April 13, 2024

Medical Fiber Optics Market Sales to Reach USD 1,536.2 Million By 2030

According to Precedence Research, the medical fiber optics market sales is forecasted to reach around US$ 1,536.2 million by 2030, growing at a 4% CAGR from 2021 to 2030.

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Optical fibers used for medical purposes are medical fiber optics. Optical fibers are clear and flexible fibers made from high-quality, flexible glass, silica and plastic. In general, optical fibers primarily are used as a way to pass light between two ends of fiber. It is commonly used in communication with fiber optics, allowing light to be transmitted ended long distances and at far higher bandwidths compared to wire cables. For flexible light guide systems, laser light distribution systems, flexible picture packs, and light conductors, fibers are used.

Growth Factors:

For many networking networks, fiber optics is used as a spine, which means it infiltrates many traditionally wire only manufacturing. Medical device manufacturers understand superior capabilities of the fiber optics in the transmission of a wide variety of communication signals and incorporate them into cameras, invasive surgical systems and imaging. Aimed at medical devices, and robotics data rates are continuously increasing faster, thus fiber optics offers a better networking option. The basic distinction between fiber optic and wire system is, in place of using electrical pulses via copper wires, fiber optics directs data in light pulses form down the fiber cable. Fiber optics is fast, have abundant superior capacity and provide higher per-size data rates over copper wire. Infiltration of the fiber optic cables is unlikely. Without cutting and splicing into the fibers, signals of fiber optic cannot be captured, rendering them highly protected in today’s data-heavy setting.

In addition, loss due to low signal amplitude, no sensitivity to interference of electromagnetic and no interference between adjacent lines are defined by fiber optics. For control operations and power supply, utmost systems that are equipped along with the fiber optics too need simultaneous, electrical energy. Current practice requires the usage of distinct electrical as well as connectors of fiber optic, but by integrating fiber optic and electrical signals into the solitary connector, the latest technology developed by LEMO significantly simplifies this practice. For a wide range of uses, cables of the fiber optic can be made, which means that a particular set of requirements will be needed for your application. For example, in a broadly varying setting, environmental situations are able to vary from within a regulated environment to the outside due to extreme heat and cold, extraordinary humidity.

Scope of the Medical Fiber Optics Market

Report HighlightsDetails
Market SizeUS$ 1,536.2 Million by 2030
Growth RateCAGR of 5.7% From 2022 to 2030
Base Year2021
Historic Data2017 to 2021
Forecast Period2022 to 2030
Segments CoveredType, Application, Usage, End User, and Geography

Report Highlights:

  1. Among the medical fiber optics type segment Illumination segment is dominated the overall market. The growth is attributed to increasing numbers of endoscopic surgeries worldwide where the optic fibers are used as a light source.
  2. Among the end user, hospitals segment was expected to register maximum share during the forecast period of time 2021-2030, owing to growing demand for medical fiber optics for minimally invasive surgeries that are carried out at hospitals in the developed regions across the globe.
  3. Integra Life sciences Corporation accounted for a significant share of the global medical fiber optics market.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The medical fiber optics report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

The research report deals with the industry prospects of medical fiber optics products around regions including Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. North America will dominate the global industry due to increased disposable incomes along with the innovatively advanced healthcare infrastructures, healthy medical delivery systems as well as greater healthcare expenditure in the countries of the North America. Presence of leading players in the region along with strategies that are implemented by the major players in the countries of North America is expected to witness substantial growth in the target industry in the near future.

Asia Pacific is likely to list the noteworthy CAGR, on account of rising awareness about the usage of medical fiber optics in emerging economies. Also, Most of the key players operating in the industry are investing heavily in order to get the competitive edge in the medical fiber optics market in Asia Pacific. Addition to this growth of the European countries is attributed to the growing adoption of machines that supports to the medical fiber optics technology in various Europe hospitals and upsurge in government funding for technologies. The Latin America medical fiber optics market is expected to grow at moderate CAGR in the near future. Also, Middle East and Africa region is expected to create lucrative growth opportunities in the target industry.

