 2025 it is expected to acquire a 24.0% market share. Furthermore, the market is largely impacted with the growth of computed tomography market, which is growing at a CAGR of 5.0% over the forecast period to grow from a market size of USD 5.1 billion in 2016.

Market Segmentation

On the basis of our in-depth analysis, Global Optical Coherence Tomography Market can be segmented as follows:

  • By Type
    • Handheld OCT devices
    • Catheter-based OCT devices
    • Tabletop OCT devices
    • Doppler OCT devices
  • By Technology
    • Frequency Domain OCT (FD-OCT)
    • Polarization-sensitive OCT
    • Spatial Encoded Frequency Domain
    • Time Domain OCT (TDOCT)
    • Others
  • By Application
    • Cardiovascular
    • Ophthalmology
    • Oncology
    • Others (Dermatology Imaging, etc)
  • By End User
    • Hospitals and clinics
    • ASCs
    • Physicians’ offices
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 “Global Optical Coherence Tomography Market Outlook 2025” contains a detailed overview of the global optical coherence tomography market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by type, technology, application and end user.

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Further, for the in-depth analysis, Global Optical Coherence Tomography Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Optovue, Michelson Diagnostics Ltd., Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare, Imalux Corporation, OPTOPOL Technology S.A, Leica Microsystems, TOPCON, Agiltron, DermaLumics, Insight, Moptim, NinePoint Medical, Oztec, PhotoniCare, Santec, Terumo, Tomophase, Thorlabs, St. Jude Medical and Thorlabs Inc., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global optical coherence tomography market trends along with a market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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