Optical Coherence Tomography Market Segmentation, Trends and Business Opportunities 2020-2027
Market Insights The non-invasive nature of optical coherence tomography (OCT) and its ability to generate a false-color depiction of tissue structure has made the global market for OCT highly lucrative. OCT is comparable to ultrasound imaging, with the principal difference that the technology uses light instead of sound. Research & development of the technology has led to efficient, fast and accurate OCT devices which have branched out from ophthalmology to include medical applications in dermatology, and cardiology among others, thus facilitating growth. Market Research Future's report on OCT market predicts an estimated evaluation of USD 1.48 billion by 2023 and an impressive CAGR of 8.9% during the forecast period of 2017 to 2023. Prevalence of eye diseases and the rising occurrence of cardiac conditions have motivated market growth. Rising demand for OCT has led to R&D for technological advancements which in turn is expected to increase market growth ...