North America Optical Coherence Tomography Market Size & Outlook
North America optical coherence tomography market, 2018-2030 (US$M)
North America optical coherence tomography market highlights
- The North America optical coherence tomography market generated a revenue of USD 658.1 million in 2023.
- The market is expected to grow at a CAGR of 14.9% 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.
North America data book summary
| Market revenue in 2023 | USD 658.1 million |
| Market revenue in 2030 | USD 1,735.4 million |
| Growth rate | 14.9% (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, North America region accounted for 34.3% 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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North America 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 North America optical coherence tomography market based on time domain optical coherence tomography (tdoct) covering the revenue growth of each sub-segment from 2018 to 2030.
North America is anticipated to dominate the Optical Coherence Tomography (OCT) market over the forecast period, after holding a market share of 34.67% in 2021. Its growth can be attributed to the rising number of ophthalmic disorders and increasing investments in R&D.
For instance, as per the CDC, approximately 12 million people aged above 40 years in the U.S. are expected to have vision impairment, including 8 million cases due to uncorrected refractive errors.
Furthermore, as per the United Nations Educational, Scientific & Cultural Organization (UNESCO), in 2018, the U.S. and Canada invested around 2.70% & 1.60% of their GDP in R&D, respectively. Thus, due to the abovementioned factors, North America’s OCT market is expected to witness significant growth 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 North America optical coherence tomography market , including forecasts for subscribers. This continent databook contains high-level insights into North America optical coherence tomography market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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