Hospitals Segment to Lead Optical Coherence Tomography Angiography Equipment Market During 2021-2028

According to our latest study on "Optical Coherence Tomography Angiography Equipment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market is expected to grow from US$ 388.50 million in 2021 to US$ 616.31 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028. The report highlights the key factors and trends impacting the optical coherence tomography angiography equipment market and focuses on prominent players and their strategies.

Optical coherence tomography angiography (OCTA) is a noninvasive imaging technology that produces volumetric angiography images in seconds to show both blood and structural flow information. This is a new technology with huge potential for treating retinal vascular disease. OCTA has the clinical capability of precisely localizing and defining pathology. The number of clinical studies that used OCTA has surged extensively in the last few years. Optical coherence tomography angiography is used to picture general retinal diseases, such as age-related macular degeneration and diabetic retinopathy that serve as significant reasons to cause blindness. OCTA is precise for guiding treatment and evaluating fluid accumulation in diseases concerning the retina.

The rising prevalence of eye-related disorders and a surge in the geriatric population propel the growth of the optical coherence tomography angiography equipment market. However, the lack of skilled professionals and technical challenges associated with systems limits the optical coherence tomography angiography equipment market growth.

Based on end user, the optical coherence tomography angiography equipment market is segmented into hospitals, clinics, and others. The hospitals segment held the largest market share in 2021. Moreover, this segment is anticipated to register the highest CAGR during the forecast period. The market growth of the hospitals segment is ascribed to the rising prevalence of eye-related disorders such as diabetic retinopathy, glaucoma, and other retinal disorders, which has bolstered the adoption of OCT angiography devices in hospitals. These devices offer higher pixel solutions. Furthermore, prominent players are collaborating with hospitals for expanding their product portfolios and services, which is benefitting the optical coherence tomography angiography equipment market for the hospitals segment.

NIDEK CO., LTD.; Carl Zeiss AG; OPTOVUE INCORPORATED; Canon, Inc.; OPTOPOL TECHNOLOGY SP. Z.O.O; Alcon Inc.; Michelson Diagnostics Ltd.; Topcon Corporation; SANTEC Corporation; and HEIDELBERG ENGINEERING GMBH are among the key players operating in the optical coherence tomography angiography equipment market.

The report segments the optical coherence tomography angiography equipment market as follows:

The optical coherence tomography angiography equipment market is analyzed on the basis of type and end user. Based on type, the market is categorized into handheld type and tabletop type. Based on end user, the optical coherence tomography angiography equipment market is segmented into hospitals, clinics, and others. By geography, the optical coherence tomography angiography equipment market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East and Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East and Africa), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).

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