The Europe Optical Coherence Tomography (OCT) Market would witness market growth of 8.5% CAGR during the forecast period (2022-2028).
OCT technology has advanced significantly as well. At acquisition rates of many frames per second, high-speed real-time optical coherence tomography imaging has been demonstrated. Axial resolutions of as much as 1 micrometer have been reached in ultrahigh-resolution and high-resolution OCT imaging experiments employing new laser light sources. Recently, developmental biology samples showed evidence of cellular-level OCT imaging. In order to provide inside-body imaging, OCT has been interconnected with endoscopes, catheters, and laparoscopes.
It has been shown in vivo in an animal model that artery imaging is possible with endoscope and catheter OCT imaging of the pulmonary, gastrointestinal, and urine systems. In addition, there have been reports of early endoscopic OCT experiments in humans. There are numerous research teams conducting preliminary clinical investigations right now.
The market for optical coherence tomography is expected to increase as more OCT products are introduced and more major companies worldwide invest in improved OCT production. In addition, more hospitals and clinics are utilizing optical coherence tomography (OCT), which is likely to drive the OCT market's expansion due to the higher accuracy of the data obtained.
The incidence of eye illnesses is rising, medical tourism is expanding, and research and development spending is rising. Due to increased occurrences of eye disorders, cancer, and many cardiovascular diseases, healthcare spending has dramatically increased recently throughout the region. The Office for National Statistics estimates that in 2019, overall healthcare spending increased to reach over 225 billion. Also, the rapid growth of the optical imaging industry in the UK, combined with an increase in ophthalmology clinics, is anticipated to generate profitable growth possibilities for the producers of optical coherence tomography systems. Hence, thereby boosting the market growth in Europe.
The Germany market dominated the Europe Optical Coherence Tomography (OCT) Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $136.1 million by 2028. The UK market is anticipated to grow at a CAGR of 7.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 9.3% during (2022 - 2028).
Based on Type, the market is segmented into Handheld OCT Devices, Tabletop OCT Devices, and Catheter-based OCT. Based on End User, the market is segmented into Hospitals, Clinics, and Others. Based on Application, the market is segmented into Ophthalmology, Cardiovascular, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Optical Coherence Tomography (OCT) Market is Projected to reach USD 2.1 Billion by 2028, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Carl Zeiss AG, Danaher Corporation, Metall Zug AG (Haag-Streit AG), Nidek Co., Ltd., Thorlabs, Inc., Topcon Corporation, Agfa-Gevaert N.V. (IG arben), Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH), and Novacam Technologies Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Handheld OCT Devices
- Tabletop OCT Devices
- Catheter-based OCT
By End User
By Application
- Ophthalmology
- Cardiovascular
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Abbott Laboratories
- Carl Zeiss AG
- Danaher Corporation
- Metall Zug AG (Haag-Streit AG)
- Nidek Co., Ltd.
- Thorlabs, Inc.
- Topcon Corporation
- Agfa-Gevaert N.V. (IG Farben)
- Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH)
- Novacam Technologies Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Optical Coherence Tomography (OCT) Market, by Type
1.4.2 Europe Optical Coherence Tomography (OCT) Market, by End User
1.4.3 Europe Optical Coherence Tomography (OCT) Market, by Application
1.4.4 Europe Optical Coherence Tomography (OCT) Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Approvals and Trials
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Feb – 2023, Feb) Leading Players
Chapter 4. Europe Optical Coherence Tomography (OCT) Market by Type
4.1 Europe Handheld OCT Devices Market by Country
4.2 Europe Tabletop OCT Devices Market by Country
4.3 Europe Catheter-based OCT Market by Country
Chapter 5. Europe Optical Coherence Tomography (OCT) Market by End-user
5.1 Europe Hospitals Market by Country
5.2 Europe Clinics Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Optical Coherence Tomography (OCT) Market by Application
6.1 Europe Ophthalmology Market by Country
6.2 Europe Cardiovascular Market by Country
6.3 Europe Others Market by Country
Chapter 7. Europe Optical Coherence Tomography (OCT) Market by Country
7.1 Germany Optical Coherence Tomography (OCT) Market
7.1.1 Germany Optical Coherence Tomography (OCT) Market by Type
7.1.2 Germany Optical Coherence Tomography (OCT) Market by End-user
7.1.3 Germany Optical Coherence Tomography (OCT) Market by Application
7.2 UK Optical Coherence Tomography (OCT) Market
7.2.1 UK Optical Coherence Tomography (OCT) Market by Type
7.2.2 UK Optical Coherence Tomography (OCT) Market by End-user
7.2.3 UK Optical Coherence Tomography (OCT) Market by Application
7.3 France Optical Coherence Tomography (OCT) Market
7.3.1 France Optical Coherence Tomography (OCT) Market by Type
7.3.2 France Optical Coherence Tomography (OCT) Market by End-user
7.3.3 France Optical Coherence Tomography (OCT) Market by Application
7.4 Russia Optical Coherence Tomography (OCT) Market
7.4.1 Russia Optical Coherence Tomography (OCT) Market by Type
7.4.2 Russia Optical Coherence Tomography (OCT) Market by End-user
7.4.3 Russia Optical Coherence Tomography (OCT) Market by Application
7.5 Spain Optical Coherence Tomography (OCT) Market
7.5.1 Spain Optical Coherence Tomography (OCT) Market by Type
7.5.2 Spain Optical Coherence Tomography (OCT) Market by End-user
7.5.3 Spain Optical Coherence Tomography (OCT) Market by Application
7.6 Italy Optical Coherence Tomography (OCT) Market
7.6.1 Italy Optical Coherence Tomography (OCT) Market by Type
7.6.2 Italy Optical Coherence Tomography (OCT) Market by End-user
7.6.3 Italy Optical Coherence Tomography (OCT) Market by Application
7.7 Rest of Europe Optical Coherence Tomography (OCT) Market
7.7.1 Rest of Europe Optical Coherence Tomography (OCT) Market by Type
7.7.2 Rest of Europe Optical Coherence Tomography (OCT) Market by End-user
7.7.3 Rest of Europe Optical Coherence Tomography (OCT) Market by Application
Chapter 8. Company Profiles
8.1 Abbott Laboratories
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Approvals and Trials:
8.1.6 SWOT Analysis
