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Global Optical Coherence Tomography Market: By Technology: Time Domain OCT, Frequency Domain OCT, Spatial Encoded Frequency Domain OCT; By Type; By Application; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

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 2021-2026 at a CAGR of 10.1% to reach nearly USD 2178 million by 2026.

 

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.

 

Global Optical Coherence Tomography Market

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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: Industry Definition and 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.

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.

 

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 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Type, Application, Region
Breakup by Technology Time Domain OCT, Frequency Domain OCT, Spatial Encoded Frequency Domain OCT
Breakup by Type Catheter Based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices, 
Breakup by Application Opthalmology, Cardiovascular, Oncology, Dermatology, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Novacam Technologies, Inc., ZEISS Medical Technology, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics Ltd, Others
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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Optical Coherence Tomography Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Optical Coherence Tomography Historical Market (2016-2020) 
    8.3    Global Optical Coherence Tomography Market Forecast (2021-2026)
    8.4    Global Optical Coherence Tomography Market by Technology
        8.4.1    Time Domain OCT
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Frequency Domain OCT
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Spatial Encoded Frequency Domain OCT
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
            8.4.3.4    Breakup by Type
                8.4.3.4.1    Fourier Domain OCT
                    8.4.3.4.1.1     Market Share
                    8.4.3.4.1.2     Historical Trend (2016-2020)
                    8.4.3.4.1.3     Forecast Trend (2021-2026)
                8.4.3.4.2    Others
    8.5    Global Optical Coherence Tomography Market by Type
        8.5.1    Catheter Based OCT Devices
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Doppler OCT Devices
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Handheld OCT Devices
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Tabletop OCT Devices
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
    8.6    Global Optical Coherence Tomography Market by Application
        8.6.1    Opthalmology
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Cardiovascular
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Oncology
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Dermatology
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Optical Coherence Tomography Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Novacam Technologies, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    ZEISS Medical Technology
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Heidelberg Engineering GmbH
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Imalux Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Michelson Diagnostics Ltd
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Optical Coherence Tomography Market: Key Industry Highlights, 2016 and 2026
2.    Global Optical Coherence Tomography Historical Market: Breakup by Technology (USD Million), 2016-2020
3.    Global Optical Coherence Tomography Market Forecast: Breakup by Technology (USD Million), 2021-2026
4.    Global Optical Coherence Tomography Historical Market: Breakup by Type (USD Million), 2016-2020
5.    Global Optical Coherence Tomography Market Forecast: Breakup by Type (USD Million), 2021-2026
6.    Global Optical Coherence Tomography Historical Market: Breakup by Application (USD Million), 2016-2020
7.    Global Optical Coherence Tomography Market Forecast: Breakup by Application (USD Million), 2021-2026
8.    Global Optical Coherence Tomography Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Optical Coherence Tomography Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Optical Coherence Tomography Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Optical Coherence Tomography Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Optical Coherence Tomography Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Optical Coherence Tomography Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Optical Coherence Tomography Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Optical Coherence Tomography Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Optical Coherence Tomography Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Optical Coherence Tomography Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Optical Coherence Tomography Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Optical Coherence Tomography Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Optical Coherence Tomography Market Structure

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 2021-2026 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 2021-2026, 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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