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.
View
summary of this report @ http://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: http://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
o
Fourier Domain OCT (FDOCT)
o
Others
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
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-optical-coherence-tomography-oct-market
No comments:
Post a Comment