DelveInsight’s Optical Coherence Tomography Devices Market Insights Report 2030 provides the current and forecast market analysis, individual leading Optical Coherence Tomography Companies market shares, challenges, Optical Coherence Tomography Devices Market Drivers, barriers, trends, and key market Optical Coherence Tomography companies in the market.
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Key Takeaways from the Optical Coherence Tomography Devices Market Report
- In August 2021, Abbott received FDA approval for its optical coherence tomography (OCT) imaging platform powered by the company’s new Ultreon imaging software, marking a significant advancement in intracoronary diagnostic imaging technology.
- In April 2021, Perimeter Medical Imaging received the Breakthrough Device Designation from the US FDA for its AI-powered Optical Coherence Tomography Imaging System coupled with ImgAssist AI, further accelerating innovation in the OCT devices market.
- The global Optical Coherence Tomography Devices Market was valued at USD 1.22 billion in 2023, growing at a CAGR of 8.57% during the forecast period from 2024 to 2030 to reach USD 2.00 billion by 2030.
- The leading Optical Coherence Tomography Companies include Abbott, Terumo Corporation, ZEISS Group, Leica Microsystems, CANON MEDICAL SYSTEMS EUROPE B.V., Lumedica, Horiba Ltd, Optos (Nikon Co. Ltd), Huvitz Corp, Costruzione Strumenti Oftalmici, HAAG-STREIT GROUP, OPTOPOL Technology Sp. z o.o., Acqiris, Novacam Technologies Inc., Thorlabs Inc., Topcon Corporation, SANTEC CORPORATION, Optovue Incorporated, NIDEK CO. LTD, TOMEY CORPORATION, and others.
- North America is projected to account for the largest share of the Optical Coherence Tomography Devices market, driven by the rising prevalence of the geriatric population, increasing risk factors for cardiovascular and ocular diseases, favorable government initiatives, high disposable income, and a sophisticated healthcare infrastructure.
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Optical Coherence Tomography Devices Market Dynamics
The Optical Coherence Tomography Devices Market is primarily driven by the rising prevalence of vision impairment and ocular diseases. According to the International Agency for the Prevention of Blindness (IAPB), in 2020 approximately 1.1 billion people worldwide were suffering from blindness, with an estimated 2 to 3 billion people requiring access to eye care facilities. Per WHO data (2020), cataracts were the primary cause of vision loss in patients above the age of 50, with 15.2 million cases, directly boosting demand for OCT devices used in preoperative planning, intraoperative imaging, and postoperative care. Additionally, cardiovascular diseases remain a major driver, with WHO (2023) reporting that CVDs account for approximately 17.9 million deaths globally each year. OCT technology is increasingly being adopted as an intracoronary diagnostic technique, providing superior delineation of vascular microstructures compared to other imaging modalities, and further supporting the growth of the OCT devices market during the forecast period from 2024 to 2030.
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Optical Coherence Tomography Devices Market Segmentation Analysis
Optical Coherence Tomography Devices Market by Product Type (Time-Dependent OCT Devices and Fourier-Dependent OCT Devices [Swept-Source OCT Devices and Spectral-Domain OCT Devices], and Others), Medical Specialty (Ophthalmology, Cardiology, and Others), Application (Clinical Use and Research Use), End-User (Hospitals, Specialty Clinics, Research Institutes, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
Optical Coherence Tomography Devices Market Drivers
The demand for optical coherence tomography devices is being driven by several key factors, including the rising prevalence of ocular diseases such as cataracts, glaucoma, age-related macular degeneration, and diabetic retinopathy, which require precise imaging for diagnosis and treatment planning. The growing burden of cardiovascular diseases — particularly myocardial infarction and acute coronary syndrome — is driving the adoption of OCT as an intracoronary diagnostic technique offering high-resolution imaging of blood vessel microstructures. The increasing geriatric population globally, who are more susceptible to both ocular and cardiovascular conditions, further expands the patient pool. Ongoing technological advancements, including the miniaturization of swept-source OCT systems and their expanding applications across cardiology, dermatology, and gastroenterology, along with increasing product development activities among key market players, are creating a supportive environment for sustained market growth from 2024 to 2030.
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Scope of the Optical Coherence Tomography Devices Market Report
- Coverage: Global
- Study Period: 2020 – 2033
- Forecast Period: 2024 – 2030
- Optical Coherence Tomography Companies: Abbott, Terumo Corporation, ZEISS Group, Leica Microsystems, CANON MEDICAL SYSTEMS EUROPE B.V., Lumedica, Horiba Ltd, Optos (Nikon Co. Ltd), Huvitz Corp, Costruzione Strumenti Oftalmici, HAAG-STREIT GROUP, OPTOPOL Technology Sp. z o.o., Acqiris, Novacam Technologies Inc., Thorlabs Inc., Topcon Corporation, SANTEC CORPORATION, Optovue Incorporated, NIDEK CO. LTD, TOMEY CORPORATION, and others.
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Table of Contents
- OCT Devices Market Report Introduction
- OCT Devices Market Executive Summary
- Regulatory and Patent Analysis
- OCT Devices Market Key Factors Analysis
- OCT Devices Market Porter’s Five Forces Analysis
- COVID-19 Impact Analysis on OCT Devices Market
- OCT Devices Market Layout
- OCT Devices Market Global Company Share Analysis – Key 3–5 Companies
- OCT Devices Market Company and Product Profiles
- Project Approach
- KOL Views
- DelveInsight Capabilities
- Disclaimer
- About DelveInsight
About Us
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