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Optical Coherence Tomography (OCT) Market Competitive Analysis & Forecast by 2016 – 2025

Optical Coherence Tomography is high resolution noninvasive imaging technology which is used to obtain cross sectional images of retina and optic nerve fibers. It uses light waves to produce high resolution 2D images of retina and related parts. Optical coherence tomography has evolved as one of the most important technology used in ophthalmic practices.

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Report Overview:
There are two main methods of OCT-time domain (TD) and spectral domain (SD). Time domain optical coherence tomography uses broadband optical source and a photo detector. The principle of operation is based on partial coherence where photo detector senses variation in the interference to produce cross sectional images. Recent advancements in OCT technology have enabled imaging of nontransparent tissues by use of longer wavelength to reduce scattering of light across eye surface.

One of the major applications of the technology is to use in conventional excisional biopsy by providing high depth images of pathology that cannot be obtained by use of other imaging techniques. Another important application of OCT is use in surgical interventions by enabling to see beneath the surface of tissues for surgical procedures of sensitive structures such as eye vessels and nerves. Although OCT technology is primarily used in ophthalmology, however owing to its unique property, OCT has found application in other fields such as dermatology and cardiology.

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Regional Outlook:
According to World Health Organization in 2010, around 524 million people were aged 65 and above and this number is expected to triple and reach 1.5 billion by 2050. Between 2010 and 2050, the aging population in developing countries is expected to increase with more than 250 percent as compared to 71 percent increase in developed countries. Such high aging population base will increase demand for diagnostic technologies including optical coherence tomography. Furthermore, technological benefits offered by OCT such as ability to analyze in depth structure of eyes and related parts and extensive application of OCT in tissue imaging will further drive the growth of the market. However unfavorable reimbursement scenario and absence of sufficient clinical data is expected to hamper growth of the market.

Major Market Players:
Some of the players operating in global market include Agfa Healthcare, Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics, Novacam Technologies Inc., OPTOPOL Technology S.A., Topcon Medical Systems Inc., Thorlabs Inc and Optovue.

Optical Coherence Tomography (OCT) Market Segmentation:

By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT, Fourier Domain OCT (FDOCT), Others

By Type: Catheter based OCT devices, Doppler OCT devices, Handheld OCT devices, Tabletop OCT devices

By Application: Ophthalmology, Cardiovascular, Oncology, Dermatology, Others

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News Release: Optical Coherence Tomography (OCT) Market Competitive Analysis & Forecast by 2016 – 2025
Submitted on: February 02, 2018 07:12:03 AM
Submitted by: Robin
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