Optical Coherence Tomography Market 2018 – 2023 Projected to Grow Radiantly by Top Players Revenue and Growth Rate

Market Scenario:

Optical coherence tomography (OCT) is non-invasive imaging technology. The device generates a false-color representation of the tissue structure, on the micron scale in situ and in real time.  The OCT is analogous to ultrasound imaging, except that it uses light instead of sound. Early OCT systems were based on time-domain (TD) optical technology, but in recent years, Spectral-domain OCT (SD-OCT) succeeded TD-OCT and addressed some of its limitations. The SD-OCT is 50-1000 times faster than the TD technique. The swept-source OCT (SS-OCT) has also attracted a great deal of attention in OCT market, as SS-OCT provides >200,000 A-scans/second with ~5-7 µm axial resolution.

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Intended Audience:                                            

·         Medical Devices Companies

·         Hospitals & Clinics

·         Diagnostic Centers

·         Research and Development (R&D) Companies

·         Government Research Institute

·         Academic Institutes and Universities

Segmentation:

The global optical coherence tomography market is segmented on the basis of technology, application, and type of devices.

On the basis of the technology, the market is classified into spectral-domain OCT (SD-OCT), swept-source OCT, and others.

On the basis of the type of devices, the market is segmented into handheld OCT devices, tabletop OCT devices, catheter-based OCT devices, and others.

Key Findings:

The global optical coherence tomography market is expected to reach USD 1483.49 million by 2023 at a CAGR of 8.9%.

On the basis of the Application, ophthalmology segment is expected to command the largest market share of 53.6% over the review period, and Dermatology is expected to grow at the fastest CAGR of 9.3% during the forecast period 2017-2023

Asia Pacific is the fastest growing market, which is expected to grow at a CAGR of 9.4% over the 2017-2023

Regional Analysis

The Americas dominate the optical coherence tomography market owing to the increasing prevalence of prevalence of diabetic retinopathy, and other eye diseases, and the presence of the leading players in the region. According to the 2017 data suggested by Genentech, Inc., around 200,000 new cases of wet AMD are diagnosed in the United States each year. It is also reported that Diabetic retinopathy also impacts around 7.7 million Americans, and the number is expected to escalate to 11.3 million by 2030. Due to increasing acceptance of OCT systems multitude of products have been introduced by leading players, such as ARGOS by Santec, SPECTRALIS by Heidelberg, and others.  In November 2016, Carl Zeiss received FDA approval for PLEX Elite 9000, and commercially available in the United States.

Key Players:

Some of key the players in the optical coherence tomography market are Carl Zeiss AG, Alcon, Abbott Laboratories, Terumo Corporation, KONINKLIJKE PHILIPS N.V, B. Braun Melsungen AG, Boston Scientific Corporation, Topcon Corporation, NIDEK Co., Ltd, Novacam Technologies Inc, OPTOPOL Technology S.A, Heidelberg Engineering GmbH, Optovue, Michelson Diagnostics, Thorlabs Inc., Agfa Healthcare, Imalux Corporation, and others.

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Table Of Contents:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Assumptions & Limitations 17

2.1.1 Assumptions 17

2.1.2 Limitations 17

3  RESEARCH METHODOLOGY

3.1 Primary Research Methodology 21

3.2 Secondary Research Methodology 22

3.3 Market Share Analysis 22

3.4 Trade Analysis 22

3.5 Market Pricing Approach 23

4  MARKET DYNAMICS

4.1 Introduction 25

4.2 Drivers 26

4.2.1 Increasing Prevalence Of Diabetic Retinopathy And Other Eye Diseases 26

4.2.2 Increasing Technological Advancements 27

TOC Continued…!

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