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Global Optical Coherence Tomography Market Size, Share: By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT, Fourier Domain OCT (FDOCT), Others; By Type: Catheter based OCT Devices, Others; By Applications; Regional Analysis; Supplier Landscape; 2023-2031
Global Optical Coherence Tomography Market Outlook
The global optical coherence tomography market attained a value of about USD 1223 million in 2020. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 10.1% to reach nearly USD 2178 million by 2026.
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Rising Use of Optical Coherence Tomography in Dermatological Applications Boosting the Market Growth
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: Market Segmentation
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:
- Time Domain OCT
- Frequency Domain OCT
- Spatial Encoded Frequency Domain OCT
- Fourier Domain OCT
- Others
The market can be broadly categorised on the basis of its types into:
- Catheter Based OCT Devices
- Doppler OCT Devices
- Handheld OCT Devices
- Tabletop OCT Devices
Based on applications, the market is divided into:
- Ophthalmology
- Cardiovascular
- Oncology
- Dermatology
- Others
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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Development of Innovative Optical Coherence Tomography Systems to Bolster the Optical Coherence Tomography Industry
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.
Key Industry Players in the Global Optical Coherence Tomography Market
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:
- Novacam Technologies, Inc.
- ZEISS Medical Technology
- Heidelberg Engineering GmbH
- Imalux Corporation
- Michelson Diagnostics Ltd
- Others
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Technology |
|
| Breakup by Type |
|
| Breakup by Applications |
|
| Breakup by Region |
|
| Market Dynamics |
|
| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Market Overview
3.1 Global Optical Coherence Tomography Market Historical Value (2016-2022)
3.2 Global Optical Coherence Tomography Market Forecast Value (2023-2031)
4 Global Optical Coherence Tomography Market Landscape
4.1 Global Optical Coherence Tomography Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Optical Coherence Tomography Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by Technology
5 Global Optical Coherence Tomography Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Optical Coherence Tomography Market Segmentation
6.1 Global Optical Coherence Tomography Market by Technology
6.1.1 Market Overview
6.1.2 Time Domain OCT (TDOCT)
6.1.3 Frequency Domain OCT (FD-OCT)
6.1.4 Spatial Encoded Frequency Domain OCT
6.1.5 Fourier Domain OCT (FDOCT)
6.1.6 Others
6.2 Global Optical Coherence Tomography Market by Type
6.2.1 Market Overview
6.2.2 Catheter based OCT Devices
6.2.3 Doppler OCT Devices
6.2.4 Handheld OCT Devices
6.2.5 Tabletop OCT Devices
6.3 Global Optical Coherence Tomography Market by Applications
6.3.1 Market Overview
6.3.2 Ophthalmology
6.3.3 Cardiovascular
6.3.4 Oncology
6.3.5 Dermatology
6.3.6 Others
6.4 Global Optical Coherence Tomography Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Optical Coherence Tomography Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Optical Coherence Tomography Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Optical Coherence Tomography Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Optical Coherence Tomography Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Optical Coherence Tomography Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Carl Zeiss AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Heidelberg Engineering GmbH.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Leica Microsystems
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 TOPCON CORPORATION
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Agfa Healthcare India Pvt. Ltd.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Agiltron Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Michelson Diagnostics Ltd.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Shenzhen MOPTIM Imaging Technique Co., Ltd.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Abbott.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Canon Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Nikon Instruments Inc.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Thorlabs, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Miniprobes, HAAG-STREIT GROUP
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Novartis
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Edmund Optics Inc.
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 Bausch Health.,
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 OPTOPOL Technology
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications
18 Global Optical Coherence Tomography Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
In 2020, the global optical coherence tomography market attained a value of nearly USD 1223 million.
The market is projected to grow at a CAGR of 10.1% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 2178 million by 2026.
The market is being driven by the growing use of optical coherence tomography in dermatological applications and the increasing research and development (R&D) activities to improve diagnostic capabilities of optical coherence tomography.
The industry is expected to be aided by the extensive use of optical coherence tomography in ophthalmic applications, the development of innovative tomography, and the advent of smart optical coherence tomography.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major technologies of optical coherence tomography in the industry are time domain OCT, frequency domain OCT, and spatial encoded frequency domain OCT.
The significant types of optical coherence tomography are catheter based OCT devices, doppler OCT devices, handheld OCT devices, and tabletop OCT devices.
The leading application segments of optical coherence tomography in the market are ophthalmology, cardiovascular, oncology, and dermatology, among others.
The major players in the industry are Novacam Technologies, Inc., ZEISS Medical Technology, Heidelberg Engineering GmbH, Imalux Corporation, and Michelson Diagnostics Ltd, among others.
Analyst Review
The global optical coherence tomography market attained a value of nearly USD 1223 million in 2020, driven by the growing use of optical coherence tomography in dermatological applications. Aided by the advent of smart optical coherence tomography the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.1%. The market is projected to reach about USD 2178 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technologies, the optical coherence tomography industry can be segmented into time domain OCT, frequency domain OCT, and spatial encoded frequency domain OCT. On the basis of types, the industry is divided into catheter based OCT devices, doppler OCT devices, handheld OCT devices, and tabletop OCT devices. By applications, the market is categorised into ophthalmology, cardiovascular, oncology, and dermatology, among others. The major regional markets for optical coherence tomography are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Novacam Technologies, Inc., ZEISS Medical Technology, Heidelberg Engineering GmbH, Imalux Corporation, and Michelson Diagnostics Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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