The global intravascular optical coherence tomography (Oct) imaging systems market is predicted to value over US$ 1.5 billion by the end of 2026 and growing at a CAGR of over 7% during the forecast period, 2019 to 2026.
Optical coherence tomography (OCT) is a high resolution imaging modality that uses backscattered light to produce cross sectional images of biological tissue with micrometer resolution. Intravascular OCT uses coherent light in the near infrared region of the electromagnetic spectrum, as the use of relatively longer wavelengths enables deeper penetration into highly scattering media. Intravascular OCT requires the use of an optical fiber and an imaging element to illuminate and collect back scattered light from the array wall, while rotating and pulling back the catheter optics at high speed through the lumen of artery. OCT has been adopted for numerous imaging applications in the coronaries and is demonstrated to be safe in an unselected and heterogeneous group of patients in varying clinical settings.
Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Overview
Technological evolution led to the introduction of the OCT imaging system for intravascular imaging. OCT offers higher resolution and rapid image acquisition compared traditional imaging techniques and it led to rapid adoption of OCT systems over the end users segment. Additionally, it also allows detailed optimization of stent deployment and decreases medical complications. All these features made the OCT superior over the imaging modalities in clinical practices. Further, it has extensive use in research studies and it acts complementary imaging techniques for existing technologies. Along with this, growing technologies is expected to increase the adoption of intravascular OCT imaging systems for patient evaluation and clinical trials. At present, the market is at nascent phase and it is expected to witness double digit growth rate during the forecast period.
Developed economies like North America and Europe are expected to dominate the global market. They represent more than 60% market share during the forecast period and expected to remain the same throughout forecast period. Asia Pacific is fast growing region due to increasing adoption of OCT imaging in clinical diagnosis. It is expected to gain more traction during forecast period due to changing economic conditions. Latin America and Rest of the World account small fraction in global market due to limited adoption and they represents more opportunistic space for international players
Intravascular Optical Coherence Tomography (OCT) Imaging Systems market players include Abbott, CONAVI MEDICAL, LightLab Imaging Inc., and others
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Insights on Global Intravascular Optical Coherence Tomography Market:
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
As North America and Europe are developed economies, they are expected to dominate the global market. They possess 60% share of the market and is expected to remain unchanged during the forecast period. Asia Pacific, due to a rise in OCT imaging adoption for clinical diagnosis, is a fast-growing market and is expected to grow at a faster rate during the forecast period. On the other hand, due to limited adoption of OCT imaging, Latin America and Rest of the World acquire a smaller share of the global market. But these regions have potential and are good opportunity grounds for key market players.
By Implant Type
• Time domain intravascular OCT
• Frequency domain OCT
Frequency Domain OCT (FD-OCT) is a new and an innovative OCT technique which has a data acquisition rate of 25mm/s which can help image acquisition during iodinated contrast injection thus eliminating the need for balloon occlusion. It is far more efficient than Time Domain OCT (TD-OCT) as it requires proximal balloon occlusion for an effective “clearance” of light-attenuating RBC’s during image acquisition. Thus, FD-OCT, due to its high efficiency, will have a higher growth rate in the North American and European market spaces during the forecast period as it becomes easy to adopt newer technologies in a patient pool which has a higher spending capacity. It will take some time for emerging economies to adopt FD-OCT on a larger scale but it is expected to provide positive outcome during the forecast period.
By End User
• Hospitals
• Diagnostics Laboratories
• Ophthalmic Clinics
• Outpatient Centres
Hospital segment dominates the global intravascular OCT market and is expected to do the same during the forecast period. This is due to the provision of superior infrastructure and adopting advanced technologies which are limited in case of outpatient centres and diagnostics labs. Although this trend will mainly be seen in the developed economies. The developing economy patient pool will still opt for an outpatient centre or an ophthalmic clinic as their diagnostic fees are lesser as compared to hospitals and therefore these segments will also experience a steady rise in the market during the forecast period.
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Competitive Landscape:
• Abbott Laboratories
• LightLab Imaging Inc.
• Boston Scientific Corp.
• Terumo Corp.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global intravascular optical coherence tomography (OCT) imaging systems market by region, by implant type, by end-user
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and Rest of the World
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
Introduction
Scope and Objective
Assumptions and Acronyms
Forecast Factors
Research Methodology
Executive Summary
Industry Cluster Analysis
Competition Matrix
Strategies Recommendations
Market Definition
Report Scope (Inclusions & Exclusions)
Market Segmentation
Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Overview
Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (USD Mn)
Key Inclusions
Porter’s Five Force analysis
Market Dynamics
Industry Trends
Regulatory Guidelines
Opportunities in Intravascular Optical Coherence Tomography (OCT) Imaging Systems
Competition Dynamics
Company Share Analysis (2018)
Top 10 Product Pricing by Region
Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (USD Mn), 2018-2026 by Implant Type
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (USD Mn), 2018-2026 by End User
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Global Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (USD Mn), 2018-2026 by Region
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Region,2026
North America
Latin America
Europe
Asia Pacific
Rest of world
North America Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (US$ Mn), 2018-2026
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
US
Canada
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Latin America Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (US$ Mn), 2018-2026
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
Brazil
Mexico
Argentina
Rest of Latin America
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Europe America Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (US$ Mn), 2018-2026
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
Germany
France
Spain
UK
Russia
Poland
Rest of Europe
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Asia Pacific America Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (US$ Mn), 2018-2026
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
Emerging Asia
China
India
ASEAN-5
Rest of Emerging Asia
Japan
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Rest of World America Intravascular Optical Coherence Tomography (OCT) Imaging Systems Market Revenue (US$ Mn), 2018-2026
Key Market Findings
Long Term ROI Segments
Revenue Opportunity Influencing Factors
Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
Middle East
South Africa
North Africa
Rest of World
Market Revenue (USD Mn) Assessment and Forecast by Implant Type, 2018-2026
Time domain intravascular OCT
Frequency Domain OCT
Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
Hospitals
Diagnostics Laboratories
Ophthalmic Clinics
Outpatient Centres
Company Profiles
Competition Landscape
Global Company Share (USD Mn) Overview, 2018
Company Profiles
Abbott
Corporate Overview
Financial Performance
Peer Comparison & 3C marketing equation
Company Strategy & Channel Management
CONAVI MEDICAL
Corporate Overview
Financial Performance
Peer Comparison & 3C marketing equation
Company Strategy & Channel Management
LightLab Imaging Inc.
Corporate Overview
Financial Performance
Peer Comparison & 3C marketing equation
Company Strategy & Channel Management
Others
Corporate Overview
Financial Performance
Peer Comparison & 3C marketing equation
Company Strategy & Channel Management
Research Sources & Primary Verbatim

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