The global optical coherence tomography medical imaging market was valued at USD 1632.23 Million in 2024, driven by the growing geriatric population across the globe. It is expected to grow at a CAGR of 10.10% during the forecast period of 2025-2034 and attain a market value of USD 4272.23 Million in 2034.
Optical Coherence Tomography Medical Imaging Market Overview
Optical coherence tomography (OCT), is a non-invasive imaging method used to generate pictures to diagnose various medical conditions such as diabetes-related retinopathy and glaucoma, macular edema, and age-related macular degeneration, among others. Optical coherence tomography medical imaging is performed by measuring the amount of dim red light that reflects off of the retina and optic nerve.
Optical Coherence Tomography Medical Imaging Market Growth Drivers
Growing Prevalence of Chronic Diseases and Demand for Diagnoses to Boost Market Growth
The market is poised to be driven by the growing geriatric population and rising prevalence of chronic diseases such as diabetes. In a report released by the International Diabetes Federation, around 643 million people have been projected to be suffering from diabetes by 2030. Additionally, it is estimated that 1 in 8 adults which is about 783 million people will be living with diabetes by 2045, showcasing an increase of 46% than last recording. In the IDF Diabetes Atlas (2021), it was reported that 10.5% of adults aged between 20-79 years had diabetes but had no awareness of suffering from the condition.
These numbers showcase how the global population is anticipated to be suffering from diabetes in the forecast period. Diabetes is considered to be the root cause of several other diseases including diabetic retinopathy in which a patient’s retina is damaged due to increased blood sugar levels. Optical coherence tomography (OCT) is commonly performed to diagnose the damage. In a report published by JAMA Ophthalmology in March 2024, it was estimated that 9.6 million people in the United States were suffering from diabetic retinopathy (DR) and around 1.84 million among those were living with vision-threatening diabetic retinopathy (VTDR). Therefore, the increasing prevalence of diabetes is expected to boost the market demand for optical coherence tomography in the forecast period.
Escalating Focus on Improving Imaging Technologies to Meet Rising Optical Coherence Tomography Medical Imaging Market Demand
In June 2024, Carl Zeiss AG, a German manufacturer of optical systems and optoelectronics, announced a recent enhancement to its Cirrus 6000 OCT system. The company has developed an expanded OCT database to support and enhance the workflow of ophthalmologists. This database will enable ophthalmologists to compare OCT scan images with the ones in the database to provide more accurate, data-driven diagnosis, and treatment to patients.
Additionally, the database has now integrated the latest cybersecurity features to allow the secure handling of sensitive patient data. This latest innovation by Zeiss has showcased a substantial advancement in medical imaging and a shift towards integrated, data-driven solutions in the domain to provide accurate diagnosis and data security to patients, stimulating market development and growth in the forecast period.
Optical Coherence Tomography Medical Imaging Market Trends
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Technological Advancements
The key players are showcasing substantial efforts towards improving patient experience and medical imaging technologies to enable more accurate, data-driven decision-making. This trend is poised to elevate the market value in the forecast period.
Rising Prevalence of Chronic Diseases
The market is witnessing an increase in the prevalence of chronic conditions such as diabetes, glaucoma, macular edema, and age-related macular degeneration among others, leading to diabetic retinopathy, contributing to the increased demand for optical coherence tomography.
Preference for Non-Invasive Imaging
There has been a rising preference for non-invasive diagnostic equipment and procedures among healthcare providers and patients. This is catalysing the growing demand for OCT medical imaging technology.
Increased Awareness for Early Diagnosis
The growing awareness among people about diabetes and related medical conditions such as diabetic retinopathy is playing a crucial role in increasing the adoption of OCT imaging and early diagnosis of critical medical conditions related to eye and retinal damage.
Optical Coherence Tomography Medical Imaging Market Segmentation
Market Breakup by Type:
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