Optical coherence tomography imaging technology has many distinct advantages that have driven commercialization. The primary benefits are real time subsurface images with high resolution for biomedical and industry applications with no preparation of the target area or ionizing radiation required.
The market is expected to grow between 10% and 12% annually. The OCT market is projected to exceed $1.2 billion in 2024.
The markets segments covered are defined below:
It is anticipated that medical applications other than ophthalmology will have the fastest growth rate beyond 2020.
The market for OCT light sources and photonics components will represent about 20% and 18% of the total OCT systems market respectively in 2024.
SD-OCT is the dominant technology displacing the older TD-OCT. SS-OCT is the newest commercially available technology with advantages for deep tissue penetration.
Twenty two companies have been identified as OCT system suppliers. More than half of the companies focus on ophthalmic applications. In general, the ophthalmic focused companies are well established with worldwide distribution. Emerging markets in other medical market segments include cardiology and dermatology as well as other areas. Other emerging markets are pharmaceuticals for drug discovery and non destructive testing for industrial applications.
Optical Coherence Tomography Market Report and Forecast
TABLE OF CONTENTS
Optical Coherence Tomography (OCT) Forecast
- Optical Imaging Worldwide Market
- OCT Worldwide Market
- OCT Market by Application in 2020
- OCT Market by Application in 2024
- OCT Geographic Market Estimate Comparing 2018 and 2024
- OCT Market Share By Technology (2020)
- OCT Market Share by Technology in 2020 ($ Millions)
- OCT Market Share By Technology (2024)
- OCT Market Share by Technology in 2024 ($ Millions)
- OCT Configuration Percent by Application
- OCT Market (Configurations by Applications) 2020
- OCT Configurations Forecast in 2020 ($ millions)
- OCT Market (Configurations by Applications) 2024
- OCT Configurations Forecast in 2024 ($ millions)
- Hyperspectral Imaging
OCT Component Suppliers (partial list)