Optical Coherence Tomography Market Demand And Growth Analysis 2022-28

Author : vamshee sing | Published On : 06 Mar 2023

The global optical coherence tomography market size was valued at USD 735.3 million in 2021 and is poised to grow at a significant CAGR of 7.2% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Optical Coherence Tomography Market: By Product Type (Portable/Handheld, Table Top) By Application (Ophthalmic Diagnosis, Dermatology) By Technology (Spectral Domain OCT, Swept Source OCT) By End-User (Hospitals, Clinics, Others) By Geography- Global/Region/Country Forecast to 2028.”

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Growing ageing population fuels the Optical Coherence Tomography Market:
Optical coherence tomography market report covers granular level data regarding regional market share, market size, forecast and historic market. It further aims at depicting thorough insights regarding the competitor’s overview, key market developments, their adopted strategies and company share analysis. This report also covers major market driving and constraining factors, ongoing trends and unmet needs which are hugely affecting the market growth. Significant market data is covered in this report related to market entry strategies, reimbursement scenario and regulatory framework. It then goes on to discuss about current innovations and startup’s details, which are actively operating in the marketplace.                          

Optical coherence tomography is the most commonly utilized imaging technique within the field. It assists to monitor as well as diagnose different illnesses including Neovascular Age-related Macular Degeneration (nvAMD), diabetic macular edema and glaucoma. An nvAMD patient gets such personalized treatment protocols by reducing the number of anti-VEGF injections and lessens the treatment burden in clinicians and patients as well. On the basis of application, ophthalmology sector accounted for major revenue share n the market and anticipated to obtain market revenue share over the forthcoming years. There are a few factors that fuel the optical coherence tomography market over the forecast time span are growing ageing population, increase in the preference for the non-invasive or minimally invasive diagnostic procedures and increasing prevalence of cardiovascular illnesses, diabetic retinopathy and skin cancers. 

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North America got major revenue share in the Optical Coherence Tomography Market
Among all the major regions, North America got major revenue share in optical coherence tomography market with moderate CAGR rate. Factors that are enhancing the North America market include increasing federal investment to develop OCT devices, growing geriatric population as well as increasing preference towards non-invasive diagnostic procedures. Asia Pacific Market is expected to witness considerable growth due to the large pool of aging population with ophthalmic related disorders.

There are several players working in the optical coherence tomography market are Carl Zeiss Meditec AG. (Germany), Leica Microsystems (Germany), Optovue, Incorporate. (U.S.), Heidelberg Engineering GmbH (Germany), Topcon Corporation (Japan), Tomophase, Inc.  (U.S.)  and NIDEK CO., LTD. (Japan). Major players in the market emphasize on the innovation of novel products and collaboration strategies to strengthen their market place in optical coherence tomography market. These players also aim at bringing novel products into the market.

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