We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. ×
Market Research Report

Global Optical Coherence Tomography (OCT) Market - Industry Size, Share, Trends, Demand, Growth Analysis, Regional Outlook and Forecast 2016-2024

Published Date :


Report Pages :


Format :


Region Covered :


Market Overview

The prevalence of diabetes worldwide is rising continuously; simultaneously, the prevalence of diabetic retinopathy and vision-threatening diabetic retinopathy (VTDR) is also anticipated to increase drastically.  However, early detection and treatment can reduce the risk of blindness by 95%, while diabetic retinopathy often lacks early symptoms, people with diabetes should get a comprehensive dilated eye exam at least once a year. Optical Coherence Tomography (OCT) systems are designed and manufactured with high-precision optical metrology systems for 3D non-contact inspection and imaging, for instance, Agfa HealthCare launched “SKINTELL” i.e. non-invasive high-definition Optical Coherence Tomography solution that  offers very fast, comfortable solution for visualizing skin morphology and measuring dimensions in the skin layers.

Goldstein Research analyst forecast the optical coherence tomography market size is set to reach USD 1.72 billion by 2025, at a CAGR of 7.5% over the forecast years. Presence of accessory provider companies i.e the aftermarket of OCT devices and a strong network of distributors and suppliers in the market are the growth drivers of the market.

OCT Market Segmentation

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

Based on Geography

  • North America (U.S. & Canada) Optical Coherence Tomography Market {Market Share (%), Market Size (USD Billion)}
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Optical Coherence Tomography Market {Market Share (%), Market Size (USD Billion)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Optical Coherence Tomography Market {Market Share (%), Market Size (USD Billion)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Optical Coherence Tomography Market {Market Share (%), Market Size (USD Billion)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Optical Coherence Tomography Market {Market Share (%), Market Size (USD Billion)}

Segments Holding Major Market Share

Based on application, ophthalmology segment spearheaded the optical coherence tomography market in 2017 with the market share of 46%, whereas, introduction of other applications like dermatology imaging is expected to witness lucrative growth i.e. at the rate of 7.85% over the forecast period due to the ability of OCT imaging devices to non-invasively provide 3D images up to 2-3 mm depth with higher resolution than ultrasound.      

Based on geography, North America with 35% market share in 2017 followed by Europe are the leading markets for Optical Coherence Tomography (OCT) owing to growing rate of supply of OCT imaging by manufacturers to hospitals to improve their brand image and expand product reach. Asia Pacific region is the fastest growing region and tends to hold over 24% of the market share by 2025. Presence of growth opportunities in regions such as Korea, China, India, Malaysia and others countries of South Asia are expected to be the vital impact rendering drivers. Furthermore, expansion of competitors and establishment of manufacturing units in the region while to increase efficiency, hospitals increasingly adopt OCT system for the diagnosis of diabetic retinopathy, cardiovascular diseases, and dermatology.  

Market Dynamics

According to our global market study on the basis of extensive primary and secondary research: “One trend is the advancement in smart OCT for Anterior Segment, Glaucoma and Retina to make OCT standard of care and identify subtle change in pathology. For instance, CIRRUS HD-OCT by ZEISS is the industry-defining advancements for clinical assessment tools with FastTrac that reduces eye motion artifacts without sacrificing patient throughput with a proprietary scan acquisition strategy, high speed 20 Hz LSO camera, and single-pass alignment scanning.”

According to the report, major driving factor is the increasing intensity of prevalence of both diagnosed and undiagnosed diabetes. In 2015, an estimated 23.1 million people or 7.2% of the U.S. population had diagnosed with diabetes and currently, about 60% of people with diabetes have yearly screenings for diabetic retinopathy.

Further, the report states the biggest challenge is the lack of reimbursement facilities and insufficient clinical data might impede the growth of the Optical Coherence Tomography (OCT) market.

Covered In This Global Optical Coherence Tomography Market Report

The report covers the present ground scenario and the future growth prospects of the Optical Coherence Tomography market for 2017-2025 along with the data of installed OCT in hospitals, CATH labs and other medical facilities worldwide. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. The Optical Coherence Tomography Market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players. The report also includes micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Global Optical Coherence Tomography Market 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Optical Coherence Tomography Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Optical Coherence Tomography Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Key Market Players

Our global Optical Coherence Tomography Market report comprises of the following companies as the key players: 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.

 The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Intended Audience

  • Optical Coherence Tomography devices Suppliers
  • Optical Coherence Tomography devices manufacturers
  • Research and Development (R&D) Companies
  • Medical Research Laboratories
  • Diagnostic centers
  • Academic Medical Institutes and Universities

For a full detailed overview, send us the sample request.

Key questions answered in this research report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the revenue of total market in 2016-17 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.

{ }

Global Optical Coherence Tomography (OCT) Market - Industry Size, Share, Trends, Demand, Growth Analysis, Regional Outlook and Forecast 2016-2024

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

OR Call Us:+1-646-568-7747

Table of Contents

Please Select Linenece Type