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Optical Coherence Tomography Angiography Equipment Market Expected to Grow at 7.1% CAGR, Reaching USD 1022.04 Million by 2032 due to Rising Demand for Non-Invasive Diagnostic Techniques
A recent report published by Dataintelo provides an in-depth analysis of the burgeoning optical coherence tomography angiography (OCTA) equipment market. As per the report, the global Optical Coherence Tomography Angiography Equipment market size, which stood at USD 587.1 Million in 2023, is projected to reach USD 1022.04 Million by 2032. This rapid expansion marks a Compound Annual Growth Rate (CAGR) of 7.1% between 2024 and 2032. The substantial market growth can be attributed primarily to the mounting preference for non-invasive diagnostic technologies in healthcare settings.The study further divulges that there is a soaring demand for non-invasive diagnostic techniques specifically in the ophthalmology domain. OCTA technology's ability to generate comprehensive, high-resolution images of retinal and choroidal vasculature, without the requirement for contrast agents or invasive procedures, has been a major factor contributing to its demand. Consequently, ophthalmologists worldwide are progressively acknowledging and endorsing the value of OCTA technology. This augments the prospects for the OCTA equipment market, signaling promising growth during the forecast period
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/8066
๐๐ก๐ข๐ฌ ๐ข๐ฌ ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐ ๐๐จ๐ฏ๐๐ซ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ:
The optical coherence tomography angiography equipment market has been segmented on the basis of๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐ฒ๐ฉ๐
โ Spectral Domain OCTA
โ Swept-source OCTA
โ Hybrid OCTA
๐๐จ๐๐๐ฅ๐ข๐ญ๐ฒ
โ Tabletop OCTA Systems
โ Handheld OCTA Devices
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
โ Time Domain OCTA
โ Handheld OCTA Devices
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โ Retina Imaging
โ Glaucoma Diagnosis
โ Diabetic Retinopathy Detection
โ Age-related Macular Degeneration Diagnosis
โ Choroidal Neovascularization Imaging
๐๐ง๐-๐ฎ๐ฌ๐๐ซ
โ Hospitals
โ Ophthalmic Clinics
โ Ambulatory Surgical Centers
โ Research Institutes
๐๐๐ ๐ข๐จ๐ง
โ Asia Pacific
โ North America
โ Latin America
โ Europe
โ Middle East & Africa
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โ Agfa-Gevaert Group
โ Canon Medical Systems Corporation
โ Carl Zeiss Meditec AG
โ ๐๐๐ง๐ญ๐๐ซ๐ฏ๐ฎ๐ ๐.๐ฉ.๐.
โ Heidelberg Engineering GmbH
โ Leica Microsystems
โ NIDEK CO., LTD.
โ Optos plc
โ Optovue, Inc.
โ ๐๐จ๐ฉ๐๐จ๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง
Segment Analysis:
Product-wise, the optical coherence tomography angiography equipment market is compartmentalized into spectral domain OCTA, swept-source OCTA, and hybrid OCTA. The spectral domain OCTA segment is presumed to hold a substantial portion of the market due to its wide application in diagnosing various retinal disorders. As per modalities, the market is bifurcated between tabletop OCTA systems and handheld OCTA devices. The tabletop systems cater to a substantial market share attributable to their increasing utilization in hospitals and ophthalmic clinics due to their competence in evincing detailed 3D images of the retina. Regarding applications, the market is divided into retina imaging, glaucoma diagnosis, diabetic retinopathy detection, age-related macular degeneration diagnosis, and choroidal neovascularization imaging. Herein, the diabetic retinopathy detection segment is likely to witness significant growth given the rising prevalence of diabetes around the globe. Lastly, hospitals, ophthalmic clinics, ambulatory surgical centers, and research institutes are the key end-users of this equipment, with hospitals expected to dominate the end-user segment owing to the high number of OCT angiography procedures carried out in these establishments.
Regional Analysis:
Geographically, the optical coherence tomography angiography equipment market encompasses regions like Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. North America is anticipated to lead the global market due to factors such as increasing prevalence of ocular diseases, advanced healthcare infrastructure, and growing research activities. Simultaneously, the Asia Pacific market is poised to register commendable growth rates steered by increasing awareness about eye health and escalating prevalence of diabetes that may possibly lead to diabetic retinopathy. Europe is likely to experience substantial growth, triggered by advanced healthcare systems coupled with rising disposable income. Optovue Inc., NIDEK CO., Topcon Corporation, and Leica Microsystems are some of the key players dominating the optical coherence tomography angiography equipment market in these regions. Officials are planning various strategies, including collaborations, acquisitions, mergers, product launches, and partnerships, to maintain market dominance
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ @ https://dataintelo.com/request-sample/8066
Market Drivers:
1. Aging Population: The growth in the population of aging individuals globally is a major driver in the optical coherence tomography angiography (OCTA) equipment market. This is because the prevalence of age-related eye diseases such as macular degeneration, glaucoma, and diabetic retinopathy that require OCTA diagnosis is increasing.
2. Growing Prevalence of Eye Diseases: An increase in the occurrence of eye disorders and vision impairment significantly drives the market. The increased demand for advanced diagnostic and imaging techniques in ophthalmology, particularly OCTA, has been observed to manage and treat these disorders.
3. Technological Advancements: The market is witnessing considerable technological advancements such as the integration of artificial intelligence in OCTA devices, which is leading to improved diagnoses and is driving the growth of the market.
4. Increasing Healthcare Expenditure: Augmented healthcare spending capacities among people and government healthcare initiatives in various countries also act as a key critical driver for the OCTA equipment market.
5. Professional Awareness: Increased awareness among ophthalmologists about the benefits and advancements in OCTA technology has also been pushing the market.
Opportunities:
1. Emerging Markets: Developing and underdeveloped markets offer ample opportunities for players in the OCTA equipment market as these regions are untapped with high unmet medical needs.
2. Research and Development: Investments in R&D could lead to the development of more advanced and efficient OCTA equipment that can create future growth opportunities in the OCTA equipment market.
3. Expansion of Teleophthalmology: The growing trend of teleophthalmology, particularly amid the Covid-19 pandemic, is widening the opportunity for OCTA equipment providers.
4. Collaborative Partnerships: Collaborations between OCTA equipment manufacturers and healthcare providers, and research institutes can offer opportunities for growth in the market.
5. Government Initiatives: Governments' focus on eye health and their initiatives to reduce the burden of eye diseases provide a growth opportunity for the optical coherence tomography angiography equipment market
๐๐จ๐ฎ ๐๐๐ง ๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐จ๐ฆ: https://dataintelo.com/checkout/8066
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๐๐ฆ๐๐ข๐ฅ ๐ฎ๐ฌ ๐จ๐ง - ๐ฌ๐๐ฅ๐๐ฌ@๐๐๐ญ๐๐ข๐ง๐ญ๐๐ฅ๐จ.๐๐จ๐ฆ
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