Posted in | News | Optics and Photonics

Global Market for Optical Coherence Tomography Technologies Forecast to Reach Nearly $1.2 Billion in 2019

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.

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.

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.

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.

Download the full report:


Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Azthena logo powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.