Optical Coherence Tomography Market Size is Set to Reach USD 1.72 Billion by 2025

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Global Optical Coherence Tomography (OCT) Market: Strong Distributors and Suppliers Network

According to Goldstein Research, Global Optical coherence tomography (OCT) market is expected to reach USD 1.72 billion by 2025, growing at a CAGR of 7.5% over the forecast period 2017-2025. The increasing prevalence of both diagnosed and undiagnosed diabetes is primarily driving the growth of the market. Moreover, the advent of smart OCT for Glaucoma and Retina is further extending the growth of the market. OCT market segmentation has been carried out on the basis of type, technology, application and end-user. Based on application, ophthalmology segment accounted for 46% market share, whereas the dermatology imaging is expected to grow at high CAGR of 7.85%. Global optical coherence tomography (OCT) market is dominated by North America in 2017 with a market share of 35%, closely followed by Europe. Furthermore Asia Pacific is growing at the fastest CAGR to hold a market share of 24% by 2025. Korea, China, India, & Malaysia are the top countries of APAC region expected to be the fastest growing countries.

Market Segmentation

On the basis of our in-depth analysis, Global OCT 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
  • Based on Geography
    • North America (U.S. & Canada) {Market Share (%), Market Size (USD Billion)}
    • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
    • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)}
    • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)}
    • The Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}

 

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Market Trends, Drivers, and Challenges

“Global OCT Market Outlook 2024” contains a detailed overview of the GlobalOCT 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.

Further, for the in-depth analysis, Global OCT Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asCarl 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 OCT market trends along with the market forecast that will help industry 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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