NEW YORK, July 6, 2015 /PRNewswire/ -- This BCC Research report sums up the market dynamics, development and innovations in OCT systems and emphasizes the evolution and prospective applications in diverse fields. Market projections are given through 2019.
Use this report to:
- Evaluate the market for the available OCT technology.
- Analyze the potential of OCT techniques based on their technological sophistication, applicability, and market activities.
- Receive information about current patents in OCT technologies.
- Gather knowledge about the profiles of major companies in this field.
- The global market for optical coherence tomography technologies reached $722.7 million and $795.4 million in 2013 and 2014, respectively. This market is forecasted to grow at a compound annual growth rate (CAGR) of 7.9% to reach nearly $1.2 billion in 2019.
- Frequency domain OCT as a segment is projected to grow from $691.1 million in 2014 to $1 billion in 2019 at a CAGR of 7.8% for the period 2014-2019.
- Polarization sensitive OCT as a segment is expected to grow from $19.6 million in 2014 to $28.7 million by 2019, increasing at a CAGR of 7.9% for the period 2014-2019.
Introduction & Scope
This report will explore the market outlook for optical coherence tomography (OCT) techniques. BCC Research will also evaluate advanced offerings of innovative and
evolving OCT techniques. The analysis is based on the commercially available products/ platforms, technology, product introductions, their usage, research and
development (R&D), collaborations, market trends and future applications. The global OCT market is currently at a growth phase, and is mainly driven by the extensive applicability and potential that OCT techniques have shown through their successes in the commercial market and investigational studies. BCC Research's market forecast is based on the trends in OCT technology, as well as product development and investments in OCT systems.
Along with the present market analysis, this report will project the OCT market during the next five years through 2019. The report includes market analysis, applications, market leaders/manufacturers and their market share, profiles of leading companies, new developments, patent analysis, industry regulations, current outlook and drivers, and factors influencing the OCT market. The sales data and revenue for the sector were gathered from company annual reports, financial news and other relevant data sources. The period under consideration covers 2012 to 2014, with a market forecast to 2019, for OCT techniques in the North America (U.S. and Canada), Europe and emerging markets.
REASONS FOR DOING THIS STUDY
The evolving OCT market is quite promising, and is expected to grow through the forecast period with applications in medical and non-medical fields. This report will
analyze the potential of OCT techniques based on their technological sophistication, applicability, and market activities.
CONTRIBUTIONS OF THE STUDY AND INTENDED AUDIENCE
The report sums up the market dynamics, development and innovations in OCT systems and emphasizes the evolution and prospective applications in diverse fields.
The advancement and progress in OCT technologies is expected to be advantageous in sectors such as pharmaceuticals/biopharmaceuticals, art, food manufacturing,
technology, and component manufacturers. Expected end users could include multinational companies, scientists, researchers, research organizations, government
and non-government organization and others.
SCOPE OF THE STUDY
BCC Research conducted a market evaluation of the available OCT technology and shows the global and regional breakdown of sales data, OCT applications in the
commercial and research arenas, as well as existing regulation for the sector. The report also highlights current patents in OCT technologies, industry leaders and their
share of the market, and the category sizes for OCT systems, products, platforms and techniques. The report summarizes the global OCT market by category and region. North America (U.S. and Canada), Europe and emerging markets (Asian countries, South America, parts of Africa, Russia etc.) are considered for the geographical market analysis. The application of OCT techniques is based on various medical and non-medical applications such as ophthalmology, cardiology, oncology, dentistry, art, environmental
science, food and others. Statistical analyses of global and regional OCT markets' sales data were used to verify present and projected values. The technology details in the report are based on their present and possible application, practicality and suitability.
BCC Research collected related information on OCT using primary and secondary research methodologies along with other information sources. The report includes
interviews of industry representatives, practice leaders, domain experts, scientists and other veterans from the sector to gather information on the technologies. Market
analyses and projections are based on possible unit prices, usage of the particular OCT techniques, present economic outlook and plausible application of the technologies in
the industry and for R&D.
BCC Research perused relevant companies and other related sources to accumulate data for the OCT market. BCC Research met with company delegates and representatives, as well as research teams to gather details of the technologies and their market utilization. The report contains reviews of company annual reports, research papers and articles, company white papers, pharmaceutical and other newsletters, science digests, patent files, scientific journals, medical papers and journals, booklets, government published documents, online medical libraries, medical and pharmaceutical blogs, news feeds, newsletters, company literature and financial reports, product literature, periodicals, abstracts, technical articles, bulletins, pharmaceutical, biopharmaceutical and medicine databases.
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