Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Global
Trends, Market Share, Industry Size, Growth, Opportunities, and Market
Forecast 2019 to 2026
The global intravascular optical coherence tomography (Oct) imaging systems market is
predicted to value over US$ 1.5 billion by the end of 2026 and growing at a CAGR of over 7%
during the forecast period, 2019 to 2026.
Optical Coherence Tomography (OCT) is a high-resolution image modality that produces crosssectional biological tissue images of micrometre resolution. It is also capable of detecting
vulnerability traits and identifying the chemical composition of atherosclerotic plaques. It is
the only tool present today which can measure the fibrous cap thickness which covers
atheroma’s lipid core which makes it an exceptional modality for detecting plaques prone to
rupture. Intravascular OCT used coherent light which is present in the infrared region of the
electromagnetic spectrum. A relatively longer wavelength is used for deeper penetration into
highly scattering media. It requires an imaging element and an optical fibre for illumination
and collection of backscattered light from the array wall, all this while pulling back the catheter
optics and rotating at high speeds through the artery lumen. Numerous coronary imaging
applications have adopted OCT and is acknowledged as safe using a sample space of a
heterogeneous and unselected group of patients in different clinical settings. Higher resolution
imaging and rapid image acquisition are some of the features that make OCT a superior
technique over other modalities used in clinical practices. Along with that, growing and
adoption of advanced technologies are expected to increase intravascular OCT adoption for
clinical trials and patient evaluation which will help the market grow even more during the
forecast period.
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Insights on Global Intravascular Optical Coherence Tomography Market:
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
As North America and Europe are developed economies, they are expected to dominate the
global market. They possess 60% share of the market and is expected to remain unchanged
during the forecast period. Asia Pacific, due to a rise in OCT imaging adoption for clinical
diagnosis, is a fast-growing market and is expected to grow at a faster rate during the forecast
period. On the other hand, due to limited adoption of OCT imaging, Latin America and Rest of
the World acquire a smaller share of the global market. But these regions have potential and
are good opportunity grounds for key market players.
By Implant Type
• Time domain intravascular OCT
• Frequency domain OCT
Frequency Domain OCT (FD-OCT) is a new and an innovative OCT technique which has a data
acquisition rate of 25mm/s which can help image acquisition during iodinated contrast
injection thus eliminating the need for balloon occlusion. It is far more efficient than Time
Domain OCT (TD-OCT) as it requires proximal balloon occlusion for an effective “clearance” of
light-attenuating RBC’s during image acquisition. Thus, FD-OCT, due to its high efficiency, will
have a higher growth rate in the North American and European market spaces during the
forecast period as it becomes easy to adopt newer technologies in a patient pool which has a
higher spending capacity. It will take some time for emerging economies to adopt FD-OCT on a
larger scale but it is expected to provide positive outcome during the forecast period.
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By End User
• Hospitals
• Diagnostics Laboratories
• Ophthalmic Clinics
• Outpatient Centres
Hospital segment dominates the global intravascular OCT market and is expected to do the
same during the forecast period. This is due to the provision of superior infrastructure and
adopting advanced technologies which are limited in case of outpatient centres and diagnostics
labs. Although this trend will mainly be seen in the developed economies. The developing
economy patient pool will still opt for an outpatient centre or an ophthalmic clinic as their
diagnostic fees are lesser as compared to hospitals and therefore these segments will also
experience a steady rise in the market during the forecast period.
Competitive Landscape:
• Abbott Laboratories
• LightLab Imaging Inc.
• Boston Scientific Corp.
• Terumo Corp.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global intravascular optical coherence
tomography (OCT) imaging systems market by region, by implant type, by end-user
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe,
Asia Pacific, Latin America, and Rest of the World
• To record evaluate and competitive landscape mapping- product launches, technological
advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core
competencies
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The global intravascular optical coherence tomography (Oct) imaging systems market is predicted to value over US$ 1.5 billion by the end of 2026 and growing at a CAGR of over 7% during the forecast period, 2019 to 2026. Optical Coherence Tomography (OCT) is a high-resolution image modality that produces cross-sectional biological tissue images of micrometre resolution.