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Optical Coherence Tomography (OCT) Market size was valued at USD 735.3 million in 2021 and is expected to grow at a CAGR of 7.2% over 2022-2028 due to surge in the number of aging population, increase in prevalence of diabetic retinopathy, skin cancers, cardiovascular diseases, and rise in preference for the non-invasive or minimally invasive diagnostic procedures.Â OCT is the most frequently used imaging technique within the field and helps in diagnosis and monitoring of various diseases such as glaucoma, diabetic macular edema, and Neovascular Age-related Macular Degeneration (nvAMD). By reducing the number of anti-VEGF injections an nvAMD patient receives, these personalized treatment protocols cut costs in the healthcare system and reduce the treatment burden in patients and clinicians. The report studies global optical coherence tomography market dynamics elaborately to identify the current market trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global Optical Coherence Tomography (OCT) Market report includes patent landscape of top market players and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
Fastest Growing Market
Increase in the geriatric population around the globe expected to fuel the market for Optical Coherence Tomography over the forecast period. As per the World Health Organization (WHO), more than 2 Bn of the global population will be over the age of 60 by the year 2050. Rise in geriatric population in developed nations like US, Japan, and EU-5 countries expected to drive the market sales of OCT devices in developed market over the forecast years. Moreover, increase in the preference for minimally invasive diagnostic procedures enables the growth of optical coherence tomography market over the forecast years.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.