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Optical Coherence Tomography Market By Application (Diagnosis, Life science Research), By Technology (Time-domain OCT (TD-OCT), Spectral-domain OCT (SD-OCT) or Fourier-domain OCT(FD-OCT), Others) – Growth, Future Prospects & Competitive Analysis, 2017 – 2025

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Market Insights:

Optical coherence tomography (OCT) is a non-invasive imaging technology to obtain detailed pictures of biological tissue, and this high-resolution procedure involves near-infrared light, unlike ultrasound. The wide range of applications of OCT has evolved with time from ophthalmology to cardiology, dermatology, and the research field of life sciences in order to study the internal structure. The OCT device’s accurate and precise visualization increases its demand and, as a result, its market.

The increasing prevalence of chronic diseases and vision impairment needs detailed diagnosis involving an OCT device, which drives the growth of the optical coherence tomography market. The favorable medical reimbursement policy is also responsible for propelling the growth of the optical coherence tomography market. The increasing healthcare expenditure in R&D, along with rising competition among different manufacturers to develop innovative products, are the driving forces of the optical coherence tomography market and are expected to boost growth in the upcoming years. It is expected that advancements in existing technologies or a better version of the OCT device will drive the market in the future by removing current constraints.

The purpose of this research study titled “Optical Coherence Tomography Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025” is to provide investors, developers, company executives, and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global optical coherence tomography market. This report presents and analyses the major trends prevalent in the global optical coherence tomography market and the market’s size and forecast.

This report categorizes the global optical coherence tomography market in terms of technology type, application, and geographical distribution.

In terms of technology, the optical coherence tomography market is classified as follows:

  • Time-domain OCT (TD-OCT)
  • Spectral-domain OCT (SD-OCT) or Fourier-domain OCT (FD-OCT)
  • Others

Based on the applications of OCT, the optical coherence tomography market is categorized as follows:

Diagnosis

  • Ophthalmology
  • Cardiology
  • Bronchoscopy
  • Dermatology
  • Others

Life science research

Geographically, the optical coherence tomography market is best understood by segmenting it into five major regions and five major region-level markets, which are as follows:

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • rest of Latin America

Middle East and Africa

  • GCC
  • Rest of the Middle East and Africa

The market size and forecast for each considered geographical market for the period 2015-2025 are presented, along with CAGRs for the forecast period 2017-2025, and are further cross-sectional presented in terms of the type of technology, type of application, and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global optical coherence tomography market. Competition assessment tools such as major agreements, partnerships, and collaborations, market attractiveness assessment, and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report includes a profile of key market players currently enjoying prominent positions in the optical coherence tomography market. The major players profiled in this report are Carl Zeiss Meditec AG, Optovue, Michelson Diagnostics Ltd., Heidelberg Engineering GmbH, Topcon Medical Systems Inc., Novacam Technologies Inc., Agfa Healthcare, Thorlabs Inc., and others.

The diagnosis segment held the largest share of the optical coherence tomography market. The ophthalmology segment has been observed to contribute significantly to the growth of the optical coherence tomography market. The use of OCT devices among ophthalmologists is becoming more popular as it enables surgeons to make better surgical decisions and provides improved patient outcomes. Cardiovascular diseases are the most common cause of death across the globe. The application of OCT devices is increasing in cardiology with expanding cases of atherosclerosis or myocardial infarction in order to diagnose plaques at the earliest stage.

OCT has been shown to be a very useful tool in dermatology, especially in the diagnosis of skin cancer, skin infections, or any inflammatory skin diseases. The real-time structural images of the skin obtained from optical coherence tomography improve diagnostic procedures. The simple and efficient application of optical coherence tomography, along with high-resolution, detailed images of skin, makes the treatment easier and drives the optical coherence tomography market to grow significantly.

The optical coherence tomography market is predicted to witness substantial growth on account of emerging biomedical applications in the research field of life science.

B-domain OCT (SD-OCT) or Fourier-domain OCT (FD-OCT):

Time-domain OCT was the first optical coherence tomography to be invented and commercially available. Time-domain OCT is sensitive, but it is slow to acquire data. However, the latest emerging technology, spectral-domain OCT or Fourier-domain OCT, caused significant changes in the OCT market. The accuracy of data, improved image quality, and high-speed technology of SD-OCT all contribute to the growth of the optical coherence technology market. The advancement in recent technology of SD-OCT overcomes the limitations of TD-OCT and increases competition among manufacturers, which in turn drives the OCT market to grow substantially. Swept-source OCT is a type of SDOCT where a laser is deployed and is preferred in biomedical applications on account of its high speed and improved resolution. Micro OCT is one of the optical coherence tomography technologies commercially available with the highest image resolution, which is predicted to drive the OCT market in the upcoming years.

