A recent report published by Infinium Global Research on optical coherence tomography market provides an in-depth analysis of segments and sub-segments in the global as well as regional optical coherence tomography market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional optical coherence tomography market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global optical coherence tomography market. According to the report, the global optical coherence tomography market is projected to grow at a CAGR of 8.3% over the forecast period of 2019-2025.
The rising occurrence of ocular diseases is the major driver driving the growth of the optical coherence tomography market across the globe. Furthermore, growing applications in dermatology, oncology, cardiology, and other diseases are the other key factors for the growth of the global market. Besides, the wide use of the optical coherence tomography market in drug discovery also boosts the growth of the market. Also, the technological benefits of optical coherence tomography such as the ability to visualize in-depth structures of the eye, surface tissue, and vascular systems play a vital role in the growth of the market. However, lack of proper medical reimbursement and insufficient clinical data may hamper the growth of the market during the forecast period. Moreover, technological advancements create an opportunity for the growth of the optical coherence tomography market in the next few years.
In terms of region, the optical coherence tomography market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Among all regions, North America holds the maximum market share and is expected to dominate the global optical coherence tomography market. This is primarily due to the increase in the geriatric population in the region. This huge geriatric population also faces various ophthalmologic problems such as age-related macular degeneration, and diabetic retinopathy, amongst others. Europe is expected to be the second-largest region in the optical coherence tomography market over the forecast period. This is attributed to the well-established healthcare sector and the increasing number of advanced treatment facilities in the region. On the other side, the Asia-Pacific is anticipated to grow at a beneficial rate during the forecast period. This is mainly due to the increasing research and development activities and the increasing number of diabetic retinopathy and other eye diseases. Furthermore, the existence of growth opportunities in countries such as India, China, Korea, Malaysia and other countries of South Asia are expected to boost the growth of the market during the forecast period.
The report on the global optical coherence tomography market covers segments such as device type, application, and technology. On the basis of device type, the sub-markets include handheld OCT devices, tabletop OCT devices, catheter-based OCT devices, and doppler OCT devices. On the basis of application, the sub-markets include dermatology, cardiovascular, oncology, ophthalmology, dentistry, and cancer detection. On the basis of technology, the sub-markets include spatially encoded frequency-domain optical coherence tomography, frequency-domain optical coherence tomography, and time-domain optical coherence tomography.
The report provides profiles of the companies in the market such as Carl Zeiss Meditec AG, Agfa Healthcare, Imalux Corporation, Thorlabs Inc., OPTOPOL Technology S.A, Heidelberg Engineering GmbH, Novacam Technologies Inc., Optovue, and Michelson Diagnostics Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of optical coherence tomography market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.