Optical Coherence Tomography (OCT) Market Analysis By Technology, By Type, By Application And Segment Forecasts to 2024

  • ID: 3934163
  • Report
  • 95 pages
  • Grand View Research
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The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024. Increasing incidences of ocular diseases coupled with rising technological advancement in diagnostics is expected to boost the market for OCT based imaging devices. Furthermore, rising applications in cardiology, dermatology, oncology and other diseases is anticipated to support market growth over the forecast period.

Improvement in the design of the devices along with utility of advanced software is expected to enhance the healthcare provider’s ability to accurately diagnose and manage chronic conditions. For instance, Optovue launched AngioVue Retina in June 2016, which is expected to provide ophthalmologist with a smooth integration of the optical coherence tomography angiography technology into the workflow.

Government support towards increased diagnostic rate is another vital impact rendering driver. For instance, the U.S. FDA have launched multiple programs to facilitate routine screening of geriatric patients, which forms a large portion of the target group. Availability of favorable reimbursement, is further expected to increase the diagnostic rate for conditions such as age-related macular degeneration, retinopathy, vitreomacular traction along with various other conditions.

Further key findings from the study suggest:

The time domain segment spearheaded the optical coherence tomography market in 2015, whereas, spatially encoded domain OCT is expected 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.

Ophthalmology forms the largest application segment and is expected to lose market share over the forecast period owing to the introduction of other application and their lucrative growth trend. For instance, application of these devices for dermatology imaging is predicted to be on rise over the next few years. The ability of OCT imaging devices to non-invasively provide 3D images up to 2-3 mm depth with higher resolution than ultrasound is expected to be the driver of this growth.

Asia Pacific region is predicted to witness the fastest growth by 2024 and hold over 25.0% of the market share. Presence of growth opportunities in regions such as Korea, China, India, Malaysia and others 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.

Few of the key players include, Carl Zeiss Meditec AG, Topcon Medical Systems Inc., Optovue, Michelson Diagnostics Ltd., Heidelberg Engineering GmbH, Novacam Technologies Inc., Agfa Healthcare and Thorlabs Inc.

Carl Zeiss is a prominent participant of the OCT industry with product portfolio varying for time domain to spatially encoded frequency domain based devices. Their product Cirrus HD-OCT 5000 launched in 2013, is highly popular among ophthalmic practice.

