Regional Analysis

Global Optical Coherence Tomography Devices Market Regional Analysis

North America is expected to hold the dominant position in the global optical coherence tomography devices market over the forecast period owing to a large customer base and increasing incidence of eye disorders among the population. For instance, in March 2019, Optvue launched AngioWellness at the Vision Expo East, New York. The AngioWellness scan utilizes Optovue's advanced AngioVue OCT Angiography (OCTA) technology to quickly assess and diagnose new pathologies in patients suffering from diabetes and may be at a risk of developing glaucoma.

Another manufacturer Avinger, launched an enhanced version of company’s Lightbox L250 in U.S., in 2016. Lightbox L250 has modified HD output via HDMI which allows for deeper integration of Avinger’s OCT imaging technology into the Cath lab environment.

Highest prevalence of eye disorders have been reported in North America. For instance, according to National Center for Biotechnology Information, (NCBI), 2016, statistics, around 11 million Americans aged 12 years and above have vision impairment and they could improve their vision through proper refractive correction. Moreover, more than 3.3 million Americans aged 40 years and above are either completely blind or have low vision. The common causes of blindness and low vision in the U.S. are primarily age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, amblyopia and strabismus.

Incidences of eye disorders have also been reported in Europe. For instance, according to the National Center for Biotechnology Information (NCBI), 2018, in the year 2017, in Western Europe around 1.16 million and 9.47 million people were affected from blindness and low vision impairment respectively.

Most of the manufacturers have wide-spread presence in the North America and European regions, therefore, modifications as well as introduction of new technologies is expected to drive the optical coherence tomography devices market growth in these regions over the forecast period.

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