Global Optical Coherence Tomography Market – Competitive Analysis
Optical Coherence Tomography market appears to be competitive & fragmented owing to the presence of several matured & small key players forming a competitive landscape. Strategic partnership, expansion, acquisition, product & technology launch, and collaboration remain the key strategies of market players to achieve competitive advantage.
GlobalOptical Coherence Tomography Market – Overview
Optical Coherence Tomography (OCT), an emerging technology for performing high-resolution cross-sectional imaging analogous to ultrasound imaging, using light instead of sound. OCT non-invasive imaging test provide cross-section pictures retina, which helps diagnosis for glaucoma, AMD (age-related macular degeneration) and diabetic eye disease among other diseases of the retina. Similarly, these observations of retina are useful to perform coronary artery.
Precision of OCT that fits well the near-optical quality of many ophthalmological structures is the key factor driving the market growth. Rising prevalence of diseases and disorders related to the eyeshas significantly impacted the market growth of OCT, pushing the demand for new, and advanced products with higher accuracy. Simultaneously, technological advancements is another key factors driving the market growth of optical coherence tomography, globally.
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Optical Coherence Tomography Market Key Players:
Carl Zeiss AG,
KONINKLIJKE PHILIPS N.V,
B. Braun Melsungen AG,
Boston Scientific Corporation,
OPTOPOL Technology S.A,
Heidelberg Engineering GmbH,
NIDEK Co., Ltd,
Novacam Technologies Inc,
Thorlabs Inc. and Agfa Healthcare
Global Optical Coherence Tomography Market – Segmentations
MRFR has segmented the market into four key dynamics for the convenience of the report and enhanced understanding;
By Technologies: SD-OCT (spectral-domain OCT), and Swept-Source OCT among others.
By Applications: Cardiology, Ophthalmology, and Dermatology, among others.
By Type of Devices: Handheld, Table-top, and Catheter-Based OCT Devices among others.
By Regions: Europe, North America, APAC and Rest of the World.
Optical Coherence Tomography Market Regional Analysis:
The Americas hold the largest share with nearly 37% of the global market share. Increasing occurrence of diabetic retinopathy and other eye diseases is one of the key factors driving the growth of the market. Moreover, there is a strong presence of market leaders. MRFR as predicted that region will reach an evaluation of approximately USD 558.34 million by 2023.
Europe follows the Americas lead and is expected to maintain a strong second lead due to supportive government policies and research & development carried out by private players is the primary propeller for the growth of the OCT market over the forecast period. The region is expected to closely follow the growth pattern of the Americas.
The Asia-Pacific region, is predicted to be the fastest growing region with a CAGR of 9.4% during the forecast period. A massive patient population in the region with a rising incidence of eye diseases and diabetic retinopathy is expected to fuel rapid growth for the region. International market leaders are trying to enter this region, and this is likely to facilitate growth in the coming years further.
The Middle East & Africa are expected to experience limited growth. This is primarily due to the passive development in the African continent.
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Major TOC For Optical Coherence Tomography Market Research Report Forecast to 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Impact Analysis
6 Global Optical Coherence Tomography Market by Technology
7 Global Optical Coherence Tomography Market by Application
8 Global Optical Coherence Tomography Market by Type of Devices
9 Global Optical Coherence Tomography Market by Region
10 Company Landscape
11 Company Profiles
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