 By geography, the global optical coherence tomography (OCT) market is cumulative for North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

Geographically, North America is anticipated to dominate the global market for optical coherence tomography, followed by Europe. The prevalence of diseases is proportionate to the growing geriatric population, which drives the optical coherence tomography market to grow. The increasing expenditure in R&D for innovative and improved optical coherence tomography devices is predicted to positively influence the optical coherence tomography market. Growing initiatives are taken by the healthcare system and various government organizations for the betterment of public health fuel the growth of the OCT market. Increasing health awareness among the public and favorable reimbursement are driving the optical coherence tomography market to grow in this region. The Asia-Pacific region is expected to witness lucrative growth in the forecast period due to increasing development in research, market penetration by manufacturers, and healthcare awareness promotion.

The detailed regional classification of the global optical coherence tomography market is as follows:

  • North America (U.S. and Canada)
  • Europe (Germany, U.K., France, Spain, Italy, and the Rest of Europe)
  • Asia Pacific (China, India, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (GCC plus the rest of the Middle East and Africa)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions

Chapter 2 Executive Summary
2.1 Optical Coherence Tomography Market Portraiture
2.2 Optical Coherence Tomography Market, by Technology Type, 2016 (US$ Mn)
2.3 Optical Coherence Tomography Market, by Application Type, 2016 (US$ Mn)
2.4 Optical Coherence Tomography Market, by Geography, 2016 (Value %)

Chapter 3 Global Optical Coherence Tomography Market Analysis
3.1 Global Optical Coherence Tomography Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Challenges
3.2.3 Opportunities
3.3 Attractive Investment Proposition
3.4 Competitive Analysis: Global Optical Coherence Tomography Market, 2016 (Value %)

Chapter 4 Global Optical Coherence Tomography Market Analysis, By Technology Type
4.1 Overview
4.1.1 Market Attractive Proposition of Optical Coherence Tomography Market, by Technology Type, 2016
4.2 Time-domain OCT (TD-OCT)
4.3 Spectral-domain OCT (SD-OCT) or Fourier-domain OCT (FD-OCT)
4.4 Others

Chapter 5 Global Optical Coherence Tomography Market Analysis, By Application Type
5.1 Overview
5.1.1 Market Attractive Proposition of Optical Coherence Tomography Market, by Application Type, 2016
5.2 Diagnosis
5.2.1 Ophthalmology
5.2.2 Cardiology
5.2.3 Bronchoscopy
5.2.4 Dermatology
5.2.5 Others
5.3 Life science research

Chapter 6 Global Optical Coherence Tomography Market, By Geography
6.1 Preface
6.2 North America (U.S. & Canada)
6.2.1 North America Optical Coherence Tomography Market, by Technology Type, 2015-2025 (US$ Mn)
6.2.2 North America Optical Coherence Tomography Market, by Application Type, 2015-2025 (US$ Mn)
6.2.3 North America Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
6.3 Europe (U.K., Germany & Rest of Europe)
6.3.1 Europe Optical Coherence Tomography Market, by Technology Type, 2015-2025 (US$ Mn)
6.3.2 Europe Optical Coherence Tomography Market, by Application Type, 2015-2025 (US$ Mn)
6.3.3 Europe Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
6.4 Asia-Pacific (China, Japan & Rest of Asia-Pacific)
6.4.1 Asia Pacific Optical Coherence Tomography Market, by Technology Type, 2015-2025 (US$ Mn)
6.4.2 Asia Pacific Optical Coherence Tomography Market, by Application Type, 2015-2025 (US$ Mn)
6.4.3 Asia – Pacific Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
6.5 Latin America (Brazil, Mexico and Rest of LATAM)
6.5.1 Latin America Optical Coherence Tomography Market, by Technology Type, 2015-2025 (US$ Mn)
6.5.2 Latin America Optical Coherence Tomography Market, by Application Type, 2015-2025 (US$ Mn)
6.5.3 Latin America Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
6.6 Middle East and Africa
6.6.1 Middle East and Africa Optical Coherence Tomography Market, by Technology Type, 2015-2025 (US$ Mn)
6.6.2 Middle East and Africa Optical Coherence Tomography Market, by Application Type, 2015-2025 (US$ Mn)
6.6.3 Middle East and Africa Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)

