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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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