Key Players:

The medical fiber optics market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the medical fiber optics market include:

  • Coherent, Inc.
  • Fiberoptics Technology Incorporated (FTI)
  • Molex
  • Schott
  • Timbercon, Inc.
  • Gulf Fiberoptics
  • Integra Lifesciences Corporation
  • AFL
  • Newport Corporation
  • Leoni

Market Segmentation

By Type

  • Single mode optical fiber
  • Multimode optical fiber

By Application

  • Endoscopic imaging
  • Laser signal delivery
  • Biomedical sensing
  • Illumination
  • Others

By Usage

  • Disposable
  • Reusable

By End User

  • Hospital
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Laboratories
  • Others

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Medical Fiber Optics Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. COVID 19 Impact on Medical Fiber Optics Market

5.1. Covid-19: Medical Fiber Optics Industry Impact
5.2. Medical Fiber Optics Business Impact Assessment: Covid-19
5.2.1. Services Challenges/Disruption
5.2.2. Market Trends and Medical Fiber Optics Opportunities in the COVID-19 Landscape for Major Markets
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Medical Fiber Optics Market Players to deal with Covid-19 Pandemic Scenario

Chapter 6. Medical Fiber Optics Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.1.1. Growing preference for minimally invasive surgery
6.1.1.2. Advancements in Medical Devices
6.1.1.3. Growing use of lasers in dentistry and cosmetology and ongoing research on biomedical sensors
6.1.2. Market Restraints
6.1.2.1. Heavy Installation Costs and Environmental Damage Market Opportunities
6.1.2.2. Technological advancements

Chapter 7. Global Medical Fiber Optics Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Medical Fiber Optics Market Revenue by Market Players (2017 – 2020)
7.1.1.2. Medical Fiber Optics Market Revenue Market Share by Market Players (2017 – 2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Geographic Expansion, Process Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Market Players Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of End-users

Chapter 8. Global Medical Fiber Optics Market, By Type

8.1. Medical Fiber Optics Market, by Type, 2017-2030
8.1.1. Single mode optical fiber
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Multimode optical fiber
8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Medical Fiber Optics Market, By Application

9.1. Medical Fiber Optics Market, by Application, 2017-2030
9.1.1. Endoscopic imaging
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Laser signal delivery
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Biomedical sensing
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Illumination
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Medical Fiber Optics Market, By Usage

10.1. Medical Fiber Optics Market, by Usage, 2017-2030
10.1.1. Disposable
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Reusable
10.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Medical Fiber Optics Market, By End User

11.1. Medical Fiber Optics Market, by End User, 2017-2030
11.1.1. Hospital
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Specialty Clinics
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Ambulatory Surgical Centers
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Diagnostic Laboratories
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Medical Fiber Optics Market, Regional Estimates and Trend Forecast

12.1. North America
12.1.1. Market Revenue Forecast by Type(2017-2030)
12.1.2. Market Revenue Forecast by Application (2017-2030)
12.1.3. Market Revenue Forecast by Usage (2017-2030)
12.1.4. Market Revenue Forecast by End-user (2017-2030)
12.1.5. U.S
12.1.5.1. Market Revenue Forecast (2017-2030)
12.1.6. Canada
12.1.6.1. Market Revenue Forecast (2017-2030)
12.2. Europe
12.2.1. Market Revenue Forecast by Type (2017-2030)
12.2.2. Market Revenue Forecast by Application (2017-2030)
12.2.3. Market Revenue Forecast by Usage (2017-2030)
12.2.4. Market Revenue Forecast by End-user (2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue Forecast (2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue Forecast (2017-2030)
12.2.7. France
12.2.7.1. Market Revenue Forecast (2017-2030)
12.2.8. Rest of EU
12.2.8.1. Market Revenue Forecast (2017-2030)
12.3. Asia Pacific (APAC)
12.3.1. Market Revenue Forecast by Type (2017-2030)
12.3.2. Market Revenue Forecast by Application (2017-2030)
12.3.3. Market Revenue Forecast by Usage (2017-2030)
12.3.4. Market Revenue Forecast by End-user (2017-2030)
12.3.5. China
12.3.5.1. Market Revenue Forecast (2017-2030)
12.3.6. India
12.3.6.1. Market Revenue Forecast (2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue Forecast (2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue Forecast (2017-2030)
12.4. LATAM
12.4.1. Market Revenue Forecast by Type (2017-2030)
12.4.2. Market Revenue Forecast by Application (2017-2030)
12.4.3. Market Revenue Forecast by Usage (2017-2030)
12.4.4. Market Revenue Forecast by End-user (2017-2030)
12.4.5. Brazil
12.4.5.1. Market Revenue Forecast (2017-2030)
12.4.6. Rest of LATAM
12.4.6.1. Market Revenue Forecast (2017-2030)
12.5. Middle East and Africa (MEA)
12.5.1. Market Revenue Forecast by Type (2017-2030)
12.5.2. Market Revenue Forecast by Application (2017-2030)
12.5.3. Market Revenue Forecast by Usage (2017-2030)
12.5.4. Market Revenue Forecast by End-user (2017-2030)
12.5.5. GCC
12.5.5.1. Market Revenue Forecast (2017-2030)
12.5.6. North Africa
12.5.6.1. Market Revenue Forecast (2017-2030)
12.5.7. South Africa
12.5.7.1. Market Revenue Forecast (2017-2030)
12.5.8. Rest of MEA
12.5.8.1. Market Revenue Forecast (2017-2030)

