Optical Coherence Tomography Market Research Report Forecast to 2027

Optical Coherence Tomography Market Growth Analysis, Application And Share by Technology (Sd-Oct, Swept-Source Oct), Application (Cardiology, Ophthalmology, Dermatology, Others) and Type Of Devices (Handheld, Tabletop, Catheter-Based Oct Devices) - Forecast till 2030

ID: MRFR/MED/0820-CR | February 2021 | Region: Global | 85 Pages         

1 Report Prologue

2 Market Introduction

2.1 Assumptions & Limitations 17

2.1.1 Assumptions 17

2.1.2 Limitations 17

3 Research Methodology

3.1 Primary Research Methodology 21

3.2 Secondary Research Methodology 22

3.3 Market Share Analysis 22

3.4 Trade Analysis 22

3.5 Market Pricing Approach 23

4 Market Dynamics

4.1 Introduction 25

4.2 Drivers 26

4.2.1 Increasing Prevalence of Diabetic Retinopathy and Other Eye Diseases 26

4.2.2 Increasing Technological Advancements 27

4.2.3 Multipurpose Application, which Goes Beyond Ophthalmology Use to Other Diseases 28

4.3 Restraint 29

4.3.1 High Cost 29

4.4 Opportunities 30

4.4.1 Rising approval from regulatory bodies 30

4.4.2 Favourable Reimbursements 30

4.5 Macroeconomic Indicators 30

5 Market Impact Analysis

5.1 Porters Five Forces Analysis 32

5.1.1 Bargaining Power of Suppliers 32

5.1.2 Bargaining Power of Buyers 33

5.1.3 The threat of New Entrants 33

5.1.4 Threat of Substitutes 33

5.1.5 Intensity of Rivalry 33

5.2 Value Chain 34

5.2.1 Research & Product Development 34

5.2.2 Component Manufacturing 34

5.2.3 Assembly 34

5.2.4 Distribution 34

5.3 Demand & Supply: Gap Analysis 35

6 Global Optical Coherence Tomography Market by Technology

6.1 Introduction 37

6.1.1 Spectral-domain OCT (SD-OCT) 38

6.1.2 Swept-source OCT 39

7 Global Optical Coherence Tomography Market by Application

7.1 Introduction 41

7.1.1 Cardiology 42

7.1.2 Ophthalmology 43

7.1.3 Dermatology 43

7.1.4 Oncology 43

8 Global Optical Coherence Tomography Market by Type of Devices

8.1 Introduction 45

8.1.1 Handheld OCT Devices 46

8.1.2 Table top OCT Devices 47

8.1.3 Catheter Based OCT Devices 47

9 Global Optical Coherence Tomography Market by Region

9.1 Introduction 49

9.2 Americas 51

9.2.1 North America 54

9.2.1.1 U.S. 55

9.2.1.2 Canada 56

9.2.2 South America 57

9.3 Europe 58

9.3.1 Western Europe 61

9.3.1.1 Germany 62

9.3.1.2 France 63

9.3.1.3 U.K. 64

9.3.1.4 Italy 65

9.3.1.5 Spain 66

9.3.1.6 Rest of Western Europe 67

9.3.2 Eastern Europe 68

9.4 Asia Pacific 69

9.4.1 Japan 72

9.4.2 China 73

9.4.3 India 74

9.4.4 Republic of Korea 75

9.4.5 Australia 76

9.4.6 Rest of Asia-Pacific 77

9.5 Middle East & Africa 77

9.5.1 United Arab Emirates 80

9.5.2 Saudi Arabia 81

9.5.3 Oman 82

9.5.4 Kuwait 83

9.5.5 Qatar 84

9.5.6 Rest of Middle East & Africa 85

10 Company Landscape

10.1 Company Market Share Analysis 87

10.1.1 Introduction 87

10.2 Competitive Landscape 87

10.2.1 Introduction 87

11 Company Profiles

10.1 Company Market Share Analysis 87

10.1.1 Introduction 87

10.2 Competitive Landscape 87

10.2.1 Introduction 87

11 Company Profiles 89

11.1 Carl Zeiss AG 90

11.1.1 Company Overview 90

11.1.2 Financials 90

11.1.3 Products 90

11.1.4 Strategy 90

11.1.5 Key Developments 90

11.2 Alcon 91

11.2.1 Company Overview 91

11.2.2 Financials 91

11.2.3 Products 91

11.2.4 Strategy 91

11.2.5 Key Developments 91

11.3 Abbott Laboratories 92

11.3.1 Company Overview 92

11.3.2 Financials 92

11.3.3 Products 92

11.3.4 Strategy 92

11.3.5 Key Developments 92

11.4 Terumo Corporation 93

11.4.1 Company Overview 93

11.4.2 Financials 93

11.4.3 Products 93

11.4.4 Strategy 93

11.4.5 Key Developments 93

11.5 KONINKLIJKE PHILIPS N.V 94

11.5.1 Company Overview 94

11.5.2 Financials 94

11.5.3 Products 94

11.5.4 Strategy 94

11.5.5 Key Developments 94

11.6 B. Braun Melsungen AG 95

11.6.1 Company Overview 95

11.6.2 Financials 95

11.6.3 Products 95

11.6.4 Strategy 95

11.6.5 Key Developments 95

11.7 Boston Scientific Corporation 96

11.7.1 Company Overview 96

11.7.2 Financials 96

11.7.3 Products 96

11.7.4 Strategy 96

11.7.5 Key Developments 96

11.8 Topcon Corporation 97

11.8.1 Company Overview 97

11.8.2 Financials 97

11.8.3 Products 97

11.8.4 Strategy 97

11.8.5 Key Developments 97

11.9 NIDEK Co., Ltd. 98

11.9.1 Company Overview 98

11.9.2 Financials 98

11.9.3 Products 98

11.9.4 Strategy 98

11.9.5 Key Developments 98

11.10 Novacam Technologies Inc. 99

11.10.1 Company Overview 99

11.10.2 Financials 99

11.10.3 Products 99

11.10.4 Strategy 99

11.10.5 Key Developments 99

11.11 OPTOPOL Technology S.A 100

11.11.1 Company Overview 100

11.11.2 Financials 100

11.11.3 Products 100

11.11.4 Strategy 100

11.11.5 Key Developments 100

11.12 Heidelberg Engineering GmbH 101

11.12.1 Company Overview 101

11.12.2 Financials 101

11.12.3 Products 101

11.12.4 Strategy 101

11.12.5 Key Developments 101

11.13 Optovue 102

11.13.1 Company Overview 102

11.13.2 Financials 102

