Optical coherence tomography is a technology introduced in late 1990’s as a useful tool in ophthalmological diagnostics. Time domain based OCT devices were then available with a scanning speed of 400 scans per second and resolution up to 10-15 microns.
Over the last decade, other technologies that have been developed are:
Recent hybridization of OCT with angiography forming the OCT angiography devices are gaining popularity in the medical field which finds application in cardiovascular conditions. For instance, Optovue, Leica Microsystems, and companies such as IBM are developing OCT angiography devices incorporated to analytics to provide a complete quantitative picture of the scans, thereby promoting better diagnosis.
According to various scholars and healthcare protagonists, the technology is yet to be completely exploited and still claims to retain high potentials. Efforts towards enhancing the resolution power, scanning speed and improving accuracy and multimodal imaging are currently under pipeline.
During the French Society of Ophthalmology’s annual meeting in 2014, Dr. Wolfgang Drexler a renowned scientist working towards the development of this technology emphasized the growth in its resolution capabilities since its inception along with highlighting its future potential.
Another opportunity for the market growth lies in the miniaturization and enhancement in the device designing. Currently, industry participants are conducting research towards development of “OCT in a chip” which is expected to be commercially available towards the end of the forecast period, subject to regulatory compliance and approval procedures.
In line with the aforementioned development, the OCT market is expected to witness aggressive R&D efforts, launch of multiple products and introduction of hybridized technology over the forecast period. Companies such as Carl Zeiss Meditec, Michelson Diagnostics, Thorlabs Inc., Topcon Medical Systems, Leica Microsystems, and others are expected to actively evolve and boost the market growth over the next decade.
In-depth report on global optical coherence tomography (oct) market by Grand View Research: