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The global optical coherence tomography medical imaging market was valued at USD 1,632.23 million in 2023, driven by the growing geriatric population across the globe. It is expected to grow at a CAGR of 10.1% during the forecast period of 2024-2032 and attain a market value of USD 3,880.32 million in 2032.
Optical coherence tomography (OCT), is a non-invasive imaging method used to generate pictures to diagnose various medical conditions such as diabetes-related retinopathy and glaucoma, macular edema, and age-related macular degeneration, among others. Optical coherence tomography medical imaging is performed by measuring the amount of dim red light that reflects off of the retina and optic nerve.
Growing Prevalence of Chronic Diseases and Demand for Diagnoses to Boost Market Growth
The market is poised to be driven by the growing geriatric population and rising prevalence of chronic diseases such as diabetes. In a report released by the International Diabetes Federation, around 643 million people have been projected to be suffering from diabetes by 2030. Additionally, it is estimated that 1 in 8 adults which is about 783 million people will be living with diabetes by 2045, showcasing an increase of 46% than last recording. In the IDF Diabetes Atlas (2021), it was reported that 10.5% of adults aged between 20-79 years had diabetes but had no awareness of suffering from the condition.
These numbers showcase how the global population is anticipated to be suffering from diabetes in the forecast period. Diabetes is considered to be the root cause of several other diseases including diabetic retinopathy in which a patient’s retina is damaged due to increased blood sugar levels. Optical coherence tomography (OCT) is commonly performed to diagnose the damage. In a report published by JAMA Ophthalmology in March 2024, it was estimated that 9.6 million people in the United States were suffering from diabetic retinopathy (DR) and around 1.84 million among those were living with vision-threatening diabetic retinopathy (VTDR). Therefore, the increasing prevalence of diabetes is expected to boost the market demand for optical coherence tomography in the forecast period.
Escalating Focus on Improving Imaging Technologies to Meet Rising Optical Coherence Tomography Medical Imaging Market Demand
In June 2024, Carl Zeiss AG, a German manufacturer of optical systems and optoelectronics, announced a recent enhancement to its Cirrus 6000 OCT system. The company has developed an expanded OCT database to support and enhance the workflow of ophthalmologists. This database will enable ophthalmologists to compare OCT scan images with the ones in the database to provide more accurate, data-driven diagnosis, and treatment to patients.
Additionally, the database has now integrated the latest cybersecurity features to allow the secure handling of sensitive patient data. This latest innovation by Zeiss has showcased a substantial advancement in medical imaging and a shift towards integrated, data-driven solutions in the domain to provide accurate diagnosis and data security to patients, stimulating market development and growth in the forecast period.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Key Trends | Impact |
Technological Advancements | The key players are showcasing substantial efforts towards improving patient experience and medical imaging technologies to enable more accurate, data-driven decision-making. This trend is poised to elevate the market value in the forecast period. |
Rising Prevalence of Chronic Diseases | The market is witnessing an increase in the prevalence of chronic conditions such as diabetes, glaucoma, macular edema, and age-related macular degeneration among others, leading to diabetic retinopathy, contributing to the increased demand for optical coherence tomography. |
Preference for Non-Invasive Imaging | here has been a rising preference for non-invasive diagnostic equipment and procedures among healthcare providers and patients. This is catalysing the growing demand for OCT medical imaging technology. |
Increased Awareness for Early Diagnosis | The growing awareness among people about diabetes and related medical conditions such as diabetic retinopathy is playing a crucial role in increasing the adoption of OCT imaging and early diagnosis of critical medical conditions related to eye and retinal damage. |
Market Breakup by Type
Market Breakup by Technology
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
Market Share Based on Type to Witness Substantial Growth
The segmentation by type includes Doppler OCT devices, tabletop OCT devices, catheter-based OCT devices, and handheld OCT devices. The tabletop OCT devices segment is expected to hold a significant market share in the forecast period as they have diverse applications in ophthalmology clinics and hospitals. In addition, the market is experiencing a significantly high demand for non-invasive and high-resolution medical imaging to generate more accurate and improved results, which is further contributing to the popularity of table-top OCT devices.
