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The global optical coherence tomography market size attained a value of USD 1,632.23 million in 2023. The market is anticipated to grow at a CAGR of 10.1% during the forecast period of 2024-2032 to attain a value of USD 3,880.32 million by 2032.
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As optical coherence tomography can provide high-resolution images without gels or pre-treatments, it is increasingly used as a substitute for skin biopsy, which is aiding the market growth. It can effectively diagnose various skin-related complications such as skin cancer, psoriasis, and systemic sclerosis, among others, by differentiating various tissues, due to which it is extensively deployed in the dermatology industry. In addition, optical coherence tomography is used in various cosmetic applications to measure and monitor the effects of ultraviolet (UV) radiation, collagen density, and wrinkle stretching, among others in the dermatology industry. Hence, the rising skin-consciousness is expected to augment the market growth in the coming years. Furthermore, the increasing research and development (R&D) activities to improve imaging capabilities by enhancing the range and details of optical coherence tomography are further expected to invigorate the market growth. The surging demand for optical coherence tomography to diagnose neurogenerative disorders such as Alzheimer’s disease and Parkinson’s disease is also expected to significantly contribute to the industry growth.
Optical coherence tomography is a non-invasive imaging technique that captures high-resolution images to diagnose and treat various complications. It is used to diagnose and treat various cardiovascular, oncological, and dermatological-related complications. It is most extensively used in the treatment of various eye conditions.
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The major technologies of optical coherence tomography are:
The market can be broadly categorised on the basis of its types into:
Based on applications, the market is divided into:
The EMR report looks into the regional markets of optical coherence tomography like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The extensive use of optical coherence tomography as a diagnostic tool in various ophthalmic applications, such as age-related macular degeneration and management of diabetic retinopathy, among others, is propelling the market growth. The development of innovative optical coherence tomography that can measure slight changes in the retinal capillaries while quantifying retinal vascular changes to ensure early detection and reliable treatments of patients, is projected to augment the industry growth. Such development can also eliminate the requirement of invasive procedures, hence increasing the accessibility of diagnosis and treatment and further projected to catalyse the market growth.
The advent of smart optical coherence tomography that uses artificial intelligence (AI) and machine learning (ML) algorithms is enhancing the decision-making process of healthcare professionals during angioplasty, which is projected to favourably aid the market growth. It enables precise identification of tissues during a surgical process, which is estimated to fuel the market growth. Moreover, increasing research activities to develop optical coherence tomography devices featuring automated analytical and diagnostic capabilities is anticipated to further propel the market growth in the forecast period.
The report presents a detailed analysis of the following key players in the global optical coherence tomography market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Type |
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| Breakup by Applications |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1,632.23 million in 2023 driven by the rising prevalence of eye disorders across the globe.
The market is anticipated to grow at a CAGR of 10.1% during the forecast period of 2024-2032, likely to reach a market value of USD 3,880.32 million by 2032.
The market demand is driven by the increased application of optical coherence tomography across several healthcare domains including dermatology, gastroenterology, and cardiology. Technical advancements in the existing system to offer better resolution, speed and image quality is another significant factor.
The major market trend revolves around rising mergers and acquisitions between key companies to enhance product offering, expand market reach and leverage novel technologies.
Based on technology types, the market is divided into time domain OCT (TDOCT), frequency domain OCT (FD-OCT), spatial encoded frequency domain OCT, fourier domain OCT (FDOCT) and others.
Common application areas include ophthalmology, cardiovascular, oncology, dermatology, and others.
Based on types, the market is divided into catheter-based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Carl Zeiss AG, Heidelberg Engineering GmbH., Leica Microsystems, TOPCON CORPORATION, Agfa Healthcare India Pvt. Ltd., Agiltron Inc., Michelson Diagnostics Ltd., Shenzhen MOPTIM Imaging Technique Co., Ltd., Abbott., Canon Inc., Nikon Instruments Inc., Thorlabs, Inc., Miniprobes, HAAG-STREIT GROUP, Novartis, Edmund Optics Inc., Bausch Health., and OPTOPOL Technology.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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