Europe Optical Coherence Tomography Market Size & Outlook
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Europe optical coherence tomography market highlights
- The Europe optical coherence tomography market generated a revenue of USD 517.5 million in 2024.
- The market is expected to grow at a CAGR of 15.4% from 2025 to 2030.
- In terms of segment, frequency domain optical coherence tomography (fd-oct) was the largest revenue generating technology in 2024.
- Frequency Domain Optical Coherence Tomography (FD-OCT) is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Norway is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 517.5 million |
| Market revenue in 2030 | USD 1,210.2 million |
| Growth rate | 15.4% (CAGR from 2025 to 2030) |
| Largest segment | Frequency domain optical coherence tomography (fd-oct) |
| Fastest growing segment | Frequency Domain Optical Coherence Tomography (FD-OCT) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Europe region accounted for 23.5% of the global optical coherence tomography market in 2024.
- 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 1,733.5 million by 2030.
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Optical Coherence Tomography Market Scope
Optical Coherence Tomography Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Novacam Technologies | View profile | 1-10 | Pointe-claire, Quebec, Canada, North America | https://www.novacam.com/ |
| Michelson Diagnostics | View profile | 11-50 | Orpington, Bromley, United Kingdom, Europe | http://www.md-ltd.co.uk |
| Imalux Corporation | View profile | 1-10 | Cleveland, Ohio, United States, North America | - |
| Heidelberg Materials AG | View profile | 51000 | Berliner Strasse 6, Heidelberg, BW, Germany, 69120 | https://www.heidelbergmaterials.com |
| Metall Zug Ltd Class B | View profile | 2224 | Industriestrasse 66, Zug, Switzerland, 6302 | http://www.metallzug.ch |
| Agfa-Gevaert NV | View profile | 7000 | Septestraat 27, Mortsel, Belgium, B-2640 | https://www.agfa.com |
| Topcon Corp | View profile | 5543 | 75-1 Hasunuma-cho, Itabashi-ku, Tokyo, Japan, 1748580 | http://www.topcon.co.jp |
| Canon Inc | View profile | 169151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | https://www.global.canon |
| Carl Zeiss Meditec AG | View profile | 4950 | Goschwitzer Strasse 51-52, Jena, TH, Germany, 07745 | https://www.zeiss.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
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.
Frequency domain optical coherence tomography (fd-oct) was the largest segment with a revenue share of 43.54% in 2024. Horizon Databook has segmented the Europe 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.
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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Target buyers of Europe optical coherence tomography market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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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Europe optical coherence tomography oct market size, by country, 2018-2030 (US$M)
Europe Optical Coherence Tomography Market Outlook Share, 2024 & 2030 (US$M)
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