Rising Prevalence Of Eye Disorders Worldwide Drives Growth Of Optical Coherence Tomography Market: Key Factor Driving The Growth In The Optical Coherence Tomography Market

The Optical Coherence Tomography Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Optical Coherence Tomography Market Size During the Forecast Period?
There has been a brisk expansion in the market size of optical coherence tomography in the past few years. The market is projected to advance from a worth of $1.89 billion in 2024 to about $2.12 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 12.1%. Factors like global pandemic effects, customers' choices, the business competition, fast-paced research and development, regulatory backing, and device downsizing have contributed to this growth in the historical period.

In the coming years, the market size of optical coherence tomography is anticipated to experience significant expansion. The projection estimates are a surge to $3.59 billion by 2029, with a compound annual growth rate (CAGR) of 14.1%. The predicted growth during this forecast period is primarily due to the escalation in healthcare spending, a patient-oriented approach, and an increased incidence of eye-related disorders. Key trends during this period include the integration of oct in surgical procedures, changes in the regulatory landscape, the adoption of telemedicine and remote consultations, as well as market competition and innovation.

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What Are the High-Growth Segments in the Optical Coherence Tomography Market?
The optical coherence tomography market covered in this report is segmented -

1) By Type: Catheter-Based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices
2) By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT
3) By Application: Ophthalmology, Cardiovascular, Oncology, Dermatology, Other Applications

Subsegments:
1) By Catheter-Based OCT Devices: Intracoronary OCT, Intravenous OCT
2) By Doppler OCT Devices: Time-Domain Doppler OCT, Frequency-Domain Doppler OCT
3) By Handheld OCT Devices: Portable Retinal OCT, Portable Cardiovascular OCT
4) By Tabletop OCT Devices: Optical Coherence Tomography Angiography (OCTA), High-Resolution OCT For Research Applications

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What Key Drivers Are Expected to Influence Future Optical Coherence Tomography Market Growth?
The surge in the occurrence of eye-related disorders is likely to fuel the expansion of the optical coherence tomography market. Worldwide, ocular diseases like cataract, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) are the main reasons behind vision loss and blindness. The need for sophisticated tools for diagnosing diseases, such as optical coherence tomography systems, is escalating due to an increase in eye-related issues. For instance, the World Health Organization (WHO), a specialized United Nations agency based in Switzerland, discloses that over 2.2 billion individuals globally suffer from near-or vision problems resulting from conditions such as refractive error, cataract, glaucoma, diabetic retinopathy, among others. On a global scale, Age-related Macular Degeneration (AMD) is ranked as the third leading cause of blindness following cataracts and glaucoma. In the European Union (EU), it's estimated that on average 34 million people are affected by AMD, including 22 million in just the five most populated nations. It's projected that the AMD affected population will witness a 25% increase by 2050 due to population growth and ageing. Primary open-angle glaucoma (POAG) is forecasted to impact 7.32 million Americans by 2050. Consequently, the burgeoning prevalence of ocular disorders is projected to stimulate the growth of the optical coherence tomography market.

Which Companies Hold the Largest Share Across Different Optical Coherence Tomography Market Segments?
Major companies operating in the optical coherence tomography market are 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

What Trends Are Driving Growth in The Optical Coherence Tomography Market?
The emergence of tech advancements is a key shift in the optical coherence tomography market. Significant market players are debuting new products with improved technology, and introducing cutting-edge tech solutions to increase their revenue, maintain a competitive edge in the market, and increase their market share. Take for instance, Abbott Laboratories, a medical device firm based in the US, which in October 2023 launched its newest vascular imaging platform in India. This platform incorporates its Ultreon 1.0 Software that fuses optical coherence tomography (OCT) with artificial intelligence (AI) to provide doctors with an in-depth analysis of blood flow and obstructions in the coronary arteries. The sophisticated imaging software can automatically distinguish between calcified and non-calcified blocks, evaluate the severity of calcium-based obstructions, and calculate the diameter of the vessel. It also helps doctors deploy stents with precision for optimal expansion, and apposition, Rendering real-time results for heightened accuracy during coronary stenting procedures. Abbott's OCT technology uses near-infrared light for precise, high-definition imaging within blood vessels, allowing doctors to gather detailed data even in complex patient anatomies.

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What Are the Emerging Geographies for The Optical Coherence Tomography Market Growth?
North America was the largest region in the optical coherence tomography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical coherence tomography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Optical Coherence Tomography Market?
2. What is the CAGR expected in the Optical Coherence Tomography Market?
3. What Are the Key Innovations Transforming the Optical Coherence Tomography Industry?
4. Which Region Is Leading the Optical Coherence Tomography Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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