Report identifies $200M OCT market
According to “Optical Coherence Tomography - Technology, Markets, and Applications: 2008-2012,” a market-research report from PennWell, publishers of Laser Focus World and BioOptics World, the global market for OCT systems is around $200 million, with an annual growth rate of 25%. This growth is expected to continue at a compound annual rate of 33.5%, topping $800 million by 2012.
While ophthalmology is expected to remain the dominant application through 2012, new applications are emerging in cardiology, dentistry, cancer detection, glucose monitoring, and dermatology. At least 18 companies are actively developing and/or manufacturing OCT systems, with many more supplying the key related photonics components.
The report will be available in February 2008. For more information or to order, go to www.BioOpticsWorld.com