The Worldwide Optical Coherence Tomography (OCT) Market is Projected to reach USD 2.1 Billion by 2028, at a CAGR of 8.9%

Optical Coherence Tomography (OCT) Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Optical Coherence Tomography (OCT) Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 8.9% CAGR during the forecast period.

The Tabletop OCT Devices segment is showcasing a CAGR of 9.1% during (2022 - 2028). Tabletop OCT devices are a common sort of non-invasive instrument used to scan the retina in order to look for any type of eye problem when specific symptoms appear. Tabletop OCTs can't be moved and need a robust infrastructure. These devices perform extensive and accurate diagnosis as well as usually incorporate latest technologies. The increasing use of these devices is the primary factor propelling the growth of the segment.

The Hospitals segment acquired maximum revenue share in the Global Optical Coherence Tomography (OCT) Market by End-user in 2021 thereby, achieving a market value of $1.1 billion by 2028. The segment's expansion is attributable to increased hospital admissions for patients with eye problems and the availability of sophisticated optical coherence tomography (OCT). Some variables contributing to the expansion are the increasing prevalence of eye ailments like diabetic retinopathy, the increased use of OCT technologies during surgical and diagnostic operations, and the quickly growing healthcare sector.

The Cardiovascular segment has shown the growth rate of 9.2% during (2022 - 2028). OCT is utilized in cardiology to image coronary arteries to view vessel wall lumen microstructure and morphology at a resolution that is ten times greater than other techniques like intravascular ultrasounds or x-ray angiography. For this application, fiber-optic catheters with a diameter of around 1 mm are utilized to access the artery lumen using semi-invasive procedures like percutaneous coronary interventions.

The North America market dominated the Global Optical Coherence Tomography (OCT) Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $769.3 million by 2028. The Europe market is exhibiting a CAGR of 8.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 9.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/optical-coherence-tomography-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Optical Coherence Tomography (OCT) Market Segmentation

By Type

• Handheld OCT Devices
• Tabletop OCT Devices
• Catheter-based OCT

By End User

• Hospitals
• Clinics
• Others

By Application

• Ophthalmology
• Cardiovascular
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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 Farben)
• Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH)
• Novacam Technologies Inc.

Related Reports:

North America Optical Coherence Tomography (OCT) Market Size, 2028

• March-2023
• 83 Pages

LAMEA Optical Coherence Tomography (OCT) Market Size, 2028

• March-2023
• 94 Pages

Europe Optical Coherence Tomography (OCT) Market Size, 2028

• March-2023
• 92 Pages

Asia Pacific Optical Coherence Tomography (OCT) Market Size, 2028

• March-2023
• 93 Pages