Optical coherence tomography (OCT) creates awareness amongst medical imaging and industrial nondestructive testing, finding its application in cardiovascular conditions and the increasing demand for high-quality healthcare services. With the rising demand for non-invasive, label-free, in vivo imaging methods for diagnosing and monitoring various pathologies diseases worldwide, people opt for products that assist them in staying fit and investing more in healthcare services. Optical coherence tomography (OCT) is an imaging technique that practices low-coherence light to capture micrometer-resolution containing 2D and 3D images from within optical scattering media. Optical coherence tomography is based on low-coherence interferometry, typically employing near-infrared light; this allows it to penetrate the scattering medium. Another optical technique is confocal microscopy, which naturally penetrates less deeply into the sample, however, with higher resolution. Optical coherence tomography has its application in medical imaging and industrial nondestructive testing (NDT). The Global Optical Coherence Tomography (OCT) Market is estimated to see healthy growth, pegged at a CAGR of around 9.1% throughout the forecast period 2020-2026.
The commercialization of healthcare and the growth of the product development process and other medical applications are adopting this optical coherence tomography (OCT). The growing aging population and the technological benefits of the device, such as the ability to visualize the in-depth structure of the eye, surface tissue, mucosal membranes, and vascular system, are the factors leading to the market growth forecast period. Moreover, it addresses several major health issues such as cardiovascular diseases, non-melanoma skin cancer, age-rated macular disease, prostate cancer, and. These, which require noninvasive, label-free, and in vivo techniques for diagnosing and monitoring, resulting in the growth of the market.
Optical coherence tomography has extended its application beyond standard diagnostic imaging. It provides a high-resolution imaging technique that can be widely used in guiding several ophthalmic procedures, such as in vitreoretinal surgical policies, cataract surgery, intraocular lens modification procedures, and laser-based vascular therapies. A newly studied AI-based algorithm can make automated referrals based on OCT images without any assistance from a physician. With the advent of Fourier domain OCT technology, there has been an increase in the imaging sensitivity and speed of optical coherence tomography (OCT) by orders of magnitude. Thus, the advancements and recent technological developments in optical coherence tomography have fostered market demand over the forecast period. Moreover, increasing investments being made by key market players for the result of various technological advancements such as the execution of computational imaging to improve resolution, and others, is anticipated to create lucrative growth opportunities for the global optical coherence tomography market in the upcoming years.
Segmentation Overview of the Global Optical Coherence Tomography (OCT) Market
The Optical Coherence Tomography (OCT) market is segmented into technology, type, and application. These major market segments are further categorized into various sub-segments to study the market in detail.
By Technology Outlook (time-domain OCT (TDOCT), frequency-domain OCT (FD-OCT), spatial encoded frequency domain OCT)
By Type Outlook (OCT Devices, Doppler Oct Devices, Handheld Oct Devices, and Table-Top Oct Devices)
By Application Outlook (Ophthalmology, Cardiology, Oncology, Dermatology, and Dentistry)
Key Players Insights
Heidelberg Engineering GmbH., Carl Zeiss AG, Leica Microsystems, Topcon Corporation, Agfa Healthcare India Pvt. Ltd., Agiltron Inc., Insight., Michelson Diagnostics Ltd, Shenzhen Moptim Imaging Technique Co., Ltd., Abbott., Canon Inc., Nikon Instruments Inc., Thorlabs, Inc., Mini probes, Haag-Streit Group, Novartis, Edmund Optics Inc., Bausch Health., OPTOPOL Technology Sp. Z o.o, MedLumics, and others are some key market players included in the research study of the global optical coherence tomography (OCT) market.
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