Optical Coherence Tomography (OCT) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Optical Coherence Tomography (OCT) Market covers analysis By Device Type (Doppler OCT devices, Handheld OCT devices, Catheter based OCT devices, and Tabletop OCT devices); Technology (Spatially Encoded Frequency Domain Optical Coherence Tomography (OCT), Frequency Domain Optical Coherence Tomography (OCT) (FD-OCT), Time Domain Optical Coherence Tomography (OCT) (TDOCT)); Application (Cancer detection, Cardiovascular, Dentistry, Dermatology, Oncology, and Ophthalmology); End User (Hospitals, Specialized Clinics and Other End Users) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPMD00002580
  • Category : Medical Device
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Optical coherence tomography is a form of non-invasive imaging test. This technique uses coherent light to capture two and three dimensional images. OCT is a technique to examine the transparent tissues. It is mostly used for analysis in the field of ophthalmology to monitor the condition of a retina. In recent days, there have been various technological developments in the field of OCT, hence increasing its scope of applications in the medical industry. OCT is used in biopsy due to benefits such as, High resolution, high penetration depth, and its potential for functional imaging.

MARKET SCOPE

The "Global Optical Coherence Tomography (OCT) Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Optical Coherence Tomography (OCT) market with detailed market segmentation by device type, technology, application, end user and geography. The report provides key statistics on the market status of the leading Optical Coherence Tomography (OCT) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  • Based on Device Type, the global Optical Coherence Tomography (OCT) market is segmented into Doppler OCT devices, Handheld OCT devices, Catheter based OCT devices, and Tabletop OCT devices.
  • Based on Technology, the global Optical Coherence Tomography (OCT) market is segmented into Spatially Encoded Frequency Domain Optical Coherence Tomography (OCT), Frequency Domain Optical Coherence Tomography (OCT) (FD-OCT), Time Domain Optical Coherence Tomography (OCT) (TDOCT)).
  • Based on Application, the global Optical Coherence Tomography (OCT) market is segmented into Cancer detection, Cardiovascular, Dentistry, Dermatology, Oncology, and Ophthalmology
  • Based on End Users, the global Optical Coherence Tomography (OCT) market is segmented into Hospitals, Specialized Clinics and Other End Users.

MARKET DYNAMICS
Drivers:
  • Rise in the prevalence of cancer cases across the globe
  • Increased demand for OCT technique
Restraints
  • High Cost
REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Optical Coherence Tomography (OCT) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Optical Coherence Tomography (OCT) market in these regions.

IMPACT OF COVID-19 ON OPTICAL COHERENCE TOMOGRAPHY (OCT) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. However, the demand for Optical Coherence Tomography (OCT) has decreased due to rising in COVID instances. According to the research led by Codice Viola, charity that supports pancreatic cancer patients found that more than 500 breast or pancreatic patients appointments for chemotherapy or radiotherapy were postponed. Additionally, 64% of surgical procedures were postponed and more than half have had follow-up appointments rescheduled.

Additionally, In UK, the practice of oncological surgery has been changed. Increasing COVID-19 has impacted the diagnosis and treatment of cancer due to the diversification of the medical work force and decision to focus on treating the critically ill. Due to the current pandemic, many cancer research organizations which are dealing with radiofrequency ablation devices treatment are not taking appointments to avoid anxiety associated with same. Due to new clinical practice are prioritizing their patients and making difficult choices by offering less treatment. Similarly, In the Netherlands, the healthcare system is under stress due to the rising number of COVID-19 patients. Family healthcare services providers are treating COVID-19 patient who has disrupted normal patient care.

Optical Coherence Tomography (OCT) Market Report Analysis

Optical Coherence Tomography (OCT) Market
  • CAGR
    CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Alcon
  • Carl Zeiss Meditec AG
  • Leica Microsystems
  • Michelson Diagnostics Ltd
  • NIDEK CO., LTD.
  • OPTOPOL Technology Sp. z o.o.
  • Optovue, Incorporated
  • Thorlabs, Inc.
  • TOPCON CORPORATION

Regional Overview

Regional Overview
  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Market Segment By Device Type
  • Doppler OCT devices
  • Handheld OCT devices
  • Catheter based OCT devices
  • Tabletop OCT devices
Market Segment By Technology
  • Spatially Encoded Frequency Domain Optical Coherence Tomography
  • Frequency Domain Optical Coherence Tomography
  • Time Domain Optical Coherence Tomography
Market Segment By Application
  • Cancer detection
  • Cardiovascular
  • Dentistry
  • Dermatology
  • Oncology
  • Ophthalmology
Market Segment By End User
  • Hospitals
  • Specialized Clinics
MARKET PLAYERS


The report covers key developments in the Optical Coherence Tomography (OCT) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Optical Coherence Tomography (OCT) market are anticipated to lucrative growth opportunities in the future with the rising demand for Optical Coherence Tomography (OCT) in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Optical Coherence Tomography (OCT) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  •   Alcon
  •   Carl Zeiss Meditec AG
  •   Leica Microsystems
  •   Michelson Diagnostics Ltd
  •   NIDEK CO., LTD.
  •   OPTOPOL Technology Sp. z o.o.
  •   Optovue, Incorporated
  •   Thorlabs, Inc.
  •   TOPCON CORPORATION
  •   SANTEC CORPORATION
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Optical Coherence Tomography (OCT) Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Device Type
  • Doppler OCT devices
  • Handheld OCT devices
  • Catheter based OCT devices
  • Tabletop OCT devices
By Technology
  • Spatially Encoded Frequency Domain Optical Coherence Tomography
  • Frequency Domain Optical Coherence Tomography
  • Time Domain Optical Coherence Tomography
By Application
  • Cancer detection
  • Cardiovascular
  • Dentistry
  • Dermatology
  • Oncology
  • Ophthalmology
By End User
  • Hospitals
  • Specialized Clinics
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Alcon
  • Carl Zeiss Meditec AG
  • Leica Microsystems
  • Michelson Diagnostics Ltd
  • NIDEK CO., LTD.
  • OPTOPOL Technology Sp. z o.o.
  • Optovue, Incorporated
  • Thorlabs, Inc.
  • TOPCON CORPORATION
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

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    The List of Companies

    1. Alcon
    2. Carl Zeiss Meditec AG
    3. Leica Microsystems
    4. Michelson Diagnostics Ltd
    5. NIDEK CO., LTD.
    6. OPTOPOL Technology Sp. z o.o.
    7. Optovue, Incorporated
    8. Thorlabs, Inc.
    9. TOPCON CORPORATION
    10. SANTEC CORPORATION
    11. Heidelberg Engineering GmbH
    12. Agfa Healthcare India Pvt.