Optical coherence tomography (OCT) is a non-invasive imaging test conducted to get high resolution cross-sectional images of the retina. OCT performs cross-sectional tomographic imaging of the internal microstructure in materials and biologic systems by measuring backscattered or backreflected light. It is a well-established technology within the ophthalmology medical imaging market.In recent times, it has been advanced as one of the most significant imaging procedures in different other clinical applications including early-stage cancer detection, surgical guidance, and early diagnosis of musculoskeletal diseases. The companies associated with manufacturing OCT devices has expanded considerably during the most recent years especially attributable to its achievement in ophthalmology and this innovation can be required to keep on spreading into different fields of utilization.
Optical Coherence Tomography Driving Factors
- Recent hybridization of OCT with angiography framing the OCT angiography divice are picking up ubiquity in the clinical field which discovers application in cardiovascular conditions. For example, Optovue, Leica Microsystems, and organizations like IBM are creating OCT angiography device consolidated to analytics to offer a complete quantitative image of the scans, hence promoting advanced diagnosis
- The miniaturization and enhancement of OTC devices, which offers growth opportunity for the market. Presently, industry players are conducting research and development aiming towards development of “OCT in a chip”. This is an optimistic sign for the market growth
- Increasing demand from new biomedical applications, constant development of innovative technologies will further support the growth of the global market.
Optical Coherence Tomography Market Segmental Overview
- In terms of technology, the Oct market is categorised into time domain optical coherence tomography (TDOCT), frequency domain optical coherence tomography (FD-OCT) and spatially encoded frequency domain optical coherence tomography. spatially encoded frequency domain optical coherence tomography is further categorised into spectral domain optical coherence tomography (SDOCT), fourier domain optical coherence tomography (FDOCT). Among these, spatially encoded domain OCT is anticipated 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.
- Optical coherence tomography market finds application in the field of ophthalmology, dermatology, oncology, cardiovascular, dentistry, cancer detection etc. The major demand for these devices comes from the field of the ophthalmology. In ophthalmology, optical coherence tomography is accepted as a clinical standard for diagnosing and monitoring treatment of a number of retinal diseases including glaucoma, cataract, age related molecular degeration etc.
- On the basis of devices type, the optical coherence tomography devices market is classified into catheter-based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices.
- Based on geography, the OCT market is categorised into North America, Europe, APAC and Rest of the world. North America held the maximum revenue share of the optical coherence tomography market followed by the Europe. The presence of well-developed healthcare infrastructure, government funding, and high public and private expenditure in healthcare sector coupled with the increasing ophthalmic disease burden and strategic presence of key market are the factors anticipated to the boost the growth of the
Optical Coherence Tomography Market Key Players
Prominent players offering ophthalmology PACS products include Carl Zeiss Meditec AG, Optovue, Topcon Medical Systems Inc., Michelson Diagnostics Ltd, Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc. among others.
The OCT market is analysed on the basis of technology, application, device type, and geography. In terms of technology, the Oct market is categorised into time domain optical coherence tomography (TDOCT), frequency domain optical coherence tomography (FD-OCT) and spatially encoded frequency domain optical coherence tomography. spatially encoded frequency domain optical coherence tomography is further categorised into spectral domain optical coherence tomography (SDOCT), fourier domain optical coherence tomography (FDOCT). The market finds application in the field of ophthalmology, dermatology, oncology, cardiovascular, dentistry, cancer detection etc. On the basis of devices type, the optical coherence tomography devices market is classified into catheter-based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices. Based on geography, the OCT market is categorised into North America, Europe, APAC and Rest of the world. Prominent players offering ophthalmology PACS products include Carl Zeiss Meditec AG, Optovue, Topcon Medical Systems Inc., Michelson Diagnostics Ltd, Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc. among others.
Why to buy this report:
- The report offers changing market dynamics in the ophthalmology PACS market, presenting historical, current and projected market size in terms of value (USD million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Optical Coherence Tomography Market
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on of Optical Coherence Tomography Market performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of Optical Coherence Tomography Market
