Overview
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 $1.2 billion in 2024.
The markets segments covered are defined below:
- Ophthalmology
- Cardiology
- Other medical
- Microscopy
- Pharmaceutical
- Industrial
It is anticipated that medical applications other than ophthalmology will have the fastest growth rate beyond 2020.
The market for OCT light sources and photonics components will represent about 20% and 18% of the total OCT systems market respectively in 2024.
SD-OCT is the dominant technology displacing the older TD-OCT. SS-OCT is the newest commercially available technology with advantages for deep tissue penetration.
Twenty two companies have been identified as OCT system suppliers. More than half of the companies focus on ophthalmic applications. In general, the ophthalmic focused companies are well established with worldwide distribution. Emerging markets in other medical market segments include cardiology and dermatology as well as other areas. Other emerging markets are pharmaceuticals for drug discovery and non destructive testing for industrial applications.
Table of Contents
Optical Coherence Tomography (OCT) Forecast
- OCT Forecast Motivation
- Photonic Sensor Consortium Background
- OCT Forecast Methodology
- OCT Forecast Coverage
OCT Market
- Market Driving Force
- Market Forecast
- Optical Imaging Worldwide Market
- OCT Worldwide Market
- OCT Market by Application in 2020
- OCT Market by Application in 2024
- OCT Geographic Market Estimate Comparing 2018 and 2024
- OCT Market Share By Technology (2020)
- OCT Market Share by Technology in 2020 ($ 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)
- Market Trends
- Medical Imaging - All Technologies, Spectroscopy
- Hyperspectral Imaging
- Government funding
- Investment
- Market Summary
Competitive Landscape
OCT Companies
- Carl Zeiss Meditec
- Bioptigen (Leica Microsystems)
- Medtronic
- Thorlabs
- Optos
- Optovue
- NIDEK
- NovAcam
- Medlumics
- Heidelberg Engineering
- Axsun Technologies
- Michelson Diagnostics
- Optopol Technology
- Agfa Healthcare
- Imalux
- Abbott Medical Optics (Johnson & Johnson Vision)
- Topcon Medical Systems
- Bausch &Lomb
- Avinger
- Canon (Canon Medical Systems)
- Edmond Optics
- Alcon
- HAAG-Streit UK
- Miniprobes
OCT Component Suppliers (partial list)
Technology
- The key benefits of OCT
- Basic OCT Schematic
- SD OCT Schematic
- SS-OCT Schematic
Summary and Conclusions
Contact
List of Figures
Figure 1 Optical Imaging Worldwide Market
Figure 2 OCT Worldwide Market
Figure 3 OCT Market by Application in 2020
Figure 4 OCT Market by Application in 2024
Figure 4.1 OCT Geographic Market Estimate Comparing 2018 and 2024
Figure 5 OCT Market Share By Technology (2020)
Figure 6 OCT Market Share By Technology (2024)
Figure 7 OCT Configurations
Figure 8 OCT Configuration Percent by Application
Figure 9 OCT Market (Configurations by Applications) 2020
Figure 10 OCT Market (Configurations by Applications) 2024
Figure 11 Market Trends: Medical Imaging - All Technolgies, Spectroscopy
Figure 12 Market Trends: Hyperspectral Imaging
Figure 13 Basic OCT Schematic
Figure 14 Phase change of a light wave through an optical fiber of original length L that has been stretched by a length △L
Figure 15 SD OCT Schematic
Figure 16 SS-OCT Schematic
Figure 17 17An example of OCT used for a neurosurgical application in a probe configuration.
Figure 18 18Anexample of OCT used for NDT in a probe configuration.
List of Tables
Figure 1 Optical Imaging Worldwide Market
Figure 2 OCT Worldwide Market
Figure 3 OCT Market Share by Technology in 2020 ($ Millions)
Figure 4 OCT Market Share by Technology in 2024 ($ Millions)
Figure 5 OCT Configurations Forecast in 2020 ($ millions)
Figure 6 OCT Configurations Forecast in 2024 ($ millions)
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