San Francisco, 11 February, Optical Coherence Tomography (OCT) Market
Analysis By Technology (Time Domain Based, Frequency Domain Based, Spatially
Encoded Frequency Domain Based), By Type (Catheter, Doppler OCT, Handheld,
Tabletop), By Application (Ophthalmology, Cardiovascular, Oncology, Dermatology)
And Segment Forecasts to 2024.
The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024, according
to a new report by Grand View Research, Inc. Increasing incidences of ocular
diseases coupled with rising technological advancement in diagnostics is
expected to boost the market for OCT based imaging devices. Furthermore, rising
applications in cardiology, dermatology, oncology and other diseases is
anticipated to support market growth over the forecast period.
Improvement in the design of
the devices along with utility of advanced software is expected to enhance the
healthcare provider’s ability to accurately diagnose and manage chronic
conditions. For instance, Optovue launched AngioVue Retina in June 2016, which
is expected to provide ophthalmologist with a smooth integration of the optical
coherence tomography angiography technology into the workflow.
Government support towards
increased diagnostic rate is another vital impact rendering driver. For
instance, the U.S. FDA have launched multiple programs to facilitate routine
screening of geriatric patients, which forms a large portion of the target
group. Availability of favorable reimbursement, is further expected to increase
the diagnostic rate for conditions such as age-related macular degeneration,
retinopathy, vitreomacular traction along with various other conditions.
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Report On Optical Coherence Tomography (OCT) Market Analysis:
Further key findings from the study suggest:
·
The time domain segment
spearheaded the optical coherence tomography market in 2015, whereas, spatially
encoded domain OCT is expected to witness lucrative growth over the forecast
period. This is the most advanced technology and finds application across
various domains, thereby actively contributing to the market growth over the
forecast period.
·
Ophthalmology forms the largest
application segment and is expected to lose market share over the forecast
period owing to the introduction of other application and their lucrative
growth trend. For instance, application of these devices for dermatology
imaging is predicted to be on rise over the next few years. The ability of OCT
imaging devices to non-invasively provide 3D images up to 2-3 mm depth with
higher resolution than ultrasound is expected to be the driver of this growth.
·
Asia Pacific region is
predicted to witness the fastest growth by 2024 and hold over 25.0% of the
market share. Presence of growth opportunities in regions such as Korea, China,
India, Malaysia and others countries of South Asia are anticipated to be the
vital impact rendering drivers. Furthermore, expansion of competitors and
establishment of manufacturing units in the region are also anticipated to
support growth.
·
Few of the key players include,
Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Optovue, Michelson
Diagnostics Ltd., Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa
Healthcare and Thorlabs Inc.
·
Carl Zeiss is a prominent
participant of the OCT industry with product portfolio varying for time domain
to spatially encoded frequency domain based devices. Their product Cirrus
HD-OCT 5000 launched in 2013, is highly popular among ophthalmic practice.
·
Furthermore, the players are
also developing modified components for these devices in order to meet the
specific needs of clients. For instance, Thorlabs in August 2016 released, a
polarization-dependent isolator and super luminescent diode which can be
further customized.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/medical-imaging
Grand View Research has segmented the
global OCT market on the basis of technology, type, application and region.
Global OCT Market by Technology,
2013 - 2024 (USD Million)
·
Time Domain OCT (TDOCT)
·
Frequency Domain OCT (FD-OCT)
·
Spatial Encoded Frequency
Domain OCT
o
Fourier Domain OCT (FDOCT)
o
Others
Global OCT Market by Type, 2013
- 2024 (USD Million)
·
Catheter based OCT devices
·
Doppler OCT devices
·
Handheld OCT devices
·
Tabletop OCT devices
Global OCT Market by Application,
2013 - 2024 (USD Million)
·
Ophthalmology
·
Cardiovascular
·
Oncology
·
Dermatology
·
Others
OCT Market by Region, 2013
- 2024 (USD Million)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-optical-coherence-tomography-oct-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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