Optical Coherence Tomography Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Published Date: 12-Jul-2019 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-4397 Status : Published

Global demand for optical coherence tomography market was valued at approximately USD 796.91 million in 2018 and is expected to generate revenue of around USD 1,692.3 Million by end of 2025, growing at a CAGR of around 10.2% between 2019 and 2025.

Description

The report covers forecast and analysis for the optical coherence tomography market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD million). The study includes drivers and restraints for the optical coherence tomography market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the optical coherence tomography market on a global level.

As per the report, the global demand for optical coherence tomography market was valued at approximately USD 796.91 million in 2018 and is expected to generate revenue of around USD 1,692.3 Million by end of 2025, growing at a CAGR of around 10.2% between 2019 and 2025.

Global optical coherence tomography market

Worldwide demand for optical coherence tomography is growing at a rapid pace. The demand for optical coherence tomography is expected to be driven by the rising older population and the large prevalent scope of the technology in medical science. Drugs are often detected using OCT technology. The technology is used to analyze and visualize the inner structure of the eye, vascular systems, and surface tissue. These are the main factors stimulating the growth of the optical coherence tomography (OCT) market. Biomedical applications use OCT technology intensively and are in strong demand in developing countries like the APAC region. Optical coherence tomography manufacturers are on the rise in developing nations. There is continuous development of new technologies related to optical coherence tomography. However, lack of suitable medical reimbursement options and scattered and unorganized clinical data restrain the growth of the global optical coherence tomography (OCT) market.

Based on type, the market is divided into application, type, technology, region and end user. Among the type segment, there are table-top OCT devices, handheld OCT instruments, doppler OCT instruments, catheter OCT instruments. Handheld type instruments held the largest market share in 2018. This is due to its varied uses in different medical applications and diagnosis such as in areas of pediatric retinal diseases, night blindness, and amblyopia, analysis of vision in children, vision loss and nystagmus. Among the technology segment, there are time domain OCT, frequency domain OCT, and spatial encoded frequency domain OCT. Among applications segment, there are cardiology, ophthalmology, oncology, dermatology, and dentistry. Ophthalmology segment held the largest market share in 2018. This is due to the ease of use of the instruments for the detection and treatment of retinal and choroidal disorders and the improved performance and accuracy. Hospitals, pharmaceutical companies, and diagnostic centers are the various end users in this market. Hospitals are the major end user segment which dominated the market in terms of revenue in 2018 due to the large number of patients admitted for conditions of retinal disorders.

North America is leading the global optical coherence tomography market. Countries in North America, especially the U.S. have gained largely and have made vast technological advancements in the field of medical science. This is due to the advanced medical infrastructure consisting of multiple Cath-labs, government funds established to initiate health programs and patient care and reimbursement medical policies for conditions such as OCT glaucoma.

Europe was second largest in the optical coherence tomography market in 2018. This is due to the increase in diseases such as diabetic retinopathy, diabetic retinopathy, and several eye disorders. Asia Pacific is estimated to be growing at the highest CAGR over the forecast period. There are rising number of diseases and eye disorders in Asia, resulting in several government initiatives for treatments especially in developing countries.

Some of the key players in optical coherence tomography market include Heidelberg Engineering GmbH, Michelson Diagnostics, Thorlabs Incamong, Agfa Healthcare, OPTOPOL Technology S.A., Topcon Medical Systems Inc., Carl Zeiss Meditec AG, Imalux Corporation, and Novacam Technologies Inc., among others.

Global Optical Coherence Tomography Market: Type Segment Analysis

  • Table-top OCT devices
  • Handheld OCT instruments
  • Doppler OCT instruments
  • catheter OCT instruments

Global Optical Coherence Tomography Market: Application Segment Analysis

  • Cardiology
  • Ophthalmology
  • Oncology
  • Dermatology
  • Dentistry

Global Optical Coherence Tomography Market: Technology Segment Analysis

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

Global Optical Coherence Tomography Market: End-User Segment Analysis

  • Hospitals
  • Pharmaceutical Companies
  • Diagnostic Centers
  • Other End Users

