Europe Optical Coherence Tomography Market Size & Outlook
Europe optical coherence tomography market, 2018-2030 (US$M)
Europe optical coherence tomography market highlights
- The Europe optical coherence tomography market generated a revenue of USD 453.5 million in 2023.
- The market is expected to grow at a CAGR of 15.1% from 2024 to 2030.
- In terms of segment, time domain optical coherence tomography (tdoct) was the largest revenue generating technology in 2023.
- Time Domain Optical Coherence Tomography (TDOCT) is the most lucrative technology segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 453.5 million |
| Market revenue in 2030 | USD 1,210.2 million |
| Growth rate | 15.1% (CAGR from 2023 to 2030) |
| Largest segment | Time domain optical coherence tomography (tdoct) |
| Fastest growing segment | Time Domain Optical Coherence Tomography (TDOCT) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Time Domain Optical Coherence Tomography (TDOCT) |
| 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, Europe region accounted for 23.6% of the global optical coherence tomography market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,733.4 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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Europe 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.
Time domain optical coherence tomography (tdoct) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe optical coherence tomography market based on time domain optical coherence tomography (tdoct) covering the revenue growth of each sub-segment from 2018 to 2030.
Europe captured a share of 23.8% in the global OCT market in 2021. This can be attributed to rising prevalence of cardiac disorders and increasing geriatric population. For instance, as per the European Resuscitation Council, around 350,000 patients suffer from cardiac arrests each year.
Such conditions are likely to increase the demand for OCT, as it enables their early detection. In addition, the geriatric population in this region is expected to rise significantly over the coming years.
For instance, according to Eurostat, in 2019, there were approximately 90.4 million people aged 65 years and above in EU-27. In addition, it projected around half a million centenarians will be present in EU-27 by 2050. This is likely to propel the OCT market over the forecast period.
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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 continent-level data and insights on the Europe optical coherence tomography market , including forecasts for subscribers. This continent databook contains high-level insights into Europe optical coherence tomography market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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