Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market – Industry Trends and Forecast to 2028

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Market Analysis and Insights: Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market

The intravascular optical coherence tomography (OCT) imaging systems market is expected to witness market growth at a rate of 7.31% in the forecast period of 2021 to 2028 and is expected to reach USD 1984.34 million by 2028. Data Bridge Market Research report on physiotherapy device market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rapid advancements in the healthcare sector globally is escalating the growth of intravascular optical coherence tomography (OCT) imaging systems market.

Optical Coherence Tomography (OCT) refers to a high-resolution image modality that assists in producing cross-sectional biological tissue images of micrometre resolution. Intravascular OCT makes the use of coherent light that is present in the infrared region of the electromagnetic spectrum. A relatively longer wavelength is utilized for the deeper penetration into highly scattering media and requires an imaging element and an optical fibre for illumination and collection of backscattered light from the array wall.

The increase in demand for non-invasive technology across the globe acts as one of the major factors driving the growth of intravascular optical coherence tomography (OCT) imaging systems market. The increase in application areas of those techniques in pharmaceutical and biotechnological industries, and continuous advancements for improving the scanning speed, accuracy, resolution power and multimodal imaging accelerate the market growth. The rise in prevalence in the medical field supporting the emergence of new cardiovascular applications, and increase in adoption of cutting-edge technology as it assists in several public health ailments such as non-melanoma skin cancer, age-related Macular Disease, diabetic retinopathy and prostate cancer among others further influence the market. Additionally, increased life expectancy, improved healthcare infrastructure and increase in the aging population positively affects the intravascular optical coherence tomography (OCT) imaging systems market. Furthermore, rise in need for non-invasive, label-free, in vivo imaging methods for diagnosing and monitoring extend profitable opportunity to the market players in the forecast period of 2021 to 2028.

• On the other hand, high cost and lack of favorable medical reimbursement are expected to obstruct the market growth. Shortage of skilled personnel is projected to challenge the intravascular optical coherence tomography (OCT) imaging systems market in the forecast period of 2021-2028.

This intravascular optical coherence tomography (OCT) imaging systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on intravascular optical coherence tomography (OCT) imaging systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Scope and Market Size

The intravascular optical coherence tomography (OCT) imaging systems market is segmented on the basis of implant type, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. 

• On the basis of implant type, the intravascular optical coherence tomography (OCT) imaging systems market is segmented into time domain intravascular OCT, and frequency domain OCT.
• On the basis of end user, the intravascular optical coherence tomography (OCT) imaging systems market is segmented into implant type hospitals, diagnostics laboratories, ophthalmic clinics, and outpatient centres.

Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Country Level Analysis

The intravascular optical coherence tomography (OCT) imaging systems market is analyzed and market size insights and trends are provided by country, implant type, and end-user as referenced above.      

The countries covered in the intravascular optical coherence tomography (OCT) imaging systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the intravascular optical coherence tomography (OCT) imaging systems market because of the rise in OCT imaging adoption for clinical diagnosis within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the rise in healthcare spending in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The intravascular optical coherence tomography (OCT) imaging systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for intravascular optical coherence tomography (OCT) imaging systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the intravascular optical coherence tomography (OCT) imaging systems market. The data is available for historic period 2010-2019.

Competitive Landscape and Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Share Analysis

The intravascular optical coherence tomography (OCT) imaging systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intravascular optical coherence tomography (OCT) imaging systems market.

The major players covered in the intravascular optical coherence tomography (OCT) imaging systems market report are Carl Zeiss AG, Heidelberg Engineering GmbH., 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., Miniprobes, HAAG-STREIT GROUP, Novartis, Edmund Optics Inc.,, Bausch Health., OPTOPOL Technology Sp. z o.o, and MedLumics, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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