Chapter 13. Company Profiles

13.1. Integra Life sciences Corporation
13.1.1. Company Overview, Business Information, Regional Presence
13.1.2. Product Portfolio Analysis
13.1.2.1. Product Details, Specification, Product Type
13.1.3. Revenue, Price, and Gross Margin (2017-2020)
13.1.4. Recent Developments and Strategies
13.2. Fiberoptics Technology Incorporated (FTI)
13.2.1. Company Overview, Business Information, Regional Presence
13.2.2. Product Portfolio Analysis
13.2.2.1. Product Details, Specification, Product Type
13.2.3. Revenue, Price, and Gross Margin (2017-2020)
13.2.4. Recent Developments and Strategies
13.3. AFL
13.3.1. Company Overview, Business Information, Regional Presence
13.3.2. Product Portfolio Analysis
13.3.2.1. Product Details, Specification, Product Type
13.3.3. Revenue, Price, and Gross Margin (2017-2020)
13.3.4. Recent Developments and Strategies
13.4. Molex
13.4.1. Company Overview, Business Information, Regional Presence
13.4.2. Product Portfolio Analysis
13.4.2.1. Product Details, Specification, Product Type
13.4.3. Revenue, Price, and Gross Margin (2017-2020)
13.4.4. Recent Developments and Strategies
13.5. Coherent, Inc.
13.5.1. Company Overview, Business Information, Regional Presence
13.5.2. Product Portfolio Analysis
13.5.2.1. Product Details, Specification, Product Type
13.5.3. Revenue, Price, and Gross Margin (2017-2020)
13.5.4. Recent Developments and Strategies
13.6. Timbercon, Inc.
13.6.1. Company Overview, Business Information, Regional Presence
13.6.2. Product Portfolio Analysis
13.6.2.1. Product Details, Specification, Product Type
13.6.3. Revenue, Price, and Gross Margin (2017-2020)
13.6.4. Recent Developments and Strategies
13.7. Gulf Fiberoptics
13.7.1. Company Overview, Business Information, Regional Presence
13.7.2. Product Portfolio Analysis
13.7.2.1. Product Details, Specification, Product Type
13.7.3. Revenue, Price, and Gross Margin (2017-2020)
13.7.4. Recent Developments and Strategies
13.8. Leoni
13.8.1. Company Overview, Business Information, Regional Presence
13.8.2. Product Portfolio Analysis
13.8.2.1. Product Details, Specification, Product Type
13.8.3. Revenue, Price, and Gross Margin (2017-2020)
13.8.4. Recent Developments and Strategies
13.9. Newport Corporation
13.9.1. Company Overview, Business Information, Regional Presence
13.9.2. Product Portfolio Analysis
13.9.2.1. Product Details, Specification, Product Type
13.9.3. Revenue, Price, and Gross Margin (2017-2020)
13.9.4. Recent Developments and Strategies
13.10. Schott
13.10.1. Company Overview, Business Information, Regional Presence
13.10.2. Product Portfolio Analysis
13.10.2.1. Product Details, Specification, Product Type
13.10.3. Revenue, Price, and Gross Margin (2017-2020)
13.10.4. Recent Developments and Strategies

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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