Furthermore, the players are also developing modified components for these devices in order to meet the specific needs of clients. For instance, Thorlabs in August 2016 released, a polarization-dependent isolator and super luminescent diode which can be further customized.
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1 Research Methodology
1.1 Information procurement
1.2 Data Analysis
2 Executive Summary
3 Market Snapshot
4 Market Variables, Trends & Scope
4.1 Market Segmentation
4.2 Market size and growth prospects
4.2.1 Market driver analysis
4.2.2 Market restraint analysis
4.3 Key Opportunities Prioritized
4.4 Industry Analysis Porter’s
4.5 OCT PESTEL Analysis
5 Market Categorization 1: Technology Estimates & Trend Analysis
5.1 OCT market : Technology movement analysis
5.2 Time Domain OCT (TDOCT)
5.2.1 TDOCT market, 2013 - 2024 (USD Million)
5.3 Frequency Domain OCT (FD-OCT)
5.3.1 FD-OCT market, 2013 - 2024 (USD Million)
5.4 Spatial Encoded Frequency Domain OCT
5.4.1 Spatial Encoded Frequency Domain OCT market, 2013 - 2024 (USD Million)
5.4.1.1 Fourier Domain OCT (FDOCT)
5.4.1.2 Others
6 Market Categorization 2: Type Estimates & Trend Analysis
6.1 OCT market : Type movement analysis
6.2 Catheter based OCT devices
6.2.1 Catheter based OCT devices market, 2013 - 2024 (USD Million)
6.3 Doppler OCT devices
6.3.1 Doppler OCT devices market, 2013 - 2024 (USD Million)
6.4 Handheld OCT devices
6.4.1 Handheld OCT devices market, 2013 - 2024 (USD Million)
6.5 Tabletop OCT devices
6.5.1 Tabletop OCT devices market, 2013 - 2024 (USD Million)
7 Market Categorization 3: Application Estimates & Trend Analysis
7.1 OCT market : Application movement analysis
7.2 Ophthalmology
7.2.1 Ophthalmology market, 2013 - 2024 (USD Million)
7.3 Cardiovascular
7.3.1 Cardiovascular market, 2013 - 2024 (USD Million)
7.4 Oncology
7.4.1 Oncology market, 2013 - 2024 (USD Million)
7.5 Dermatology
7.5.1 Dermatology market, 2013 - 2024 (USD Million)
7.6 Other application
7.6.1 Other application market, 2013 - 2024 (USD Million)
8 Market Categorization 4: Regional Estimates & Trend Analysis, by Technology, Type & Application
8.1 OCT market share by region, 2015 & 2024
8.2 North America
8.2.1 North America OCT market estimates and forecasts, by technology 2013 - 2024
8.2.2 North America OCT market estimates and forecasts, by type 2013 - 2024
8.2.3 North America OCT market estimates and forecasts, by application 2013 - 2024
8.2.3.1 U.S.
8.2.3.2 Canada
8.3 Europe
8.3.1 Europe OCT market estimates and forecasts, by technology 2013 - 2024
8.3.2 Europe OCT market estimates and forecasts, by type 2013 - 2024
8.3.3 Europe OCT market estimates and forecasts, by application 2013 - 2024
8.3.3.1 UK
8.3.3.2 Germany
8.4 Asia Pacific
8.4.1 Asia Pacific OCT market estimates and forecasts, by technology 2013 - 2024
8.4.2 Asia Pacific OCT market estimates and forecasts, by type 2013 - 2024
8.4.3 Asia Pacific OCT market estimates and forecasts, by application 2013 - 2024
8.4.3.1 Japan
8.4.3.2 China
8.5 Latin America
8.5.1 Latin America OCT market estimates and forecasts, by technology 2013 - 2024
8.5.2 Latin America OCT market estimates and forecasts, by type 2013 - 2024
8.5.3 Latin America OCT market estimates and forecasts, by application 2013 - 2024
8.5.3.1 Brazil
8.5.3.2 Mexico
8.6 MEA
8.6.1 MEA OCT market estimates and forecasts, by technology 2013 - 2024
8.6.2 MEA OCT market estimates and forecasts, by type 2013 - 2024
8.6.3 MEA OCT market estimates and forecasts, by application 2013 - 2024
8.6.3.1 South Africa
9 Competitive Landscape
9.1 Strategy framework
9.2 Company Profiles
9.2.1 Afga Healthcare
9.2.1.1 Company Overview
9.2.1.2 Financial Performance
9.2.1.3 Product Benchmarking
9.2.1.4 Strategic Initiatives
9.2.2 Carl Zeiss Meditec AG
9.2.2.1 Company Overview
9.2.2.2 Financial Performance
9.2.2.3 Product Benchmarking
9.2.2.4 Strategic Initiatives
9.2.3 Heidelberg Engineering GmbH
9.2.3.1 Company Overview
9.2.3.2 Financial Performance
9.2.3.3 Product Benchmarking
9.2.3.4 Strategic Initiatives
9.2.4 Imalux Corporation
9.2.4.1 Company Overview
9.2.4.2 Financial Performance
9.2.4.3 Product Benchmarking
9.2.4.4 Strategic Initiatives
9.2.5 Michelson Diagnostics
9.2.5.1 Company Overview
9.2.5.2 Financial Performance
9.2.5.3 Product Benchmarking
9.2.5.4 Strategic Initiatives
9.2.6 Novacam Technologies Inc.
9.2.6.1 Company Overview
9.2.6.2 Financial Performance
9.2.6.3 Product Benchmarking
9.2.6.4 Strategic Initiatives
9.2.7 OPTOPOL Technology S.A.
9.2.7.1 Company Overview
9.2.7.2 Financial Performance
9.2.7.3 Product Benchmarking
9.2.7.4 Strategic Initiatives
9.2.8 Topcon Medical Systems
9.2.8.1 Company Overview
9.2.8.2 Financial Performance
9.2.8.3 Product Benchmarking
9.2.8.4 Strategic Initiatives
9.2.9 Thorlabs Inc.
9.2.9.1 Company Overview
9.2.9.2 Financial Performance
9.2.9.3 Product Benchmarking
9.2.9.4 Strategic Initiatives

