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:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Apple ... care services, staged a mock evacuation of the facility as part of a disaster ... Fire Department, Echo Hose EMS and Shelton City Emergency Manager, as well as the ...
(Date:10/13/2017)... , ... October 13, 2017 , ... Global Healthcare Management’s ... Alexandria Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s ... The fun run is geared towards children of all ages; it is a ...
(Date:10/13/2017)... ... October 13, 2017 , ... “The Journey: From the ... danger possible to save lost souls in the Philippines. “The Journey: From the Mountains ... a dedicated teacher of the Bible. She has taught all ages and currently teaches ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... 2017 , ... Asante, a nationally recognized health system in ... existing home health joint venture through an agreement, effective October 1, 2017, to ... home health company with Asante, delivering clinically integrated care, for the past eight ...
Breaking Medicine News(10 mins):
(Date:10/10/2017)... -- NDS received FDA 510(k) clearance in May 2017 for its highly ... designed for endoscopy environments. An innovative secondary monitor solution, ZeroWire ... support the improvement of patient outcomes, procedural efficiency, and the lowering ... ... ...
(Date:10/4/2017)... 4, 2017  South Korean-based healthcare product Development Company ... "cprCUBE" on Kickstarter. The device will educate the user ... with better efficiency compared to the dated and pricey ... on efficacy of the compression for a more informed ... goal to raise $5,000. ...
(Date:10/2/2017)... 2017  Eli Lilly and Company (NYSE: ... third quarter of 2017 on Tuesday, October 24, 2017. ... day with the investment community and media to further ... call will begin at 9 a.m. Eastern time. Investors, ... webcast of the conference call through a link that ...
Breaking Medicine Technology: