Optical Coherence Tomography – Market Trends, Drivers, and Growth Prospects

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According to Technavio’s latest market research study, the global optical coherence tomography market is expected to grow at a CAGR of more than 8% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global optical coherence tomography market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the end-user type

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Global optical coherence tomography market for hospitals and clinics: Hospitals account for a majority of the demand for optical coherence tomography in the global market. Manufacturers of OCT are delivering their products to hospitals to improve brand image and subsequently expand their reach in the market. Furthermore, hospitals are also looking to increase efficiency by adopting these devices for the diagnosis of diabetic retinopathy, cardiovascular diseases, and dermatology.

The adoption of OCT in hospitals is likely to increase due to the growing number of hospital admittance for surgical care. In APAC, most multi-specialty hospitals have started using OCT, which fosters market growth. Apollo hospitals, for instance, a chain of private hospitals throughout India, uses OCT for a coronary angiogram,” says Barath Palada, a lead analyst at Technavio for research on medical imaging.

Global optical coherence tomography market for ASCs: The adoption of OCT in ASCs is fueled by the growing focus toward offering more consumer-friendly outpatient services and locations. ASCs have a limited number of suppliers. These centers often require third-party laboratory testing support and medical equipment for their healthcare services. Unlike large hospitals, the administration of these centers is often decentralized.

Global optical coherence tomography market for physicians’ offices: Many people are undergoing treatment in physicians’ offices due to the presence of improved patient care, availability of easy appointment rescheduling, and the presence of favorable reimbursement processing. Physicians’ office uses OCT for diabetic retinopathy and macular degeneration. The increasing preference for physicians’ offices is projected to drive the growth of this market segment during the forecast period.

The top vendors operating in the global optical coherence tomography market are:

  • Carl Zeiss
  • Heidelberg Engineering
  • Leica Microsystems
  • Topcon

Other prominent vendors in the market include Agfa HealthCare, Agiltron, DermaLumics, Insight, Michelson Diagnostics, Moptim, NinePoint Medical, Oztec, PhotoniCare, Santec, Terumo, Tomophase, Thorlabs, and St. Jude Medical.

A more detailed analysis is available in the Technavio report titled, ‘Global Optical Coherence Tomography Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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