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The global market for optical coherence tomography is being aided by the rising prevalence of various chronic diseases. The growing research activities to develop optical coherence tomography with the advanced resolution are also aiding the market growth. The surging applications of optical coherence tomography in various biomedical procedures, such as skin cancer, cardiology, and ophthalmology, among others, are further propelling the industry growth. Moreover, the integration of state-of-the-art technology for the manufacturing for specific applications with high performance and flexibility is augmenting the growth of the optical coherence tomography industry. The growing research and development (R&D) activities by the leading companies to enhance the functionality of optical coherence tomography devices is significantly contributing to the market growth. In addition, the development of cost-effective optical coherence tomography devices is increasing their demand in small hospitals and speciality clinics, which is, consequently, providing further impetus to the market growth.
ZEISS Medical Technology (OTC US: CZMWY), one of the leading players in the market, expanded its CIRRUS range with the launch of CIRRUS 6000, 100kHz ultra-fast OCT system in September 2019. The system is designed to elevate the efficiency of advanced care practices. It is the latest addition of optical coherence tomography products that are designed to meet the needs of all types and levels of practices and/or clinicians by offering high speed and high throughput to aid in the management of their patient volume faster to improve image and imaging quality. It enables clinicians to scan patients faster to improve efficiency and imaging detail for ophthalmalgia applications. The development of such advanced optical coherence tomography is expected to drive the market growth in the forecast period.
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The major players in the global optical coherence tomography market are Novacam Technologies, Inc., ZEISS Medical Technology, Heidelberg Engineering GmbH, Imalux Corporation, and Michelson Diagnostics Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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