The Asia Pacific Optical Coherence Tomography (OCT) Market would witness market growth of 9.8% CAGR during the forecast period (2022-2028).
The prevalence of several eye-related problems and the usage of sophisticated optical coherence tomography (OCT) for the early diagnosis of eye diseases contribute to expanding the optical coherence tomography (OCT) market size. For instance, the World Health Organization estimates that 2.2 billion individuals worldwide have difficulty seeing up close or far away. Thus, an increase in eye-related illnesses is expected to propel market expansion.
Furthermore, in addition to the causes mentioned earlier, technological developments in optical coherence tomography (OCT), like product development and improvements in diagnostic accuracy, are anticipated to contribute to the increasing utilization of the technology. In addition to developed nations, there is a growing demand for optical coherence tomography (OCT) in emerging nations like China, Brazil, and India. The market is expanding due to the increased use of optical coherence tomography (OCT) and the rise in chronic diseases. In addition, an increase in manufacturer promotional efforts and a rise in awareness of OCT also propel the demand for the technology.
Due to the existence of important firms, the market has grown in this region. Furthermore, it is projected that a rise in optical coherence tomography (OCT) use for dermatological and cardiovascular imaging will support product expansion. The enormous demand for sophisticated optical coherence tomography (OCT) in developing nations like China and India, as well as the rise in wireless and advanced OCT devices, including handheld OCTs, are the main factors propelling the demand for OCT in the region. Due to the expanding infrastructure of industries and the established presence of domestic companies in the region, Asia-Pacific presents profitable positions for key participants operating in the optical coherence tomography (OCT) market.
The China market dominated the Asia Pacific Optical Coherence Tomography (OCT) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $158.4 million by 2028. The Japan market is estimated to grow a CAGR of 9.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 10.4% during (2022 - 2028).
Based on Type, the market is segmented into Handheld OCT Devices, Tabletop OCT Devices, and Catheter-based OCT. Based on End User, the market is segmented into Hospitals, Clinics, and Others. Based on Application, the market is segmented into Ophthalmology, Cardiovascular, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Optical Coherence Tomography (OCT) Market is Projected to reach USD 2.1 Billion by 2028, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Carl Zeiss AG, Danaher Corporation, Metall Zug AG (Haag-Streit AG), Nidek Co., Ltd., Thorlabs, Inc., Topcon Corporation, Agfa-Gevaert N.V. (IG arben), Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH), and Novacam Technologies Inc.
By Type
By End User
By Application
By Country
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