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Optical Coherence Tomography Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global optical coherence tomography market reached a value of US$ 1.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.16 Billion by 2027, exhibiting a CAGR of 13.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Optical coherence tomography (OCT) refers to a non-invasive imaging technique used to obtain high-resolution cross-sectional images of the retina. Tabletop and handheld are some of the commonly available types of OCT devices. They consist of an interferometer and short-pulse lasers with low coherence and a broad bandwidth light source. OCT is widely used in various healthcare domains, such as ophthalmology, oncology, cardiovascular, and dermatology. It is also used to detect the retinal thickness and aids in the early detection and diagnosis of retinal diseases and conditions. It also provides precise imaging of neointimal stent strut coverage in follow-up exams and assists in the easier evaluation of stent strut apposition against the vessel wall.

 

 
 

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Optical Coherence Tomography Market Trends:

The increasing incidences of retinal and choroidal disorders and visual impairments across the globe are creating a positive outlook for the market. Optical coherence tomography is widely used by an ophthalmologist for screening and diagnosing retinal-related disorders, including tear and detachment, diabetic retinopathy, macular hole, and retinitis pigmentosa. Apart from this, various product innovations, such as the introduction of higher-performing devices that assist in enhancing accuracy and improving the overall quality of eye care, are providing an impetus to the market growth. Additionally, the increasing geriatric population and rising instances of cancer are also favoring the market growth. Optical coherence tomography aids in early cancer detection and provides information on nuclear-to-cytoplasmic ratio, nuclear size and shape, and the organization and structure of glands. Other factors, including the increasing demand for early diagnosis methods, widespread product utilization in drug delivery, and significant improvements in healthcare technologies, are anticipated to drive the market further toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global optical coherence tomography market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology and application.

Breakup by Type:

 

 
 

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  • Handheld OCT Devices
  • Tabletop OCT Devices
  • Others
     

Breakup by Technology:

  • Time Domain OCT (TDOCT)
  • Frequency Domain OCT (FD-OCT)
     

Breakup by Application:

  • Dermatology
  • Ophthalmology
  • Cardiovascular
  • Oncology
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Agfa-Gevaert N.V., Agiltron Inc., Carl Zeiss AG, Haag-Streit Group, Heidelberg Engineering Inc., Leica Microsystems GmbH (Danaher Corporation), Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Terumo Corporation, Thorlabs Inc. and Topcon Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Agfa-Gevaert N.V., Agiltron Inc., Carl Zeiss AG, Haag-Streit Group, Heidelberg Engineering Inc., Leica Microsystems GmbH (Danaher Corporation), Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Terumo Corporation, Thorlabs Inc. and Topcon Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Optical Coherence Tomography Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Handheld OCT Devices
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Tabletop OCT Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Time Domain OCT (TDOCT)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Frequency Domain OCT (FD-OCT)
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Dermatology
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Ophthalmology
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Cardiovascular
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Oncology
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Abbott Laboratories
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Agfa-Gevaert N.V.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Agiltron Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Carl Zeiss AG
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 SWOT Analysis
        14.3.5    Haag-Streit Group
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Heidelberg Engineering Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Leica Microsystems GmbH (Danaher Corporation)
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Novacam Technologies Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    OPTOPOL Technology Sp. z o.o.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Terumo Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Thorlabs Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Topcon Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Optical Coherence Tomography Market: Major Drivers and Challenges
Figure 2: Global: Optical Coherence Tomography Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Optical Coherence Tomography Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Optical Coherence Tomography Market: Breakup by Type (in %), 2021
Figure 5: Global: Optical Coherence Tomography Market: Breakup by Technology (in %), 2021
Figure 6: Global: Optical Coherence Tomography Market: Breakup by Application (in %), 2021
Figure 7: Global: Optical Coherence Tomography Market: Breakup by Region (in %), 2021
Figure 8: Global: Optical Coherence Tomography (Handheld OCT Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Optical Coherence Tomography (Handheld OCT Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Optical Coherence Tomography (Tabletop OCT Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Optical Coherence Tomography (Tabletop OCT Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Optical Coherence Tomography (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Optical Coherence Tomography (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Optical Coherence Tomography (Time Domain OCT (TDOCT)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Optical Coherence Tomography (Time Domain OCT (TDOCT)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Optical Coherence Tomography (Frequency Domain OCT (FD-OCT)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Optical Coherence Tomography (Frequency Domain OCT (FD-OCT)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Optical Coherence Tomography (Dermatology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Optical Coherence Tomography (Dermatology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Optical Coherence Tomography (Ophthalmology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Optical Coherence Tomography (Ophthalmology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Optical Coherence Tomography (Cardiovascular) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Optical Coherence Tomography (Cardiovascular) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Optical Coherence Tomography (Oncology) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Optical Coherence Tomography (Oncology) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Optical Coherence Tomography (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Optical Coherence Tomography (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Optical Coherence Tomography Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Optical Coherence Tomography Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Optical Coherence Tomography Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Optical Coherence Tomography Industry: SWOT Analysis
Figure 78: Global: Optical Coherence Tomography Industry: Value Chain Analysis
Figure 79: Global: Optical Coherence Tomography Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Optical Coherence Tomography Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Optical Coherence Tomography Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Optical Coherence Tomography Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Optical Coherence Tomography Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Optical Coherence Tomography Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Optical Coherence Tomography Market: Competitive Structure
Table 7: Global: Optical Coherence Tomography Market: Key Players


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Key Questions Answered in This Report

The global optical coherence tomography market was valued at US$ 1.41 Billion in 2021.

 

We expect the global optical coherence tomography market to exhibit a CAGR of 13.40% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic had led to postponement of elective detection and diagnosis of retinal diseases to reduce the risk of the coronavirus infection upon medical equipment, thereby negatively impacting the global market for optical coherence tomography technique.

The rising incidences of retinal and choroidal disorders, along with the introduction of advanced devices which assist to enhance accuracy as well as improve the overall quality of eye care, are primarily driving the global optical coherence tomography market.

Based on the type, the global optical coherence tomography market has been segmented into handheld OCT devices, tabletop OCT devices, and others. Currently, handheld OCT devices hold the majority of the total market share.

Based on the application, the global optical coherence tomography market can be divided into dermatology, ophthalmology, cardiovascular, oncology, and others. Among these, ophthalmology exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global optical coherence tomography market include Abbott Laboratories, Agfa-Gevaert N.V., Agiltron Inc., Carl Zeiss AG, Haag-Streit Group, Heidelberg Engineering Inc., Leica Microsystems GmbH (Danaher Corporation), Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Terumo Corporation, Thorlabs Inc., and Topcon Corporation.

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