SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

The Americas Dominates the Global Optical Coherence Tomography Market With 50% Market Share: Technavio
[March 17, 2017]

The Americas Dominates the Global Optical Coherence Tomography Market With 50% Market Share: Technavio

The global optical coherence tomography (OCT) market is projected to grow to USD 1.48 billion by 2021, at a CAGR of just above 8% over the forecast period, according to Technavio's latest report.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170317005322/en/

Technavio has published a new report on the global OCT market from 2017-2021. (Graphic: Business Wir ...

Technavio has published a new report on the global OCT market from 2017-2021. (Graphic: Business Wire)

In this report, Technavio covers the market outlook and growth prospects of the global optical coherence tomography (OCT) market for 2017-2021. By product type, the global market is segmented into conventional OCT systems and handheld integrated OCT systems.



 
Optical coherence tomography (OCT) is a medical imaging technique that uses light to capture high-resolution, 3D images of optical scattering media such as biological tissues. Conventional OCT systems dominate the global market, generating over 85% of the overall revenue.

Technavio's research study segments the global optical coherence tomography (OCT) market into the following regions:

  • Americas
  • EMEA
  • APAC

Americas: largest OCT market segment

"The Americas comprise the largest regional segment of the optical coherence tomography market, generating close to 50% of the overall revenue. Rising healthcare investments in the region is driving the dominance of the segment," says Srinivas Sashidhar, a lead analyst at Technavio for medical imaging research.

The US is the most important country in the region, where clinics and operating rooms are equipped with OCT imaging equipment for screening and treatment of cancer. The market is expected to showcase moderate growth during the forecast period, driven by the growing elderly population, rising use of 3-D printing technology, and the presence of leading vendors.

Request a sample report: http://www.technavio.com/request-a-sample?report=57214

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

EMEA: rising healthcare standards driving OCT market segment

Europe is expected to grow rapidly over the forecast period, driven by increased adoption of OCT eye tests and other OCT imaging techniques. The developed countries in the region are witnessing increased standards of healthcare, further boosting the adoption of optical coherence tomography. Additionally, the presence of major vendors in the market propels the market growth, leading to a high adoption rate. Another factor that will likely have a positive impact on the market is the rising number of people aged above 50, who require more extensive optical imaging devices to ensure quality treatment.

APAC: fastest growing OCT market segment

"APAC is the fastest growing regional segment, projected to showcase a CAGR of 9.7% over the forecast period. The high growth can be attributed to the rising awareness about ophthalmic disorders and the increased use of optical imaging during minimally invasive surgeries," says Srinivas.

The market segment's dependence on OCT imaging is rising due to the increasing incidences of chronic diseases. Also, low cost, the presence of key vendors, and strong distribution channels are projected to boost the market growth further, leading to high adoption rate.

The top vendors in the global optical coherence tomography (OCT) market highlighted in the report are:

  • Carl Zeiss
  • Heidelberg Engineering
  • Leica Microsystems
  • TOPCON

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments like oncology, vaccines, and urology devices. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2017 Technology Marketing Corporation. All rights reserved | Privacy Policy