Optical Coherence Tomography (OCT) for Ophthalmology

Global Market Trajectory & Analytics

MCP13745

EXECUTIVE ENGAGEMENTS

POOL

447
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

89
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PARTICIPANTS

18
Unique # Participated

VALIDATIONS

7
Responses Validated*

COMPANIES

26
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DATE

AUG 2021

TABLES

48

PAGES

154

EDITION

6

PRICE

USD 4950

CODE

MCP13745


COMPETITIVE METRICS

COMPANY

D S N T

% *

BaySpec, Inc.

Canon, Inc.

Chongqing Vision Star Optical Co., Ltd.

Cylite

Haag-Streit AG

Heidelberg Engineering GmbH

Huvitz Co., Ltd.

Medlumics SL

NIDEK Co., Ltd.

NinePoint Medical

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HIGHLIGHTS & REPORT INDEX

Global Optical Coherence Tomography (OCT) for Ophthalmology Market to Reach $754.4 Million by the Year 2026

Optical coherence tomography (OCT), a non-invasive, diagnostic technology is fast becoming an established imaging technology in ophthalmic diagnosis. OCT relies on light waves for capturing high-quality 3D retinal images in a non-invasive manner, enabling medical professionals to study eye conditions. An aging population, growing prevalence of ocular diseases, rapid increase in diabetic population and increasing focus on curbing healthcare expenditures continue to drive the demand for ophthalmic diagnostic equipment. With rise in the average life span, there is an increasing incidence of ophthalmic and ocular conditions which is a natural phenomenon of aging. In addition, lifestyle trends and rising levels of pollution in developed and developing countries have put an ever-increasing number of people at risk of developing potential eye allergies, hypersensitivity to environmental elements such as pollen, dust, and dry eye syndrome among others. A key trend in the space is integration of various devices into single equipment. The ongoing shift to spectral domain OCT technology from time domain OCT is spurring growth in the market. Spectral domain OCT, an advancement in imaging technology enables efficient examination of ocular pathologies. Further infusing growth into the segment is the integration of built in devices such as fundus cameras and OCT scanning laser ophthalmoscopes. Software upgrades in OCT systems are introducing advanced disease-progression analysis featuring greater range in data capture and imaging.

Amid the COVID-19 crisis, the global market for Optical Coherence Tomography (OCT) for Ophthalmology estimated at US$526.2 Million in the year 2020, is projected to reach a revised size of US$754.4 Million by 2026, growing at a CAGR of 6.3% over the analysis period. Conventional OCT Systems, one of the segments analyzed in the report, is projected to grow at a 5.8% CAGR to reach US$667.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Handheld & Integrated Oct Systems segment is readjusted to a revised 8.9% CAGR for the next 7-year period. This segment currently accounts for a 14.6% share of the global Optical Coherence Tomography (OCT) for Ophthalmology market. Handheld OCT systems are gaining traction in lieu of their affordability and portable design, and also due to their improved capabilities in resolving issues pertaining to image quality and dearth of technological infrastructure, a major reason that hampers adoption of traditional OCT systems. Handheld instruments facilitate screening of large number of patients outside the traditional point-of-care facilities, in relatively much shorter period of time than conventional OCT systems.

The U.S. Market is Estimated at $169.9 Million in 2021, While China is Forecast to Reach $96.9 Million by 2026

The Optical Coherence Tomography (OCT) for Ophthalmology market in the U.S. is estimated at US$169.9 Million in the year 2021. The country currently accounts for a 30.97% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$96.9 Million in the year 2026 trailing a CAGR of 9.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR while Rest of European market (as defined in the study) will reach US$106.4 Million by the year 2027. Growth in developed countries is largely driven by the growing aging population and increasing incidences of refractive error, cataract and glaucoma. Growth in the market is also attributable to technology innovations. In Asia-Pacific region, countries such as India and China offer high growth potential, primarily owing to large population base, improving healthcare infrastructure, rising disposable incomes, increasing awareness regarding eye diseases coupled with high diagnosis rates.