North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are all included in the regional market analysis. North America is leading the regional market segment. The dominance can be attributed to the presence of most key players in the region. The availability of high-end, technically advanced imaging technologies also contributes to the market value. The increasing prevalence of diabetic patients in the region is a common factor contributing to an increase in the number of optical scanning by ophthalmologists including OCT.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Carl Zeiss AG
Germany-based company is a global leader in the optical systems and optoelectronics industry. Carl Zeiss is known for its highly advanced and precision solutions in microscopy, medical technology, and optics.
Topcon Corporation
Topcon Corporation is a Japan-based manufacturer of optical equipment for ophthalmology and surveying. The company is known for integrating technology and innovation to improve patient care and clinical workflow.
Leica Microsystems
Leica Microsystems GmbH is based in Germany. The company specializes in manufacturing high-precision and quality optical microscopes, and other related products. The company provides advanced imaging systems including OCT solutions, widely used in research, clinical, and educational settings.
Heidelberg Engineering Inc.
The company specializes in diagnostic instruments for ophthalmology. Heidelberg is known for its advanced OCT and other imaging systems that provide high-resolution diagnostics. It provides quality products with wide applications in eye disease detection and management.
Terumo Medical Corporation
Terumo is a global leader in medical imaging technology which provides various products and solutions in medical fields such as oncology, vascular surgery, and general medicine.
Other key players in the market include Optovue, Inc., Thorlabs, Inc., OPTOPOL Technology Sp., Novacam Technologies Inc., and Michelson Diagnostics.
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 Type |
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Breakup by Technology |
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Breakup by Application |
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Breakup by End User |
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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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*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.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Optical Coherence Tomography Medical Imaging Market Overview
3.1 Global Optical Coherence Tomography Medical Imaging Market Historical Value (2017-2023)
3.2 Global Optical Coherence Tomography Medical Imaging Market Forecast Value (2024-2032)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 Global Optical Coherence Tomography Medical Imaging Market Landscape*
5.1 Global Optical Coherence Tomography Medical Imaging Market: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 Global Optical Coherence Tomography Medical Imaging Market: Product Landscape
5.2.1 Analysis by Type
5.2.2 Analysis by Technology
5.2.3 Analysis by Application
6 Global Optical Coherence Tomography Medical Imaging Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Economic
6.3.3 Social
6.3.4 Technological
6.3.5 Legal
6.3.6 Environment
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 Global Optical Coherence Tomography Medical Imaging Market: Trade Data Analysis (HS Code: 90185090)
7.1 Major Exporting Countries
7.1.1 By Value
7.1.2 By Volume
7.2 Major Importing Countries
7.2.1 By Value
7.2.2 By Volume
8 Global Optical Coherence Tomography Medical Imaging Market Segmentation (2017-2032)
8.1 Global Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
8.1.1 Market Overview
8.1.2 Doppler OCT Devices
8.1.3 Tabletop OCT Devices
8.1.4 Catheter-based OCT Devices
8.1.5 Handheld OCT Devices
8.2 Global Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
8.2.1 Market Overview
8.2.2 Frequency Domain OCT
8.2.3 Time Domain OCT
8.2.4 Spatial Encoded Frequency Domain
8.3 Global Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
8.3.1 Market Overview
8.3.2 Oncology
8.3.3 Ophthalmology
8.3.4 Cardiovascular
8.3.5 Dermatology
