A significant rise in the occurrence of cardiovascular and
ophthalmologic disorders has been recorded in recent years. As a
countermeasure, state authorities and private organisations in
ophthalmic care are introducing several eye care programs for the
general public. Globally, the number of people with eye disorders has
increased to a severe level, hence further escalating the need for
advanced eye care imaging and treatment. This has been observed as a
major factor fuelling the demand for optical coherence tomography of
late.
A new study conducted by Future Market Insights (FMI) reveals that
the global optical
coherence tomography market to grow from US$ 660.5 Mn in 2016 to
US$ 1,349.1 Mn by 2027-end. This market is expected to expand at a
CAGR of 6.7% in terms of revenue between 2017 and 2027. During this
ten years of the forecast, the popularity of optical coherence
tomography is expected to grow rapidly as medical companies are
laying strong emphasis on development of portable devices in order to
increase the adoption rate of such imaging technology.
Manufacturers of OCT systems are actively focusing on expanding their
existing range of products. Some of the latest OCT systems now come
with multi layers analysis of the surface as well as offer higher
image resolutions. Moreover, making such systems portable and
user-friendly is anticipated to encourage their robust adoption in
the near future. Also, players in the global market for optical
coherence tomography are expected to benefit from increasing medical
and non-medical application of OCT.
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In an attempt to further improve their market position, some of the
leading market players are entering into partnership, merger, sales
agreement and acquisition with local manufacturers from emerging
countries. FMI in its report titled “Optical Coherence Tomography
Market: Global Industry Analysis and Opportunity Assessment,
2017–2027” has profiled leading market players such as Leica
Microsystems (Sub. Danaher), Optovue Inc., Carl Zeiss Meditec AG,
Santec Corporation, Heidelberg Engineering GmbH, OPTOPOL Technology
Sp. z o.o. (Sub. Canon Inc.), Topcon Corporation, Michelson
Diagnostics Ltd, Tomophase Inc., Moptim Imaging Technique, NIDEK CO.,
LTD., Sonostar Technologies Co., Limited.
Among regions, North America is expected to hold the largest share of
the market during the forecast period. By 2017-end, the region’s
market is expected to reach a valuation of US$ 232.2 Mn. Meanwhile,
the OCT market in Asia-Pacific excluding Japan is expected to witness
the highest growth over 2027. Owing to this, a number of leading
market players such as Carl Zeiss Meditec AG, Topcon Corporation and
Heidelberg Engineering GmbH are increasing their penetration in some
of the key countries in the region, especially in China with their
high-quality product types and services.
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