11.13.3 Products 102

11.13.4 Strategy 102

11.13.5 Key Developments 102

11.14 Michelson Diagnostics 103

11.14.1 Company Overview 103

11.14.2 Financials 103

11.14.3 Products 103

11.14.4 Strategy 103

11.14.5 Key Developments 103

12 Conclusion

12.1 Key Findings 105

12.1.1 From CEO’s View Point 105

12.2 Key Companies to Watch 105

13 Appendix

13.1 Discussion Blue Print 107

13.2 Global Optical Coherence Tomography Market, Recent Developments (2020-2020) 108

14 List of Tables

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 PRIMARY INTERVIEWS 21

TABLE 3 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 37

TABLE 4 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 38

TABLE 5 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 39

TABLE 6 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 41

TABLE 7 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 42

TABLE 8 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 43

TABLE 9 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 43

TABLE 10 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 43

TABLE 11 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 45

TABLE 12 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 46

TABLE 13 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 47

TABLE 14 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 47

TABLE 15 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 49

TABLE 16 AMERICAS OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 52

TABLE 17 NORTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020-2027 (USD MILLION) 52

TABLE 18 AMERICAS OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 53

TABLE 19 AMERICAS OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 53

TABLE 20 AMERICAS OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 53

TABLE 21 NORTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 54

TABLE 22 NORTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 54

TABLE 23 NORTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 54

TABLE 24 U.S. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 55

TABLE 25 U.S. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 55

TABLE 26 U.S. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 55

TABLE 27 CANADA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 56

TABLE 28 CANADA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56

TABLE 29 CANADA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES, 2020-2027 (USD MILLION) 56

TABLE 30 SOUTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 57

TABLE 31 SOUTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 57

TABLE 32 SOUTH AMERICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 57

TABLE 33 EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020-2027 (USD MILLION) 59

TABLE 34 WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020-2027 (USD MILLION) 59

TABLE 35 EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 60

TABLE 36 EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 60

TABLE 37 EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 60

TABLE 38 WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 61

TABLE 39 WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 61

TABLE 40 WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 61

TABLE 41 GERMANY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 62

TABLE 42 GERMANY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 62

TABLE 43 GERMANY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 62

TABLE 44 FRANCE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 63

TABLE 45 FRANCE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 63

TABLE 46 FRANCE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 63

TABLE 47 U.K. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 64

TABLE 48 U.K. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 64

TABLE 49 U.K. OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 64

TABLE 50 ITALY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 65

TABLE 51 ITALY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 65

TABLE 52 ITALY OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 65

TABLE 53 SPAIN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 66

TABLE 54 SPAIN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 66

TABLE 55 SPAIN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 66

TABLE 56 REST OF WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 67

TABLE 57 REST OF WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 67

TABLE 58 REST OF WESTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 67

TABLE 59 EASTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 68

TABLE 60 EASTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 68

TABLE 61 EASTERN EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 68

TABLE 62 ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020-2027 (USD MILLION) 70

