Optical Coherence Tomography Market Size, Share, Growth and Trends Analysis Report, 2024
The Optical Coherence Tomography (OCT) market was valued at USD 719.0 million in 2015 and is expected to witness a CAGR of 11.2% over the forecast period. OCT imaging and diagnostic devices are majorly used in ophthalmology, however, diversification initiated and the technology finds application in the field of dermatology, cardiology and others.
(firmenpresse) - The global optical coherence tomography (OCT) market is expected to reach USD 1.8 billion by 2024, according to a new report by Grand View Research, Inc. Increasing incidences of ocular diseases coupled with rising technological advancement in diagnostics is expected to boost the market for OCT based imaging devices. Furthermore, rising applications in cardiology, dermatology, oncology and other diseases is anticipated to support market growth over the forecast period.
Improvement in the design of the devices along with utility of advanced software is expected to enhance the healthcare provider
Government support towards increased diagnostic rate is another vital impact rendering driver. For instance, the U.S. FDA have launched multiple programs to facilitate routine screening of geriatric patients, which forms a large portion of the target group. Availability of favorable reimbursement, is further expected to increase the diagnostic rate for conditions such as age-related macular degeneration, retinopathy, vitreomacular traction along with various other conditions.
Further key findings from the study suggest:
uting to the market growth over the Ophthalmology forms the largest application segment and is expected to lose market share over the forecast period owing to the introduction of other application and their lucrative growth trend. For instance, application of these devices for dermatology imaging is predicted to be on rise over the next few years. The ability of OCT imaging devices to non-invasively provide 3D images up to 2-3 mm depth with higher resolution than ultrasound is expected to be the driver of this growth.
re, expansion of competitors and establishment of manufacturing units in the region are also anticipated to support growth.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
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Grand View Research, Inc
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Datum: 08.08.2019 - 14:09 Uhr
Sprache: Deutsch
News-ID 1551304
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