North America Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Tabletop Type and Handheld Type) and End User (Hospitals, Clinics, and Others)
The North America optical coherence tomography angiography equipment market is expected to reach US$ 360.54 million by 2028 from US$ 223.74 million in 2021; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
The market growth in this region is attributed to the increasing prevalence of eye-related disorders and a rise in the geriatric population. However, the lack of skilled professionals and technical challenges associated with the equipment restrict the market growth.
Eye-related conditions and disorders include diabetic retinopathy, glaucoma, age-related macular degeneration, ocular histoplasmosis, retinal vein occlusion, and retinal breaks and detachment. Diabetic retinopathy (DR) is caused due to high blood sugar levels that damage blood vessels of the retina or cause changes to them. These changes may include swelling, leakage, or closing, thus stopping the passage of the blood. In some people, abnormal new blood vessels grow on the surface of the retina. Such changes to the retina can hamper the vision of a person. According to the NCBI article, the number of adults with DR is expected to grow from ~103.12 million in 2020 to ~160.50 million by 2045 in the world. In addition, the DR is the most common diabetic eye disease and a leading cause of blindness among US adults. As per the National Eye Institute data, the number of Americans with DR is expected to double, from 7.7 million in 2010 to 14.6 million by 2050. With more than 150 million people estimated to be living with diabetes by 2040, the number of people suffering from diabetic retinopathy and vision impairment is also expected to rise in the future.
Glaucoma, ranked as the second-leading cause of blindness globally, damages the eye’s optic nerve. According to the National Glaucoma Research data, the number of people suffering from glaucoma is projected to grow from ~80 million in 2020 to ~111 million by 2040 in United States. It is also the leading cause of irreversible blindness in the US as more than 3 million Americans are likely to be suffering from glaucoma. Among various causes of total blindness in adults, glaucoma caused 11.0% of blindness across the world in 2020, followed by diabetic retinopathy with 2.5% cases.
The optical coherence tomography (OCT) angiography helps in the evaluation of various ophthalmologic diseases, such as diabetic retinopathy, age-related macular degeneration (AMD), and retinal vascular occlusions, by providing a detailed view of the retinal vasculature that allows accurate delineation of abnormalities in diabetic eyes and vascular occlusions. It helps quantify vascular compromise depending on the severity of diabetic retinopathy. The OCT angiography can aid visibility in microaneurysms and retinal nonperfusion areas, enabling closer observation of each layer of retinal capillaries. It also evaluates the microvascular status and effectiveness of DR treatments. Hence, a rise in the prevalence of eye-related diseases boosts the adoption of OCT devices in hospitals and imaging centers, thereby driving the optical coherence tomography angiography equipment market growth.
North America Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (US$ Million)
NORTH AMERICA OPTICAL COHERENCE TOMOGRAPHY ANGIOGRAPHY EQUIPMENT MARKET SEGMENTATION
The North America optical coherence tomography angiography equipment market, based on type, has been bifurcated into handheld type and tabletop type. The market, based on end user, is segmented into hospitals, clinics, and others. In terms of country, the North America optical coherence tomography angiography equipment market is segmented into the US, Canada, and Mexico.
NIDEK CO.; LTD, Carl Zeiss AG’; Optovue Incorporated; Canon Inc.; OPTOPOL Technology Sp. z o.o; Michelson Diagnostics Ltd.; SANTEC CORPORATION; Alcon Inc.; Topcon Corporation; and Heidelberg Engineering GmbH are among the leading companies operating in the North America optical coherence tomography angiography equipment market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Optical Coherence Tomography Angiography Equipment Market – By Type
1.3.2 North America Optical Coherence Tomography Angiography Equipment Market – By End User
1.3.3 North America Optical Coherence Tomography Angiography Equipment Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Optical Coherence Tomography Angiography Equipment Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Experts Opinion
5. North America Optical Coherence Tomography Angiography Equipment Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Eye-Related Disorders
5.1.2 Rise in Geriatric Population
5.2 Market Restraints
5.2.1 Lack of Skilled Professionals and System Challenges
5.3 Market Opportunities
5.3.1 Technological Innovation in OCT Angiography Devices
5.4 Future Trends
5.4.1 Artificial Intelligence in OCT Angiography
6. Optical Coherence Tomography Angiography Equipment Market–North America Analysis
6.1 North America Optical Coherence Tomography Angiography Equipment Market Revenue Forecast and Analysis
7. North America Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts To 2028– by Type
7.1 Overview
7.2 North America Optical Coherence Tomography Angiography Equipment Market, By Type, 2021 & 2028 (%)
7.3 Handheld Type
7.3.1 Overview
7.3.2 Handheld Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Tabletop Type
7.4.1 Overview
7.4.2 Tabletop Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts to 2028 (US$ Million)
8. North America Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts To 2028 – End User
8.1 Overview
8.2 North America Optical Coherence Tomography Angiography Equipment Market Share by End User Segment - 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (US$ Million)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (US$ Million)
9. North America Optical Coherence Tomography Angiography Equipment Market–Country Analysis
9.1 North America: Optical Coherence Tomography Angiography Equipment Market
