Polaris Market Research recently published [115+ Pages] research report on “Medical Fiber Optics Market Share, Size, Trends, Industry Analysis Report, By Fiber Type (Single Mode Optical, Multimode Optical), By Application (Endoscopic Imaging, Laser Signal Delivery, Biomedical Sensing, Illumination, Others) By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global medical fiber optics market size & share was valued at USD 926.60 Million in 2021 and is expected to reach USD 1,550.74 Million by 2030, growing at a CAGR of 6.2% during the forecast period.
What is Medical Fiber Optics? How Big is Medical Fiber Optics Market Share?
- Overview
Sensing with optical fiber can help transform new and prevailing minimally invasive surgeries and surgical tools. Catheters, endoscopes, forceps, and even cutting tools can and will be improvised with sensing systems enhancing therapies and, eventually, the degree of care. The rapidly rising demand for the medical fiber optics market can be attributed to the most significant and general applications in fiber optics in medicine in the form of flexible and rigid multi-fibers composed of step index fiber and graded index imaging rods to view the internal organs.
The rapidly advancing healthcare infrastructure, increasing consciousness regarding marginally invasive surgical procedures, extensive acquisition of technologically advanced medical products, the increasing pervasiveness of chronic diseases such as cancer, and a significant rise of endoscopic techniques for diagnostic and therapeutic purposes are anticipated to boost the market growth.
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What Does the Report Include?
- Market intelligence to authorize effective decision making
- Growth opportunity and trend analysis
- Segment and regional revenue estimates for market assessments
- Competition strategy and market share analysis
- Product innovation listing for staying ahead of the curve
- The products or goods and consumption in a particular country and region
Some of the Top Market Players Are:
- AFL
- American Medical System LLC (AMS)
- Applied Fibrostics
- CardioGenesis Corporation
- Coherent Inc.
- Integra Lifesciences Corporation
- IPG Photonics
- Laserscope
- Leoni
- MKS Instruments Inc
- Molex Incorporated
- Newport Corporation
- ROFIN-SINAR Technologies Inc.
- Schott
- Sunoptic Technologies Inc.
- Timbercon Inc.
- TRUMPF Group
- Vitalcor Inc.
To Know Additional Information on Market Players, Download Sample PDF Brochure
Growth Driving Factors
- The increasing use of lasers in cosmetology and dentistry to push the market
Rising consciousness in context to advantages linked with marginally invasive surgeries is at first hand causing the rise in the number of procedures generating a robust demand for fiber optics wires, sensors, and abbreviated cameras, thereby driving the market for fiber optics in several healthcare settings. The medical fiber optics market is expanding as lasers are extensively used in cosmetology and dentistry. Several research studies are being carried out on biomedical sensors, which are anticipated to fuel the growth.
Lasers swiftly restore nonlaser technologies in several healthcare applications and generate better optimistic patient outcomes. For instance, femtosecond lasers are being used in LASIK eye surgeries in place of conventional surgeries as they offer more accuracy and precision. The medical fiber optics market sales are soaring because the usage of lasers in medical applications improvises tissue absorption, causing less bleeding and faster healing. Lasers are therefore used for several applications, such as disease diagnosis, dentistry, cosmetic procedures, and tattoo removal.
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Recent Developments
In January 2020, Radiall America Inc. obtained Timbercon Inc., an Oregon-based company making fiber optic cables for data storage, defense, medical, aerospace, industrial, broadcast, and telecommunication market.
Segmental Analysis
- The inexpensive installation and operation of multimode wires to boost the market
Based on fiber type, multimode opticals are anticipated to influence the global industry over the forecast period because of their superb durability and potentially provided by these materials. Additionally, operating, installing, and sustaining multimode wires is inexpensive. Medical fiber optics market trends include the opticals’ advancing popularity with variations in mirroring angle and multiple signals which may be handed over the same fiber.
- Increasing the use of illumination in endoscopic operations to propel the market
Based on application, the illumination segment is anticipated to hold the star shares in the market. The medical fiber optics market demand is increasing due to the requirement for illumination in endoscopic operations and lighting in surgeries. Further, the growing use of illumination in light treatment and phototherapy is propelling the segment demand, which in turn will boost the industry’s growth.
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Medical Fiber Optics Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2030 | USD 1,550.74 Million |
| Market Size 2021 Value | USD 926.60 Million |
| Expected CAGR Growth | 6.2% from 2022 – 2030 |
| Base Year | 2021 |
| Forecast Year | 2022 – 2030 |
| Top Market Players | AFL, American Medical System LLC (AMS), Applied Fibrostics, CardioGenesis Corporation, Coherent, Inc., Integra Lifesciences Corporation, IPG Photonics, Laserscope, Leoni, MKS Instruments, Inc, Molex Incorporated, Newport Corporation, ROFIN-SINAR Technologies Inc., Schott, Sunoptic Technologies Inc., Timbercon, Inc., TRUMPF Group, and Vitalcor, Inc. |
| Segments Covered | By Fiber Type, By Application, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
- Increasing marginally invasive procedures to drive the market
Asia Pacific held the largest medical fiber optics market share as it is anticipated to grow faster over the forecast period because of healthcare infrastructure across the region. Additionally, advancements in technology, together with marginally invasive procedures, are anticipated to favor the trend.
The market in North America is anticipated to advance at a sizeable pace during the projected period because of the escalation in the occurrence of chronic diseases, including cancer, diabetes, and others. Additionally, the existence of prominent market players and the growing acquisition of advanced technology in the region is anticipated to create opportunities in the medical fiber optics market.
Browse the Detail Report “Medical Fiber Optics Market Share, Size, Trends, Industry Analysis Report, By Fiber Type (Single Mode Optical, Multimode Optical), By Application (Endoscopic Imaging, Laser Signal Delivery, Biomedical Sensing, Illumination, Others) By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/medical-fiber-optics-market
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Frequently Asked Questions
- What are the current size and future growth rate of the market?
- Which region attributed to the most significant market share?
- What are the factors driving the industry?
- How is the market sub-categorized, and which are the leading segments?
- Who are the key players in the market?
- What strategies are the industry players adopting?
Polaris Market Research has segmented the medical fiber optics market report on the basis of fiber type, application, and region:
By Fiber Type Outlook
- Single-Mode Optical
- Multimode Optical
By Application Outlook
- Endoscopic Imaging
- Laser Signal Delivery
- Biomedical Sensing
- Illumination
- Others
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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