Optical Coherence Tomography Market is projected to be around USD 348 billion by 2025
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Regional Outlook:<br />
According <strong>to</strong> World Health Organization in 2010, <strong>around</strong> 524 million people were aged 65 and<br />
above and th<strong>is</strong> num<strong>be</strong>r <strong>is</strong> expected <strong>to</strong> triple and reach 1.5 <strong>billion</strong> <strong>by</strong> 2050. Between 2010 and<br />
2050, the aging population in developing countries <strong>is</strong> expected <strong>to</strong> increase with more than 250<br />
percent as compared <strong>to</strong> 71 percent increase in developed countries. Such high aging population<br />
base will increase demand for diagnostic technologies including optical coherence <strong>to</strong>mography.<br />
Furthermore, technological <strong>be</strong>nefits offered <strong>by</strong> OCT such as ability <strong>to</strong> analyze in depth structure<br />
of eyes and related parts and extensive application of OCT in t<strong>is</strong>sue imaging will further drive<br />
the growth of the market. However unfavorable reimbursement scenario and absence of<br />
sufficient clinical data <strong>is</strong> expected <strong>to</strong> hamper growth of the market.<br />
Major <strong>Market</strong> Players:<br />
Some of the players operating in global market include Agfa Healthcare, Carl Ze<strong>is</strong>s Meditec AG,<br />
Heidel<strong>be</strong>rg Engineering GmbH, Imalux Corporation, Michelson Diagnostics, Novacam<br />
Technologies Inc., OPTOPOL Technology S.A., Topcon Medical Systems Inc., Thorlabs Inc and<br />
Op<strong>to</strong>vue.<br />
<strong>Optical</strong> <strong>Coherence</strong> <strong>Tomography</strong> (OCT) <strong>Market</strong> Segmentation:<br />
By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial<br />
Encoded Frequency Domain OCT, Fourier Domain OCT (FDOCT), Others<br />
By Type: Catheter based OCT devices, Doppler OCT devices, Handheld OCT devices, Table<strong>to</strong>p<br />
OCT devices<br />
By Application: Ophthalmology, Cardiovascular, Oncology, Derma<strong>to</strong>logy, Others<br />
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