As per the research report, the Europe Optical Coherence Tomography Market is estimated to hike at a promising CAGR from 2020 to 2025.
The Europe Optical Coherence Tomography market currently includes several companies that market their products. Manufacturers are developing new innovative products, and the market is growing due to the increasing adoption and accessibility of these products. The rising prevalence of chronic diseases and vision problems requires a detailed diagnosis with an OCT device, driving the growth of the optical coherence tomography market. The favorable medical reimbursement policy is also responsible for the development of the European optical coherence tomography market.
Rising healthcare expenditure on R&D and increasing competition between different manufacturers to develop innovative products are the driving forces in the optical coherence tomography market. Europe is the second position to witness the lucrative growth of the optical coherence tomography market. The escalating burden of ophthalmic diseases and the prevalence of chronic diseases are positively driving the development of the Europe Optical Coherence Tomography market.
The quick growth of these regions is the output of high R & D spending to improve innovative products for better patient outcomes, driving the growth of the European optical coherence tomography market. It is anticipated that the improvement of existing technologies or the improved version of the OCT device will stimulate the market in the future by removing the current limitations.
However, a low level of knowledge about Optical Coherence Tomography's advantages in Europe may create obstacles for market growth during the forecast period.
This research report segmented and sub-segmented into the following categories:
Geographically, Europe has the second position in the global Optical Coherence Tomography Market due to increasing importance given to R & D sector as well as developing infrastructure.
The aging population and the wide scope of optical coherence tomography (OCT) are key factors in the growth of the European optical coherence tomography (OCT) market. Non-invasive optical coherence tomography (OCT) technology is useful in terms of cross-sectional visualization of biological tissues. Carl Zeiss Meditec is the main competitor in the European optical coherence tomography (OCT) market. In the European optical coherence tomography market, Heidelberg Engineering is the second main competitor. An important quality that sets the Spectralis® OCT apart from the competition is the ability to combine this machine with a confocal scanning laser ophthalmoscope. In this configuration, the system can actively track injected fluorescent dyes, such as indocyanine green (ICG) and fluorescein. Europe captured the second largest optical coherence tomography market in 2018. European countries such as Germany, the UK, and others are expected to be the main contributors to the market growth due to the increase in the number of patients with eye disorders.
Key players operating in the Europe Optical Coherence Tomography Market profiled in this report are Agfa Healthcare, Thorlabs Inc., Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Heidelberg Engineering GmbH, OPTOPOL Technology S.A., Imalux Corporation, Novacam Technologies Inc., Michelson Diagnostics.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Device Type
5.1.2 Handheld OCT Devices
5.1.3 Catheter Based OCT Devices
5.1.4 Tabletop OCT Devices
5.1.5 Doppler OCT Devices
5.1.5 Y-o-Y Growth Analysis, By Device Type
5.1.6 Market Attractiveness Analysis, By Device Type
5.1.7 Market Share Analysis, By Device Type
5.2.2 Frequency Domain Optical Coherence Tomography (FD-OCT)
5.2.3 Spatially Encoded Frequency Domain Optical Coherence Tomography
5.2.4 Time Domain Optical Coherence Tomography (TDOCT)
5.2.5 Y-o-Y Growth Analysis, By Technology
5.2.6 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Device Type
126.96.36.199 By Technology
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Device Type
220.127.116.11 By Technology
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Device Type
126.96.36.199 By Technology
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Agfa Healthcare
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Thorlabs Inc.
8.3 Carl Zeiss Meditec AG
8.4 Topcon Medical Systems Inc.
8.5 Heidelberg Engineering GmbH
8.6 OPTOPOL Technology S.A.
8.7 Imalux Corporation
8.8 Novacam Technologies Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures