Optical Coherence Tomography Market

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Optical Coherence Tomography Market To Reach USD
2.29 Billion By 2027
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The growing incidence of cancer and cardiac
diseases coupled with advancement in technology
is driving the optical coherence tomography
market. Market Size USD 1.10 Billion in 2018,
Market Growth - CAGR of 8.4, Market Trends
High application in Ophthalmology.The global
optical coherence tomography market is forecast
to reach USD 2.29 Billion by 2027, according to a
new report by Reports and Data. Optical coherence
tomography is an effective optical diagnostics
that emits a 2D view of the retina to help in
ophthalmological treatments and tests.The
market is mainly propelled by the growing need
for this technology across various domains of
healthcare and life sciences. The market has been
accentuated by the emergence of new technologies
and furthered by the growing relevance of medical
applications. The market is not only confined to
ophthalmology and has plunged across other
medical realms such as nephrology, dermatology,
and oncology.The growing need for pathological
tests and treatment is contributing to the growth
of the optical coherence tomography market. The
non-invasive characteristics of the market has
made it the prime choice in optical imaging. The
developing nations, including India and China,
have seen structural changes in their healthcare
sector that is making developmental strides. This
proliferates the demand for optical coherence
tomography devices contributing to the strength
of the market.
Market Summary
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• Further key findings from the report suggest
• The driver for advances in optical coherence
  tomography technology for imaging skin has been a
  growing interest in imaging skin cancer, mostly,
  nonmelanoma skin cancer. There are several other
  features that can be mistaken for tumors in
  optical coherence tomography images, such as
  cysts, hair follicles, and benign growths, hence,
  high image resolution is needed to distinguish
  successfully.
• Doppler optical coherence tomographycombines the
  Doppler Effect principle as a whole, which result
  in tomographic images with high resolution. There
  are two types of Doppler OCT Fourier Domain
  Doppler OCT and Time domain Doppler OCT. Due to
  high spatial resolution and velocity sensitivity,
  Doppler OCT has its own position in the field of
  biomedical research and clinical medicine.
• Growth in the incidences of diabetic retinopathy,
  along with advancement in healthcare products for
  proper and effective treatment of the patients,
  will propel the demand for the market. The
  growing adoption of innovative imaging diagnostic
  products for the treatment is expected to
  flourish the growth of the market.
• Europe captured the second largest market of
  optical coherence tomography in 2018. European
  countries such as Germany, the U.K., and others
  are expected to be the major contributors to the
  growth of the market owing to the rise in the
  number of patients affected with eye disorders.

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Market Summary

• Key Players
• Topcon Medical Systems Inc., Heidelberg
  Engineering GmbH, Carl Zeiss Meditec AG,
  Michelson Diagnostics Ltd., Agfa Healthcare,
  Novacam Technologies Inc., Thorlabs Inc., Boston
  Scientific Corporation, Abbott Laboratories, and
  Optovue, Inc., among others
• Segmentation
• For the purpose of this report, Reports and Data
  have segmented into the global Optical Coherence
  Tomography Market on the basis of type,
  technology, application, and region
• Type Outlook (Revenue, USD Billion 2016-2027)
• Catheter-based OCT devices
• Doppler OCT devices
• Handheld OCT devices
• Tabletop OCT devices
• Technology Outlook (Revenue, USD Billion
  2016-2027)
• Frequency Domain OCT (FD-OCT)
• Time Domain OCT (TDOCT)
• Spatial Encoded Frequency Domain OCT

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Market Summary

• Application Outlook (Revenue, USD Billion
  2016-2027)
• Ophthalmology
• Oncology
• Cardiovascular
• Dermatology
• Regional Outlook (Revenue, USD Billion
  2016-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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