TABLE 63 ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 70

TABLE 64 ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 71

TABLE 65 ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 71

TABLE 66 JAPAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 72

TABLE 67 JAPAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 72

TABLE 68 JAPAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 72

TABLE 69 CHINA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 73

TABLE 70 CHINA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 73

TABLE 71 CHINA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 73

TABLE 72 INDIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 74

TABLE 73 INDIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 74

TABLE 74 INDIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 74

TABLE 75 REPUBLIC OF KOREA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 75

TABLE 76 REPUBLIC OF KOREA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 75

TABLE 77 REPUBLIC OF KOREA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 75

TABLE 78 AUSTRALIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 76

TABLE 79 AUSTRALIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 76

TABLE 80 AUSTRALIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 76

TABLE 81 REST OF ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 77

TABLE 82 REST OF ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 77

TABLE 83 REST OF ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 77

TABLE 84 MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020-2027 (USD MILLION) 78

TABLE 85 MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 78

TABLE 86 MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 79

TABLE 87 MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 79

TABLE 88 UNITED ARAB EMIRATES OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 80

TABLE 89 UNITED ARAB EMIRATES OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 80

TABLE 90 UNITED ARAB EMIRATES OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 80

TABLE 91 SAUDI ARABIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 81

TABLE 92 SAUDI ARABIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 81

TABLE 93 SAUDI ARABIA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 81

TABLE 94 OMAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 82

TABLE 95 OMAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 82

TABLE 96 OMAN OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 82

TABLE 97 KUWAIT OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 83

TABLE 98 KUWAIT OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 83

TABLE 99 KUWAIT OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 83

TABLE 100 QATAR OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 84

TABLE 101 QATAR OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 84

TABLE 102 QATAR OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 84

TABLE 103 REST OF MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 85

TABLE 104 REST OF MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION 2020-2027 (USD MILLION) 85

TABLE 105 REST OF MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES 2020-2027 (USD MILLION) 85


15 list of figures

FIGURE 1 MARKET STRUCTURE 18

FIGURE 2 RESEARCH METHODOLOGY 20

FIGURE 3 PORTERS FIVE FORCES ANALYSIS OF GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET 32

FIGURE 4 VALUE CHAIN: OPTICAL COHERENCE TOMOGRAPHY MARKET 34

FIGURE 5 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TECHNOLOGY, 2020 & 2027 (US$ MILLION) 38

FIGURE 6 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY APPLICATION, 2020 & 2027 (US$ MILLION) 42

FIGURE 7 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY TYPE OF DEVICES, 2020 & 2027 (US$ MILLION) 46

FIGURE 8 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION, 2020 & 2027 (US$ MILLION) 50

FIGURE 9 AMERICAS OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020 (%) 52

FIGURE 10 EUROPE OPTICAL COHERENCE TOMOGRAPHY MARKET, BY REGION 2020 (%) 59

FIGURE 11 ASIA-PACIFIC OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020 (%) 70

FIGURE 12 MIDDLE EAST & AFRICA OPTICAL COHERENCE TOMOGRAPHY MARKET, BY COUNTRY 2020 (%) 78

FIGURE 13 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET, COMPANY MARKET SHARE ANALYSIS 2020 (%) 87

FIGURE 14 GLOBAL OPTICAL COHERENCE TOMOGRAPHY MARKET COMPETITIVE LANDSCAPE 2020 (%) 88

Optical Coherence Tomography Market

Optical Coherence Tomography Market to reach USD 15.50 Billion by 2030 at 15.5% CAGR

Segmentation

By Technology Sd Oct Swept Source Oct
By Application Cardiology Ophthalmology Dermatology
By Type Of Devices Handheld Tabletop Catheter Based Oct Devices

Key Players

  • Carl Zeiss AG
  • Alcon
  • Abbott Laboratories
  • Terumo Corporation
  • KONINKLIJKE PHILIPS N.V
  • Braun Melsungen AG
  • Boston Scientific Corporation
  • Topcon Corporation
  • NIDEK Co. Ltd
  • Novacam Technologies Inc

Drivers

  • Technical Innovations to Bolster OCT’s Medical Applications
  • Micro-Optical Coherence Tomography to Emerge as a Profitable Opportunity
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Optical Coherence Tomography Market Overview


Market Research Future (MRFR) expects the Optical Coherence Tomography Market to gain a valuation of USD 15.50 Billion by 2030 at 15.5% CAGR, in view of the rising burden of eye diseases worldwide and the surge in technological innovations.