8.2 Topcon Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.3 Danaher Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.4 Carl Zeiss AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.5 Metall Zug AG (Haag-Streit AG)
8.5.1 Company overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.6 Agfa-Gevaert N.V. (IG Farben)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional & Segmental Analysis
8.6.4 Research & Development Expenses
8.7 Nidek Co., Ltd.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.7.2.2 Product Launches and Product Expansions:
8.8 Heidelberg Engineering, Inc. (Heidelburg Engeneering GmbH)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Thorlabs, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.10. Novacam Technologies Inc.
8.10.1 Company Overview
TABLE 1 Europe Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 2 Europe Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Optical Coherence Tomography (OCT) Market
TABLE 4 Product Launches And Product Expansions– Optical Coherence Tomography (OCT) Market
TABLE 5 Acquisition and Mergers– Optical Coherence Tomography (OCT) Market
TABLE 6 approvals and trials – Optical Coherence Tomography (OCT) Market
TABLE 7 Europe Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 8 Europe Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 9 Europe Handheld OCT Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Handheld OCT Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Tabletop OCT Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Tabletop OCT Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Catheter-based OCT Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Catheter-based OCT Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 16 Europe Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 17 Europe Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Clinics Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Clinics Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 24 Europe Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 25 Europe Ophthalmology Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Ophthalmology Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Cardiovascular Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Cardiovascular Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Optical Coherence Tomography (OCT) Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Optical Coherence Tomography (OCT) Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 34 Germany Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 35 Germany Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 36 Germany Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 37 Germany Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 38 Germany Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 39 Germany Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 40 Germany Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 41 UK Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 42 UK Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 43 UK Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 44 UK Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 45 UK Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 46 UK Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 47 UK Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 48 UK Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 49 France Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 50 France Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 51 France Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 52 France Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 53 France Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 54 France Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 55 France Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 56 France Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 57 Russia Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 58 Russia Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 59 Russia Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 60 Russia Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 61 Russia Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 62 Russia Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 63 Russia Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 64 Russia Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 65 Spain Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 66 Spain Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 67 Spain Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 68 Spain Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 69 Spain Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 70 Spain Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 71 Spain Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 72 Spain Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 73 Italy Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 74 Italy Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 75 Italy Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 76 Italy Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 77 Italy Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 78 Italy Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 79 Italy Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 80 Italy Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 81 Rest of Europe Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 82 Rest of Europe Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 83 Rest of Europe Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 84 Rest of Europe Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 85 Rest of Europe Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 86 Rest of Europe Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 87 Rest of Europe Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 88 Rest of Europe Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 89 Key Information – Abbott Laboratories
TABLE 90 key Information – Topcon Corporation
TABLE 91 Key Information – Danaher Corporation
TABLE 92 key Information – Carl Zeiss AG
TABLE 93 Key Information – Metall Zug AG
TABLE 94 Key information – Agfa-Gevaert N.V.
TABLE 95 Key Information – Nidek Co., Ltd.
TABLE 96 key Information – Heidelberg Engineering, Inc.
TABLE 97 Key Information – Thorlabs, Inc.
TABLE 98 Key Information – Novacam Technologies Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb – 2023, Feb) Leading Players
FIG 5 Swot analysis: Abbott laboratories
FIG 6 Recent strategies and developments: Topcon Corporation
FIG 7 Recent strategies and developments: Nidek Co., Ltd.