DUBAI, United Arab Emirates, As per Future Market Insights, the global optical coherence tomography market was valued at over US$ 1.1 Bn in 2021, and is expected to exhibit a CAGR of 9.8% over the forecast period (2022-2032).
Optical coherence tomography systems include widespread applications within the medical, technical and non-medical sectors. With increasing applications, key manufacturers are focusing on innovations to persevere the novel application specifications of their products, thus maintaining a robust portfolio.
Incorporation of automated technology for early disease indication is providing a boost to the development of smart engineered devices. This is set to enhance the overall market value of optical coherence tomography systems.
FMI opines, high cost of equipment establishment and maintenance, as well as the requirement of skilled professionals for operating such systems will act as a restraint to the overall growth of the market.
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However, rising research activities on improving various device features to encompass a range of device applications along with the grant of pre-market approvals for such devices and systems is set to promote the sales of OCT systems globally.
Key Takeaways from Market Study
“Wide applications of OCT systems within the medical sphere has encouraged the adoption of optical coherence tomography systems over the globe” says an analyst of Future Market Insights.
Key companies are rapidly advancing towards the design and development of OCT systems which will promote larger precision and lower time-related analysis of disease during, thus determining accuracy with swift metrics on patient health.
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What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the optical coherence tomography market in its latest study, presenting historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research study is based on the product (time-domain (TD-OCT) systems and Fourier domain optical coherence tomography (FD-OCT) Systems (spectral domain-OCT and swept source-OCT)), application (clinical(ophthalmology, cardiovascular, dermatology and dental) and industrial (non-destructive testing, industrial quality control and others)), scanning speed (400 A-scans/sec, 4000 A-scans/sec, 20000 A-scans/sec, 32000 A-scans/sec, 40000 A-scans/sec, 70000 A-scans/sec, 80000 A-scans/sec, 100000 A-scans/sec and 250,000 A-scans/sec), end user (healthcare settings (hospitals, ambulatory surgical centres and specialty clinics), food industry, semiconductor industries, chemical & polymer industries and automotive industry) and across seven key regions of the world.
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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