Key Factor Supporting Optical Coherence Tomography Market Development in 2025: Rising Prevalence Of Eye Disorders Worldwide Drives Growth Of Optical Coherence Tomography Market

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How Large Will the Optical Coherence Tomography Market Size By 2025?
The market size of optical coherence tomography has experienced swift growth in the past few years, expected to rise from $1.89 billion in 2024 to $2.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.1%. The historic growth rate was significantly influenced by factors such as the worldwide pandemic effect, patient's preferences, competitive environment, quick research and development, regulatory backing, and device downsizing.

How Big Is the Optical Coherence Tomography Market Size Expected to Grow by 2029?
The market size for optical coherence tomography is set to experience a swift escalation in the coming years, with the projection to increase to $3.55 billion by 2029 with a CAGR of 14.1%. The surge during the forecasted timeline could be associated with elements such as amplified spending in healthcare, a patient-based approach, and an upsurge in eye disorder cases. Noteworthy shifts during the forecasted timeframe involve the incorporation of oct in operations, changes in regulatory aspects, the rise of telemedicine and remote consultations, as well as market rivalry and innovation.

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Which Key Market Drivers Powering Optical Coherence Tomography Market Expansion and Growth?
The increasing incidence of eye-related diseases is predicted to propel the optical coherence tomography market's growth. Eye conditions such as cataract, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) globally are the primary reasons for vision impairment and blindness. As a result, advanced diagnostic tools like optical coherence tomography systems are facing an increasing demand due to the surge in eye diseases. For instance, statistics from the World Health Organization (WHO), a specialized agency of the United Nations based in Switzerland, indicate that more than 2.2 billion people worldwide suffer from near or complete vision problems due to eye conditions including refractive error, cataract, glaucoma, diabetic retinopathy among others. AMD is ranked globally as the third leading cause of blindness after cataracts and glaucoma. Around 34 million individuals, including 22 million in the top five populated countries in the European Union (EU) are estimated to be affected by AMD. It is projected that the number of AMD patients will increase by 25% by 2050 due to population growth and ageing. By 2050, Primary open-angle glaucoma (POAG) is expected to impact 7.32 million Americans. Therefore, the rising incidence of eye diseases is anticipated to fuel the expansion of the optical coherence tomography market.

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What Long-Term Trends Will Define the Future of the Optical Coherence Tomography Market?
One of the prime trends shaping the optical coherence tomography (OCT) market is the advent of technological advancements. Leading firms are constantly launching products with technological improvements and incorporating advanced technologies to expand their market share and maintain a competitive edge in the OCT market. For example, in October 2023, US medical device firm Abbott Laboratories unveiled its latest vascular imaging platform in India, which included the Ultreon 1.0 Software. This software combined OCT and artificial intelligence (AI) technology, offering doctors a thorough evaluation of coronary artery blood flow and obstructions. The cutting-edge imaging software can distinguish between calcified and non-calcified blockages, judge the severity of calcium-based blockages, and calculate the diameter of the vessel. Furthermore, it aids clinicians in accurately placing stents, also ensuring their optimal expansion and apposition, with a real-time display of the results for improvement in precision during the coronary stenting process. Abbott's OCT technology employs near-infrared light to achieve high-def, accurate imaging within blood vessels, allowing doctors to gather detailed data even in intricate patient anatomy.

What Are the Emerging Segments in the Optical Coherence Tomography Market?
The optical coherence tomography market covered in this report is segmented -

1) By Type: Catheter-Based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices
2) By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT
3) By Application: Ophthalmology, Cardiovascular, Oncology, Dermatology, Other Applications

Subsegments:
1) By Catheter-Based OCT Devices: Intracoronary OCT, Intravenous OCT
2) By Doppler OCT Devices: Time-Domain Doppler OCT, Frequency-Domain Doppler OCT
3) By Handheld OCT Devices: Portable Retinal OCT, Portable Cardiovascular OCT
4) By Tabletop OCT Devices: Optical Coherence Tomography Angiography (OCTA), High-Resolution OCT For Research Applications

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Who Are the Global Leaders in the Optical Coherence Tomography Market?
Major companies operating in the optical coherence tomography market are Agfa-Gevaert N.V., Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics Limited, Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o., Topcon Healthcare Solutions Inc., Conavi Medical Inc., ZD Medical Inc., Excelitas Technologies Corp, Thorlabs Inc., Sonostar Technologies Co. Limited, NIDEK Co. Ltd., Leica Microsystems IR GmbH, Optovue Inc., Canon Inc., Optos Inc., Santec Corporation, Tomophase Corporation, Insight Photonic Solutions Inc., Wasatch Photonics Inc., Avinger Inc., AngioDynamics Inc., BaySpec Inc., Tornado Spectral Systems Inc., Lambda Solutions Inc., LightLab Imaging Inc., Infraredx Inc., Optoprobe Inc., Terumo Corporation, Optiscan Pty Ltd., NinePoint Medical Inc., Axsun Technologies Inc., AOT AG

Which are the Top Profitable Regional Markets for the Optical Coherence Tomography Industry?
North America was the largest region in the optical coherence tomography market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical coherence tomography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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