Optical Coherence Tomography Market Growth and Forecast 2024

"The Business Research Company recently released a comprehensive report on the Global Optical Coherence Tomography Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8231&type=smp

According to The Business Research Company's, The optical coherence tomography market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to global pandemic impact, patient preferences, competitive landscape, rapid research & development, regulatory support, miniaturization of devices.

The optical coherence tomography market size is expected to see rapid growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to increasing healthcare expenditure, patient-centric approach, rising prevalence of eye disorders. Major trends in the forecast period include oct integration in surgeries, regulatory landscape, telemedicine and remote consultations, market competition and innovation.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/optical-coherence-tomography-global-market-report

Market Drivers and Trends:

The increasing prevalence of diabetes is expected to propel the growth of optical coherence tomography market going forward. As diabetes becomes more widespread globally, there is a heightened risk of diabetic retinopathy, an eye condition associated with diabetes. The demand for advanced diagnostic tools like optical coherence tomography (OCT) rises in response to the growing need for early detection and monitoring of diabetic retinopathy, contributing to the expansion of the OCT market. For instance, in 2021, according to the International Diabetes Federation (IDF), a Belgium-based organization, 537 million adults aged between 20-79 are suffering from diabetes (1 in 10 people) and this number is expected to reach about 643 million by 2030 and 783 million by 2045. Therefore, the increasing prevalence of diabetes is driving the growth of optical coherence tomography market.

Technological innovations are a key trend in the optical coherence tomography market. Major players are releasing technologically upgraded products. They are also introducing sophisticated technologies to boost their revenue share, stay competitive in the optical coherence tomography market and to grow their market share. For instance, in October 2023, Abbott Laboratories, a US-based medical device company launched its latest vascular imaging platform, featuring the Ultreon 1.0 Software, in India. This software seamlessly integrates optical coherence tomography (OCT) with artificial intelligence (AI), providing physicians with a comprehensive assessment of blood flow and blockages within coronary arteries. The advanced imaging software is equipped to automatically differentiate between calcified and non-calcified blockages, assess the severity of calcium-based blockages, and measure vessel diameter. It also assists physicians in guiding precise stent deployment, ensuring optimal expansion, and apposition, with real-time display of results for enhanced precision during coronary stenting procedures. Abbott's OCT technology utilizes near-infrared light for high-definition, precise imaging within blood vessels, enabling physicians to capture detailed information even in complex patient anatomy.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:

Agfa-Gevaert N.V., Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics Limited, Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Topcon Healthcare Solutions Inc., Conavi Medical Inc., ZD Medical Inc., Excelitas Technologies Corp, Thorlabs Inc., Sonostar Technologies Co. Limited, NIDEK Co. Ltd., Leica Microsystems IR GmbH, Optovue Inc., Canon Inc., Optos Inc., Santec Corporation, Tomophase Corporation, Insight Photonic Solutions Inc., Wasatch Photonics Inc., Avinger Inc., AngioDynamics Inc., BaySpec Inc., Tornado Spectral Systems Inc., Lambda Solutions Inc., LightLab Imaging Inc., Infraredx Inc., Optoprobe Inc., Terumo Corporation, Optiscan Pty Ltd., NinePoint Medical Inc., Axsun Technologies Inc., AOT AG

Optical Coherence Tomography Market 2024 Key Insights:

• The optical coherence tomography market size is expected to see rapid growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.
• Rising Prevalence Of Eye Disorders Worldwide Drives Growth Of Optical Coherence Tomography Market
• Technological Advancements Driving Innovation In Optical Coherence Tomography Market
• North America was the largest region in the optical coherence tomography market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8231&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.