COVID-19 Analysis


In response to the COVID-19 outbreak, medical and healthcare industries are boosting their efforts to revive operations and services. The optical coherence industry has been gearing up to address the challenges posed by the SARS-CoV-2 pandemic, which include revenue loss, economic downfall and weakened demand among end-users.


Optical coherence tomography manufacturers are striving to ramp up their production capacity, while exploring innovative methods to bolster their presence, such as collaborations with firms outside the sector, open-source designing of equipment, and deployment of skilled healthcare employees to cater to health needs. These initiatives by players in the face of the novel coronavirus and the lockdown can be favorable for the optical coherence tomography market in the near future.


Market Dynamics


Drivers


Technical Innovations to Bolster OCT’s Medical Applications


Various experts and healthcare professionals claim that the optical coherence tomography has not been exploited completely and has a considerable growth potential. As of now, efforts are being made to enhance the scanning speed, accuracy, resolution power and multimodal imaging. Lately, hybridization of angiography with OCT for development of OCT angiography devices has gained prevalence in the medical field, resulting in emergence of new cardiovascular applications. OCT is a cutting-edge technology that helps address several public health ailments like diabetic retinopathy, non-melanoma skin cancer, cardiovascular disease, age-related Macular Disease, prostate cancer, barett’s esophagus, to name a few. It is also projected to penetrate medical applications beyond ophthalmology, such as in the life sciences industry.


The rising need for non-invasive, label-free, in vivo imaging methods for diagnosing and monitoring various pathologies is fostering the demand for OCT. This demand is especially strong in developing nations like such as China and India. The latest optical coherence tomography market trends observed include the increased focus of players on developing low-cost, portable and compact OCT systems with basic applications including dentistry, dermatology and more.


Opportunities


Micro-Optical Coherence Tomography to Emerge as a Profitable Opportunity


Mounting popularity of micro optical coherence tomography could be a huge opportunity in the years to come, with miniaturization and improvements in device designing currently being the key focus areas. Market participants are concentrating on conducting researches to develop “OCT in a chip” that is anticipated to go commercial in the next couple of years, depending on regulatory compliance as well as approval procedures. As of now, micro-optical coherence tomography is one of the prominent optical coherence tomography market trends picking up pace in the global industry.


Restraints


Unfavorable Medical Reimbursement Schemes to Restrain Growth


Lack of favorable medical reimbursement schemes along with limited clinical data are top deterrents in the optical coherence tomography market.


Challenges


Dearth of Skilled Medical Professionals to be a Huge Challenge


Shortage of effective equipment and dearth of skilled medical professionals that can use devices related to optical coherence tomography can prove to be massive challenges for the top companies in the global optical coherence tomography market.


Cumulative Growth Analysis


The Market Size to Soar at a Strong Rate


MRFR believes that the optical coherence tomography market size can expand at a rate of 8.9% over the appraisal period.


Segment Overview


SD-OCT to Command the Global Market


Depending on technology, the optical coherence tomography market can be categorized into swept-source OCT, spectral-domain OCT (SD-OCT), and others. Spectral domain optical coherence tomography (SD-OCT) is on track to achieve the biggest share of 60.1% over the given period, while swept-source OCT segment can grow at the fastest pace of 9.1% during the same period.


Ophthalmology Segment to be the Top Application


OCT’s top applications are oncology, cardiology, dermatology, ophthalmology and more. The ophthalmology segment can most likely take the commanding position with the highest share of 53.6% in the market, while the dermatology segment could procure the fastest growth rate of 9.3% during the forecast period.


Handheld OCT Devices to Witness Strong Demand


The primary types of devices considered in the MRFR report include tabletop OCT devices, catheter-based OCT devices, handheld OCT devices, and others. Over the years, there have been major advances in handheld OCT devices, allowing high-resolution retinal imaging in young children and infants and also helping physicians in the early detection of several retinal disorders, such as diabetic retinopathy, macular degeneration and glaucoma. As a result, it is expected that the handheld OCT devices segment can make significant progress in the years ahead.


Regional Analysis


America to Grab Lion’s Share in the Global Market


The Americas can touch USD 558.34 million by 2023 and is currently the most profitable market for optical coherence tomography, profiting majorly from the rising prevalence of diabetic retinopathy, coupled with the huge number of affluent vendors present in the region. Increased use of OCT macular degeneration, glaucoma and conditions related to retina such as vitreous traction and central serous retinopathy in the region also benefits the regional market. Retinal optical coherence tomography and optical coherence tomography cardiology have emerged as highly lucrative segments in the American market over the past few years, owing to the surge in various eye and heart related disorders in the region. Also, favorable medical insurance schemes that help patients cover the optical coherence tomography cost, in terms of treatment, have bolstered the optical coherence tomography market size as well.