Chapter 7 Company Profiles
7.1 Carl Zeiss Meditec AG
7.2 Optovue
7.3 Michelson Diagnostics Ltd
7.4 Heidelberg Engineering GmbH
7.5 Topcon Medical Systems Inc.
7.6 Novacam Technologies Inc.
7.7 Agfa Healthcare
7.8 Thorlabs Inc.
7.9 Others

 

List of Figures

FIG. 1 Optical Coherence Tomography Market: Research Methodology
FIG. 2 Optical Coherence Tomography Market, by Technology Type, 2016 (US$ Mn)
FIG. 3 Optical Coherence Tomography Market, by Application Type, 2016 (US$ Mn)
FIG. 4 Optical Coherence Tomography Market, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition
FIG. 6 Competitive Analysis: Global Optical Coherence Tomography Market, 2016 (Value %)
FIG. 7 Global Time-domain OCT Market (US$ Mn), 2015-2025
FIG. 8 Global Spectral-domain OCT Market(US$ Mn), 2015-2025
FIG. 9 Global Others Market(US$ Mn), 2015-2025
FIG. 10 Global Diagnosis Market(US$ Mn), 2015-2025
FIG. 11 Global Ophthalmology Market (US $ Mn), 2015-2025
FIG. 12 Global Cardiology Market (US $ Mn), 2015-2025
FIG. 13 Global Bronchoscopy Market (US $ Mn), 2015-2025
FIG. 14 Global Dermatology Market (US $ Mn), 2015-2025
FIG. 15 Global Others Market (US $ Mn), 2015-2025
FIG. 16 Global Life Science Research Market (US$ Mn), 2015-2025

List of Tables

TABLE 1 Global Optical Coherence Tomography Market, By Technology Type (US$ Mn), 2015–2025 (Value)
TABLE 2 Global Optical Coherence Tomography Market, By Application Type (US$ Mn), 2015–2025 (Value)
TABLE 3 Global Optical Coherence Tomography Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 4 North America Optical Coherence Tomography Market, by Technology Type, 2015 – 2025(US$ Mn)
TABLE 5 North America Optical Coherence Tomography Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 6 North America Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 7 Europe Optical Coherence Tomography Market, by Technology Type, 2015 – 2025 (US$ Mn)
TABLE 8 Europe Optical Coherence Tomography Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 9 Europe Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Asia Pacific Optical Coherence Tomography Market, by Technology Type, 2015 – 2025 (US$ Mn)
TABLE 11 Asia Pacific Optical Coherence Tomography Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 12 Asia – Pacific Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Latin America Optical Coherence Tomography Market, by Technology Type, 2015 – 2025 (US$ Mn)
TABLE 14 Latin America Optical Coherence Tomography Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 15 Latin America Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 16 Middle East and Africa Optical Coherence Tomography Market, by Technology Type, 2015 – 2025 (US$ Mn)
TABLE 17 Middle East and Africa Optical Coherence Tomography Market, by Application Type, 2015 – 2025 (US$ Mn)
TABLE 18 Middle East and Africa Optical Coherence Tomography Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 Carl Zeiss Meditec AG: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 20 Optovue: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 21 Michelson Diagnostics Ltd: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 22 Heidelberg Engineering GmbH: Company Snapshot (Business Description; FinancialPerformance; Product Position/Portfolio; News Coverage)
TABLE 23 Topcon Medical Systems Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 24 Novacam Technologies Inc.: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 25 Agfa Healthcare: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 26 Thorlabs Inc. Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)
TABLE 27 Others: Company Snapshot (Business Description; Financial Performance; Product Position/Portfolio; News Coverage)

Frequently Asked Question:

What is the size of Optical Coherence Tomography Market?

The market for Optical Coherence Tomography Market is expected to reach USD$ 1,666.6 Mn in 2025.

What is the Optical Coherence Tomography Market CAGR?

The Optical Coherence Tomography Market is expected to see significant CAGR growth over the coming years, at 6.75%.

What is the Forecast period considered for Optical Coherence Tomography Market?

The report is forecasted from 2017 -2025.

What is the base year considered for Optical Coherence Tomography Market?

The base year of this report is 2016.

Who are the major players in this market?

B. Braun Melsungen AG, Boston Scientific Corporation, BIOTRONIK SE & Co. KG, C.R. Bard, Cook Medical. are some of the major players in the global market.

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