DUBLIN, May 25, 2022 /PRNewswire/ — The “Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type and End User” report has been added to from ResearchAndMarkets.com offer.
The Optical Coherence Tomography Angiography Equipment Market is Expected to Reach $616.31 million by 2028 from $388.50 million in 2021; it is expected to grow at a CAGR of 6.8% from 2021 to 2028.
The increasing prevalence of several eye disorders and the availability of cost-effective diagnostic methods are fueling the growth of the optical coherence tomography angiography equipment market. According to the report of the World Health Organization (WHO), at least 2.2 billion people in the world suffer from visual impairment near or far. Of these, at least 1 billion, or almost half of these cases, can be prevented through the incorporation of advanced technology for the early detection of ophthalmic disorders among the patient group.
For the record, 1 billion people include those with moderate or severe distance vision impairment or blindness due to untreated refractive error (88.4 million), cataracts (94 million), glaucoma (7.7 million), corneal opacities (4.2 million), diabetic retinopathy (3.9 million) and trachoma (2 million), and near vision disorders due to untreated presbyopia (826 million).
According to the report from Optica Publishing Group, OCTA has become an essential tool for the assessment of retinal health in adults and is gaining strong attention due to its non-invasive method which involves the production of objective biomarkers (an indication objective of the externally observed medical condition of the patient that can be accurately measured) allowing earlier and more effective diagnosis of retinal diseases.
Additionally, OCTA has been recommended as the standard of care in adult retinal practices due to its features such as the ability to identify subclinical disease and track disease progression in the majority of cases of blindness. Additionally, rapid product approval for optical coherence tomography angiography equipment by the Food and Drug Administration (FDA) enhances the utilization of this advanced technology.
The Optical Coherence Tomography Angiography Equipment Market has been analyzed based on type and end-user. Based on type, the market is divided into portable type and table type. The table-type segment is estimated to account for a larger market share for optical coherence tomography angiography equipment during the period 2021-2028.
According to the Association for Research in Vision and Ophthalmology report, OCTA has revolutionized the diagnosis and management of several eye disorders. Furthermore, the optica publishing report specifies that this technique is a functional extension of OCT intended for non-invasive imaging.
Therefore, most current angiography equipment are tabletop systems which are typically used for imaging compliant and seated subjects with satisfactory results in terms of reproducibility. These factors are driving the growth of the optical coherence tomography angiography equipment market for the table-type segment. On the other hand, the portable type segment is expected to register a higher CAGR during the period 2021-2028. The projected growth of the market can be attributed to the wider adoption of these devices due to the high resolution results.
In addition, the portable type is a compact battery-powered system including all optical components, processing units and a lightweight display. Moreover, the portable type features enhanced portability and supporting technologies, resulting in high adoption by hospitals and clinics around the world. The above-mentioned factors are largely responsible for the overall growth of the optical coherence tomography angiography equipment market during the forecast period of 2021 to 2028.
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Main topics covered:
2. Main Takeaways
3. Research methodology
4. Optical Coherence Tomography Angiography Equipment Market – Market Landscape
4.2 PEST analysis
4.2.1 Pest Analysis in North America
4.2.2 European PEST analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 Pest analysis in South and Central America
4.3 Expert advice
5. Global Optical Coherence Tomography Angiography Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing prevalence of eye disorders
5.1.2 Increase in the geriatric population
5.2 Market Constraints
5.2.1 Lack of qualified professionals and system challenges
5.3 Market Opportunities
5.3.1 Technological Innovation in OCT Angiography Devices
5.4 Future trends
5.4.1 Artificial intelligence in OCT angiography
6. Optical Coherence Tomography Angiography Equipment Market – Global Analysis
6.1 Global Optical Coherence Tomography Angiography Equipment Market Revenue Forecast and Analysis
6.2 Global Optical Coherence Tomography Angiography Equipment Market, by Geography – Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 – By Type
7.2 Global Optical Coherence Tomography Angiography Equipment Market, by Type, 2021 & 2028 (%)
7.3 Portable type
7.3.2 Handheld Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (USD Million)
7.4 Table type
7.4.2 Table Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (Million US$)
8. Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 – End User
8.2 Global Optical Coherence Tomography Angiography Equipment Market Share by End-User Segment – 2021 & 2028 (%)
8.3.2 Hospitals: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (Million US$)
8.4.2 Clinics: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (Million US$)
8.5.2 Other: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (Million US$)
9. Optical Coherence Tomography Angiography Equipment Market – Geographical Analysis
10. Impact of COVID-19 Pandemic on Optical Coherence Tomography Angiography Equipment Market
10.1 North America: Assessing the impact of the COVID-19 pandemic
10.2 Europe: Assessing the impact of the COVID-19 pandemic
10.3 Asia Pacific: Assessing the impact of the COVID-19 pandemic
10.4 Middle East and Africa: Assessing the impact of the COVID-19 pandemic
10.5 South and central America: Assessing the impact of the COVID-19 pandemic
11. Optical Coherence Tomography Angiography Equipment Market – Industry Landscape
11.2 Growth Strategies in Optical Coherence Tomography Angiography Equipment Market, 2021-2028
11.3 Inorganic Growth Strategies
11.4 Organic Growth Strategies
12. Company Profiles
12.1 NIDEK CO., LTD
12.1.1 Key Facts
12.1.2 Description of the activity
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Carl Zeiss AG
12.2.1 Key Facts
12.2.2 Description of the activity
12.2.3 Products and services
12.2.4 Financial overview
12.2.5 SWOT Analysis
12.2.6 Main developments
12.3 Optovue, Incorporated
12.3.1 Key Facts
12.3.2 Description of the activity
12.3.3 Products and services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Canon Inc.
12.4.1 Key Facts
12.4.2 Description of activity
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 OPTOPOL Sp. zoo technology
12.5.1 Key Facts
12.5.2 Description of activity
12.5.3 Products and services
12.5.4 Financial overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Alcon Inc.
12.6.1 Key Facts
12.6.2 Description of activity
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Michelson Diagnostics Ltd.
12.7.1 Key Facts
12.7.2 Description of activity
12.7.3 Products and services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Topcon Corporation
12.8.1 Key Facts
12.8.2 Description of activity
12.8.3 Products and services
12.8.4 Financial overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SANTEC CORPORATION
12.9.1 Key Facts
12.9.2 Description of activity
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Major Developments
12.10 Heidelberg Engineering GmbH.
12.10.1 Key Facts
12.10.2 Description of activity
12.10.3 Products and services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
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