The Latin America, Middle East and Africa Optical Coherence Tomography (OCT) Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
Adopting optical coherence tomography equipment in surgical operations like angioplasty will increase the size of the optical coherence tomography (OCT) market over the projected year. During surgical procedures, medical personnel employs OCT to collect images of blood vessels as well as other tissues that assist them in concentrating on accuracy during challenging surgeries.
Since it is non-destructive and contactless, optical coherence tomography is increasingly used for quality control and analysis applications across industries. This, combined with the demand for OCT imaging systems expanding quickly, is anticipated to increase the market share for optical coherence tomography. In addition, inline inspection of multilayered structures during manufacturing processes has produced encouraging results for optical coherence tomography.
The industry is distinguished by expanded R&D activities, creation of several original goods, and cutting-edge hybridization technologies. For example, for application in biomedicine and other industries, Novacam Technologies Inc., one of the leading optical coherence tomography businesses, develops and manufactures highly precise, sophisticated 3D metrology solutions. The core of the company's gadgets is low-coherence interferometry and non-contact fiber-based scanning probes.
The Argentine government has also developed an interoperability center where all stakeholders (public and private) can work together to produce synergies that should lead to improved patient results. In Brazil, the pandemic catalyzed and streamlined the development of numerous digital health policies. One of the key goals is the creation of legitimate regulating bodies (such as the Rede Nacional de Dados em Sade, or National Health Data Network) to implement a significant data-driven healthcare plan that uses technology. The organization and delivery of healthcare in the region may be dramatically changed as a result of this upheaval, according to Brazilian specialists. As a result, the large activities underway in the region to support healthcare delivery are the key drivers fueling the growth of the region's optical coherence tomography (OCT) market.
The Brazil market dominated the LAMEA 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 $39.5 million by 2028. The Argentina market is experiencing a CAGR of 12.4% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
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