(MENAFN- GlobeNewsWire - Nasdaq) New York, May 26, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Optical Coherence Tomography Market" -
PRODUCT OVERVIEW:
The Optical Coherence Tomography Market was valued at 1.28 billion USD in 2021 and is expected to reach USD 4.5 billion by 2032, increasing at a CAGR of 12% during the forecast period, i.e., 2022-2032
Optical Coherence Tomography is a modern technique used for cross-sectional imaging with high resolution. Optical Coherence Tomography is a non-invasive imaging method which utilizes coherent light for capturing 2D and 3D pictures. Imaging with high depth of penetration and high resolution are the characteristics of optical coherence tomography. This method is use for examining transparent tissues and to analyse the retina condition by providing images of tissue in real time. This method is used in optical biopsy and assist in reducing the sampling errors involved with biopsy.
MARKET HIGHLIGHTS
Optical Coherence Tomography Market is expected to project a CAGR of 12% during the forecast period
The Optical Coherence Tomography Market was valued at 1.28 billion USD in 2021 and is expected to reach USD 4.5 billion by 2032, increasing at a CAGR of 12% during the forecast period, i.e., 2022-2032 owing to the factors like increasing geriatric population who require OCT in drug delivery. The rising advantages in developing economies by increasing the investments on for technical advancements is expected to drive the growth of optical coherence tomography (OCT) market.
OPTICAL COHERENCE TOMOGRAPHY MARKET: SEGMENTS
Frequency Domain Optical Coherence Tomography (FD-OCT) segment is expected to dominate in the forecast period
Optical Coherence Tomography Market is classified based on the Technology into Time Domain OCT (TDOCT), By Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT. The Frequency Domain Optical Coherence Tomography (FD-OCT) segment dominated the market in 2021 and is also expected to dominate the market with high share during the forecast period. It works by measuring interference spectrum and so referred as Spectral-Domain OCT (SD-OCT) and is a traditional technique used for examining retina of eye.
Handheld OCT device type segment is expected to dominate in the forecast period
MARKET DYNAMICS:
Growth Drivers
. Rising Number Of Patients With Eye Disorders Will Propel The Market Growth
. Advancements In Healthcare Sector Is Expected To Boost The Market Growth
Restraint
. High Cost Of Optical Coherence Tomography (OCT) Will Restrain The Market Growth
OPTICAL COHERENCE TOMOGRAPHY MARKET:
. Adtell Integration
. ADVA Optical Networking
. Adtran, Inc.
. Broadcom
. Ciena Corporation
. Logix Fiber Networks
. Corning Incorporated
. OptiLayer GmbH
. Cisco Systems, Inc
. Fujitsu Optical Components Ltd
. Lumentum Operations LLC
. Reliance Communications
. Fiber Optic Services
. Hamamatsu Photonics K.K.
. Infinera Corporation
. Other Prominent Players
OPTICAL COHERENCE TOMOGRAPHY MARKET: REGIONS
Optical Coherence Tomography Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Based on regional analysis, North America dominated the market in 2021 and is expected to dominate the market share in the global Optical Coherence Tomography market in the forecast period owing to the rising investments in R&D, increasing geriatric population and adoption of new products in the region.
Optical Coherence Tomography Market Segments:
By Technology
. Time Domain OCT (TDOCT)
. Frequency Domain OCT (FD-OCT)
. Spatial Encoded Frequency Domain OCT
By Type
. Catheter Based OCT Devices
. Doppler OCT Devices
. Handheld OCT Devices
. Table-top OCT Devices
By Application
. Clinical (Ophthalmology, Cardiology, Oncology, Dermatology, Dentistry)
. Industrial (Industrial Quality Control, Non-Destructive Testing, Others)
By Scanning Speed
. 400 A-scans/sec
. 4000 A-scans/sec
. 20000 A-scans/sec
. 32000 A-scans/sec
. 40000 A-scans/sec
. 70000 A-scans/sec
. 80000 A-scans/sec
. 100000 A-scans/sec
. 250000 A-scans/sec
Reasons to Purchase this Report.
. Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
. Provision of market value (USD Billion) data for each segment and sub-segment
. Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
. Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
. Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
. Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
. The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
. Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
Read the full report:
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