The Worldwide Optical Coherence Tomography Market is expected to reach US$ 1.59 billion in 2023 from US$ 0.14 billion in 2016 with a CAGR of approximately 8.2% during the forecast period 2017-2023. Optical Coherence Technology helps to visualize entire structure of eye, vascular system. It helps to know about the surface tissues of the eye. Various eye diseases leading to serious complications drive the market across the globe. Diabetic retinopathy is a serious eye disease which has been found to be prevalent across the globe favoring the demand of these devices.
The Global Optical Coherence Tomography Market has been segmented on the basis of technology which includes Frequency Domain OCT (FD-OCT), Polarization Sensitive OCT, Spatial Encoded Frequency Domain Time Domain OCT (TDOCT) and others, on the basis of application including Cardiovascular, Ophthalmology, Oncology and others and on the basis of type of optical coherence technology devices which includes Handheld OCT devices, Catheter based OCT devices, Tabletop OCT devices and Doppler OCT devices.
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Transplant diagnostic are test which are performed during organ transplantation to identify the compatibility of the organ. This test is mainly performed to reduce the risk of the organ rejection. Organ transplantation is performed to treat organ failure such as lungs, liver, kidney and many more. Kidney is the most widely transplanted organ. According to National Kidney Foundation over 3,000 new patients are added to the kidney waiting list each month worldwide. Global Optical Coherence Tomography market is driven by increasing number of people suffering from chronic diseases which frequently leading to organ failure and adoption of stem cell therapy. Beside this increasing demand for the organ transplant, increasing prevalence of diseases like diabetes, renal diseases and many more, over consumption of alcohol and unhealthy diet has also contributed into growth of the market. Whereas limited number of donor and high cost of the diagnosis methods has restrain the growth of the market.
Key Players for Optical Coherence Tomography Market:
Some of the key players in this market are: Carl Zeiss Meditec AG, Heidelberg Engineering GmbH and Agfa Healthcare. Other players in this market are: Imalux Corporation, Michelson Diagnostics, Novacam Technologies Inc. and OPTOPOL Technology S.A
Regional Analysis of Optical Coherence Tomography Market:
Globally, Optical Coherence Tomography market consists of four regions North America, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market for optical coherence technology. The North American market for Optical Coherence Tomography is expected to grow at a CAGR of 5.11% which is expected to reach US$ 0.32 billion in 2023 from US$ 0.24 in 2016. Demand for accurate diagnosis for eyes diseases in North America. Europe is the second-largest market for Optical Coherence Tomography which is expected to grow at a CAGR of 3.20%. This is due to increase in the demand of outpatient surgeries and technological advancement in OTC. India is expected to be the emerging and fastest growing market in the region. Rising incidences of diabetic retinopathy and presence of large patient suffering from diabetes pool drive this market in Asia-pacific. The market shows steady growth in Middle East and Africa.
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Major TOC Global Optical Coherence Tomography Market Research Report- Forecast To 2023:
1 Report Prologue
2 Market Introduction
2.2 Scope Of Study
2.3 Research Objective
2.4 Assumptions & Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
4.1.1 Increasing Incidences Of Diabetic Retinopathy
4.1.2 Increasing Awareness About Eye Diseases
4.2.1 Cost Of Treatment
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