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Pulished Date August, 2019
ID: 8028
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Global Optical Coherence Tomography (OCT) Market Analysis - By Device Type (Handheld OCT Devices, Catheter Based OCT Devices, Tabletop OCT Devices and Doppler OCT Devices), By Technology (Frequency Domain Optical Coherence Tomography (FD-OCT), Spatially Encoded Frequency Domain Optical Coherence Tomography and Time Domain Optical Coherence Tomography (TDOCT)), By Region - Industry Size, Share, Growth, Trends, Forecast (2019 - 2024)

Pulished: August, 2019
ID: 8028
Pages: 145

Global Optical Coherence Tomography (OCT) Market Size & Growth (2019 - 2024)

As per our research analysis, the size of the Global Optical Coherence Tomography (OCT) Market is predicted to grow at a CAGR of 11.2% from 2019 to 2024.

Optical Coherence Tomography (OCT) is a non-invasive optical detection method. It works on the rule of interferometry, which uses the near-infrared rays to portray a retinal sectional view. OCT photographs the 3-D pictures of the human tissue with high resolution which is correct up to 10-15 microns. OCT tools are made up of high accuracy such that sample and reference light is coherent only if their path lengths are equal or almost equal.

The basic driving factors for the market growth of the Optical Coherence Tomography (OCT) market are the ever-increasing number of geriatric people and vast applications of this technology. Also, the technical advantages of OCT like the capability to see through the detailed structure of the human eye, surface tissues, vascular systems, and mucosal membranes, are substantially driving the market growth.

But, constraining factors like the absence of favorable reimbursements and lack of clinical information may restrict market growth. The problems due to lack of sufficient data related to clinics are the major challenge which is likely to hinder the growth of optical coherence tomography market during the forecast. Other factors that are limiting the growth of the market are high costs associated with OCT and the unfavorable reimbursement policies are expected to slow the growth pace of the optical coherence tomography market.

Commercialization of healthcare and escalation of product development processes are likely to create growth opportunities for the optical coherence tomography market during the forecast period. Various medical applications are adopting the critical imaging techniques which are creating a substantial number of growth opportunities for the OCT market. Increasing economies of the developing countries like India, Brazil, South Africa, are offering lucrative growth opportunities for the products and services related to eye care over the forecast period owing to massive population base, favorable reimbursements scenario and escalated approval procedure by regulatory bodies.

Recent developments in this industry:

  • In Dec 2019, Dedalus holding s.p.a has completed the acquisition of healthcare IT imaging solutions from Agfa Company to operate in France, Brazil and Dach market networks. Agfa will continue to offer its imaging IT solutions and the enterprise imaging platform in the remaining geographies to explore the full potential of the market.
  • In Oct 2019, researchers have submitted the results of their two-year studies based on eye treatment. They have confirmed that two treatment procedures can be applied at the same time for slowing down the myopia progression in the patients. The methods that are mentioned by the researchers are orthokeratology, which involves application of rigid gas permeable contact lenses every day in order to reshape the front part of the eye, and the other method which can slow down the progression of myopia is 0.01% of atropine eye drops are instilled every day in the eye which is very safe and effective. 

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Device Type, Technology, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.

 

This report on the Global Optical Coherence Tomography (OCT) Market is segmented based on Device Type, Technology and Region.

Optical Coherence Tomography (OCT) Market Analysis – By Device Type:

  • Handheld OCT Devices
  • Catheter Based OCT Devices
  • Tabletop OCT Devices
  • Doppler OCT Devices

Optical Coherence Tomography (OCT) Market Analysis – By Technology:

  • Frequency Domain Optical Coherence Tomography (FD-OCT)
  • Spatially Encoded Frequency Domain Optical Coherence Tomography
  • Time Domain Optical Coherence Tomography (TDOCT)

Regional Analysis:

North America is dominating the global market and is expected to maintain the trend during the forecast period due to the presence of key stakeholders in the region and increasing the rate of research and development activities, and increasing demand among the people for optical coherence tomography in this region. The optical coherence market in Europe is likely to expand at a high pace during the forecast period owing to increasing investments in healthcare to develop technically advanced products, presence of advanced facilities with enhanced infrastructure, rising prevalence of diabetes.   

But, due to the economic progress and increased awareness, the Asia Pacific and Latin America also exhibit potential growth for the future.

Top companies in the market:

Some of the major companies leading the Global Optical Coherence Tomography (OCT) 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. Introduction                                 

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

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                               

                                5.1.1 Introduction           

                                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 Technology                 

                                5.2.1 Introduction           

                                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 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Device Type

                                                6.1.3.3 By Technology

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Device Type

                                                6.1.4.3 By Technology

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Device Type

                                                6.1.5.3 By Technology

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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                        

                                8.1.1 Overview 

                                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                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Device Type, By Technology along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

                                                                                                                          

  1. Global Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  2. Global Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  3. Global Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  4. Global Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  5. Global Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  6. Global Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  7. Global Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  8. Global Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  9. Global Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  10. Global Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  11. North America Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  12. North America Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  13. North America Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  14. North America Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  15. North America Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  16. North America Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  17. North America Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  18. North America Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  19. North America Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  20. United States Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  21. United States Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  22. Canada Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  23. Canada Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  24. Europe Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  25. Europe Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  26. Europe Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  27. Europe Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  28. Europe Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  29. Europe Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  30. Europe Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  31. Europe Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  32. Europe Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  33. U.K. Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  34. U.K. Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  35. Germany Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  36. Germany Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  37. France Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  38. France Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  39. Italy Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  40. Italy Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  41. Spain Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  42. Spain Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  43. Asia Pacific Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  44. Asia Pacific Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  45. Asia Pacific Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  46. Asia Pacific Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  47. Asia Pacific Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  48. Asia Pacific Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  49. Asia Pacific Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  50. Asia Pacific Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  51. Asia Pacific Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  52. Japan Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  53. Japan Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  54. China Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  55. China Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  56. India Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  57. India Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  58. Australia Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  59. Australia Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  60. South Korea Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  61. South Korea Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  62. Latin America Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  63. Latin America Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  64. Latin America Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  65. Latin America Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  66. Latin America Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  67. Latin America Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  68. Latin America Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  69. Latin America Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  70. Latin America Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  71. Brazil Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  72. Brazil Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  73. Argentina Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  74. Argentina Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  75. Mexico Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  76. Mexico Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  77. Rest of Latin America Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  78. Rest of Latin America Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  79. Middle East and Africa Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  80. Middle East and Africa Handheld OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  81. Middle East and Africa Catheter Based OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  82. Middle East and Africa Tabletop OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  83. Middle East and Africa Doppler OCT Devices Market By Region, From 2019 - 2024 ( USD Million )
  84. Middle East and Africa Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  85. Middle East and Africa Frequency Domain Optical Coherence Tomography (FD-OCT) Market By Region, From 2019 - 2024 ( USD Million )
  86. Middle East and Africa Spatially Encoded Frequency Domain Optical Coherence Tomography Market By Region, From 2019 - 2024 ( USD Million )
  87. Middle East and Africa Time Domain Optical Coherence Tomography (TDOCT) Market By Region, From 2019 - 2024 ( USD Million )
  88. Middle East Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  89. Middle East Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )
  90. Africa Optical Coherence Tomography Market By Device Type , From 2019 - 2024 ( USD Million )
  91. Africa Optical Coherence Tomography Market By Technology , From 2019 - 2024 ( USD Million )

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