Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market is estimated to be US$ 2.6 Billion by 2034 with a CAGR of 7.40% during the forecast period

Published Date: February 2024

Intravascular Optical Coherence Tomography (OCT) Imaging Systems are intravascular optical Coherence tomography is a non-invasive technology used to obtain high resolution three- dimensional images of cross-sectional area of vessels in percutaneous coronary intervention (PCI). Optical Coherence tomography uses near infrared lights to obtain an image. OCT technology was introduced in dermatology in 1997.

The rise in the use of cutting-edge technology to treat conditions like non-melanoma skin cancer, age-related macular disease, diabetic retinopathy, and prostate cancer, among others, as well as the prevalence of new cardiovascular applications in the medical field all have an impact on the market. Best features such as high resolution, quick scanning speed, accuracy, and covering of a wide diagnosis range of tissue and skin cancer disorders these factors has facilitated the growth for Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market.Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 7.40% to reach US$ 2.6 Billion by 2034.

The report “Global Intravascular  By Implant Type (Time domain intravascular OCT and Frequency Domain OCT), By End User (Hospitals, Diagnostics Laboratories, Ophthalmic Clinics, and Outpatient Centres), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa - Trends, Analysis and Forecast till 2034”

The report “Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market, By Implant Type (Time domain intravascular OCT and Frequency Domain OCT), By End User (Hospitals, Diagnostics Laboratories, Ophthalmic Clinics, and Outpatient Centres), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In May 2021, Chicago Based Abbott’s laboratories launched Artificial Intelligence optical coherence technology imaging technique in Europe “dragonfly Opstar”. The software can automatically detect the calcium-based blockages, measure the blood vessel diameter and increase precision in analysis during coronary stenting procedure. By enabling doctors to gather data from even the most intricate patient anatomy, Ultreon Software expands the application of OCT through interaction with Abbott's innovative Dragonfly OpStar imaging catheter.

Analyst View:

The rise of application sectors including the biotechnology and pharmaceutical industries is the main factor propelling the market for intravascular optical coherence tomography (OCT) imaging systems. There has been an increase in demand for intravascular optical coherence tomography (OCT) imaging systems due to their low cost and quick turnaround times. Recently, there has been an increase in patient desire for in-vivo and non-invasive technology. OCT is now the preferred technology for the healthcare sector, which will help fuel the need for intravascular optical coherence tomography (OCT) imaging systems in the years to come.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Intravascular Optical Coherence Tomography (OCT) By Implant Type (Time domain intravascular OCT and Frequency Domain OCT), By End User (Hospitals, Diagnostics Laboratories, Ophthalmic Clinics, and Outpatient Centres), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa”- trend analysis and forecast till 2032

Key Market Insights from the report:

Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market was valued at US$ 1.5 Billion in 2024 and is projected to grow at a CAGR of 7.40% to reach US$ 2.6 Billion by 2034.The Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market is segmented based on Implant type, End user and Region.

  • Based on Implant type, Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market is segmented into Time Domain Intravascular Oct and Frequency Domain Oct.
  • Based on End User, Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market is segmented into Hospitals, Diagnostics Laboratory, Ophthalmic Clinics and Outpatient Centers.
  • Based on region, Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market is segmented into North America, Europe, Asia, Latin America, middle east & Africa

Competitive Landscape & their strategies of Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market:

The prominent players operating in the Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market includes, Abbott Laboratories, lightlab Images Inc, Boston scientific Corp, terumo Corp.

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