Optical Coherence Tomography Market Report and Forecast

Optical Coherence Tomography Market Report and Forecast

Overview
Optical coherence tomography imaging technology has many distinct advantages that have driven commercialization. The primary benefits are real time subsurface images with high resolution for biomedical and industry applications with no preparation of the target area or ionizing radiation required.


The market is expected to grow between 10% and 12% annually. The OCT market is projected to exceed $1.2 billion in 2024.



Optical Coherence Tomography Market Report and Forecast

The markets segments covered are defined below:
Ophthalmology
Cardiology
Other medical
Microscopy
Pharmaceutical
Industrial

It is anticipated that medical applications other than ophthalmology will have the fastest growth rate beyond 2020.


The market for OCT light sources and photonics components will represent about 20% and 18% of the total OCT systems market respectively in 2024.


SD-OCT is the dominant technology displacing the older TD-OCT. SS-OCT is the newest commercially available technology with advantages for deep tissue penetration.


Twenty two companies have been identified as OCT system suppliers. More than half of the companies focus on ophthalmic applications. In general, the ophthalmic focused companies are well established with worldwide distribution. Emerging markets in other medical market segments include cardiology and dermatology as well as other areas. Other emerging markets are pharmaceuticals for drug discovery and non destructive testing for industrial applications.


Optical Coherence Tomography (OCT) Forecast
OCT Forecast Motivation
Photonic Sensor Consortium Background
OCT Forecast Methodology
OCT Forecast Coverage
OCT Market
Market Driving Force
Market Forecast
Optical Imaging Worldwide Market
OCT Worldwide Market
OCT Market by Application in
OCT Market by Application in
OCT Geographic Market Estimate Comparing 2018 and
OCT Market Share By Technology (2020)
OCT Market Share by Technology in 2020 ($ Millions)
OCT Market Share By Technology (2024)
OCT Market Share by Technology in 2024 ($ Millions)
OCT Configuration Percent by Application
OCT Market (Configurations by Applications)
OCT Configurations Forecast in 2020 ($ millions)
OCT Market (Configurations by Applications)
OCT Configurations Forecast in 2024 ($ millions)
Market Trends
Medical Imaging - All Technologies, Spectroscopy
Hyperspectral Imaging
Government funding
Investment
Market Summary
Competitive Landscape
OCT Companies
Carl Zeiss Meditec
Bioptigen (Leica Microsystems)
Medtronic
Thorlabs
Optos
Optovue
NIDEK
NovAcam
Medlumics
Heidelberg Engineering
Axsun Technologies
Michelson Diagnostics
Optopol Technology
Agfa Healthcare
Imalux
Abbott Medical Optics (Johnson & Johnson Vision)
Topcon Medical Systems
Bausch &Lomb
Avinger
Canon (Canon Medical Systems)
Edmond Optics
Alcon
HAAG-Streit UK
Miniprobes
OCT Component Suppliers (partial list)
Technology
The key benefits of OCT
Basic OCT Schematic
SD OCT Schematic
SS-OCT Schematic
Summary and Conclusions
Contact
List of Figures
Figure 1 Optical Imaging Worldwide Market
Figure 2 OCT Worldwide Market
Figure 3 OCT Market by Application in
Figure 4 OCT Market by Application in
Figure 4.1 OCT Geographic Market Estimate Comparing 2018 and
Figure 5 OCT Market Share By Technology (2020)
Figure 6 OCT Market Share By Technology (2024)
Figure 7 OCT Configurations
Figure 8 OCT Configuration Percent by Application
Figure 9 OCT Market (Configurations by Applications)
Figure 10 OCT Market (Configurations by Applications)
Figure 11 Market Trends: Medical Imaging - All Technolgies, Spectroscopy
Figure 12 Market Trends: Hyperspectral Imaging
Figure 13 Basic OCT Schematic
Figure 14 Phase change of a light wave through an optical fiber of original length L that has been stretched by a length △L
Figure 15 SD OCT Schematic
Figure 16 SS-OCT Schematic
Figure 17 17An example of OCT used for a neurosurgical application in a probe configuration.
Figure 18 18Anexample of OCT used for NDT in a probe configuration.
List of Tables
Figure 1 Optical Imaging Worldwide Market
Figure 2 OCT Worldwide Market
Figure 3 OCT Market Share by Technology in 2020 ($ Millions)
Figure 4 OCT Market Share by Technology in 2024 ($ Millions)
Figure 5 OCT Configurations Forecast in 2020 ($ millions)
Figure 6 OCT Configurations Forecast in 2024 ($ millions)

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