Asia Pacific to Clinch the Fastest CAGR during the forecast period


Asia Pacific is the fastest emerging market and could procure a CAGR of 9.4% during the foecast period, in view of the expanding obesity population base, rising stress, and prevalence of unhealthy lifestyle among people. These factors are resulting in higher cases of diabetes and other chronic ailments in the region, which fosters the demand for optical coherence tomography technology. The government funds new advanced technologies and promote innovative treatment options, prompting a surge in research and development activities for the same. India and China are home to a number of reputed companies that cater to the vast patient pool suffering from diabetes and a burgeoning aging population.


Competitive Landscape


Rigorous R&D Activities to be the Top Favored Strategy among Firms


The optical coherence tomography market observes rigorous R&D efforts, the introduction of various innovative products as well as innovative hybridized technology, as players are doing everything in their capacity to bolster their positions.


Novacam Technologies Inc. is one of the leading optical coherence tomography companies, which develops and produces high-precision advanced 3D metrology systems for applications bio-medicine and more. The company’s products are based on low-coherence interferometry and have non-contact fiber-based scanning probes. Novacam is proactively seeking new ways to bolster its market position, by partnering with OEMs and system integrators that want to incorporate the vendor’s innovative LCI-based components into standard assemblies for vertical industries.


List of Key Companies Covered in this Report



  • Carl Zeiss AG

  • Alcon

  • Abbott Laboratories

  • Terumo Corporation

  • KONINKLIJKE PHILIPS N.V

  • Braun Melsungen AG

  • Boston Scientific Corporation

  • Topcon Corporation

  • NIDEK Co. Ltd

  • Novacam Technologies Inc

  • OPTOPOL Technology S.A

  • Heidelberg Engineering GmbH

  • Optovue

  • Michelson Diagnostics

  • Thorlabs Inc.

  • Agfa Healthcare

  • Imalux Corporation


Recent Developments



  • November 2020 – A researchers’ team from the Severance Hospital (US) has created a machine learning-backed fractional flow reserve prediction technology that makes extensive use of optical coherence tomography images as well as patient biometric information. This technology helps in the treatment of patients that undergo coronary intervention surgery and can be a huge hit in the intravascular optical coherence tomography OCT imaging systems market over the coming years.



  • December 2020 – RetinAI Medical AG has collaborated with Novartis Pharma AG, which entails RetinAI’s artificial intelligence tools to be deployed for supporting various projects in ophthalmology as well as digital health. The agreement backs a multi-center clinical study that focuses on examining the effects of optical coherence tomography image with the use of Artificial Intelligence (AI) on the review of the disease activity. The study is expected to catapult Novartis’ position in the optical coherence tomography for ophthalmology market.


Report Overview


Segmentation Table


Global Optical Coherence Tomography Market By Technology



  • Spectral-Domain OCT (SD-OCT)

  • Swept-Source OCT


Global Optical Coherence Tomography Market By Application



  • Cardiology

  • Ophthalmology

  • Dermatology

  • Oncology


Global Optical Coherence Tomography Market By Type of Devices



  • Handheld OCT Devices

  • Table Top OCT Devices

  • Catheter Based OCT Devices



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 15.50 Billion
  CAGR   15.5% CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Technology, Application, Type Of Devices
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Carl Zeiss AG, Alcon, Abbott Laboratories, Terumo Corporation, KONINKLIJKE PHILIPS N.V, Braun Melsungen AG, Boston Scientific Corporation, Topcon Corporation, NIDEK Co. Ltd, Novacam Technologies Inc, OPTOPOL Technology S.A, Heidelberg Engineering GmbH, Optovue, Michelson Diagnostics, Thorlabs Inc., Agfa Healthcare, Imalux Corporation
  Key Market Opportunities   Micro-Optical Coherence Tomography to Emerge as a Profitable Opportunity
  Key Market Drivers   Technical Innovations to Bolster OCT’s Medical Applications


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Frequently Asked Questions (FAQ) :

Optical Coherence Tomography Market is projected to reach USD 15.50 Billion by 2030 at 15.5% CAGR.

Rising prevalence of eye disease is adding market growth.

It finds wide application in dermatology, ophthalmology, and cardiology.

The Americas is expected to lead the Optical Coherence Tomography Market.