The optical coherence tomography (OCT) market is expected to grow at an annual rate of almost 60% through 2015, according to a new report issued by Millennium Research Group.
Growth will be spurred by physician adoption of OCT technology, which will start to penetrate the intravascular ultrasound market as these devices become more readily available in catheterization labs and more clinical data are published to support its use, the Toronto-based firm said. The availability of both OCT and intravascular ultrasound will allow physicians to choose the best-suited imaging modality for each case, Millennium said.
St. Jude Medical of St. Paul, MN, is currently the only company participating in the U.S. optical coherence tomography catheter market, but Volcano of San Diego is also expected to launch a device in mid-2011, Millennium said.
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