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Global Optical Coherence Tomography Market Report and Forecast 2023-2031

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  • 147 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797884
The global optical coherence tomography market size attained a value of USD 1,482.5 million in 2022. The market is anticipated to grow at a CAGR of 10.1% during the forecast period of 2023-2031 to attain a value of USD 3,524.4 million by 2031.

Optical Coherence Tomography Market: Introduction

Optical coherence tomography (OCT) is a non-invasive imaging technique that uses light to capture high-resolution, cross-sectional images of biological tissues, particularly the retina and the anterior segment of the eye. Developed in the 1990s, OCT has revolutionized the field of ophthalmology by providing detailed, real-time images of ocular structures, enabling the early detection and monitoring of various eye diseases and conditions.

Uses of Optical Coherence Tomography
OCT has a wide range of applications in ophthalmology, including:
  • Retinal imaging: OCT is primarily used to visualize the layers of the retina, allowing for the identification of retinal abnormalities and the assessment of retinal thickness. This is particularly important for diagnosing and monitoring conditions such as age-related macular degeneration (AMD), diabetic retinopathy, macular oedema, and retinal vein occlusions
  • Glaucoma assessment: OCT can be used to analyse the optic nerve head and the retinal nerve fibre layer, providing valuable information about the structural changes associated with glaucoma. This helps in early detection, monitoring disease progression, and evaluating the effectiveness of treatment
  • Anterior segment imaging: OCT can also be used to visualize structures in the front of the eye, such as the cornea, iris, and anterior chamber angle. This is useful for diagnosing and managing conditions like keratoconus, corneal dystrophies, and angle-closure glaucoma
  • Preoperative assessment: OCT can assist in preoperative planning for various ocular surgeries, such as cataract surgery, by providing detailed measurements of ocular structures like the corneal thickness and the depth of the anterior chamber
  • Postoperative monitoring: OCT can be used to monitor the healing process and detect complications following ocular surgeries, such as retinal detachment repair or vitreoretinal procedures
Benefits of Optical Coherence Tomography:
The use of OCT in ophthalmology offers several benefits, including:
  • Non-invasive imaging: OCT is a non-contact, non-invasive imaging technique, making it a safe and comfortable option for patients
  • High-resolution images: OCT provides high-resolution images with micrometre-scale detail, allowing for the accurate visualization and measurement of ocular structures
  • Real-time imaging: OCT captures images in real-time, enabling immediate assessment and diagnosis of eye conditions, as well as the monitoring of changes during treatment or follow-up visits
  • Early detection: OCT enables the early detection of subtle structural changes in the eye, allowing for prompt diagnosis and intervention, which can help prevent vision loss and improve patient outcomes
  • Improved patient care: The detailed information provided by OCT allows healthcare professionals to make more informed decisions regarding diagnosis, treatment, and management of various eye conditions, ultimately improving patient care and outcomes
In conclusion, optical coherence tomography has significantly impacted the field of ophthalmology by providing high-resolution, non-invasive imaging of ocular structures. This technology has numerous uses, from diagnosing and monitoring eye diseases to assisting in preoperative planning and postoperative monitoring. The benefits of OCT, such as early detection and improved patient care, make it an indispensable tool in modern eye care.

Optical Coherence Tomography Market Segmentations

The market can be categorised into technology, type, application, and major regions.

Market Breakup by Technology

  • Time Domain OCT (TDOCT)
  • Frequency Domain OCT (FD-OCT)
  • Spatial Encoded Frequency Domain OCT
  • Fourier Domain OCT (FDOCT)
  • Others

Market Breakup by Type

  • Catheter based OCT Devices
  • Doppler OCT Devices
  • Handheld OCT Devices
  • Tabletop OCT Devices

Market Breakup by Applications

  • Ophthalmology
  • Cardiovascular
  • Oncology
  • Dermatology
  • Others

Optical Coherence Tomography Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others
Optical Coherence Tomography Market Analysis
The optical coherence tomography (OCT) market has seen substantial growth due to its increasing adoption in various medical applications. OCT is a non-invasive imaging technique that utilizes light waves to create detailed cross-sectional images of tissues and structures within the body. The global OCT market is segmented by technology (Time Domain OCT, Frequency Domain OCT, and Full-Field OCT), application (ophthalmology, cardiology, oncology, and others), and end-users (hospitals, clinics, and research institutions). The market's expansion can be attributed to the rising prevalence of chronic diseases, an aging population, and advancements in OCT technology.

The OCT market's growth is primarily driven by the increasing demand for minimally invasive diagnostic procedures and the escalating need for early detection and treatment of chronic conditions. The technology has become particularly indispensable in ophthalmology for diagnosing and monitoring retinal diseases, such as glaucoma, age-related macular degeneration, and diabetic retinopathy. In addition, OCT is increasingly being utilized in cardiology to assess coronary artery conditions and in oncology for guided biopsy procedures. These factors, along with increased healthcare spending worldwide, are expected to propel the OCT market further.