SELECT PLAYERS

Carl Zeiss Meditec AG; Danaher Corporation; Heidelberg Engineering GmbH; Nidek Co., Ltd.; Optovue, Inc.; Topcon Corporation

SEGMENTS

» Segment (Conventional OCT Systems, Handheld & Integrated OCT Systems)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Impact on Ophthalmology Services
EXHIBIT 2: US Ophthalmology Procedures Monthly Growth: 2020 Vs 2019
EXHIBIT: US Glaucoma And Cataract Procedures Growth: March –April 2020
Ophthalmologists Gear Up to Recoup Losses after COVID-19-Induced Harrowing Phase
Optical Coherence Tomography (OCT): An Introduction
Outlook: Focus on Preventative Healthcare to Improve Demand
Developing Markets Drive Momentum
Rise in Incidence of Ocular Diseases Drive Demand for OCT Devices
Key Ophthalmic Disease Statistics
Competitive Scenario
EXHIBIT: Market Share of Leading Players in the Global Optical Coherence Tomography (OCT) Market: 2020
Recent Industry Activity
World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Adaptive Optics & OCT Achieve High-Resolution In-Vivo Retinal Imaging
Enhancing Retinal Imaging Quality
Ongoing Efforts to Improve Imaging
Handheld Devices to Extend Clinical Acceptance of Optical Coherence Tomography
Handheld OCT Devices Set to Make Big Gains
Advances in OCT Systems for High-Quality Imaging of Anterior Segment of Eye
OCT Angiography: A Growing Market with High Potential
Intraoperative OCT Gains Importance as Valuable Tool for Image-Guided Surgical Care
Intraoperative OCT Appears Poised to Transform Surgical Ophthalmic Care Domain
Growing Incidence of Diabetic Retinopathy Unfolds Significant Opportunities
OCT Revolutionizes Clinical Management of Diabetic Macular Edema
Rising Prevalence of Diabetes Fuels Growth
EXHIBIT: World Diabetes and Population Statistics (2019, 2030 & 2045)
EXHIBIT: World Diabetes Prevalence (2000-2045P)
Growing Role of OCT in Evaluating Optic Neuropathies Bodes Well
Combo OCT/Fundus Systems Widen Opportunities in Ophthalmology
At-Home OCT Emerges as New Growth Vertical
Integration of OCT in Surgical Microscopy: The Ongoing Trend
OCT Devices Gain Demand as Diagnostic Application of Lasers Gain Significant Attention
OCT Evolves as an Important Tool in Glaucoma Management
EXHIBIT: Global Population with Glaucoma and Age-Related Macular Degeneration: 2016-2030
Optical Coherence Tomography to Offer Significant Insights into AMD Progression
Deep Learning Algorithms Step In to Widen the Scope & Span of OCT
Spectral-Domain OCT for Prognostication & Management of Retinal Pathologies
Rise in Aging Population Drives Demand
EXHIBIT: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
EXHIBIT 13: World 65+ Population (In Million)
EXHIBIT 14: Life Expectancy at Birth in Years of People in Select Countries for 2020E
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
World 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2016, 2021 & 2027
World Current & Future Analysis for Conventional OCT Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Conventional OCT Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
World 11-Year Perspective for Conventional OCT Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
World Current & Future Analysis for Handheld & Integrated OCT Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Handheld & Integrated OCT Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
World 11-Year Perspective for Handheld & Integrated OCT Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2016, 2021 & 2027
UNITED STATES
USA Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
USA 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
CANADA
Canada Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Canada 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
JAPAN
Japan Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Japan 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
CHINA
China Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
China 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
EUROPE
Europe Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Europe 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2016, 2021 & 2027
Europe Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Europe 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
FRANCE
France Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
France 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
GERMANY
Germany Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Germany 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
ITALY
Italy Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Italy 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
UK 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Rest of Europe 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
ASIA-PACIFIC
Asia-Pacific Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Asia-Pacific 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Conventional OCT Systems and Handheld & Integrated OCT Systems Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2016 through 2019 and % CAGR
Rest of World 11-Year Perspective for Optical Coherence Tomography (OCT) for Ophthalmology by Segment - Percentage Breakdown of Value Sales for Conventional OCT Systems and Handheld & Integrated OCT Systems for the Years 2016, 2021 & 2027
Total Companies Profiled: 26

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