Global Optical Coherence Tomography Market To Grow At 10.7% To Reach USD 107 Mn By 2026 – Growth Drivers, Restraints, Company Landscape, Challenges, Opportunities And Future Outlook: Proficient Market
At Proficient Market, Global Optical Coherence Tomography Market research report presents a comprehensive overview of market size, share, evolution, trends, and forecast, and growth opportunities of optical coherence tomography market by product type, application, key manufacturers and key regions and countries. This report offers comprehensive analysis on global optical coherence tomography market along with, market trends, drivers, and restraints of the optical coherence tomography market. In-depth study of market size with data Tables, Bar & Pie Charts, and Graphs & Statistics which helps easy to understand detailed breakdown of market.
According to the report, Global Optical Coherence Tomography Market in 2018 stood at USD 10 million and is expected to reach USD 107 million by 2026 growing at a CAGR of 10.7% from 2019 to 2026.
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Optical Coherence Tomography (OCT) is an established technology within the ophthalmology medical imaging market which addresses global public health issues in prostate cancer, non-melanoma skin cancer, cardiovascular disease, diabetic retinopathy, barett’s esophagus and age-related Macular Disease. Along with ophthalmology medical imaging, optical coherence tomography (OCT) also reach in life sciences sector. OCT provides non-invasive, label-free, in vivo imaging techniques for the diagnosis and monitoring. Various companies provides innovative technological OCT methods like polarization sensitive OCT, Doppler OCT or OCT combined with fluorescence which helps to improve the diagnosis performance. In addition to this, research and development efforts helps to develop the performance and compactness of the sub-systems and components for OCT.
Optical Coherence Tomography Market Key Players: The research study includes profiles of leading companies operating in the global optical coherence tomography market. Key players profiled in the report include:
Novacam Technologies Inc.
Carl Zeiss Meditec AG
Topcon Medical Systems Inc.
Heidelberg Engineering GmbH
Imalux Corporation and OPTOPOL Technology S.A.
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Drivers for the Global Optical Coherence Tomography Market: Growing aging population and extensive application scope of the technology like ability to visualize mucosal membranes, in-depth structures of the eye, vascular systems and surface tissues are some of the factors that are driving the growth of the optical coherence tomography market. In addition to this, wide use of OCT devices in drug discovery and development for imaging biological tissues is another factor that is boosting the growth of the optical coherence tomography market.
Opportunities for the Global Optical Coherence Tomography Market: Increasing use of optical coherence tomography (OCT) as an intravascular ultrasound in cardiology, that helps to examine the coronary arteries is one of the driving factor for the growth of optical coherence tomography market in the forecast period. Other factors that are driving the growth of OCT market in forecast period are the demand from new biomedical applications and continuous development of innovative imaging technique.
Restrains for the Global Optical Coherence Tomography Market: High cost associated with the equipment that are required for tomography is one of the major factor that is hampering the growth of Optical Coherence Tomography (OCT) market. Along with this, lack of reimbursement facilities and insufficient clinical data might are also the factors that are hindering the growth of the Optical Coherence Tomography (OCT) market.
Region Wise, Global Optical Coherence Tomography Market Analysis: the market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America holds the largest share in the market because the rising aging population, high adoption optical coherence tomographic technique and huge growth of geriatric population those have face various ophthalmologic complications such as diabetic retinopathy and age-related macular degeneration. European countries is also having maximum share in the market which is followed by Asia Pacific region.
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Global Optical Coherence Tomography Market: Product analysis
Catheter based OCT devices
Doppler OCT devices
Handheld OCT devices
Tabletop OCT devices
On the basis of type, Doppler OCT devices accounted for largest share of total revenue generated, because, Doppler Optical Coherence Tomography device combines the Doppler effect principle in this technology, which result in high resolution with static and moving constituents tomographic images.
Global Optical Coherence Tomography Market: Application analysis
The demand of Global Optical Coherence Tomography Market is highest from Ophthalmology, because Ophthalmology biomedical OCT provides precision of OCT that fits well in the near-optical quality of many ophthalmological structures.
Global Optical Coherence Tomography Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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