San Francisco, 15 February 2019: The Report Optical Coherence Tomography (OCT) Market Analysis By Technology (Time Domain
Based, Frequency Domain Based, Spatially Encoded Frequency Domain Based), By
Type (Catheter, Doppler OCT, Handheld, Tabletop), By Application
(Ophthalmology, Cardiovascular, Oncology, Dermatology) And Segment Forecasts to
2024
The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024, according to a new report by Grand View Research, Inc. 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.
Access Research Report of Optical Coherence Tomography Market
@ www.grandviewresearch.com/industry-analysis/optical-coherence-tomography-oct-market
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.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-imaging
Grand View Research has segmented the
global OCT market on the basis of technology, type, application and region.
Global OCT Market by Technology, 2013
- 2024 (USD Million)
·
Time Domain OCT (TDOCT)
·
Frequency Domain OCT (FD-OCT)
·
Spatial Encoded Frequency Domain OCT
Global OCT Market by Type, 2013 - 2024 (USD
Million)
·
Catheter based OCT devices
·
Doppler OCT devices
·
Handheld OCT devices
·
Tabletop OCT devices
Global OCT Market by Application, 2013
- 2024 (USD Million)
·
Ophthalmology
·
Cardiovascular
·
Oncology
·
Dermatology
·
Others
OCT Market by Region, 2013 - 2024 (USD
Million)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Optical Coherence Tomography Market@ www.grandviewresearch.com/press-release/global-optical-coherence-tomography-oct-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment