Latin America Optical Coherence Tomography Market Size & Outlook
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Latin America optical coherence tomography market highlights
- The Latin America optical coherence tomography market generated a revenue of USD 164.5 million in 2024.
- The market is expected to grow at a CAGR of 16.7% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 164.5 million |
| Market revenue in 2030 | USD 412.8 million |
| Growth rate | 16.7% (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 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, Latin America region accounted for 7.5% 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 |
Latin 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.
Frequency domain optical coherence tomography (fd-oct) was the largest segment with a revenue share of 44.07% in 2024. Horizon Databook has segmented the Latin America 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.
Latin American countries such as Brazil, Mexico, Colombia, Chile and Argentina sum up to be equivalent to the healthcare expenditures taken up by the highly populated countries such as India and China thus making their healthcare market, a growing market.
As the medical devices market in this region is highly fragmented, import of medical devices from other countries is done via distributors, which is one of the major challenges in this 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 continent-level data and insights on the Latin America optical coherence tomography market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America optical coherence tomography market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America optical coherence tomography oct market size, by country, 2018-2030 (US$M)
Latin America Optical Coherence Tomography Market Outlook Share, 2024 & 2030 (US$M)
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