List of Tables

Table 1 OCT market - Industry summary & key buying criteria
Table 2 OCT market, by region, 2013 - 2024 (USD Million)
Table 3 OCT - Key market driver analysis
Table 4 OCT - Key market restraint analysis
Table 5 North America OCT market, by region 2013 - 2024 (USD Million)
Table 6 North America OCT market, by technology, 2013 - 2024 (USD Million)
Table 7 North America Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 8 North America OCT market, by type, 2013 - 2024 (USD Million)
Table 9 North America OCT market, by application, 2013 - 2024 (USD Million)
Table 10 U.S. OCT market, by technology 2013 - 2024 (USD Million)
Table 11 U.S. Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 12 U.S. OCT market, by type, 2013 - 2024 (USD Million)
Table 13 U.S. OCT market, by application, 2013 - 2024 (USD Million)
Table 14 Canada OCT market, by technology 2013 - 2024 (USD Million)
Table 15 Canada Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 16 Canada OCT market, by type, 2013 - 2024 (USD Million)
Table 17 Canada OCT market, by application, 2013 - 2024 (USD Million)
Table 18 Europe OCT market, by region 2013 - 2024 (USD Million)
Table 19 Europe OCT market, by technology, 2013 - 2024 (USD Million)
Table 20 Europe Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 21 Europe OCT market, by type, 2013 - 2024 (USD Million)
Table 22 Europe OCT market, by application, 2013 - 2024 (USD Million)
Table 23 UK OCT market, by technology, 2013 - 2024 (USD Million)
Table 24 UK Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 25 UK OCT market, by type, 2013 - 2024 (USD Million)
Table 26 UK OCT market, by application, 2013 - 2024 (USD Million)
Table 27 Germany OCT market, by technology, 2013 - 2024 (USD Million)
Table 28 Germany Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 29 Germany OCT market, by type, 2013 - 2024 (USD Million)
Table 30 Germany OCT market, by application, 2013 - 2024 (USD Million)
Table 31 Asia Pacific OCT market, by region 2013 - 2024 (USD Million)
Table 32 Asia Pacific OCT market, by technology, 2013 - 2024 (USD Million)
Table 33 Asia Pacific Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 34 Asia Pacific OCT market, by type, 2013 - 2024 (USD Million)
Table 35 Asia Pacific OCT market, by application, 2013 - 2024 (USD Million)
Table 36 Japan OCT market, by technology, 2013 - 2024 (USD Million)
Table 37 Japan Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 38 Japan OCT market, by type, 2013 - 2024 (USD Million)
Table 39 Japan OCT market, by application, 2013 - 2024 (USD Million)
Table 40 China OCT market, by technology, 2013 - 2024 (USD Million)
Table 41 China Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 42 China OCT market, by type, 2013 - 2024 (USD Million)
Table 43 China OCT market, by application, 2013 - 2024 (USD Million)
Table 44 Latin America OCT market, by technology, 2013 - 2024 (USD Million)
Table 45 Latin America Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 46 Latin America OCT market, by type, 2013 - 2024 (USD Million)
Table 47 Latin America OCT market, by application, 2013 - 2024 (USD Million)
Table 48 Brazil OCT market, by technology, 2013 - 2024 (USD Million)
Table 49 Brazil Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 50 Brazil OCT market, by type, 2013 - 2024 (USD Million)
Table 51 Brazil OCT market, by application, 2013 - 2024 (USD Million)
Table 52 Mexico OCT market, by technology, 2013 - 2024 (USD Million)
Table 53 Mexico Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 54 Mexico OCT market, by type, 2013 - 2024 (USD Million)
Table 55 Mexico OCT market, by application, 2013 - 2024 (USD Million)
Table 56 MEA OCT market, by technology, 2013 - 2024 (USD Million)
Table 57 MEA Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 58 MEA OCT market, by type, 2013 - 2024 (USD Million)
Table 59 MEA OCT market, by application, 2013 - 2024 (USD Million)
Table 60 South Africa OCT market, by technology, 2013 - 2024 (USD Million)
Table 61 South Africa Spatially Encoded Frequency Domain OCT market, by technology, 2013 - 2024 (USD Million)
Table 62 South Africa OCT market, by type, 2013 - 2024 (USD Million)
Table 63 South Africa OCT market, by application, 2013 - 2024 (USD Million)