8.3.6 Others
8.4 Global Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
8.4.1 Market Overview
8.4.2 Hospitals
8.4.3 Diagnostic Centers
8.4.4 Others
8.5 Global Optical Coherence Tomography Medical Imaging Market (2017-2032) by Region
8.5.1 Market Overview
8.5.2 North America
8.5.3 Europe
8.5.4 Asia Pacific
8.5.5 Latin America
8.5.6 Middle East and Africa
9 North America Optical Coherence Tomography Medical Imaging Market (2017-2032)
9.1 North America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
9.1.1 Market Overview
9.1.2 Doppler OCT Devices
9.1.3 Tabletop OCT Devices
9.1.4 Catheter-based OCT Devices
9.1.5 Handheld OCT Devices
9.2 North America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
9.2.1 Market Overview
9.2.2 Frequency Domain OCT
9.2.3 Time Domain OCT
9.2.4 Spatial Encoded Frequency Domain
9.3 North America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
9.3.1 Market Overview
9.3.2 Oncology
9.3.3 Ophthalmology
9.3.4 Cardiovascular
9.3.5 Dermatology
9.3.6 Others
9.4 North America Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
9.4.1 Market Overview
9.4.2 Hospitals
9.4.3 Diagnostic Centers
9.4.4 Others
9.5 North America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Country
9.5.1 United States of America
9.5.2 Canada
10 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032)
10.1 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
10.1.1 Market Overview
10.1.2 Doppler OCT Devices
10.1.3 Tabletop OCT Devices
10.1.4 Catheter-based OCT Devices
10.1.5 Handheld OCT Devices
10.2 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
10.2.1 Market Overview
10.2.2 Frequency Domain OCT
10.2.3 Time Domain OCT
10.2.4 Spatial Encoded Frequency Domain
10.3 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
10.3.1 Market Overview
10.3.2 Oncology
10.3.3 Ophthalmology
10.3.4 Cardiovascular
10.3.5 Dermatology
10.3.6 Others
10.4 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
10.4.1 Market Overview
10.4.2 Hospitals
10.4.3 Diagnostic Centers
10.4.4 Others
10.5 Europe Optical Coherence Tomography Medical Imaging Market (2017-2032) by Country
10.5.1 United Kingdom
10.5.2 Germany
10.5.3 France
10.5.4 Italy
10.5.5 Others
11 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032)
11.1 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
11.1.1 Market Overview
11.1.2 Doppler OCT Devices
11.1.3 Tabletop OCT Devices
11.1.4 Catheter-based OCT Devices
11.1.5 Handheld OCT Devices
11.2 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
11.2.1 Market Overview
11.2.2 Frequency Domain OCT
11.2.3 Time Domain OCT
11.2.4 Spatial Encoded Frequency Domain
11.3 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
11.3.1 Market Overview
11.3.2 Oncology
11.3.3 Ophthalmology
11.3.4 Cardiovascular
11.3.5 Dermatology
11.3.6 Others
11.4 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
11.4.1 Market Overview
11.4.2 Hospitals
11.4.3 Diagnostic Centers
11.4.4 Others
11.5 Asia Pacific Optical Coherence Tomography Medical Imaging Market (2017-2032) by Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 ASEAN
11.5.5 Australia
11.5.6 Others
12 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032)
12.1 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
12.1.1 Market Overview
12.1.2 Doppler OCT Devices
12.1.3 Tabletop OCT Devices
12.1.4 Catheter-based OCT Devices
12.1.5 Handheld OCT Devices
12.2 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
12.2.1 Market Overview
12.2.2 Frequency Domain OCT
12.2.3 Time Domain OCT
12.2.4 Spatial Encoded Frequency Domain
12.3 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
12.3.1 Market Overview
12.3.2 Oncology
12.3.3 Ophthalmology
12.3.4 Cardiovascular
12.3.5 Dermatology
12.3.6 Others
12.4 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
12.4.1 Market Overview
12.4.2 Hospitals
12.4.3 Diagnostic Centers
12.4.4 Others
12.5 Latin America Optical Coherence Tomography Medical Imaging Market (2017-2032) by Country
12.5.1 Brazil
12.5.2 Argentina
12.5.3 Mexico
12.5.4 Others
13 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032)
13.1 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032) by Type
13.1.1 Market Overview
13.1.2 Doppler OCT Devices
13.1.3 Tabletop OCT Devices
13.1.4 Catheter-based OCT Devices
13.1.5 Handheld OCT Devices
