Middle East & Africa Optical Coherence Tomography Market Size & Outlook
Middle East & Africa optical coherence tomography market, 2018-2030 (US$M)
MEA optical coherence tomography market highlights
- The MEA optical coherence tomography market generated a revenue of USD 84.4 million in 2023.
- The market is expected to grow at a CAGR of 13% 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.
MEA data book summary
| Market revenue in 2023 | USD 84.4 million |
| Market revenue in 2030 | USD 198.0 million |
| Growth rate | 13% (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, MEA region accounted for 4.4% 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 |
|---|
Middle East & Africa 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 Middle East & Africa optical coherence tomography market based on time domain optical coherence tomography (tdoct) covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa market held a market share of 4.58%. Post the establishment of the Gulf Cooperation Council, the healthcare industry in the region is expected to grow at a significant rate, including the OCT market. Market growth can also be attributed to the region’s large geriatric population and increasing incidence of chronic disorders.
For instance, growing prevalence of diabetes is expected to boost the prevalence of diabetic retinopathy. According to Science Direct, the combined prevalence of diabetes in the MEA was calculated to be 14.4%. Moreover, as per the same source, around 81 million individuals are suffering from diabetes in this region.
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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 Middle East & Africa optical coherence tomography market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa optical coherence tomography market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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