Global Optical Coherence Tomography For Ophthalmology Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2021 –2028 |
 Market Size (Base Year) |
USD 191.68 Million |
 Market Size (Forecast Year) |
USD 323.73 Million |
 CAGR |
% |
| Major Markets Players |
Global Optical Coherence Tomography for Ophthalmology Market, By Product (Handheld OCT Devices, Tabletop OCT Devices, and Catheter-Based OCT Devices), Technology (Time Domain OCT, Frequency Domain OCT, Spatial Encoded Frequency, Spectral-Domain, Swept-Source), Type (Semi- Automatic, Fully AUTOMATIC), End User (Hospital, Clinic, , ASCs, Physicians' Offices, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Optical Coherence Tomography for Ophthalmology Market
Global optical coherence tomography for ophthalmology market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account from USD 191.68 million in 2020 to USD 323.73 by 2028 growing at a CAGR of 6.77%in the above-mentioned forecast period.
The optical coherence tomography is an emerging technology which enables high-resolution and cross-sectional visualization of the retina, retinal nerve fiber layer and the optic nerve head. It is a non-invasive imaging technique and is primarily used to detect the central serous chorioretinopathy, age-related macular degeneration and diabetic retinopathy.
The surging population of elderly people is the major factor to drive the growth of the market as they are usually prone to eye related diseases such as diabetic retinopathy and age related macular degeneration. Moreover, escalation in healthcare and products development is expected to trigger the growth for optical coherence tomography for ophthalmology market. The usage of optical coherence tomography is not limited to the eye disorders it is used in various different medical procedures such as adoption of OCT in different applications in the medical field like cardiology, dermatology, ophthalmology and oncology. However, the expensive cost associated with OCT is expected to restraint growth of the market.
The development of handheld portable devices will aid in the early detection of retinal diseases, and also enables screening of a wider population which is estimated to generate new bigger opportunities within the forecast period for the market. The unfavorable reimbursements might prove as a challenge which can hamper the market’s growth.
This optical coherence tomography for ophthalmology 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 Data Bridge Market Research optical coherence tomography for ophthalmology market contact us for an Analyst Brief our team will help you take an informed market decision to achieve market growth.
Global Optical Coherence Tomography for Ophthalmology Market Scope and Market Size
Optical coherence tomography for ophthalmology market is segmented on the basis of product, technology, 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.
- Based on product, the optical coherence tomography for ophthalmology market is segmented into handheld OCT devices, tabletop OCT devices, and catheter-based OCT devices.
- On the basis of technology, the optical coherence tomography for ophthalmology market is segmented into time domain OCT, frequency domain OCT, spatial encoded frequency and spectral-domain and swept-source.
- On the basis of type, the optical coherence tomography for ophthalmology market is bifurcated into semi- automatic and fully automatic.
- On the basis of end user, the optical coherence tomography for ophthalmology market is bifurcated into hospital, clinic, ASCs, physicians' offices and others.
Optical Coherence Tomography for Ophthalmology Market Country Level Analysis
Optical coherence tomography for ophthalmology market is analyzed and market size insights and trends are provided by product, technology, type, and end user as referenced above.
The countries covered in the optical coherence tomography for ophthalmology market report are 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 optical coherence tomography for ophthalmology market due to high awareness related to healthcare and the prevalence of diabetic retinopathy within the region. On the other hand, Asia-Pacific is anticipated to have a fastest growth rate in the forecast period of 2021 to 2028 due to the rapidly increasing awareness for health and hygiene and developing healthcare infrastructure.
The country section of the optical coherence tomography for ophthalmology market 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
Optical coherence tomography for ophthalmology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for optical coherence tomography for ophthalmology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the optical coherence tomography for ophthalmology market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Global Optical Coherence Tomography for Ophthalmology Market Share Analysis
Optical coherence tomography for ophthalmology 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 optical coherence tomography for ophthalmology market.
The major players covered in the optical coherence tomography for ophthalmology market report are Tomey Corporation, ZEISS International, Heidelberg Engineering GmbH, Leica Microsystems, Agfa-Gevaert Group, Agiltron Inc., Shenzhen MOPTIM Imaging Technique Co., Ltd., Abbott, Canon Inc, HAAG-STREIT GROUP, Novartis AG, OPTOPOL Technology Sp. z o.o., MedLumics, NIDEK CO., LTD., AQUYRE Biosciences , Avo Photonics, Inc, Arden Photonics, Thorlabs Inc., and Topcon Corporation, among other domestic and global players. Market data is available for global, North America, South America, Europe, Asia-Pacific (APAC) and Middle East and Africa (MEA) separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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