SOURCE: Hexa Research

Hexa Research

September 10, 2015 08:45 ET

Optical Coherence Tomography Market Is to Grow at CAGR Of 9.8% From 2013 to 2019: Hexa Research Inc.

FELTON CA--(Marketwired - Sep 10, 2015) -  Optical Coherence Tomography has revealed its current usage in various applications and shows foreseeable usage in the near future. The report also discusses the usage of Optical Coherence Tomography techniques over other imaging techniques such as magnetic resonance imaging and ultrasound imaging. Researchers and market players are exploring the advantages of Optical Coherence Tomography in newer areas, leading to the increased applications and consumption of these techniques. Research and development spending, patents and research in this field are giving a new direction. Technological advancements, early disease detection and awareness among people influenced the market to grow in the foreseeable future.

The global market for optical coherence tomography (OCT) was estimated at USD 582.8 million in 2011, which reached USD 647.4 million in 2012. The optical coherence tomography market is further expected to grow at a CAGR of 9.8% from 2013 to 2019.

Browse full research report with TOC on " Optical Coherence Tomography (OCT) Market Size, Industry Trends And Forecast, 2013 - 2019" at http://www.hexaresearch.com/research-report/optical-coherence-tomography-industry/

This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:

  • North America
  • Europe
  • Asia Pacific
  • RoW

Hexa Research notes that ongoing technological research and resource deployments in new product development are expected to benefit future market growth. Opportunities also exist due to growing penetration of niche technologies like high resolution optical coherence tomography in areas like dermatology and gastroenterology. Furthermore, the market is characterized by high unmet medical needs and a steadily improving healthcare infrastructure, especially in emerging regions like Asia and Latin America.

North American optical coherence tomography industry features higher adoption of advanced imaging modalities and heavy spending from the government. These factors are likely to augment future demand. Therefore, North America is expected to retain market leadership in the coming years. Asia Pacific will experience fastest growth in the forthcoming years, mainly due to immense market potential in emerging countries of the region.

Hexa Research enlists Carl Zeiss, Heliotis AG, Michelson Diagnostics, Agfa Healthcare, etc. as the key market players in the global optical coherence tomography industry. Main application segments are ophthalmology, dermatology, cancer detection, dentistry, intra surgery for tumor margining and gastroenterology. The products can be segmented into time domain and polarization sensitive, full-field and optical delay and fourier-domain and time encoded optical coherence tomography.

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About Hexa Research:

Hexa Research Inc. is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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