Rising Adoption of OCT Devices in Retinal Disease Diagnostics to Boost Market Growth
Optical Coherence Tomography Devices market The Optical Coherence Tomography Devices Market is estimated to be valued at US$ 1.7 Bn in 2023 and is expected to exhibit a CAGR of 15.57% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Optical coherence tomography (OCT) devices utilize light waves and low-coherence interferometry to generate high-resolution, three-dimensional cross-sectional images of internal ocular structures including the retina, optic disc and macula. OCT helps ophthalmologists evaluate various retinal and optic nerve conditions. Major applications of OCT devices include diagnosis and management of retinal diseases like macular edema, macular hole, glaucoma and age-related macular degeneration. Market Dynamics: The OCT devices market is driven by increasing occurrence of retinal diseases due to growing geriatric population base and rising adoption of OCT devices in diagnostic pro...