Global Optical Coherence Tomography Market to grow at a CAGR of 8.16% during the period 2017 - 2021; Finds New Report

Report forecast the global OCT market to grow at a CAGR of 8.16% during the period 2017-2021.

OCT can help to identify diseases such as diabetic retinopathy and glaucoma at the granular level by providing the images of the retina in layers, which can help physicians identify the disease and form a treatment plan.

The report covers the present scenario and the growth prospects of the global OCT market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of OCT.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, the growing acquisition of small hospitals has helped increase wound care, which has indirectly impacted the growth of the peripheral vascular diagnostic market positively. Tier-1 hospitals acquire small specialized hospitals, which helps to train the healthcare staffs, including the physicians and nurses. As small hospitals get acquired by larger ones, it helps meet patient needs by providing a range of patient monitoring equipment. Owing to the brand name of large hospitals, many people opt to receive healthcare services from them, which increases the need of patient monitoring equipment. Hence, to provide better care at lesser time, these hospitals purchase more equipment in bulk.

Further, the report states that optical imaging systems are low-cost instruments, but the investment involved in laboratories setup and additional renovation cost of medical facilities acts as a constraint for market growth. Countries such as Mexico and South Africa where hospital infrastructure is in the developmental stage require huge investment to setup imaging modalities. The healthcare sector is now focusing on integrated operating rooms, which also referred as hybrid operating rooms, for efficient diagnosis process. The average cost of setting up hybrid operating rooms with optical imaging and other medical imaging systems is about $3-5 million. The setting up of optical imaging systems is not enough for medical facilities as the healthcare sector is undergoing a transition. These optical imaging systems find huge application in the cancer screening process. Investments in cancer hospitals and screening centers are higher owing to the sensitivity of the procedure and the installation cost of medical imaging.

Global OCT Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global OCT market: Heidelberg Engineering, Carl Zeiss, TOPCON, and Leica Microsystems

Other Prominent Vendors in the market are: Agfa HealthCare, Agiltron, DermaLumics, Insight, Michelson Diagnostics, Moptim, NinePoint Medical, Oztec, PhotoniCare, Santec, Terumo, Tomophase, Thorlabs, and St. Jude Medical

Market driver

• Mergers and acquisitions of small specialized hospitals by Tier-1 hospitals
• For a full, detailed list, view our report

Market challenge

• Tissue penetration limiting the OCT imaging
• For a full, detailed list, view our report

Market trend

• Advances in OCT by introducing newer techniques
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 50 Exhibits “Global Optical Coherence Tomography Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by application, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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