Optical Coherence Tomography Equipment Market

Optical Coherence Tomography Equipment Market is Appraised to be Valued US$ 1,349.1
Mn By 2027-End
A significant rise in the occurrence of cardiovascular and ophthalmologic disorders has been
recorded in recent years. As a countermeasure, state authorities and private organisations in
ophthalmic care are introducing several eye care programs for the general public. Globally, the
number of people with eye disorders has increased to a severe level, hence further escalating the
need for advanced eye care imaging and treatment. This has been observed as a major factor
fuelling the demand for optical coherence tomography of late.
A new study conducted by Future Market Insights (FMI) reveals that the global optical coherence
tomography market to grow from US$ 660.5 Mn in 2016 to US$ 1,349.1 Mn by 2027-end. This
market is expected to expand at a CAGR of 6.7% in terms of revenue between 2017 and 2027.
During this ten years of the forecast, the popularity of optical coherence tomography is expected to
grow rapidly as medical companies are laying strong emphasis on development of portable devices
in order to increase the adoption rate of such imaging technology.
Manufacturers of OCT systems are actively focusing on expanding their existing range of products.
Some of the latest OCT systems now come with multi layers analysis of the surface as well as offer
higher image resolutions. Moreover, making such systems portable and user-friendly is anticipated
to encourage their robust adoption in the near future. Also, players in the global market for optical
coherence tomography are expected to benefit from increasing medical and non-medical application
of OCT.
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In an attempt to further improve their market position, some of the leading market players are
entering into partnership, merger, sales agreement and acquisition with local manufacturers from
emerging countries. FMI in its report titled “Optical Coherence Tomography Market: Global
Industry Analysis and Opportunity Assessment, 2017–2027” has profiled leading market players
such as Leica Microsystems (Sub. Danaher), Optovue Inc., Carl Zeiss Meditec AG, Santec
Corporation, Heidelberg Engineering GmbH, OPTOPOL Technology Sp. z o.o. (Sub. Canon Inc.),
Topcon Corporation, Michelson Diagnostics Ltd, Tomophase Inc., Moptim Imaging Technique,
NIDEK CO., LTD., Sonostar Technologies Co., Limited.
Among regions, North America is expected to hold the largest share of the market during the
forecast period. By 2017-end, the region’s market is expected to reach a valuation of US$ 232.2
Mn. Meanwhile, the OCT market in Asia-Pacific excluding Japan is expected to witness the highest
growth over 2027. Owing to this, a number of leading market players such as Carl Zeiss Meditec
AG, Topcon Corporation and Heidelberg Engineering GmbH are increasing their penetration in
some of the key countries in the region, especially in China with their high-quality product types
and services.
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A new study conducted by Future Market Insights (FMI) reveals that the global optical coherence tomography market to grow from US$ 660.5 Mn in 2016 to US$ 1,349.1 Mn by 2027-end. This market is expected to expand at a CAGR of 6.7% in terms of revenue between 2017 and 2027.