Optical coherence tomography (OCT) has revolutionized the ophthalmology practice since its introduction in 1991. It is a non-invasive imaging test which utilizes light waves to capture the cross sectional image of the retina and soft tissues lining behind the retina. It provides a microscopic image of the retina. It takes 2 or 3-dimensional picture of the retina by measuring the echo relay and back-reflected infrared light from internal light sensitive tissue structure. With the help of optical coherence tomography equipment, each of retina’s layers can be seen individually which allows the ophthalmologist to measure and map the thickness of these layers. These mapping and measurements help ophthalmologists in the diagnosis and providing treatment guidelines for retinal disease such as glaucoma, diabetic eye disease, and age-related macular degeneration. Additionally, optical coherence tomography equipment are used to diagnose disorders of the optic nerve.

Optical Coherence Tomography Equipment Market: Drivers and Restraints

Optical coherence tomography equipment market is driven by the innovation and technological enhancements. Increasing geriatric population and safety & accuracy associated with optical coherence tomography equipment are driving the growth of this market. Focus of the companies to educate the practitioners regarding the benefit of this device and retinal image quality which is far better than any eye ultrasound is expected to positively impact the growth of optical coherence tomography equipment market.

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Optical Coherence Tomography Equipment Market: Segmentation

The global optical coherence tomography equipment market is segmented on the basis of Technology, Modality, Application, End User and Region.

On the basis of Technology global optical coherence tomography equipment market can be segmented into:

• Time Domain OCT

• Fourier (Spectral) Domain OCT

On the basis of modality global optical coherence tomography equipment market can be segmented into:

• Table Top Device

• Handheld Devices

• Trolley Mounted Devices

On the basis of application global optical coherence tomography equipment market can be segmented into:

• Ophthalmology

• Cardiology

• Gastroenterology

• Dermatology

• Oncology

• Others

On the basis of end user global optical coherence tomography equipment market can be segmented into:

• Hospitals

• Clinics

• Diagnostic Labs

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Optical Coherence Tomography Equipment Market: Overview

Optical coherence tomography equipment market has shown significant growth since its launch and expected to keep expanding over the forecast period attributed to the factors like high resolution of these devices and technological advancement as well as increasing use of advanced software. These equipment are safe and highly accurate in diagnosis. Application area of optical coherence tomography equipment is also expanding from ophthalmology to cardiology, oncology and other which will boost the growth of this market. Among all the application segments ophthalmology segment has biggest market share.  Time domain segment is the biggest market contributor, but Fourier domain is expected to be fastest growing segment as most advanced technology is used in this equipment and has application across various domains. Handheld optical coherence tomography equipment market is expected to grow at faster pace compared to table top equipment due to convenience.

Optical Coherence Tomography Equipment Market: Region Wise Outlook

Optical coherence tomography equipment market geographically is segmented as North America, Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America is the biggest market for optical coherence tomography equipment owning to the presence of the market players in region and high awareness. Asia Pacific market is expected to be fastest growing optical coherence tomography equipment market, especially for handheld devices. Key players are expanding their business and establishing the manufacturing units in this region which is expected to support the growth of the market. Also increasing prevalence of various therapeutic conditions, large population pool and increasing healthcare facilities are expected to drive the growth of optical coherence tomography equipment market in this region. Increasing competition among optical coherence tomography equipment market players will help in standardization of the market.

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Optical Coherence Tomography Equipment Market: Key Players

Some of the key market participants in optical coherence tomography equipment market are Carl Zeiss, Heidelberg Engineering, Inc., Canon, Inc., Leica Microsystems,  Meditec AG, OPTOPOL Technology S.A., Michelson Diagnostics Ltd., Novacam Technologies, Inc., Optovue, Incorporated, Topcon Corporation, Thorlabs, Inc.and Nidek Co. Ltd. These players are focusing on developing modified optical coherence tomography equipment to meet the needs of the clients.