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Global Optical Coherence Tomography OCT For Healthcare And Life Science Share 2025, Forecast To 2034

19 Mar, 2025

How Has the Optical Coherence Tomography OCT For Healthcare And Life Science Market Evolved Historically and What is its Current Size?

The optical coherence tomography oct for healthcare and life science market has seen considerable growth due to a variety of factors.
• In recent years, the market size of optical coherence tomography (OCT) for healthcare and life science has experienced significant growth. The market is projected to increase from $1.96 billion in 2024 to $2.28 billion in 2025, representing a compound annual growth rate (CAGR) of 16.3%.
Factors contributing to this growth during the historical period include a higher incidence of eye diseases, an aging population, increased government initiatives in healthcare, growth of the healthcare infrastructure, rising adoption of non-invasive diagnostic instruments, and a surge in research and development in the field of medical imaging.

What is the Forecasted Market Size and CAGR for the Optical Coherence Tomography OCT For Healthcare And Life Science Market?

The optical coherence tomography oct for healthcare and life science market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for optical coherence tomography (OCT) in the fields of healthcare and life sciences is projected to witness a robust expansion in the upcoming years. It is set to soar to $4.13 billion in 2029 at a compound annual growth rate (CAGR) of 16.0%.
Numerous factors can be cited for this surge during the forecast period, such as the rising need for early detection and treatment, increasing incidence of chronic illnesses necessitating the use of OCT, an aging population, growth in investments directed towards medical imaging research, and a higher occurrence of retinal disorders. Key market trends to watch for in this forecast period involve the merging of OCT with other imaging techniques, the production of portable and handheld OCT apparatus, improvements in OCT software and data processing, as well as advancements in the use of OCT for pediatric diagnostics.

What Key Factors and Trends Are Driving The Growth Optical Coherence Tomography OCT For Healthcare And Life Science Market?

Growth in the optical coherence tomography (OCT) for healthcare and life science market is anticipated to be driven by the increasing prevalence of ocular diseases. Ocular disorders, which can cause vision loss or even blindness, impact the eyes and structures surrounding them. The swell in these diseases is largely due to the aging population and the increased occurrence of chronic illnesses, including diabetes. OCT is employed to create detailed, cross-sectional representations of the retina and optic nerve, thus aiding in the diagnosis and surveillance of ocular disorders. As reported by the Review of Optometry in December 2022, an American publication offering thorough analysis and news on eye care, almost 80 million individuals worldwide are affected by glaucoma, with 95% of these cases being open-angle glaucoma (OAG). Solely in the U.S., over three million people are currently diagnosed with this condition. Furthermore, this figure is expected to surpass 111 million by 2040. Consequently, the surging occurrence of ocular diseases will influence the growth of the OCT for healthcare and life science market.

What Are The Market Segments In The Optical Coherence Tomography OCT For Healthcare And Life Science Market?

The optical coherence tomography (OCT) for healthcare and life science market covered in this report is segmented –
1) By Type: Catheter Based Optical Coherence Tomography (OCT) Devices, Doppler Optical Coherence Tomography (OCT) Devices, Handheld Optical Coherence Tomography (OCT) Devices, Tabletop Optical Coherence Tomography (OCT) Devices
2) By Technology: Time Domain Oct (TdOct), Frequency Domain Oct (FdOct), Other Technologies
3) By Application: Ophthalmology, Cariology, Dermatology, Gastroenterology, Other Applications
4) By End Users: Hospitals, Specialty Clinics, Research Institutes, Other End Users Subsegments:
1) By Catheter Based Optical Coherence Tomography (OCT) Devices: Intravascular OCT (IV-OCT), Endoscopic OCT, Other Catheter-Based Devices
2) By Doppler Optical Coherence Tomography (OCT) Devices: Speckle-Tracking Doppler OCT, Phase-Resolved Doppler OCT
3) By Handheld Optical Coherence Tomography (OCT) Devices: Portable Handheld OCT Systems, Compact Handheld Devices
4) By Tabletop Optical Coherence Tomography (OCT) Devices: Standalone Tabletop Systems, Modular Tabletop Devices

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What Emerging Trends Are Influencing The Growth Of The Optical Coherence Tomography OCT For Healthcare And Life Science Market?

Leading corporations invested in optical coherence tomography (OCT) for the healthcare and life sciences sector are concentrating on integrating artificial intelligence systems to streamline and enhance the efficacy of OCT scanning analysis, which leads to better diagnostic precision and improved patient outcomes. Using artificial intelligence in optical coherence tomography (OCT) can boost both diagnostic precision and productivity by automating the OCT scan analysis and interpretations, thus enhancing patient results within the healthcare and life science industries. For example, in October 2022, Altris Inc., a medical technology firm from the United States, introduced Altris AI, an AI platform specifically built to automate OCT tests by producing quick analysis and visualization of 100 different retinal pathologies. This cloud-based program can automatically screen, segment, and classify OCT scans, distinguishing between normal and pathological scans. It facilitates speedy analysis of macula scans, with an average processing duration of approximately 1 minute, and is compatible with all OCT machines and file formats.

Who Are the Key Players In The Optical Coherence Tomography OCT For Healthcare And Life Science Market?

Major companies operating in the optical coherence tomography (OCT) for healthcare and life science market are:
• Abbott Laboratories
• Canon Inc.
• Carl Zeiss Meditec AG
• Leica Microsystems GmbH
• Thorlabs Inc.
• Edmund Optics Inc.
• Huvitz Co. Ltd.
• Santec Corporation
• Topcon Medical Systems Inc.
• OPTOPOL Technology SA
• NinePoint Medical
• AGFA Healthcare
• Wasatch Photonics Inc.
• Perimeter Medical Imaging AI Inc.
• Nidek Co Ltd.
• Novacam Technologies Inc.
• DermaLumics
• BaySpec Inc.
• Imalux Corporation
• Lumedica
• Phoenix-Micron Inc

What Are The Regional Insights Into The Optical Coherence Tomography OCT For Healthcare And Life Science Market?

North America was the largest region in the optical coherence tomography (OCT) for healthcare and life science 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 (OCT) for healthcare and life science market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.