Global Optical Coherence Tomography (OCT) Market Analysis, Drivers, Restraints, Opportunities, Trends, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights in its upcoming report titled “Global Optical Coherence Tomography (OCT) Market: Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global optical coherence tomography (OCT) market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global optical coherence tomography (OCT) market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global optical coherence tomography (OCT) market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global optical coherence tomography (OCT) market report has been segmented on the basis of technology, type, application, and region.
Optical coherence tomography (OCT) is a non-invasive optical technique used for diagnosis. Optical coherence tomography (OCT) is based on the principle of interferometry, which employs near infrared light to create a cross-sectional view of the retina. OCT captures three-dimensional images of the biological tissue with micrometre-resolution that is accurate to within 10 to 15 microns.
Moreover, OCT devices have a sample arm and a reference arm. The sample arm of the system provides light to the patient sample (e.g. retina), and collects the light dispersed from the sample. This light collected from the sample is then mixed with the light that is reflected from the reference arm of the device. On the contrary to ultrasound, optical coherence tomography (OCT) imaging does not require any physical contact with the patient, which makes it a safe and effective diagnostic imaging tool. Furthermore, owing to its advanced three-dimensional imaging ability, OCT has gained wide popularity as a powerful diagnostic tool in the fields of oncology, dermatology, and endoscopic diagnosis.
Rising aging population, and extensive scope for application of optical coherence tomography (OCT) are key factors driving growth of the global optical coherence tomography (OCT) market. In addition, extensive use of OCT in drug discovery and technological benefits of OCT such as ability to visualize in-depth structures of the eye, surface tissue and vascular systems are major factors contributing to growth of global optical coherence tomography (OCT) market.
However, insufficient clinical data, and lack of proper medical reimbursement facilities are key factors impeding growth of the global optical coherence tomography (OCT) market. In addition, lack of proper equipment and skilled personnel for usage of devices based on optical coherence tomography (OCT) are major factors restraining growth of the global optical coherence tomography market.
In terms of revenue, North America market holds largest market share in the global optical coherence tomography market, owing to presence of advanced medical facilities such as Cath-labs with better infrastructure, government initiatives to improve patient care, and reimbursement coverage for OCT glaucoma. Europe market holds second-largest market share of the global optical coherence tomography market followed by Asia pacific. Asia Pacific market is estimated to witness fastest growth over the forecast period with a CAGR of XX.X%. this is attributed to presence of growth opportunities in countries such as Korea, China, India, Malaysia and others countries of South Asia, and are anticipated to drive growth of this market. Furthermore, expansion of customer-base by competitors, and establishment of manufacturing units in countries in this region are also anticipated to support growth of Asia Pacific optical coherence tomography market.
Global optical coherence tomography (OCT) market segmentation by technology:
- Time Domain OCT (TDOCT)
- Frequency Domain OCT (FD-OCT)
- Spatial Encoded Frequency Domain OCT
- Fourier Domain OCT (FDOCT)
Global optical coherence tomography (OCT) market segmentation by type:
- Catheter based OCT devices
- Doppler OCT devices
- Handheld OCT devices
- Table-top OCT devices
Global optical coherence tomography (OCT) market segmentation by application:
Global optical coherence tomography (OCT) market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Carl Zeiss
- Heidelberg Engineering
- Leica Microsystems
- Agfa HealthCare
- Michelson Diagnostics
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