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Optical coherence tomography (OCT) is a promising a non-invasive imaging technique performing real-time two and three-dimensional images of scattering samples with micrometer resolution. The main field of application of optical coherence tomography is bio-medical imaging and diagnostics. In recent times, OCT is becoming an important instrument for clinical cardiology. Alongside, new applications are emerging in various medical fields, for instance, early-stage cancer detection, surgical guidance, and early diagnosis of musculoskeletal diseases. The number of companies involved in manufacturing OCT systems has increased substantially during the last years particularly owing to its success in ophthalmology and this technology can be expected to continue to spread into various fields of application.
The optical coherence tomography market is driven by the growing application of optical coherence tomography in various medical fields, increasing approval from regulatory bodies coupled with the favourable reimbursements policies. In addition, strong demand from new biomedical applications, strong demand from developing countries such as countries from APAC region coupled with the continuous development of innovative technologies will drive the optical coherence tomography propel the market growth. However, the high cost of equipment may strongly hinder the growth of the market.
The OCT market is analysed on the basis of technology, application, device type, and geography
The various technologies utilised in optical coherence tomography market includes Time Domain Optical Coherence Tomography (TDOCT), Frequency Domain Optical Coherence Tomography (FD-OCT) and Spatially Encoded Frequency Domain Optical Coherence Tomography. Spatially Encoded Frequency Domain Optical Coherence Tomography include Spectral Domain Optical Coherence Tomography (SDOCT), Fourier Domain Optical Coherence Tomography (FDOCT). Among these, spatially encoded domain OCT is anticipated to witness lucrative growth over the forecast period. This is the most advanced technology and finds application across various domains, thereby actively contributing to the market growth over the forecast period.
Optical Coherence Tomography finds application in ophthalmology, dermatology, oncology, cardiovascular, dentistry, cancer detection etc. In ophthalmology, optical coherence tomography is accepted as a clinical standard for diagnosing and monitoring treatment of a number of retinal diseases including glaucoma, cataract, age related molecular degeration etc. In addition, OCT is becoming an important instrument for clinical cardiology. New applications are emerging in various medical fields, e. g. early-stage cancer detection, surgical guidance, and early diagnosis of musculoskeletal diseases. OCT has also proven its value as a tool for developmental biology.
The various types of the optical coherence tomography devices available in the market include catheter-based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices.
Optical Coherence Tomography Market is studied across numerous countries of key regions including, North America held the maximum revenue share of the optical coherence tomography market. However, Asia Pacific is expected to be the fastest-growing region over the forecast period. The healthcare sector in this region is expected to witness lucrative growth owing to high budget allocation to improve healthcare outcomes, presence of growth opportunities in regions such as Korea, China, India, Malaysia and other countries of South Asia are anticipated to be the vital impact rendering drivers. Furthermore, expansion of competitors and establishment of manufacturing units in the region are also anticipated to support growth
Prominent players offering optical coherence tomography products include Carl Zeiss Meditec AG, Optovue, Topcon Medical Systems Inc., Michelson Diagnostics Ltd, Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc. among others.
The OCT market is analysed on the basis of technology, application, device type, and geography. In terms of technology, the Oct market is categorised into time domain optical coherence tomography (TDOCT), frequency domain optical coherence tomography (FD-OCT) and spatially encoded frequency domain optical coherence tomography. spatially encoded frequency domain optical coherence tomography is further categorised into spectral domain optical coherence tomography (SDOCT), fourier domain optical coherence tomography (FDOCT). The market finds application in the field of ophthalmology, dermatology, oncology, cardiovascular, dentistry, cancer detection etc. On the basis of devices type, the optical coherence tomography devices market is classified into catheter-based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices. Based on geography, the OCT market is categorised into North America, Europe, APAC and Rest of the world. Prominent players offering ophthalmology PACS products include Carl Zeiss Meditec AG, Optovue, Topcon Medical Systems Inc., Michelson Diagnostics Ltd, Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc. among others.
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