Optical Coherence Tomography Oct Market Trends 2018-2026 Comprehensive Analysis on Key Player - Agfa Healthcare, Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics, Novacam Technologies Inc.

“Optical Coherence Tomography (OCT) Market [By Technology (Time Domain Optical Coherence Tomography (TDOCT), Frequency Domain Optical Coherence Tomography (FD-OCT), and Spatially Encoded Frequency Domain Optical Coherence Tomography); By Type (Catheter based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices); By Application (Ophthalmology, Cardiovascular, Oncology, Dermatology, and Others); By Regions (North America - U.S., Canada; Europe - Germany, UK, France, Italy, Russia; Asia-Pacific - China, India, Japan, Australia; Latin America - Brazil, Mexico; Middle East & Africa - UAE, Saudi Arabia, South Africa)]: Market size & Forecast, 2017 – 2026”

Polaris Market Research’s new report estimates the global Optical Coherence Tomography (OCT) Market at USD 865.13 Million in 2017 which is anticipated to reach USD 2179.75 Million by 2026 growing at a CAGR of 10.9%.

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Optical coherence tomography (OCT) is a non-invasive imaging method that uses coherent light to detention the micrometer-resolution providing 2D/3D images from within optical scattering media. The Optical coherence tomography (OCT) device generates a false-color representation of the tissue structure, on the micron scale in situ and in real time. In general, OCT is used for industrial nondestructive testing (NDT) and medical imaging. The OCT is similar to ultrasound imaging, excepting that instead of sound it uses light. Traditional OCT systems were centered on time-domain (TD) optical technology, but in the recent time, Spectral-domain OCT (SD-OCT) thrived TD-OCT and addressed some of its limits. The SD-OCT is approximately 50-1000 times faster than the traditional TD technique. In addition, the swept-source OCT (SS-OCT) has also generated a great deal of consideration in Optical coherence tomography (OCT) market, as SS-OCT provides more than 200,000 A-scans/second with around 5-7 µm axial resolution.

The global optical coherence tomography (OCT) market is driven by rising incidence of eye disorders and advancements in technology. The growing prevalence of eye ailments has a substantial influence on the optical coherence tomography (OCT) market as it auxiliary impulses the demand for advanced and novel products of higher accuracy. Additionally, favorable reimbursements scenario, rising approval from regulatory organizations, and rising application of optical coherence tomography are another factors driving the market growth. OCT has been developed as one of the most vital imaging procedure in various medical applications. Additionally, OCT is an ophthalmic technique with the similarity of intravascular ultrasound in cardiology which is used to examine the coronary arteries. There are numerous products in the market for cardiac applications such as Dragonfly imaging catheter and C7-XR OCT system. Nonetheless, despite having numerous applications, Ophthalmology is still the dominating field of biomedical OCT owing to the accuracy of OCT. However, the high cost of equipment is one of the major restraint of the global optical coherence tomography (OCT) market.

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Polaris Market Research provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the global Optical Coherence Tomography (OCT) Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

In terms of geography, North America was estimated to dominate the global Optical Coherence Tomography (OCT) market. The dominance is majorly due to the growing incidence of prevalence of diabetic retinopathy, other eye disorders, and the existence of the major key players in North America. For instance, according to the Genentech, Inc. reports of 2017, approximately 200,000 new cases of wet AMD are detected in the U.S. each year. Moreover, it is also stated that Diabetic retinopathy also affects about 7.7 million American individuals, and the number is expected to reach 11.3 million by 2030. Thus, increasing prevalence of people suffering ophthalmic cases demanding proper treatment is estimated to boost the market growth. However, Asia Pacific region is estimated to become the fastest growing region during the forecast period. Rising participation of market players and rapid technological advancement are the factors anticipated to drive the growth of Optical Coherence Tomography (OCT) market in the Asia Pacific.

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Key Segmentation

As per the analysts of Polaris Market Research, the market segmentation is as below:

 By Technology

• Time Domain Optical Coherence Tomography (TDOCT)
• Frequency Domain Optical Coherence Tomography (FD-OCT)
• Spatially Encoded Frequency Domain Optical Coherence Tomography

o Spectral Domain Optical Coherence Tomography (SDOCT)
o Fourier Domain Optical Coherence Tomography (FDOCT)

 By Type

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

 By Application

• Ophthalmology
• Cardiovascular
• Oncology
• Dermatology
• Others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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Competitive Landscape and Key Vendors

The global Optical Coherence Tomography (OCT) Market is characterized by the presence of well-diversified global and local vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies and the product inventions, companies are innovating and introducing new customized products to cater the growing needs of the customers.

Leading Companies investigated in the Report are

• Agfa Healthcare
• Carl Zeiss Meditec AG
• Heidelberg Engineering GmbH
• Imalux Corporation
• Michelson Diagnostics
• Novacam Technologies Inc.
• OPTOPOL Technology S.A.
• Topcon Medical Systems Inc.
• Thorlabs Inc.

About Polaris Market Research

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