9.1.1 Overview
9.1.2 North America: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3 North America: Optical Coherence Tomography Angiography Equipment Market, by Type, 2019–2028 (US$ Million)
9.1.4 North America: Optical Coherence Tomography Angiography Equipment Market, by End User, 2019–2028 (US$ Million)
9.1.5 North America: Optical Coherence Tomography Angiography Equipment Market, by Country, 2021 & 2028 (%)
9.1.5.1 US: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.1 Overview
9.1.5.1.2 US: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1.3 US: Optical Coherence Tomography Angiography Equipment Market, by Type, 2019–2028 (US$ Million)
9.1.5.1.4 US: Optical Coherence Tomography Angiography Equipment Market, by End User, 2019–2028 (US$ Million)
9.1.5.2 Canada: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.1 Overview
9.1.5.2.2 Canada: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.2.3 Canada: Optical Coherence Tomography Angiography Equipment Market, by Type, 2019–2028 (US$ Million)
9.1.5.2.4 Canada: Optical Coherence Tomography Angiography Equipment Market, by End User, 2019–2028 (US$ Million)
9.1.5.3 Mexico: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.1 Overview
9.1.5.3.2 Mexico: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.3.3 Mexico: Optical Coherence Tomography Angiography Equipment Market, by Type, 2019–2028 (US$ Million)
9.1.5.3.4 Mexico: Optical Coherence Tomography Angiography Equipment Market, by End User, 2019–2028 (US$ Million)
10. Optical Coherence Tomography Angiography Equipment Market –Industry Landscape
10.1 Overview
10.2 Inorganic Growth Strategies
10.2.1 Overview
10.3 Organic Growth Strategies
10.3.1 Overview
11. Company Profiles
11.1 NIDEK CO., LTD
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Carl Zeiss AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Optovue, Incorporated
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Canon Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 OPTOPOL Technology Sp. z o.o.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Alcon Inc.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Michelson Diagnostics Ltd.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Topcon Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 SANTEC CORPORATION
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Heidelberg Engineering GmbH.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Cases And Age-Standardized Prevalence For Percentage Changes (1990–2020) In Adults (50 Years And Above), By Vision Impairment & Blindness, 2020
Table 2. North America Optical Coherence Tomography Angiography Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Optical Coherence Tomography Angiography Equipment Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Optical Coherence Tomography Angiography Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Optical Coherence Tomography Angiography Equipment Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Optical Coherence Tomography Angiography Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Optical Coherence Tomography Angiography Equipment Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Optical Coherence Tomography Angiography Equipment Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Optical Coherence Tomography Angiography Equipment Market, by End User– Revenue and Forecast to 2028 (US$ Million)
Table 10. Recent Inorganic Growth Strategies in the Optical Coherence Tomography Angiography Equipment Market
Table 11. Recent Organic Growth Strategies in the Optical Coherence Tomography Angiography Equipment Market
Table 12. Glossary of Terms
LIST OF FIGURES
Figure 1. Optical Coherence Tomography Angiography Equipment Market Segmentation
Figure 2. Optical Coherence Tomography Angiography Equipment Market, By Country
Figure 3. North America Optical Coherence Tomography Angiography Equipment Market Overview
Figure 4. Tabletop Segment Held Largest Share of Type Segment in Optical Coherence Tomography Angiography Equipment Market
Figure 5. North America Optical Coherence Tomography Angiography Equipment Market- Leading Country Markets (US$ Million)
Figure 6. North America: PEST Analysis
Figure 7. Experts Opinion
Figure 8. Impact Analysis of Drivers and Restraints Pertaining to Optical Coherence Tomography Angiography Equipment Market
Figure 9. North America Optical Coherence Tomography Angiography Equipment Market – By Geography Forecast and Analysis – 2021 – 2028 (US$ Million)
Figure 10. North America Optical Coherence Tomography Angiography Equipment Market, by Type, 2021 & 2028 (%)
Figure 11. Handheld Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts to 2028 (US$ Million)
Figure 12. Tabletop Type: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts to 2028 (US$ Million)
Figure 13. North America Optical Coherence Tomography Angiography Equipment Market Share by End User Segment - 2021 & 2028 (%)
Figure 14. Hospitals: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts To 2028 (US$ Million)
Figure 15. Clinics: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts To 2028 (US$ Million)
Figure 16. Others: Optical Coherence Tomography Angiography Equipment Market Revenue and Forecasts To 2028 (US$ Million)
Figure 17. North America: Optical Coherence Tomography Angiography Equipment Market, by Key Country – Revenue (2021) (US$ Million)
Figure 18. North America Optical Coherence Tomography Angiography Equipment Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America: Optical Coherence Tomography Angiography Equipment Market, by Country, 2021 & 2028 (%)
Figure 20. US: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Canada: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Mexico: Optical Coherence Tomography Angiography Equipment Market – Revenue and Forecast to 2028 (US$ Million)
- NIDEK CO., LTD
- Carl Zeiss AG
- OPTOPOL Technology Sp. z o.o,
- Optovue, Incorporated
- Alcon Inc.
- Michelson Diagnostics Ltd.
- Topcon Corporation
- SANTEC CORPORATION
- Heidelberg Engineering GmbH.
- Canon Inc.
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