Global Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Predicted to Reach $3.24 Billion, Expanding at 12% CAGR Through 2029
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How Does the Market Size of the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market in 2029 Compare With That of 2025?
The artificial intelligence (AI) optical coherence tomography (OCT) market size has grown rapidly in recent years. It will grow from $1.84 billion in 2024 to $2.06 billion in 2025 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to increasing prevalence of eye diseases, rising adoption in ophthalmology practices, growing healthcare spending in developed nations, surge in demand for non-invasive diagnostic tools, expansion of hospital infrastructure, and rising reimbursement coverage in ophthalmology.
The artificial intelligence (AI) optical coherence tomography (OCT) market size is expected to see rapid growth in the next few years. It will grow to $3.25 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to an increasing aging population in emerging economies, growing utilization in ambulatory surgery centers, a surge in government healthcare funding, expansion of healthcare facilities in rural regions, rising demand for point-of-care diagnostics, and growing policy support for diagnostic imaging. Major trends in the forecast period include advancements in artificial intelligence imaging, innovations in portable and handheld devices, development of multimodal imaging integration, innovation in cloud-enabled workflow platforms, investment in teleophthalmology solutions, and adoption of synthetic three dimensional imaging.
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Which Key Dynamics Are Contributing to the Expansion of the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market?
The increasing prevalence of ophthalmological diseases is expected to propel the growth of the artificial intelligence (AI) optical coherence tomography (OCT) market going forward. Ophthalmological diseases refer to disorders and conditions that affect the eyes and visual system, potentially impacting vision, eye structure, or ocular health. The ophthalmological diseases are rising due to the increasing incidence of diabetes, which damages retinal blood vessels and leads to vision-threatening conditions. Artificial intelligence (AI) optical coherence tomography (OCT) aids in ophthalmological disease diagnosis by offering high-resolution retinal imaging, making it ideal for early detection and monitoring of eye conditions. They reduce diagnostic time by providing automated analysis of retinal scans, improving clinical efficiency and patient care. For instance, in May 2024, according to the Centers for Disease Control and Prevention (CDC), a US-based public health agency, the number of people affected with glaucoma reached more than 3 million and is projected to reach 6.3 million by 2050. Therefore, the increasing prevalence of ophthalmological diseases is driving the growth of the artificial intelligence (AI) optical coherence tomography (OCT) market.
Which Key Segments Are Included in the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Analysis?
The artificial intelligence (AI) optical coherence tomography (OCT) market covered in this report is segmented as
1) By Type: Table Type, Portable
2) By Technology: Time Domain Optical Coherence Tomography, Spectral Domain Optical Coherence Tomography, Swept Source Optical Coherence Tomography
3) By Application: Hospitals, Clinic, Other Applications
Subsegments:
1) By Table Type: Spectral-Domain Optical Coherence Tomography (SD-OCT), Time-Domain Optical Coherence Tomography (TD-OCT), Swept-Source Optical Coherence Tomography (SS-OCT), Full-Field Optical Coherence Tomography, Doppler Optical Coherence Tomography
2) By Portable: Handheld Optical Coherence Tomography, Smartphone Or Tablet-Based Optical Coherence Tomography, Point-Of-Care Optical Coherence Tomography Devices, Compact Or Bedside Optical Coherence Tomography Units, Wearable Optical Coherence Tomography
Which Future-Ready Trends Are Expected to Influence the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market?
Major companies operating in the artificial intelligence (AI) optical coherence tomography (OCT) market are focusing on developing advanced products, such as at-home optical coherence tomography (OCT) devices, to enhance diagnostic precision, enable remote monitoring, and streamline ophthalmic workflows. At-home optical coherence tomography (OCT) devices are portable tools that let patients capture retinal scans at home for remote monitoring of eye diseases. For instance, in May 2024, Notal Vision Inc., a US-based healthcare company, received de novo authorization for its artificial intelligence (AI)-powered SCANLY Home OCT device from the US Food and Drug Administration (FDA), the first self-operated retinal imaging device for monitoring wet age-related macular degeneration (AMD) in older adults. It uses spectral-domain optical coherence tomography (OCT) and the AI-driven Notal OCT analyzer (NOA) to identify and measure retinal biomarkers, enabling remote, high-resolution monitoring between clinic visits. This device transmits images securely to the Notal Health cloud for physician review. SCANLY is backed by current procedural terminology (CPT) billing codes and
Who Are the Key Strategic Players in the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market Ecosystem?
Major companies operating in the artificial intelligence (AI) optical coherence tomography (OCT) market are Abbott Laboratories, Canon Inc., Carl Zeiss AG, Excelitas Technologies Corp., Topcon Corporation, Thorlabs Inc., Santec Holdings Corporation, Notal Vision Inc., Optopol Technology Sp. z o.o., BigVision Tech Inc., Shenzhen Certainn Technology Co. Ltd., Conavi Medical Inc., Wasatch Photonics Inc., RSIP Vision Ltd., Visionix Ltd., Altris AI Ltd., NIDEK Co. Ltd., Perimeter Medical Imaging AI Inc., Michelson Diagnostics Ltd., and Artelus Private Limited.
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What Are the Fastest-Growing Regions in the Artificial Intelligence (AI) Optical Coherence Tomography (OCT) Market?
North America was the largest region in the artificial intelligence (AI) optical coherence tomography (OCT) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence (AI) optical coherence tomography (OCT) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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