2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers Contributing to the Growth and Expansion of the Optical Coherence Tomography Market?

The increase in eye-related illnesses is believed to be a major propellant for the expansion of the optical coherence tomography market. Eye disorders such as cataract, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) are recognized globally as major contributors to vision impairment and blindness. The heightened demand for sophisticated diagnostic tools such as optical coherence tomography systems is attributed to the surge in occurrences of these conditions. The World Health Organization (WHO), a United Nations specialized agency based in Switzerland, states that visual issues caused by refractive errors, cataract, glaucoma, diabetic retinopathy, and other conditions afflict over 2.2 billion people globally. AMD is identified as the third leading cause of blindness worldwide after cataracts and glaucoma. The European Union (EU) estimates that AMD affects an average of 34 million individuals, with 22 million residing in the five most populous countries. Predictions point towards a 25% increase in the number of AMD patients by 2050 due to population growth and ageing. The American population suffering from Primary open-angle glaucoma (POAG) is projected to reach 7.32 million by 2050. As such, the growing incidents of eye disorders are projected to propel the growth of the optical coherence tomography market.

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#How Does the ProjectedOptical Coherence Tomography Market Growth Compare Over the Forecast Period?

The market for optical coherence tomography has seen swift growth in the past few years. The market is expected to ascend from a size of $1.89 billion in 2024 to $2.12 billion in 2025, experiencing a compound annual growth rate (CAGR) of 12.1%. Factors behind the growth during the historical timeframe include the effects of the global pandemic, patient preferences, a dynamic competitive environment, swift strides in research and development, regulatory backing, and device miniaturization.

The market size for optical coherence tomography is projected to experience accelerated expansion in the forthcoming years, expanding to $3.59 billion by 2029 with a 14.1% compound annual growth rate (CAGR). The anticipated growth in this period can be explained by a rise in healthcare spending, a focus on patient-oriented strategies, and an increased incidence of eye conditions. Key trends shaping this forecast period encompass the incorporation of OCT in surgical procedures, changes in the regulatory environment, the emergence of telemedicine and virtual consultations, as well as market competition and innovation.

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What New Market Trends Are Reshaping theOptical Coherence Tomography Market and Its Opportunities?

Key advancements in technology are driving trends in the optical coherence tomography (OCT) market. Dominant players are unveiling products with cutting-edge upgrades, as well as deploying sophisticated technological solutions in a bid to increase their revenue, remain relevant in the competitive OCT market and expand their market presence. An example of this development was observed in October 2023, when a medical device company based in the US, Abbott Laboratories, launched its most recent vascular imaging platform in India, powered by Ultreon 1.0 Software. The software ingeniously merges OCT and artificial intelligence (AI), offering doctors a comprehensive evaluation of blood flow and obstructions in coronary arteries. This advanced imaging software is capable of autonomously distinguishing between calcified and non-calcified obstructions, evaluating the gravity of calcium-related obstructions, and determining vessel diameter. The software also aids physicians in achieving precise stent deployment, optimal expansion, and apposition, by providing real-time result display, which in turn offers an enhanced level of accuracy during coronary stenting procedures. Abbott’s OCT technology employs near-infrared light to deliver high-definition, precise imaging inside blood vessels. This allows doctors to gather detailed data, even when dealing with complex patient anatomical structures.

Who Are the Leading Market Players Fueling Growth in the Optical Coherence Tomography Market Trend?

Major companies operating in the optical coherence tomography market are Agfa-Gevaert N.V., Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics Limited, Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Topcon Healthcare Solutions Inc., Conavi Medical Inc., ZD Medical Inc., Excelitas Technologies Corp, Thorlabs Inc., Sonostar Technologies Co. Limited, NIDEK Co. Ltd., Leica Microsystems IR GmbH, Optovue Inc., Canon Inc., Optos Inc., Santec Corporation, Tomophase Corporation, Insight Photonic Solutions Inc., Wasatch Photonics Inc., Avinger Inc., AngioDynamics Inc., BaySpec Inc., Tornado Spectral Systems Inc., Lambda Solutions Inc., LightLab Imaging Inc., Infraredx Inc., Optoprobe Inc., Terumo Corporation, Optiscan Pty Ltd., NinePoint Medical Inc., Axsun Technologies Inc., AOT AG

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How is the Global Optical Coherence Tomography Market Segemented?

The optical coherence tomography market covered in this report is segmented –

1) By Type: Catheter-Based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices

2) By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT

3) By Application: Ophthalmology, Cardiovascular, Oncology, Dermatology, Other Applications

Subsegments:

1) By Catheter-Based OCT Devices: Intracoronary OCT, Intravenous OCT

2) By Doppler OCT Devices: Time-Domain Doppler OCT, Frequency-Domain Doppler OCT

3) By Handheld OCT Devices: Portable Retinal OCT, Portable Cardiovascular OCT

4) By Tabletop OCT Devices: Optical Coherence Tomography Angiography (OCTA), High-Resolution OCT For Research Applications

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https://www.thebusinessresearchcompany.com/customise?id=8231&type=smpGlobal Optical Coherence Tomography Market, Global Optical Coherence Tomography Market Report, Global Optical Coherence Tomography Market Trends, Global Optical Coherence Tomography Market Size

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