Optical Coherence Tomography Market Growth and Technology Advancement 2022 to 2028

Optical Coherence Tomography Market
Optical Coherence Tomography Market

The global Optical Coherence Tomography Market is forecast to reach USD 2,473.3 Million by 2028, according to a new report by Reports and Data. Optical coherence tomography is an effective optical diagnostics that emits a 2D view of the retina to help in ophthalmological treatments and tests.

The market is mainly propelled by the growing need for this technology across various domains of healthcare and life sciences. The market has been accentuated by the emergence of new technologies and furthered by the growing relevance of medical applications. The market is not only confined to ophthalmology and has plunged across other medical realms such as nephrology, dermatology, and oncology.

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Further key findings from the report suggest

  • Doppler optical coherence tomographycombines the Doppler Effect principle as a whole, which result in tomographic images with high resolution. There are two types of Doppler OCT: Fourier Domain Doppler OCT and Time domain Doppler OCT. Due to high spatial resolution and velocity sensitivity, Doppler OCT has its own position in the field of biomedical research and clinical medicine.
  • Growth in the incidences of diabetic retinopathy, along with advancement in healthcare products for proper and effective treatment of the patients, will propel the demand for the market. The growing adoption of innovative imaging diagnostic products for the treatment is expected to flourish the growth of the market.
  • The driver for advances in optical coherence tomography technology for imaging skin has been a growing interest in imaging skin cancer, mostly, nonmelanoma skin cancer. There are several other features that can be mistaken for tumors in optical coherence tomography images, such as cysts, hair follicles, and benign growths, hence, high image resolution is needed to distinguish successfully.
  • Europe captured the second largest market of optical coherence tomography in 2020. European countries such as Germany, the U.K., and others are expected to be the major contributors to the growth of the market owing to the rise in the number of patients affected with eye disorders.

Competitive Outlook of the Global Optical Coherence Tomography Market

The globla Optical Coherence Tomography market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Optical Coherence Tomography market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers & acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.

Top Companies Profiled in the Report:

Topcon Medical Systems Inc., Heidelberg Engineering GmbH, Carl Zeiss Meditec AG, Michelson Diagnostics Ltd., Agfa Healthcare, Novacam Technologies Inc., Thorlabs Inc., Boston Scientific Corporation, Abbott Laboratories, and Optovue, Inc., among others.

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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.

Optical Coherence Tomography Market Segmentation:

Type Outlook (Revenue, USD Billion; 2020-2028)

  • Catheter-based OCT devices
  • Doppler OCT devices
  • Handheld OCT devices
  • Tabletop OCT devices

Technology Outlook (Revenue, USD Billion; 2020-2028)

  • Frequency Domain OCT (FD-OCT)
  • Time Domain OCT (TDOCT)
  • Spatial Encoded Frequency Domain OCT

Application Outlook (Revenue, USD Billion; 2020-2028)

  • Ophthalmology
  • Oncology
  • Cardiovascular
  • Dermatology

Geographic Segment Covered in the Report:

The Optical Coherence Tomography report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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