13.2 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032) by Technology
13.2.1 Market Overview
13.2.2 Frequency Domain OCT
13.2.3 Time Domain OCT
13.2.4 Spatial Encoded Frequency Domain
13.3 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032) by Application
13.3.1 Market Overview
13.3.2 Oncology
13.3.3 Ophthalmology
13.3.4 Cardiovascular
13.3.5 Dermatology
13.3.6 Others
13.4 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032) by End User
13.4.1 Market Overview
13.4.2 Hospitals
13.4.3 Diagnostic Centers
13.4.4 Others
13.5 Middle East and Africa Optical Coherence Tomography Medical Imaging Market (2017-2032) by Country
13.5.1 Saudi Arabia
13.5.2 United Arab Emirates
13.5.3 Nigeria
13.5.4 South Africa
13.5.5 Others
14 Regulatory Framework
14.1 Regulatory Overview
14.2 US FDA
14.3 EU EMA
14.4 INDIA CDSCO
14.5 JAPAN PMDA
14.6 Others
15 Patent Analysis
15.1 Analysis by Type of Patent
15.2 Analysis by Publication Year
15.3 Analysis by Issuing Authority
15.4 Analysis by Patent Age
15.5 Analysis by CPC Analysis
15.6 Analysis by Patent Valuation
15.7 Analysis by Key Players
16 Grants Analysis
16.1 Analysis by Year
16.2 Analysis by Amount Awarded
16.3 Analysis by Issuing Authority
16.4 Analysis by Grant Application
16.5 Analysis by Funding Institute
16.6 Analysis by NIH Departments
16.7 Analysis by Recipient Organization
17 Funding and Investment Analysis
17.1 Analysis by Funding Instances
17.2 Analysis by Type of Funding
17.3 Analysis by Funding Amount
17.4 Analysis by Leading Players
17.5 Analysis by Leading Investors
17.6 Analysis by Geography
18 Strategic Initiatives
18.1 Analysis by Partnership Instances
18.2 Analysis by Type of Partnership and Collaborations
18.3 Analysis by Joint Ventures
18.4 Analysis by Leading Players
18.5 Analysis by Geography
19 Supplier Landscape
19.1 Market Share Analysis, By Region (Top 5 Companies)
19.1.1 Market Share Analysis: Global
19.1.2 Market Share Analysis: North America
19.1.3 Market Share Analysis: Europe
19.1.4 Market Share Analysis: Asia Pacific
19.1.5 Market Share Analysis: Others
19.2 Carl Zeiss AG
19.2.1 Financial Analysis
19.2.2 Product Portfolio
19.2.3 Demographic Reach and Achievements
19.2.4 Company News and Development
19.2.5 Certifications
19.3 Topcon Corporation
19.3.1 Financial Analysis
19.3.2 Product Portfolio
19.3.3 Demographic Reach and Achievements
19.3.4 Company News and Development
19.3.5 Certifications
19.4 Leica Microsystems
19.4.1 Financial Analysis
19.4.2 Product Portfolio
19.4.3 Demographic Reach and Achievements
19.4.4 Company News and Development
19.4.5 Certifications
19.5 Terumo Medical Corporation
19.5.1 Financial Analysis
19.5.2 Product Portfolio
19.5.3 Demographic Reach and Achievements
19.5.4 Company News and Development
19.5.5 Certifications
19.6 Optovue, Inc.
19.6.1 Financial Analysis
19.6.2 Product Portfolio
19.6.3 Demographic Reach and Achievements
19.6.4 Company News and Development
19.6.5 Certifications
19.7 Thorlabs, Inc.
19.7.1 Financial Analysis
19.7.2 Product Portfolio
19.7.3 Demographic Reach and Achievements
19.7.4 Company News and Development
19.7.5 Certifications
19.8 OPTOPOL Technology Sp.
19.8.1 Financial Analysis
19.8.2 Product Portfolio
19.8.3 Demographic Reach and Achievements
19.8.4 Company News and Development
19.8.5 Certifications
19.9 Michelson Diagnostics
19.9.1 Financial Analysis
19.9.2 Product Portfolio
19.9.3 Demographic Reach and Achievements
19.9.4 Company News and Development
19.9.5 Certifications
19.10 Novacam Technologies Inc.
19.10.1 Financial Analysis
19.10.2 Product Portfolio
19.10.3 Demographic Reach and Achievements
19.10.4 Company News and Development
19.10.5 Certifications
20 Global Optical Coherence Tomography Medical Imaging Market – Distribution Model (Additional Insight)
20.1 Overview
20.2 Potential Distributors
20.3 Key Parameters for Distribution Partner Assessment
21 Key Opinion Leaders (KOL) Insights (Additional Insight)
*Additional insights provided are customisable as per client requirements.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The EMR team strives to make this section as comprehensive as possible.
**The supplier list is not exhaustive. Moreover, we can provide analysis of companies as per custom requests.
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