Increasing Prevalence Of Ophthalmological Diseases Fueling The Growth Of The Market Due To Rising Diabetes And Vision-Threatening Eye Conditions: Transformative Forces Shaping the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Land

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What Will the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Industry Market Size Be by 2025?
In the past few years, the market size for artificial intelligence (AI) optical coherence tomography (OCT) has experienced robust growth. It's projected to rise from a valuation of $1.84 billion in 2024 to $2.06 billion in 2025, showcasing a compound annual growth rate (CAGR) of 12.3%. The growth observed during the historic period can be accredited to factors such as a surge in eye disease prevalence, heightened utilisation in ophthalmological practices, an increase in healthcare expenditure in developed countries, a spike in demand for non-invasive diagnostic tools, the growth of hospital infrastructure, and an uptick in reimbursement coverage for ophthalmology.

What's the Long-Term Growth Forecast for the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Size Through 2029?
Over the next several years, significant growth is projected in the artificial intelligence (AI) optical coherence tomography (OCT) market. It is anticipated to expand to a value of $3.25 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 12.0%. Factors contributing to this forecast include a rising aging population in developing nations, an increased application in ambulatory surgery centers, a boost in government funding for healthcare, healthcare expansion in rural areas, a heightened demand for point-of-care diagnostics, and supportive policies for diagnostic imaging. Key trends in this period are set to include advances in AI imaging, innovations in portable and handheld devices, the evolution of multimodal imaging integration, breakthroughs in cloud-powered workflow platforms, investment in teleophthalmology solutions, and the acceptance of synthetic three-dimensional imaging.

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What Are the Key Growth Drivers Fueling the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Expansion?
The growth of the artificial intelligence (AI) optical coherence tomography (OCT) market is projected to surge due to the escalating occurrence of ophthalmological diseases. These diseases, which can have detrimental effects on vision, the structure of the eye, or ocular health, are conditions that impact the eyes and visual system. The rise in these diseases can be attributed to an increase in diabetes incidences which harm retinal blood vessels and can cause conditions compromising vision. The AI optical coherence tomography (OCT) serves as a significant tool in diagnosing ophthalmological diseases by providing high-definition retinal imagery, which makes it perfect for early detection and observation of eye-related conditions. By automating the analysis of retinal scans, they help to shorten diagnostic times, thereby enhancing clinical efficiency and patient care quality. As per the statistics released by the Centers for Disease Control and Prevention (CDC), a public health agency based in the US, in May 2024, the number of glaucoma patients exceeded 3 million and is estimated to hit the 6.3 million mark by 2050. Therefore, the escalating prevalence of ophthalmological diseases is a prime factor driving the growth of the AI optical coherence tomography (OCT) market.

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What Are the Key Trends Driving Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Growth?
Key businesses in the AI optical coherence tomography (OCT) market are concentrating their efforts on the creation of superior products like at-home OCT machines. These innovations aim to improve diagnostic accuracy, facilitate remote tracking, and simplify ophthalmic processes. At-home OCT devices are handy instruments that allow patients to conduct retinal scans from the comfort of their homes for distance monitoring of ocular diseases. To illustrate, Notal Vision Inc., an American healthcare firm, was given de novo approval by the US Food and Drug Administration (FDA) in May 2024, for their AI-enhanced SCANLY Home OCT machinery. This was the inaugural self-operated device used for retinal imaging in tracking wet age-related macular degeneration (AMD) among elderly individuals. It uses spectral-domain OCT and the AI-supportive Notal OCT Analyzer (NOA) to detect and gauge retinal biomarkers and makes possible remote, high-definition monitoring in-between clinical appointments. This apparatus sends pictures securely to the Notal Health cloud for medical personnel to scrutinize. SCANLY has the support of current procedural terminology (CPT) billing codes.

How Is the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Segmented?
The artificial intelligence (AI) optical coherence tomography (OCT) market covered in this report is segmented as

1) By Type: Table Type, Portable
2) By Technology: Time Domain Optical Coherence Tomography, Spectral Domain Optical Coherence Tomography, Swept Source Optical Coherence Tomography
3) By Application: Hospitals, Clinic, Other Applications

Subsegments:
1) By Table Type: Spectral-Domain Optical Coherence Tomography (SD-OCT), Time-Domain Optical Coherence Tomography (TD-OCT), Swept-Source Optical Coherence Tomography (SS-OCT), Full-Field Optical Coherence Tomography, Doppler Optical Coherence Tomography
2) By Portable: Handheld Optical Coherence Tomography, Smartphone Or Tablet-Based Optical Coherence Tomography, Point-Of-Care Optical Coherence Tomography Devices, Compact Or Bedside Optical Coherence Tomography Units, Wearable Optical Coherence Tomography

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Which Companies Are Leading the Charge in Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Innovation?
Major companies operating in the artificial intelligence (AI) optical coherence tomography (OCT) market are Abbott Laboratories, Canon Inc., Carl Zeiss AG, Excelitas Technologies Corp., Topcon Corporation, Thorlabs Inc., Santec Holdings Corporation, Notal Vision Inc., Optopol Technology Sp. z o.o., BigVision Tech Inc., Shenzhen Certainn Technology Co. Ltd., Conavi Medical Inc., Wasatch Photonics Inc., RSIP Vision Ltd., Visionix Ltd., Altris AI Ltd., NIDEK Co. Ltd., Perimeter Medical Imaging AI Inc., Michelson Diagnostics Ltd., and Artelus Private Limited.

Which Regions Are Leading the Global Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market in Revenue?
North America was the largest region in the artificial intelligence (AI) optical coherence tomography (OCT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence (AI) optical coherence tomography (OCT) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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