Global Optical Coherence Tomography Market: Regional Segment Analysis 

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Optical Coherence Tomography Market, 2015-2025, (USD Million)
    • 2.2. Optical Coherence Tomography Market: Market snapshot
  • Chapter 3. Global Optical Coherence Tomography Market – End User Analysis
    • 3.1. Introduction
    • 3.2. End User ecosystem analysis
    • 3.3. Application landscape
    • 3.4. Market Drivers
      • 3.4.1. Demand from developing countries such as China or India for medical equipment is seeing huge potential.
    • 3.5. Restraints
      • 3.5.1. launch of multiple products and introduction of hybridized technulogy
    • 3.6. Opportunity
      • 3.6.1. The miniaturization and enhancement in the device designing
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTEL Analysis
    • 3.11. Optical Coherence Tomography Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type Segment
      • 3.11.2. Market Attractiveness Analysis by Application Segment
      • 3.11.3. Market Attractiveness Analysis by Technology Segment
      • 3.11.4. Market Attractiveness Analysis by End User Vertical Segment
      • 3.11.5. Market Attractiveness Analysis by Regional Segment
  • Chapter 4. Global Optical Coherence Tomography Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2018
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Global Optical Coherence Tomography Market – Type Segment Analysis
    • 5.1. Global Optical Coherence Tomography Market Revenue Share, by Type, 2018 & 2025 (USD Million)
    • 5.2. Global Optical Coherence Tomography Market by Table-top OCT devices, 2015-2025 (USD Million)
    • 5.3. Global Optical Coherence Tomography Market by Handheld OCT instruments, 2015-2025 (USD Million)
    • 5.4. Global Optical Coherence Tomography Market by Doppler OCT instruments, 2015-2025 (USD Million)
    • 5.5. Global Optical Coherence Tomography Market by Catheter OCT instruments, 2015-2025 (USD Million)
  • Chapter 6. Global Optical Coherence Tomography Market – Application Segment Analysis
    • 6.1. Global Optical Coherence Tomography Market Revenue Share, by Application, 2018 & 2025 (USD Million)
    • 6.2. Global Optical Coherence Tomography Market by Cardiulogy, 2015-2025 (USD Million)
    • 6.3. Global Optical Coherence Tomography Market by Ophthalmulogy, 2015-2025 (USD Million)
    • 6.4. Global Optical Coherence Tomography Market by Onculogy, 2015-2025 (USD Million)
    • 6.5. Global Optical Coherence Tomography Market by Dermatulogy, 2015-2025 (USD Million)
    • 6.6. Global Optical Coherence Tomography Market by Dentistry, 2015-2025 (USD Million)
  • Chapter 7. Global Optical Coherence Tomography Market – Technology Segment Analysis
    • 7.1. Global Optical Coherence Tomography Market by Time Domain OCT, 2015-2025 (USD Million)
    • 7.2. Global Optical Coherence Tomography Market by Frequency Domain OCT, 2015-2025 (USD Million)
    • 7.3. Global Optical Coherence Tomography Market by Spatial Encoded Frequency Domain OCT, 2015-2025 (USD Million)
  • Chapter 8. Global Optical Coherence Tomography Market – Technology Segment Analysis
    • 8.1. Global Optical Coherence Tomography Market by Hospitals, 2015-2025 (USD Million)
    • 8.2. Global Optical Coherence Tomography Market by Pharmaceutical Companies, 2015-2025 (USD Million)
    • 8.3. Global Optical Coherence Tomography Market by Diagnostic Centers, 2015-2025 (USD Million)
    • 8.4. Global Optical Coherence Tomography Market by Other End Users, 2015-2025 (USD Million)
  • Chapter 9. Global Optical Coherence Tomography Market - Regional Analysis
    • 9.1. Global Optical Coherence Tomography Market: Regional Overview
      • 9.1.1. Global Optical Coherence Tomography Market Revenue Share, By Region, 2018 & 2025 (USD Million)
    • 9.2. North America
      • 9.2.1. North America Optical Coherence Tomography Market Revenue 2015-2025 (USD Million)
      • 9.2.2. North America Optical Coherence Tomography Market Revenue, By Type, 2015-2025 (USD Million)
      • 9.2.3. North America Optical Coherence Tomography Market Revenue, By Application, 2015-2025 (USD Million)
      • 9.2.4. North America Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
      • 9.2.5. North America Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.2.6. U.S.
        • 9.2.6.1. U.S. Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.2.6.2. U.S. Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.2.6.3. U.S. Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.2.6.4. U.S. Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.2.7. Canada
        • 9.2.7.1. Canada Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.2.7.2. Canada Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.2.7.3. Canada Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.2.7.4. Canada Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.2.8. Mexico
        • 9.2.8.1. Mexico Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.2.8.2. Mexico Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.2.8.3. Mexico Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.2.8.4. Mexico Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
    • 9.3. Europe
      • 9.3.1. Europe Optical Coherence Tomography Market Revenue 2015-2025 (USD Million)
      • 9.3.2. Europe Optical Coherence Tomography Market Revenue, By Type, 2015-2025 (USD Million)
      • 9.3.3. Europe Optical Coherence Tomography Market Revenue, By Application, 2015-2025 (USD Million)
      • 9.3.4. Europe Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
