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Optical Coherence Tomography Market – Global Industry Trends and Forecast To 2024

Global Optical Coherence Tomography Market is expected to reach USD 2.4 billion by 2024 from USD 1.1 billion in 2016, at a CAGR of 11.7% by 2024

Global Optical Coherence Tomography Market, By Type (Catheter Based OCT Device, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices), Technology (Time Domain, Frequency Domain, Spatial Encoded Frequency Domain), Application (Age-Related Macular Degeneration, Central Serous Retinopathy, Diabetic Retinopathy), End-User, By Geography – Industry Trends and Forecast To 2024

Global Optical Coherence Tomography Market is expected to reach USD 2.4 billion by 2024 from USD 1.1 billion in 2016, at a CAGR of 11.7% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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The market of optical coherence tomography is increasing now a day due to its benefits such as cost reduction which is a very important concern in today’s healthcare in developed nations such as U.S., Germany, and U.K. among others. The growth of this market is owing to its benefits such as diagnosis and treatment of skin cancers of the eyelid, ocular surface lesions, iris and ciliary body tumors, lymphoma and others. These technological superiority and cost efficiency is the main factor driving the optical coherence tomography market in the forecast period 2017 to 2024.

The global optical coherence tomography market is segmented on the basis of type, technology, application, end-user and geography.

On the basis of type the global optical coherence tomography market is segmented into catheter based OCT devices, doppler OCT devices, handheld OCT devices and tabletop OCT devices.

On the basis of technology the global optical coherence tomography market is segmented into time domain OCT, frequency domain OCT and spatial encoded frequency domain which is further sub segmented into fourier domain OCT and spectral domain OCT.

Based on application, the market is segmented into age-related macular degeneration, central serous retinopathy, diabetic retinopathy, macular edema, macular hole, macular pucker, vitreomacular traction, pre-retinal membranes, others.

On the basis of end users the global optical coherence tomography market is segmented into hospitals, research laboratories and others.

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Based on geography the Global Optical Coherence Tomography Market is segmented into:

• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

The global optical coherence tomography market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. For, instance,in January 2015, Bausch + Lomb, received 510(k) clearance from the U.S. FDA for an advanced Swept Source OCT (Optical Coherence Tomography) imaging system and updated software for its VICTUS Femtosecond Laser Platform which will provide surgeons with a new, redesigned interface.

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Some of the major companies operating in this market are:

• Bausch & Lomb Incorporated
• Johnson & Johnson
• Roche Pharmaceutical
• Essilor International S.A.
• Imalux Corporation
• Axsun Technologies (U.S)
• Topcon Medical Systems Inc.
• Avinger
• Agfa Healthcare
• Carl Zeiss Meditec AG
• Heidelberg Engineering GmbH
• Michelson Diagnostics
• Novacam Technologies Inc.
• OPTOPOL Technology
• CooperVision AG
• Abbott Medical Optics, Inc.
• Alcon, Inc.
• Canon Inc.
• HAAG-Streit Group
• Hoya Corporation
• NIDEK CO., LTD.

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm.