Navigation Links
Optical Coherence Tomography Market to Top $800 Million by 2012
Date:1/14/2008

NASHUA, N.H., Jan. 14 /PRNewswire/ -- Optical coherence tomography (OCT) is a unique imaging modality that is fast becoming the most successful optics technology to date in the field of disease diagnostics. Invented at MIT in the early 1990s and first commercialized for medical imaging applications by Carl Zeiss in 1996, OCT offers the promise of fast, high-resolution diagnostic images for a variety of clinical applications. In fact, OCT has the potential to supplant existing imaging technologies in some medical specialties.

According to "Optical Coherence Tomography -- Technology, Markets, and Applications: 2008-2012," a new market research report from the publishers of BioOptics World that quantifies this rapidly growing market for the first time, the global market for OCT systems is currently around $200 million and growing at an annual rate of 34%. This growth is expected to continue at this pace for the next several years, with revenues topping $800 million by 2012.

While the first commercial application of OCT -- ophthalmology -- should remain the dominant application through 2012, new applications and products are emerging in cardiology, dentistry, cancer detection, glucose monitoring, and dermatology. In particular, commercial activity for OCT in intravascular imaging has been gaining momentum over the past 12 months, and this sector looks to be the next growth market for OCT technologies.

Much of this activity is being driven by a shift from time-domain to Fourier-domain OCT. While similar in theory and design, the Fourier-domain systems offer twice the resolution and 50 to 100 times the image-acquisition speed. In addition, because the Fourier-domain technique is not protected under the original tightly held patents that have limited competition with time-domain systems, a number of companies are now developing or marketing Fourier-domain OCT products.

"In 2006, a number of companies introduced 'spectral domain' systems to the ophthalmic market," said Greg Smolka, author of the OCT report. "These systems offer not only much faster image capture but, more important, much higher image accuracy. The new spectral-domain instruments generated a lot of buzz at the 2007 American Academy of Ophthalmology meeting, and many see them becoming the dominant imaging system in ophthalmology."

At least 18 companies are actively developing and/or manufacturing OCT systems, with many more supplying the key optical sources, detectors, and related photonics components that enable the various OCT products and applications. As this technology continues to penetrate new markets, opportunities exist for photonics companies in optical sources, detection, and delivery systems. OCT systems manufacturers profiled in the report include Carl Zeiss Meditec, Heidelberg Engineering, OPKO (Ophthalmic Technologies), Optopol, Optovue, Topcon Medical Systems, Bioptigen, GlucoLight, Fox Hollow (ev3), Lightlab Imaging, Lantis Laser, Michelson Diagnostics, Glucolight, Tomophase, Santec, Thorlabs, Volcano/CardioSpectra, and Imalux. Source and components providers are also profiled, including Cambridge Technology, Denselight, Exalos, Femtolasers, Goodrich, Inphenix, Micron Optics, Multiwave Photonics, NP Photonics, Optiphase, and Superlum.

"Optical Coherence Tomography -- Technology, Markets, and Applications: 2008-2012" will be available for purchase in February 2008, in both print ($4500) and electronic ($4995) form. All orders received prior to Feb. 11 will receive a $500 discount. For more information or to order, go to http://www.bioopticsworld.com.

About BioOptics World

Comprising a bi-monthly magazine, e-Newsletter, and web site, BioOptics World focuses on the design, development, and utilization of optical technologies for the study, diagnosis, and treatment of disease and disease processes. Set to launch in January 2008, BioOptics World is intended for researchers and engineers involved in the design and fabrication of optical components and systems used in the life sciences, and for scientists and clinicians who utilize these systems. http://www.BioOpticsWorld.com

About Laser Focus World

Published since 1965, Laser Focus World is a global media franchise for engineers, researchers, scientists, and technical professionals providing comprehensive global coverage of optoelectronics technologies, applications and markets. Each month, the magazine reports on and analyzes the latest developments and significant trends in both technology and business in the worldwide optoelectronics and photonics industry. http://www.laserfocusworld.com

About PennWell

PennWell Corporation is a diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following global industries: gas, electric power, water, electronics, semiconductor, contamination control, optoelectronics, optics, information technology, fire, emergency services and dental. Founded in 1910, PennWell publishes 75 print and online magazines and newsletters, conferences and exhibitions on six continents. http://www.pennwell.com

Media contact:

Adrienne Adler

Marketing Director

603.891.9420


'/>"/>
SOURCE PennWell Corporation
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Shamir Optical Industry Ltd. to Host Conference Call Announcing Third Quarter 2007 Earnings Results
2. Kensey Nash Announces Exclusive License of Optical Guidance Patent to Enhance Chronic Total Occlusion Platform
3. Minority patients prefer optical colonoscopy for colorectal cancer screening
4. Optical scientist honored for understanding and improving vision
5. New computed tomography system marketed
6. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic OTC Versions of Childrens Zyrtec(R) Chewable Tablets for Allergy Relief and Childrens Zyrtec(R) Chewable Tablets for Hives Relief
7. Hidden Veggies on the go hits Whole Foods Market(R) in 2008
8. Knee Implant Market Booming in China
9. LearnSomething Names Deborah Faucette to New Position of Senior Vice President of Sales and Marketing
10. Patient-Centric Healthcare Study Reveals Key Insights for Pharmaceutical Marketers
11. ASPS Survey Taps Top Markets for Regional Plastic Surgery Data
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... ... August 18, 2017 , ... ... specialized asset-light logistics provider of complex transport solutions for mission-critical and non-discretionary ... Unitrans International Corporation, a division of Roadrunner Transportation Systems, Inc. (NYSE: RRTS). ...
(Date:8/18/2017)... ... August 18, 2017 , ... ... devices. Through an educational webinar, they will present the line of epMotion automated ... learn how easy you can automate everyday pipetting tasks. , Ideal for scientists ...
(Date:8/18/2017)... Woodlands, TX (PRWEB) , ... August 18, 2017 ... ... protection assistance and financial planning services to communities in east Texas, is launching ... Pediatric Brain Tumor Foundation. , Founded in 1991, the Pediatric Brain Tumor Foundation ...
(Date:8/18/2017)... (PRWEB) , ... August 18, 2017 , ... The Golseth ... in the Dallas/Fort Worth area, is spearheading a regional charity campaign organized to provide ... , In early June of this year, Christina and her children returned from out ...
(Date:8/18/2017)... ... August 18, 2017 , ... Alcovit, a lime-flavored beverage that rids the body ... with its product now available through Jet.com. , After 25 years of development, ... drink is designed to quickly detox the body thereby avoiding alcohol-induced hangovers. Whether you’re ...
Breaking Medicine News(10 mins):
(Date:8/7/2017)...  Endo International plc (NASDAQ: ENDP ) ... all known U.S. mesh product liability claims and that ... remaining U.S. claims at reasonable values. Under the agreements, ... quarter of 2017 and continuing through the fourth quarter ... results, the Company intends to increase its mesh product ...
(Date:8/2/2017)... AROMAS, Calif. , Aug. 2, 2017 /PRNewswire/ ... by Continental Who,s Who as a Pinnacle Lifetime ... currently the Key Account Manager at Turing Pharmaceuticals, ... communications, negotiations, troubleshooting and relationship building.                ... has more than 25 years of experience ...
(Date:8/1/2017)... Aug. 1, 2017   CerSci Therapeutics , a ... Texas , has received notice from the National ... of Health (NIH) that it has been awarded a ... over $650,000 in 2017 with an additional $1,000,000 to ... New Drug application of their lead non-opioid drug candidate ...
Breaking Medicine Technology: