The North America Optical Coherence Tomography (OCT) Market should witness market growth of 8.2% CAGR during the forecast period (2022-2028).
OCT can now be used in various medical disciplines. The optical attenuation caused by tissue absorption and scattering limits the imaging depth. Yet, imaging can be accomplished in most tissues up to 2 - 3 mm deep. This scale is comparable to what traditional biopsies and histology generally image. In addition, OCT has a resolution 10-100 times greater than conventional clinical ultrasound. OCT has been used in vitro to image artery pathology and can distinguish between different plaque forms.
In vitro imaging research has also been carried out to look into potential uses in rheumatology, dermatology, gastrointestinal, urology, gynecology, surgery, and neurosurgery. OCT has also been used in vivo to examine biological specimens in development, including tadpoles and embryos from Rana pipiens, Xenopus laevis, and Brachyodanio rerio. OCT has potential uses in developmental biology since it makes it possible to repeatedly image-changing morphology without sacrificing specimens.
The rising prevalence of eye disorders, rising adoption of cutting-edge technologies like Fourier domain OCT systems in industrial and clinical applications, favorable government support, and the presence of top optical coherence tomography equipment manufacturers all contribute to the growth of the US optical coherence tomography market. Similarly, growing industrial applications for optical coherence tomography systems, such as industrial quality control and non-destructive testing, will increase the size of the region's optical coherence tomography (OCT)market. Advantageous medical insurance plans that help patients pay for their OCTtreatments have also contributed to this technology's substantial share of the North American market. Hence, thereby boosting the market growth in North America.
The US market dominated the North America Optical Coherence Tomography (OCT) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $555.1 million by 2028. The Canada market is poised to grow at a CAGR of 10.7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 9.7% during (2022-2028).
Based on Type, the market is segmented into Handheld OCT Devices, Tabletop OCT Devices, and Catheter-based OCT. Based on End-user, the market is segmented into Hospitals, Clinics, and Others. Based on Application, the market is segmented into Ophthalmology, Cardiovascular, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Carl Zeiss AG, Danaher Corporation, Metall Zug AG (Haag-Streit AG), Nidek Co., Ltd., Thorlabs, Inc., Topcon Corporation, Agfa-Gevaert N.V. (IG arben), Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH), and Novacam Technologies Inc.
OCT can now be used in various medical disciplines. The optical attenuation caused by tissue absorption and scattering limits the imaging depth. Yet, imaging can be accomplished in most tissues up to 2 - 3 mm deep. This scale is comparable to what traditional biopsies and histology generally image. In addition, OCT has a resolution 10-100 times greater than conventional clinical ultrasound. OCT has been used in vitro to image artery pathology and can distinguish between different plaque forms.
In vitro imaging research has also been carried out to look into potential uses in rheumatology, dermatology, gastrointestinal, urology, gynecology, surgery, and neurosurgery. OCT has also been used in vivo to examine biological specimens in development, including tadpoles and embryos from Rana pipiens, Xenopus laevis, and Brachyodanio rerio. OCT has potential uses in developmental biology since it makes it possible to repeatedly image-changing morphology without sacrificing specimens.
The rising prevalence of eye disorders, rising adoption of cutting-edge technologies like Fourier domain OCT systems in industrial and clinical applications, favorable government support, and the presence of top optical coherence tomography equipment manufacturers all contribute to the growth of the US optical coherence tomography market. Similarly, growing industrial applications for optical coherence tomography systems, such as industrial quality control and non-destructive testing, will increase the size of the region's optical coherence tomography (OCT)market. Advantageous medical insurance plans that help patients pay for their OCTtreatments have also contributed to this technology's substantial share of the North American market. Hence, thereby boosting the market growth in North America.
The US market dominated the North America Optical Coherence Tomography (OCT) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $555.1 million by 2028. The Canada market is poised to grow at a CAGR of 10.7% during (2022-2028). Additionally, The Mexico market should witness a CAGR of 9.7% during (2022-2028).
Based on Type, the market is segmented into Handheld OCT Devices, Tabletop OCT Devices, and Catheter-based OCT. Based on End-user, the market is segmented into Hospitals, Clinics, and Others. Based on Application, the market is segmented into Ophthalmology, Cardiovascular, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Carl Zeiss AG, Danaher Corporation, Metall Zug AG (Haag-Streit AG), Nidek Co., Ltd., Thorlabs, Inc., Topcon Corporation, Agfa-Gevaert N.V. (IG arben), Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH), and Novacam Technologies Inc.
Scope of the Study
By Type
- Handheld OCT Devices
- Tabletop OCT Devices
- Catheter-based OCT
By End-user
- Hospitals
- Clinics
- Others
By Application
- Ophthalmology
- Cardiovascular
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Carl Zeiss AG
- Danaher Corporation
- Metall Zug AG (Haag-Streit AG)
- Nidek Co., Ltd.
- Thorlabs, Inc.
- Topcon Corporation
- Agfa-Gevaert N.V. (IG Farben)
- Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH)
- Novacam Technologies Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. North America Optical Coherence Tomography (OCT) Market by Type
Chapter 5. North America Optical Coherence Tomography (OCT) Market by End-user
Chapter 6. North America Optical Coherence Tomography (OCT) Market by Application
Chapter 7. North America Optical Coherence Tomography (OCT) Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Abbott Laboratories
- Carl Zeiss AG
- Danaher Corporation
- Metall Zug AG (Haag-Streit AG)
- Nidek Co., Ltd.
- Thorlabs, Inc.
- Topcon Corporation
- Agfa-Gevaert N.V. (IG Farben)
- Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH)
- Novacam Technologies Inc.
Methodology
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About the Optical Coherence Tomography Market
Optical Coherence Tomography (OCT) is a non-invasive imaging technique used to obtain high-resolution cross-sectional images of biological tissue. OCT is used in a variety of medical fields, including ophthalmology, dermatology, and cardiology. It is also used in research and development of new medical treatments. OCT is based on the principles of interferometry, which uses light to measure the distance between two points. OCT is used to measure the thickness of tissue layers, detect changes in Read more
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