List of Figures

Figure 1 Global OCT: Market segmentation
Figure 2 Global OCT market, 2013-2024 (USD Million)
Figure 3 OCT: Market dynamics
Figure 4 OCT market - Porter’s analysis
Figure 5 Key opportunities prioritized
Figure 6 OCT market - PESTEL analysis
Figure 7 OCT market share, by technology, 2015 & 2024
Figure 8 TDOCT market, 2013 - 2024 (USD Million)
Figure 9 FD-OCT market, 2013 - 2024 (USD Million)
Figure 10 Spatial Encoded frequency domain OCT market, 2013 - 2024 (USD Million)
Figure 11 SDOCT market, 2013 - 2024 (USD Million)
Figure 12 FDOCT market, 2013 - 2024 (USD Million)
Figure 13 OCT market share, by type, 2015 & 2024
Figure 14 Catheter based OCT market, 2013 - 2024 (USD Million)
Figure 15 Doppler OCT devices market, 2013 - 2024 (USD Million)
Figure 16 Handheld based OCT market, 2013 - 2024 (USD Million)
Figure 17 Tabletop based OCT market, 2013 - 2024 (USD Million)
Figure 18 OCT market share, by application, 2015 & 2024
Figure 19 Ophthalmology market, 2013 - 2024 (USD Million)
Figure 20 Cardiovascular market, 2013 - 2024 (USD Million)
Figure 21 Oncology market, 2013 - 2024 (USD Million)
Figure 22 Dermatology market, 2013 - 2024 (USD Million)
Figure 23 Other application market, 2013 - 2024 (USD Million)
Figure 24 OCT market share, by region, 2015 &2024
Figure 25 North America OCT market, 2013 - 2024 (USD Million)
Figure 26 U.S. OCT market, 2013 - 2024 (USD Million)
Figure 27 Canada OCT market, 2013 - 2024 (USD Million)
Figure 28 Europe OCT market, 2013 - 2024 (USD Million)
Figure 29 UK OCT market, 2013 - 2024 (USD Million)
Figure 30 Germany OCT market, 2013 - 2024 (USD Million)
Figure 31 Asia Pacific OCT market, 2013 - 2024 (USD Million)
Figure 32 Japan OCT market, 2013 - 2024 (USD Million)
Figure 33 China OCT market, 2013 - 2024 (USD Million)
Figure 34 Latin America OCT market, 2013 - 2024 (USD Million)
Figure 35 Brazil OCT market, 2013 - 2024 (USD Million)
Figure 36 Mexico OCT market, 2013 - 2024 (USD Million)
Figure 37 MEA OCT market, 2013 - 2024 (USD Million)
Figure 38 South Africa OCT market, 2013 - 2024 (USD Million)
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