Technological advancements such as the availability to visualize the eye, mucosal membranes, surface tissues, and vascular systems are other factors actively propelling the market growth. Furthermore, the broad utilization of OCT devices for drug invention and the development of imaging biological tissues at the molecular level also increase the OCT market growth. As mentioned earlier, the statistics strongly indicate that the demand for optical coherence tomography will grow significantly in the coming future. Around 22 people in every 100 were prone to ophthalmic-related disorders in 2010, estimated to be 35 by the end of 2020. Census Bureau, 65 and above populations face various kinds of ophthalmic diseases. According to the World Health Organization (WHO) statistics, the population aged 65 years and above is estimated to increase from 13% in 2010 to 53% by 2020. The aging population is prone to many eye-related problems such as diabetic retinopathy and age-related macular degeneration. The growing elderly people population is estimated to favor the global coherence tomography market growth. Along with this, collaborations with the other sector, the launch of innovative products, and the recruitment of skilled technicians in health sectors are likely to propel the growth rate of the optical coherence tomography market. By adopting new technologies, the key players in the market are revamping their production capacity. During the SARS-CoV-2 pandemic, the market faced challenges as revenue loss, economic downfall, and low demand for these products among end-users. Therefore, the optical coherence tomography market players are putting their efforts into boosting the shares in the coming years. Some have mild symptoms like cold, cough, or fever, and others may have severe risks, especially the patients suffering from chronic illness. The patients affected by the coronavirus have various symptoms. SARS-CoV-2 is a highly pathogenic human coronavirus and is a severe life-threatening respiratory illness. Impact of COVID-19 on the global optical coherence tomography market: This OCT is based on interferometry, which employs near-infrared light to produce a cross-sectional retina view. Optical Coherence Tomography (OCT) is a non-invasive optical technique used for diagnosis. The size of the market is estimated to grow USD 2.04 billion by 2027 from USD 1.2 billion in 2022. Global Optical Coherence Tomography Market Size (2022 to 2027)Īs per our research analysis, the global optical coherence tomography market is predicted to grow at a CAGR of 11.2% from 2022 to 2027.

Oct optical coherence tomography