      • 9.3.5. Europe Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.3.6. UK
        • 9.3.6.1. UK Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.3.6.2. UK Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.3.6.3. UK Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.3.6.4. UK Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.3.7. France
        • 9.3.7.1. France Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.3.7.2. France Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.3.7.3. France Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million).
        • 9.3.7.4. France Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.3.8. Germany
        • 9.3.8.1. Germany Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.3.8.2. Germany Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.3.8.3. Germany Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.3.8.4. Germany Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Optical Coherence Tomography Market Revenue 2015-2025 (USD Million)
      • 9.4.2. Asia Pacific Optical Coherence Tomography Market Revenue, By Type, 2015-2025 (USD Million)
      • 9.4.3. Asia Pacific Optical Coherence Tomography Market Revenue, By Application, 2015-2025 (USD Million)
      • 9.4.4. Asia Pacific Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
      • 9.4.5. Asia Pacific Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.4.6. China
        • 9.4.6.1. China Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.4.6.2. China Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.4.6.3. China Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.4.6.4. China Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.4.7. Japan
        • 9.4.7.1. Japan Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.4.7.2. Japan Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.4.7.3. Japan Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.4.7.4. Japan Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.4.8. India
        • 9.4.8.1. India Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.4.8.2. India Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.4.8.3. India Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.4.8.4. India Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.4.9. Rest of Asia Pacific
        • 9.4.9.1. Rest of Asia Pacific Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.4.9.2. Rest of Asia Pacific Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.4.9.3. Rest of Asia Pacific Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.4.9.4. Rest of Asia Pacific Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
    • 9.5. Latin America
      • 9.5.1. Latin America Optical Coherence Tomography Market Revenue 2015-2025 (USD Million)
      • 9.5.2. Latin America Optical Coherence Tomography Market Revenue, By Type, 2015-2025 (USD Million)
      • 9.5.3. Latin America Optical Coherence Tomography Market Revenue, By Application, 2015-2025 (USD Million)
      • 9.5.4. Latin America Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million) Latin America Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.5.5.2. Brazil Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.5.5.3. Brazil Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.5.5.4. Brazil Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
        • 9.5.6.2. Rest of Latin America Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
        • 9.5.6.3. Rest of Latin America Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
        • 9.5.6.4. Rest of Latin America Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
    • 9.6. Middle East & Africa
      • 9.6.1. Middle East & Africa Optical Coherence Tomography Market Revenue 2015-2025 (USD Million)
      • 9.6.2. Middle East & Africa Optical Coherence Tomography Market Revenue, by Type, 2015-2025 (USD Million)
      • 9.6.3. Middle East & Africa Optical Coherence Tomography Market Revenue, by Application, 2015-2025 (USD Million)
      • 9.6.4. Middle East & Africa Optical Coherence Tomography Market Revenue, By Technology, 2015-2025 (USD Million)
      • 9.6.5. Middle East & Africa Optical Coherence Tomography Market Revenue, By End User Vertical, 2015-2025 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1. Heidelberg Engineering GmbH
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Type portfulio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. Michelson Diagnostics
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Type portfulio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Thorlabs Incamong
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Type portfulio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. Agfa Healthcare
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Type portfulio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. OPTOPul Technology S.A
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Type portfulio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Topcon Medical Systems Inc.
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Type portfulio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. Imalux Corporation
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Type portfulio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. Novacam Technologies Inc.
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Type portfulio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Carl Zeiss Meditec AG
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Type portfulio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments

Methodology

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