Industry Background:
Optical coherence tomography (OCT) is an imaging technique that uses low-coherence light to capture micrometer-resolution, two- and three-dimensional images from within optical scattering media (e.g., biological tissue). It is used for medical imaging and industrial nondestructive testing (NDT). OCT market is expected to grow in the future due to strong demand from new biomedical applications, continuous development of innovative technologies, and strong demand from developing countries such as countries from the APAC region.This growth is primarily driven by Rising Prevalence of Eye Disease
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Carl Zeiss AG (Germany), Alcon (Switzerland), Abbott Laboratories (United States), Terumo Corporation (Japan), Koninklijke Philips N.V. (Netherlands), B. Braun (Germany), Boston Scientific Corporation (United States), Topcon Corporation (Japan), NIDEK Co., Ltd (Japan), Novacam Technologies Inc. (Canada), OPTOPOL Technology S.A (Poland), Heidelberg Engineering GmbH (Germany), Optovue (United States), Michelson Diagnostics (United Kingdom), Thorlabs Inc. (United States), Agfa-Gevaert N.V. (Belgium) and Imalux Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In June 2020, Abbott announced new data from the company's LightLab Initiative that showed optical coherence tomography (OCT) imaging significantly changes how physicians decide to treat a vessel compared to traditional angiography by providing physicians improved visualization within a patient's blood vessels. Data from the study revealed physicians altered their treatment strategy in 88% of coronary artery blockages based on new information provided by OCT.The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Influencing Trend:
Technology Advancement in Optical Coherence Tomography
Market Growth Drivers:
Rising Prevalence of Eye Disease and Increasing Application of Optical Coherence Tomography
Challenges:
Intense Competition among Competitors
Restraints:
High Equipment Cost
Opportunities:
Rising Approval From Regulatory Bodies and Favorable Reimbursements
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Optical Coherence Tomography (OCT) Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Optical Coherence Tomography (OCT) Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Optical Coherence Tomography (OCT) players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Optical Coherence Tomography (OCT) Study Sheds Light on
The Optical Coherence Tomography (OCT) Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Optical Coherence Tomography (OCT) industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Optical Coherence Tomography (OCT) industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.