Technological advancements in OCT devices have significantly contributed to the market's growth. Integration of artificial intelligence (AI) into OCT systems has led to improved image analysis and enhanced diagnostic accuracy. Furthermore, the development of portable and handheld OCT devices has made the technology more accessible and convenient, allowing for its use in a wider range of clinical settings. These innovations are expected to continue, opening up new opportunities for market expansion.

The OCT market is expected to maintain its growth trajectory, driven by increasing demand for non-invasive diagnostic techniques, a growing geriatric population, and continued technological advancements. As research continues to explore new applications and improve existing ones, OCT technology is poised to revolutionize the field of medical imaging. Efforts to reduce device costs and expand the pool of trained professionals will be crucial to ensuring the technology's widespread adoption and sustained market growth.

Despite its promising growth, the OCT market faces several challenges that could hinder its expansion. The high cost of OCT devices may limit their adoption, particularly in developing countries with constrained healthcare budgets. Moreover, there is a scarcity of skilled professionals trained to operate OCT equipment and interpret the results, which could restrict the technology's widespread implementation. Addressing these challenges will be crucial for the OCT market to reach its full potential.

Key Players in the Global Optical Coherence Tomography Market

The report gives an in-depth analysis of the key players involved in the optical coherence tomography market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • Carl Zeiss AG
  • Heidelberg Engineering GmbH
  • Leica Microsystems
  • Agfa Healthcare India Pvt. Ltd
  • Agiltron Inc
  • Michelson Diagnostics Ltd
  • Shenzhen MOPTIM Imaging Technique Co., Ltd
  • Abbott
  • Canon Inc
  • Nikon Instruments Inc
  • Thorlabs, Inc
  • Miniprobes, HAAG-STREIT GROUP
  • Novartis
  • Edmund Optics Inc
  • Bausch Health
  • OPTOPOL Technology

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Optical Coherence Tomography Market Overview
3.1 Global Optical Coherence Tomography Market Historical Value (2016-2022)
3.2 Global Optical Coherence Tomography Market Forecast Value (2023-2031)
4 Global Optical Coherence Tomography Market Landscape
4.1 Global Optical Coherence Tomography Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Optical Coherence Tomography Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Applications
4.2.3 Analysis by Technology
5 Global Optical Coherence Tomography Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Optical Coherence Tomography Market Segmentation
6.1 Global Optical Coherence Tomography Market by Technology
6.1.1 Market Overview
6.1.2 Time Domain OCT (TDOCT)
6.1.3 Frequency Domain OCT (FD-OCT)
6.1.4 Spatial Encoded Frequency Domain OCT
6.1.5 Fourier Domain OCT (FDOCT)
6.1.6 Others
6.2 Global Optical Coherence Tomography Market by Type
6.2.1 Market Overview
6.2.2 Catheter based OCT Devices
6.2.3 Doppler OCT Devices
6.2.4 Handheld OCT Devices
6.2.5 Tabletop OCT Devices
6.3 Global Optical Coherence Tomography Market by Applications
6.3.1 Market Overview
6.3.2 Ophthalmology
6.3.3 Cardiovascular
6.3.4 Oncology
6.3.5 Dermatology
6.3.6 Others
6.4 Global Optical Coherence Tomography Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Optical Coherence Tomography Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Optical Coherence Tomography Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Optical Coherence Tomography Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Optical Coherence Tomography Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Optical Coherence Tomography Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 Carl Zeiss AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Heidelberg Engineering GmbH.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Leica Microsystems
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Agfa Healthcare India Pvt. Ltd.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Agiltron Inc.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Michelson Diagnostics Ltd.
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Shenzhen MOPTIM Imaging Technique Co., Ltd.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Abbott.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Canon Inc.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Nikon Instruments Inc.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Thorlabs, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Miniprobes, HAAG-STREIT GROUP
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 Novartis
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Edmund Optics Inc.
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 Bausch Health.,
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 OPTOPOL Technology
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications
18 Global Optical Coherence Tomography Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Carl Zeiss AG
  • Heidelberg Engineering Gmbh.
  • Leica Microsystems
  • Topcon Corporation
  • Agfa Healthcare India Pvt. Ltd.
  • Agiltron Inc.
  • Michelson Diagnostics Ltd.
  • Shenzhen Moptim Imaging Technique Co. Ltd.
  • Abbott.
  • Canon Inc.
  • Nikon Instruments Inc.
  • Thorlabs, Inc.
  • Miniprobes, Haag-Streit Group
  • Novartis
  • Edmund Optics Inc.
  • Bausch Health.
  • Optopol Technology



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