(I-BusinessNews.Com, November 14, 2019 ) Market Outlook:-
• Optical Coherence Tomography (OCT) is a diagnostic technique provides a cross-sectional view of the retina and images specific non-transparent tissues of other organs.
• OCT is a leading segment of the optical imaging market with a market share of approximately 72%, owing to its early diagnosis of eye-related diseases and ease of access to retinal areas.
Market Dynamics:-
• Advancements in Photonics and fiber optics field are the primary external factors that favor OCT.
• Market growth is driven by several factors such as the growing prevalence of optical diseases and diabetes, increasing demand for non-invasive surgeries, Technological advancements in healthcare, etc.,
• However, the high cost of the device is slowing down growth.
• To provide quantitative information and improve the diagnosis performance, several functional OCT methods such as polarization sensitive OCT, Doppler OCT or OCT combined with fluorescence are being investigated.
• The aim is to facilitate the manufacturing of compact, low cost and portable OCT systems to reach applications at fundamental level such as the dermatologist, dentistry, etc.,
Market Segmentation:-
Global Optical Coherence Tomography Market is segmented:-
• By Product type into Handheld, Tabletop, Doppler, Catheter-based, and others, by Volume Scan as Annular, Raster, Radial, and others.
• By Technology into Frequency Domain, Spatially Encoded Frequency Domain, Time Domain, and others.
• Application into Ophthalmology, Cardiology, Dermatology, and others.
• By End Users into Hospitals, Research Institutes, and Others.
• Geographically, the market is segmented into North America, South America, Europe, Asia Pacific, and RoW.
• North America and Europe are dominating the market mainly due to growing healthcare expenditures, advancements in healthcare and favorable government regulations in these regions.
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Competitive Landscape:-
Some of the major players are Agfa Healthcare, TOPCON, Michelson Diagnostics, Imalux Corporation, and Thorlabs.
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