Canada Optical Coherence Tomography Market Size & Outlook
Canada optical coherence tomography market, 2018-2030 (US$M)
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Canada optical coherence tomography market highlights
- The Canada optical coherence tomography market generated a revenue of USD 94.9 million in 2024 and is expected to reach USD 226.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 15.8% from 2025 to 2030.
- In terms of segment, frequency domain optical coherence tomography (fd-oct) was the largest revenue generating technology in 2024.
- Time Domain Optical Coherence Tomography (TDOCT) is the most lucrative technology segment registering the fastest growth during the forecast period.
Optical coherence tomography market data book summary
| Market revenue in 2024 | USD 94.9 million |
| Market revenue in 2030 | USD 226.5 million |
| Growth rate | 15.8% (CAGR from 2025 to 2030) |
| Largest segment | Frequency domain optical coherence tomography (fd-oct) |
| Fastest growing segment | Time Domain Optical Coherence Tomography (TDOCT) |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Time Domain Optical Coherence Tomography (TDOCT), Frequency Domain Optical Coherence Tomography (FD-OCT), Spatially Encoded Frequency Domain OCT |
| Key market players worldwide | Agfa-Gevaert NV, Carl Zeiss Meditec AG, Heidelberg Materials AG, Imalux Corporation, Michelson Diagnostics, Novacam Technologies, Canon Inc, Metall Zug Ltd Class B, Topcon Corp, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Canada accounted for 4.3% of the global optical coherence tomography market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. optical coherence tomography market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 226.5 million by 2030.
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Optical Coherence Tomography Market Scope
Optical Coherence Tomography Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada optical coherence tomography market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to optical coherence tomography market will help companies and investors design strategic landscapes.
Frequency domain optical coherence tomography (fd-oct) was the largest segment with a revenue share of 42.68% in 2024. Horizon Databook has segmented the Canada optical coherence tomography market based on time domain optical coherence tomography (tdoct), frequency domain optical coherence tomography (fd-oct), spatially encoded frequency domain oct covering the revenue growth of each sub-segment from 2018 to 2030.
In Canada, medical devices market, especially OCT market, is majorly export oriented. Technological advancements in OCT devices are among the major factors driving the market growth. Canada OCT market is majorly based in three provinces Ontario, Quebec, and British Columbia.
Moreover, rising prevalence of diabetic retinopathy in the country. As per a report published by Diabetes Canada in 2020, diabetic retinopathy, at a prevalence of 25.1%, was the leading cause of vision loss among working-age Canadians. The aforementioned factors are responsible for the growth of the Canada OCT market.
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Our clientele includes a mix of optical coherence tomography market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada optical coherence tomography market , including forecasts for subscribers. This country databook contains high-level insights into Canada optical coherence tomography market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada optical coherence tomography oct market size, by technology, 2018-2030 (US$M)
Canada Optical Coherence Tomography Market Outlook Share, 2024 & 2030 (US$M)
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