The North America Optical Coherence Tomography (OCT) Market would witness market growth of 8.2% CAGR during the forecast period (2022-2028).
OCT can now be used in various medical disciplines. The optical attenuation caused by tissue absorption and scattering limits the imaging depth. Yet, imaging can be accomplished in most tissues up to 2 - 3 mm deep. This scale is comparable to what traditional biopsies and histology generally image. In addition, OCT has a resolution 10–100 times greater than conventional clinical ultrasound. OCT has been used in vitro to image artery pathology and can distinguish between different plaque forms.
In vitro imaging research has also been carried out to look into potential uses in rheumatology, dermatology, gastrointestinal, urology, gynecology, surgery, and neurosurgery. OCT has also been used in vivo to examine biological specimens in development, including tadpoles and embryos from Rana pipiens, Xenopus laevis, and Brachyodanio rerio. OCT has potential uses in developmental biology since it makes it possible to repeatedly image-changing morphology without sacrificing specimens.
The rising prevalence of eye disorders, rising adoption of cutting-edge technologies like Fourier domain OCT systems in industrial and clinical applications, favorable government support, and the presence of top optical coherence tomography equipment manufacturers all contribute to the growth of the US optical coherence tomography market. Similarly, growing industrial applications for optical coherence tomography systems, such as industrial quality control and non-destructive testing, will increase the size of the region's optical coherence tomography (OCT) market. Advantageous medical insurance plans that help patients pay for their OCT treatments have also contributed to this technology's substantial share of the North American market. Hence, thereby boosting the market growth in North America.
The US market dominated the North America 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 $555.1 million by 2028. The Canada market is poised to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 9.7% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Optical Coherence Tomography (OCT) Market, by Type
1.4.2 North America Optical Coherence Tomography (OCT) Market, by End User
1.4.3 North America Optical Coherence Tomography (OCT) Market, by Application
1.4.4 North America 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. North America Optical Coherence Tomography (OCT) Market by Type
4.1 North America Handheld OCT Devices Market by Country
4.2 North America Tabletop OCT Devices Market by Country
4.3 North America Catheter-based OCT Market by Country
Chapter 5. North America Optical Coherence Tomography (OCT) Market by End-user
5.1 North America Hospitals Market by Country
5.2 North America Clinics Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Optical Coherence Tomography (OCT) Market by Application
6.1 North America Ophthalmology Market by Country
6.2 North America Cardiovascular Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Optical Coherence Tomography (OCT) Market by Country
7.1 US Optical Coherence Tomography (OCT) Market
7.1.1 US Optical Coherence Tomography (OCT) Market by Type
7.1.2 US Optical Coherence Tomography (OCT) Market by End-user
7.1.3 US Optical Coherence Tomography (OCT) Market by Application
7.2 Canada Optical Coherence Tomography (OCT) Market
7.2.1 Canada Optical Coherence Tomography (OCT) Market by Type
7.2.2 Canada Optical Coherence Tomography (OCT) Market by End-user
7.2.3 Canada Optical Coherence Tomography (OCT) Market by Application
7.3 Mexico Optical Coherence Tomography (OCT) Market
7.3.1 Mexico Optical Coherence Tomography (OCT) Market by Type
7.3.2 Mexico Optical Coherence Tomography (OCT) Market by End-user
7.3.3 Mexico Optical Coherence Tomography (OCT) Market by Application
7.4 Rest of North America Optical Coherence Tomography (OCT) Market
7.4.1 Rest of North America Optical Coherence Tomography (OCT) Market by Type
7.4.2 Rest of North America Optical Coherence Tomography (OCT) Market by End-user
7.4.3 Rest of North America 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 North America Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 8 North America Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 9 North America Handheld OCT Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Handheld OCT Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Tabletop OCT Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Tabletop OCT Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Catheter-based OCT Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Catheter-based OCT Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 16 North America Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 17 North America Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Clinics Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Clinics Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 24 North America Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 25 North America Ophthalmology Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Ophthalmology Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Cardiovascular Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Cardiovascular Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Optical Coherence Tomography (OCT) Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Optical Coherence Tomography (OCT) Market by Country, 2022 - 2028, USD Million
TABLE 33 US Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 34 US Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 35 US Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 36 US Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 37 US Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 38 US Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 39 US Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 40 US Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 41 Canada Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 42 Canada Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 43 Canada Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 44 Canada Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 46 Canada Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 47 Canada Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 48 Canada Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 49 Mexico Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 50 Mexico Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 51 Mexico Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 52 Mexico Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 54 Mexico Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 55 Mexico Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 56 Mexico Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 57 Rest of North America Optical Coherence Tomography (OCT) Market, 2018 - 2021, USD Million
TABLE 58 Rest of North America Optical Coherence Tomography (OCT) Market, 2022 - 2028, USD Million
TABLE 59 Rest of North America Optical Coherence Tomography (OCT) Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of North America Optical Coherence Tomography (OCT) Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Optical Coherence Tomography (OCT) Market by End-user, 2018 - 2021, USD Million
TABLE 62 Rest of North America Optical Coherence Tomography (OCT) Market by End-user, 2022 - 2028, USD Million
TABLE 63 Rest of North America Optical Coherence Tomography (OCT) Market by Application, 2018 - 2021, USD Million
TABLE 64 Rest of North America Optical Coherence Tomography (OCT) Market by Application, 2022 - 2028, USD Million
TABLE 65 Key Information – Abbott Laboratories
TABLE 66 key Information – Topcon Corporation
TABLE 67 Key Information – Danaher Corporation
TABLE 68 key Information – Carl Zeiss AG
TABLE 69 Key Information – Metall Zug AG
TABLE 70 Key information – Agfa-Gevaert N.V.
TABLE 71 Key Information – Nidek Co., Ltd.
TABLE 72 key Information – Heidelberg Engineering, Inc.
TABLE 73 Key Information – Thorlabs, Inc.
TABLE 74 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.