San Francisco, 15 February 2019: The Report Optical Coherence Tomography (OCT) Market Analysis By Technology (Time Domain Based, Frequency Domain Based, Spatially Encoded Frequency Domain Based), By Type (Catheter, Doppler OCT, Handheld, Tabletop), By Application (Ophthalmology, Cardiovascular, Oncology, Dermatology) And Segment Forecasts to 2024
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’s ability to accurately diagnose and manage chronic conditions. For instance, Optovue launched AngioVue Retina in June 2016, which is expected to provide ophthalmologist with a smooth integration of the optical coherence tomography angiography technology into the workflow.
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.
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Further key findings from the study suggest:
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-imaging
Grand View Research has segmented the global OCT market on the basis of technology, type, application and region.
Global OCT Market by Technology, 2013 - 2024 (USD Million)
Global OCT Market by Type, 2013 - 2024 (USD Million)
Global OCT Market by Application, 2013 - 2024 (USD Million)
OCT Market by Region, 2013 - 2024 (USD Million)
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About Grand View Research
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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