The global optical coherence tomography (OCT) market is poised for impressive growth over the next decade. Valued at USD 1,311.70 million in 2023, the market is projected to expand at a robust CAGR of 9.5%, reaching approximately USD 3,250.70 million by 2033.
Optical coherence tomography, a non-invasive imaging technique primarily used in ophthalmology, is witnessing rising demand due to its high-resolution imaging capabilities for diagnosing eye diseases and conditions. Increasing cases of retinal disorders and other age-related eye conditions are key drivers for OCT’s growing adoption. Beyond ophthalmology, advancements are extending OCT applications into cardiology, dermatology, and oncology, broadening its market reach.
Primary Catalysts for the Optical Coherence Tomography Device Market
- The increasing prevalence of eye conditions such as diabetic retinopathy, glaucoma, and age-related macular degeneration is pushing the demand for optical coherence tomography and early detection in the field of ophthalmology.
- OCT is finding new uses in disciplines including gastroenterology, dermatology, and cardiology due to ongoing research and development efforts, contributing to market expansion.
- OCT is a desirable alternative for individuals and healthcare providers because it is less expensive than invasive diagnostic techniques, boosting optical coherence tomography market trends.
- The OCT market opportunities have increased due to the chances for its application in remote healthcare settings brought about by the expansion of telemedicine and remote monitoring systems.
- Healthcare organizations and providers are increasingly likely to invest in cutting-edge OCT equipment as global healthcare spending rises to maintain competitiveness and deliver better patient care.
Notable Optical Coherence Tomography Manufacturers
- Leica Microsystems (Danaher Corporation)
- Carl Zeiss Meditec AG, Optovue Inc.
- Topcon Corporation
- Optopol Technology SP. ZOO
- Santec Corporation
- Heidelberg Engineering GmbH
- Michelson Diagnostics Ltd.
- Tomophase Inc.
- Moptim Imaging Technique
- NIDEK Co. Ltd.
- Sonostar Technologies Co. Limited
- Canon Medical Systems, USA
- Abbott, ZD Medical Inc.
- CONAVI MEDICAL
- Excelitas Technologies Corp
- Novacam Technologies Inc.
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Key Segments
By Product:
- Time Domain Optical Coherence Tomography (TD-OCT) Systems
- Fourier Domain Optical Coherence Tomography (FDOCT) Systems
- Spectral Domain-OCT
- Swept Source-OCT
By Application:
- Clinical
- Ophthalmology
- Cardiovascular
- Dermatology
- Dental
- Industrial
- Non-destructive Testing
- Industrial Quality Control
- Others
By Scanning Speed:
- 400 A-scans/sec
- 4000 A-scans/sec
- 20000 A-scans/sec
- 32000 A-scans/sec
- 40000 A-scans/sec
- 70000 A-scans/sec
- 80000 A-scans/sec
- 100000 A-scans/sec
- 250,000 A-scans/sec
By End User:
- Healthcare Settings
- Hospitals
- Ambulatory Surgical Centres
- Specialty Clinics
- Food Industry
- Semiconductor Industries
- Chemical and Polymer Industries
- Automotive Industry
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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