Optical Coherence Tomography Medical Imaging Market Report and Forecast 2025-2034

The global optical coherence tomography medical imaging market was valued at USD 1.63 billion in 2024, driven by the growing geriatric population across the globe. It is expected to grow at a CAGR of 10.10% during the forecast period of 2025-2034 and attain a market value of USD 4.27 billion in 2034.

Optical Coherence Tomography Medical Imaging Market Overview

Optical coherence tomography (OCT), is a non-invasive imaging method used to generate pictures to diagnose various medical conditions such as diabetes-related retinopathy and glaucoma, macular edema, and age-related macular degeneration, among others. Optical coherence tomography medical imaging is performed by measuring the amount of dim red light that reflects off of the retina and optic nerve.

Optical Coherence Tomography Medical Imaging Market Growth Drivers

Growing Prevalence of Chronic Diseases and Demand for Diagnoses to Boost Market Growth

The market is poised to be driven by the growing geriatric population and rising prevalence of chronic diseases such as diabetes. In a report released by the International Diabetes Federation, around 643 million people have been projected to be suffering from diabetes by 2030. Additionally, it is estimated that 1 in 8 adults which is about 783 million people will be living with diabetes by 2045, showcasing an increase of 46% than last recording. In the IDF Diabetes Atlas (2021), it was reported that 10.5% of adults aged between 20-79 years had diabetes but had no awareness of suffering from the condition.

These numbers showcase how the global population is anticipated to be suffering from diabetes in the forecast period. Diabetes is considered to be the root cause of several other diseases including diabetic retinopathy in which a patient’s retina is damaged due to increased blood sugar levels. Optical coherence tomography (OCT) is commonly performed to diagnose the damage. In a report published by JAMA Ophthalmology in March 2024, it was estimated that 9.6 million people in the United States were suffering from diabetic retinopathy (DR) and around 1.84 million among those were living with vision-threatening diabetic retinopathy (VTDR). Therefore, the increasing prevalence of diabetes is expected to boost the market demand for optical coherence tomography in the forecast period.

Escalating Focus on Improving Imaging Technologies to Meet Rising Optical Coherence Tomography Medical Imaging Market Demand

In June 2024, Carl Zeiss AG, a German manufacturer of optical systems and optoelectronics, announced a recent enhancement to its Cirrus 6000 OCT system. The company has developed an expanded OCT database to support and enhance the workflow of ophthalmologists. This database will enable ophthalmologists to compare OCT scan images with the ones in the database to provide more accurate, data-driven diagnosis, and treatment to patients.

Additionally, the database has now integrated the latest cybersecurity features to allow the secure handling of sensitive patient data. This latest innovation by Zeiss has showcased a substantial advancement in medical imaging and a shift towards integrated, data-driven solutions in the domain to provide accurate diagnosis and data security to patients, stimulating market development and growth in the forecast period.

Optical Coherence Tomography Medical Imaging Market Trends

The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:

Technological Advancements

The key players are showcasing substantial efforts towards improving patient experience and medical imaging technologies to enable more accurate, data-driven decision-making. This trend is poised to elevate the market value in the forecast period.

Rising Prevalence of Chronic Diseases

The market is witnessing an increase in the prevalence of chronic conditions such as diabetes, glaucoma, macular edema, and age-related macular degeneration among others, leading to diabetic retinopathy, contributing to the increased demand for optical coherence tomography.

Preference for Non-Invasive Imaging

There has been a rising preference for non-invasive diagnostic equipment and procedures among healthcare providers and patients. This is catalysing the growing demand for OCT medical imaging technology.

Increased Awareness for Early Diagnosis

The growing awareness among people about diabetes and related medical conditions such as diabetic retinopathy is playing a crucial role in increasing the adoption of OCT imaging and early diagnosis of critical medical conditions related to eye and retinal damage.

Optical Coherence Tomography Medical Imaging Market Segmentation

Market Breakup by Type:

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

Market Breakup by Technology:

• Frequency Domain OCT
• Time Domain OCT
• Spatial Encoded Frequency Domain

Market Breakup by Application:

• Oncology
• Ophthalmology
• Cardiovascular
• Dermatology
• Others

Market Breakup by End User:

• Hospitals
• Diagnostic Centers
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Optical Coherence Tomography Medical Imaging Market Share

Market Share Based on Type to Witness Substantial Growth

The segmentation by type includes Doppler OCT devices, tabletop OCT devices, catheter-based OCT devices, and handheld OCT devices. The tabletop OCT devices segment is expected to hold a significant market share in the forecast period as they have diverse applications in ophthalmology clinics and hospitals. In addition, the market is experiencing a significantly high demand for non-invasive and high-resolution medical imaging to generate more accurate and improved results, which is further contributing to the popularity of table-top OCT devices.

Optical Coherence Tomography Medical Imaging Market Analysis by Region

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are all included in the regional market analysis. North America is leading the regional market segment. The dominance can be attributed to the presence of most key players in the region. The availability of high-end, technically advanced imaging technologies also contributes to the market value. The increasing prevalence of diabetic patients in the region is a common factor contributing to an increase in the number of optical scanning by ophthalmologists including OCT.

Leading players in the Optical Coherence Tomography Medical Imaging Market

The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:

Carl Zeiss AG

Germany-based company is a global leader in the optical systems and optoelectronics industry. Carl Zeiss is known for its highly advanced and precision solutions in microscopy, medical technology, and optics.

Topcon Corporation

Topcon Corporation is a Japan-based manufacturer of optical equipment for ophthalmology and surveying. The company is known for integrating technology and innovation to improve patient care and clinical workflow.

Leica Microsystems

Leica Microsystems GmbH is based in Germany. The company specializes in manufacturing high-precision and quality optical microscopes, and other related products. The company provides advanced imaging systems including OCT solutions, widely used in research, clinical, and educational settings.

Heidelberg Engineering Inc.

The company specializes in diagnostic instruments for ophthalmology. Heidelberg is known for its advanced OCT and other imaging systems that provide high-resolution diagnostics. It provides quality products with wide applications in eye disease detection and management.

Terumo Medical Corporation

Terumo is a global leader in medical imaging technology which provides various products and solutions in medical fields such as oncology, vascular surgery, and general medicine.

Other key players in the market include Optovue, Inc., Thorlabs, Inc., OPTOPOL Technology Sp., Novacam Technologies Inc., and Michelson Diagnostics.

Key Questions Answered in the Optical Coherence Tomography Medical Imaging Market

• What was the global optical coherence tomography medical imaging market value in 2024?
• What is the global optical coherence tomography medical imaging market forecast outlook for 2025-2034?
• What are the regional markets covered in the report?
• What is market segmentation based on type?
• What is the market breakup based on technology?
• What are the major applications in the market?
• Who are the end-users in the market?
• What are the major factors aiding the global optical coherence tomography medical imaging market demand?
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints?
• Which regional market is expected to lead the market share in the forecast period?
• Which country is expected to experience expedited growth during the forecast period?
• What are the major global optical coherence tomography medical imaging market trends?
• Which application will dominate the market share?
• Which technology is expected to have a high market value in the coming years?
• Which end-user is projected to contribute to the highest market growth?
• Who are the key players involved in the optical coherence tomography medical imaging market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

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