Optical Coherence Tomography Forecast

The OCT Market is Projected to Exceed $1.2 Billion in 2024

Optical coherence tomography imaging technology has many distinct advantages that have driven commercialization. The primary benefits are real-time subsurface images with high resolution for biomedical and industrial applications with no preparation of the target area or ionizing radiation required.

The market is expected to grow between 10% and 12% annually. The OCT market is projected to exceed $1.2 billion in 2024.

The markets segments covered are defined below:

• Ophthalmology
• Cardiology
• Other medical
• Microscopy
• Pharmaceutical
• Industrial

Methodology:

The forecast methodology is outlined below:

• Review and update the existing forecast database established from 2000 to 2019
• Survey broad spectrum of suppliers, component suppliers and end users
• Review each market segment and factor in survey and market intelligence for 2018 sales and growth beyond 2018
  • Survey input
  • Direct contact with suppliers and end users
  • Direct contact with component suppliers
  • Track related market trends
  • Track government support and funding
  • Track legislation that may impact the industry
  • Track venture capital investment
  • Track industrial investment and acquisitions
  • Track industry pricing trends
  
  
• Compare with forecasts for optical instrumentation and associated trends