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What Are the Projected Expansion Rates of the Optical Coherence Tomography Market for the Next Decade?

In recent years, the market size for optical coherence tomography has seen substantial growth. The value of the market is projected to increase from $1.89 billion in 2024 to $2.12 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.1%. Factors contributing to this growth during the historic period include the impact of the global pandemic, patient predilections, the competitive landscape, expedited research and development, regulatory backing, and the miniaturization of devices.

Anticipated to witness significant expansion in the coming years, the optical coherence tomography market is projected to reach $3.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 14.1%. This predicted surge during the forecast period can be attributed to a combination of factors such as increased spending in the healthcare sector, a rising focus on patients’ needs, and a growing prevalence of eye disorders. Key trends that will characterize the forecast period include the integration of optical coherence tomography in surgical procedures, shifts in the regulatory landscape, the rise of telemedicine and remote consultations, as well as market competition and innovation.

What Industry-Specific Factors Are Fueling the Growth of the optical coherence tomography Market?

The growth of the optical coherence tomography market is anticipated to be fueled by the escalating occurrence of eye disorders. Eye conditions such as cataract, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) are amongst the leading causes of vision impairment and blindness worldwide. The escalating prevalence of eye diseases is contributing to increasing demand for advanced diagnostic tools such as optical coherence tomography systems. For instance, the World Health Organization (WHO), a United Nations specialized agency based in Switzerland, reported that over 2.2 billion people around the globe are inflicted by vision problems caused by conditions such as refractive errors, cataracts, glaucoma, diabetic retinopathy amongst others. Age-related macular degeneration (AMD) is ranked third globally as a cause of blindness, surpassed only by cataracts and glaucoma. In the European Union (EU), it is estimated that AMD affects an average of 34 million individuals, including 22 million in the five most populous nations. It is projected that by 2050, the population of AMD patients will increase by 25%, a rise attributed to population growth and ageing. By 2050, primary open-angle glaucoma (POAG) is forecasted to affect 7.32 million Americans. Thus, the growing prevalence of eye disorders is poised to drive the growth of the optical coherence tomography market.

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Which Companies Are Redefining the Future of the Optical Coherence Tomography Market?

Major companies operating in the optical coherence tomography market are:

• Agfa-Gevaert N.V._x000D_

• Carl Zeiss Meditec AG_x000D_

• Heidelberg Engineering GmbH_x000D_

• Imalux Corporation_x000D_

• Michelson Diagnostics Limited_x000D_

What Trends Are Poised to Drive the Future Success of the Optical Coherence Tomography Market?

Technological advancements are setting the pace in the optical coherence tomography market, with industry leaders launching improved tech-based products. The motive behind these introductions is to increase their revenue contribution, remain competitive, and expand their market grip. For example, in October 2023, the US-based medical equipment firm Abbott Laboratories debuted its newest vascular imaging platform featuring the Ultreon 1.0 Software in India. This software harmoniously integrates optical coherence tomography (OCT) and artificial intelligence (AI), offering a thorough analysis of blood circulation and obstructions in coronary arteries to doctors. The cutting-edge imaging software has the capacity to automatically distinguish between calcified and non-calcified blockages, evaluate the intensity of calcium-founded blockages, and gauge vessel diameter. Besides, it helps doctors in directing precise stent placement, ensuring perfect enlargement and apposition, with real-time result display for improved accuracy during coronary stenting procedures. Abbott’s OCT technology uses near-infrared light for sharp and accurate imaging within blood vessels, allowing doctors to obtain detailed information even in complex patient anatomy.

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What Are the Major Categories and Their Growth Dynamics in the Optical Coherence Tomography Market?

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

What Are the Leading Regions in the Optical Coherence Tomography Market Expansion?

North America was the largest region in the optical coherence tomography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical coherence tomography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Core Features That Define the Optical Coherence Tomography Market?

Optical coherence tomography (OCT) is an optical biopsy and effective imaging technology for medical diagnostics that provides images of tissue in situ and in real-time. Optical coherence tomography is used for high-resolution cross-sectional imaging.

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