Optical Coherence Tomography Market Size, Share, Development 2019: By Bausch & Lomb Incorporated (U.S), Johnson & Johnson Services, Inc (U.S), F. Hoffmann-La Roche Ltd (Switzerland), Essilor France), Imalux Corporation (US), Axsun Technologies (U.S)

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Optical Coherence Tomography Market is expected to rise from its initial estimated value of USD 1.36 billion in 2018 to an estimated value of USD 3.20 billion by 2026, registering a CAGR of 11.3% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing demand for the Internet. Also the Global Optical Coherence Tomography Market By Type, ( OCT, Frequency domain oct, Spatial encoded frequency domain, (oct ,Spectral domain oct), Applications (( Age-related macular degeneration, Central serous retinopathy, Diabetic retinopathy, Macular edema, Macular hole, Macular pucker, Vitreomacular traction, Pre-retinal membranes, others.), organization size (Small and medium-sized enterprises, Large enterprises), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Forecast to 2026

Key Market Competitors: Global Optical Coherence Tomography Market

Few of the major competitors currently working in the Optical coherence tomography market are

Bausch & Lomb Incorporated (U.S), Johnson & Johnson Services, Inc (U.S) , F. Hoffmann-La Roche Ltd (Switzerland), Essilor France) , Imalux Corporation (US), Axsun Technologies (U.S), Topcon Corporation (US), Avinger (US), Agfa Healthcare(Belgium) , Carl Zeiss Meditec AG (Germany), Heidelberg Engineering GmbH (Germany), Michelson Diagnostics (UK), Novacam Technologies Inc. (Canada), OPTOPOL Technology ., CooperVision AG (Poland), Abbott Medical Optics, Inc (US)., Alcon, Inc (US)., Canon Inc. (Japan), HAAG-Streit Group (Switzerland), Hoya Corporation (Japan), NIDEK CO., LTD. (JAPAN).

Key Developments in the Market:

• In March 2019, DeepMind Technologies developed an algorithm that can scans eye far faster and accurately as some leading experts. It is the first medical field to be transformed by AI.

• In April 2019 Georgetown University Medical Center and Massachusetts Institute of Technology published a report that shows using optical coherence tomography to image potential donor kidneys could help narrow the gap between kidney supply and demand. It will Increases use of OCT in a clinical setting, image analysis

Market Drivers

• High demand to minimize capital expenses and demand to increase in it resources is going to act as a driving agent for the market.

• There is an Increasing demand for the Internet that is going to act as a driving agent for the market.

• There is an increase in R&D for Bandwidth- Applications that is going to act as a driving agent for the market.

Reasons to Purchase this Report

Current and future of global optical coherence tomography market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

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Optical coherence tomography (OCT) is an imaging technique that uses low-coherence light to capture micrometer-resolution, two- and three-dimensional images from optical scattering media. These systems are used in applications of, including art conservation and diagnostic medicine, notably in ophthalmology and optometry where it can be used to obtain detailed images from within the retina

According to World Health Organization, 51% of world blindness(20 million people) is due to cataract in 2010., almost more than half of these cases could have been avoided with the availability of proper medical equipment and devices for healthcare procedures. This significant number is expected to act as a driver to the market growth.

Competitive Analysis:

Global Optical coherence tomography market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of optical coherence tomography market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Segmentation:

• By Type,

o OCT
o frequency domain OCT
o spatial encoded frequency domain

• By Applications,

o Age-related macular degeneration
o Central serous retinopathy
o Diabetic retinopathy
o Macular edema
o Macular hole
o Macular pucker
o Vitreomacular traction
o Pre-retinal membranes

• By Organization Size,

o Small and Medium-Sized Enterprises
o Large Enterprises

• By Geography,

o North America

o South America

o Europe

o Asia-Pacific

o Middle East & Africa

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