Global Market Study on Medical Fiber Optics - Rising Preference for Minimally Invasive Surgeries to Foster Adoption


Medical Fiber Optics  Market
  • Published On : May-2019 |
  • Pages : 175 Pages |
  • Format :

The global medical fiber optics market size is expected to be nearly US$ 1,087.2 Mn in 2018. The medical fiber optics market is expected to grow at a CAGR of approximately 5.5% during the forecast period of 2018 to 2028. The illumination subsegment is expected to hold a significant market value share among the application segments of the medical fiber optics market during 2018.

medical fiber optics market value share

The hospital subsegment of the end-user segments of the medical fiber optics market is expected to hold a significant market value share in 2018 among the other subsegments. The increasing adoption of advanced technologies in hospitals for surgeries and the treatment of multiple diseases, such as peptic ulcers, is expected to fuel growth of the medical fiber optics market during the forecast period. The pure silica fiber subsegment of the fiber type segment of the medical fiber optics market is expected to hold a significant market value share in 2018. The medical fiber optics market is expected to witness significant growth during the forecast period due to technological advancements pertaining to endoscopy and other medical procedures.

Organizations such as the United States Pharmacopeia (USP) and IEC Telecommunication, focus primarily on setting standards to safeguard the quality of medicines and other healthcare technologies. Thus, medical fiber optics products need to follow some regulations and standards undertaken by these organizations.

North America and Europe are estimated to remain the largest regional markets for medical fiber optics. The high adoption of machines supporting the medical fiber optics technology in hospitals and increasing government spending on technologies pertaining to the medical field is fuelling the growth of the medical fiber optics market in the region. The medical fiber optics market in Asia Pacific is estimated to register the highest CAGR during the forecast period. Presence of a large number of hospitals having machines supporting the medical fiber optics technology and rapid economic growth is expected to fuel the growth of the medical fiber optics market in the region.

The medical fiber optics market in North America is expected to witness a significant incremental opportunity. The presence of a large number of key players in the region is responsible for the substantial growth of the medical fiber optics market in North America. Adoption of the latest technologies and advanced systems pertaining to optical fiber are already providing significant growth opportunities to the medical fiber optics market in the region.

  • Increasing number of minimally invasive surgeries is fuelling growth of the medical fiber optics market

Minimally invasive surgical procedures with the help of medical fiber optics technology are gaining popularity across various clinics and hospitals across the globe owing to benefits such as shorter length of stay, reduced bleeding, low cost, and lesser complications. This is expected to increase the demand for medical fiber optics for minimally invasive surgeries during the forecast period.

  • The medical fiber optics market is expected to witness a significant growth due to increasing use of optical fibers in the medical field

The optical fibers used in medical fiber optics technologies are resistant to electromagnetic interference and radio frequency, and find applications in real-time diagnostic imaging such as MRI, PET, and CT systems. Thus, the medical fiber optics market is expected to witness significant growth during the forecast period.

  • Advancements in sensor-based component technology are expected to register growth opportunities for the medical fiber optics market

Technological advancements in the electronics industry pertaining to sensor-based components have led to the increasing adoption of sensor-based components in combination with optical fiber in the healthcare industry. Currently, certain fiber-optic sensing mechanisms, such as Sagnac interferometers, Fiber Bragg Gratings (FBG), mach-zehnder interferometers, and fabry-perot cavities or external fiber, sensors, are predominately used in biomedical applications for sensing and image delivery. This is estimated to drive the medical fiber optics market in the near future.

Medical Fiber Optics Market – Competitive Landscape

Some of the top participants in the global medical fiber optics market include SCHOTT AG, LEONI, Newport Corporation, Coherent Inc., Molex Incorporated, Integra LifeSciences Holdings Corporation, Fiberoptics Technology Incorporated, Timbercon, and Gulf Fiberoptics. Medical fiber optics play a significant role in minimally invasive and noninvasive surgeries. Growth of the electronics and communication industry is fueling growth of the global medical fiber optics market.

A recent market study published by the company 'Medical Fiber Optics Market: Global Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028,' consists of a detailed assessment of the important market dynamics of the medical fiber optics market. The company has conducted research on the principle structure of the medical fiber optics market.

A direct overview of the medical fiber optics market provides the growth scenarios and market potential with maximum precision, which is adjudged with suitable assumptions. The report on the medical fiber optics market features the unique and relevant factors that are likely to have a high impact on the medical fiber optics market during the forecast period. This report includes a detailed and considerable amount of inclusion, which will help new manufacturers in the most comprehensive manner for better understanding.

Chapter 1 – Executive Summary

The report commences with the executive summary of the medical fiber optics market report, which includes a summary of the key findings and key statistics of the market. It includes the market value share for leading segments in the medical fiber optics market.

Chapter 2 – Market Introduction

Readers can find the market taxonomy, value chain analysis, regulations, standards derivers, and challenges faced by the medical fiber optics market in this chapter, which help understand the basic information, such as market dynamics, key players, and regulation policies, which are included in the report about the medical fiber optics market.

Chapter 3- Global Medical Fiber Optics Market Analysis and Forecast, 2014–2028

This chapter highlights the market snapshots that indicate the market value and the market value share of different segments of the medical fiber optics market.

Chapter 4 – Global Medical Fiber Optics Market Analysis 2014-2017 and Forecast 2018-2028, by Region

Based on region, the medical fiber optics market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Readers can find detailed information regarding the market value share of different regions and market attractive analysis of the medical fiber optics market based on region type.

Chapter 5 – Global Medical Fiber Optics Market Analysis 2014-2017 & Opportunity Assessment 2018-2028 by Fiber Type

Readers can find the information regarding the market value, value share, and attractiveness of the fiber type segment and sub-segments of the medical fiber optics market.

Chapter 6 – Global Medical fiber optics Market Analysis 2014-2017 & Opportunity Assessment 2018-2028 by Application

Reader can find information regarding the market value, value share, and the attractiveness of the application segment and sub-segments of the medical fiber optics market.

  Chapter 7 – Global Medical fiber optics Market Analysis 2014-2017 & Opportunity      Assessment 2018-2028 by Usage

Readers can find information regarding the market value, value share, and attractiveness of the usage segment and sub-segments of the medical fiber optics market.

Chapter 8 – Global Medical Fiber Optics Market Analysis 2014-2017 & Opportunity Assessment 2018-2028 by End-user

Reader can find information regarding the market value, value share, and attractiveness   of the end-user segment and sub-segments of the medical fiber optics market.

 Chapter 9– North America Medical Fiber Optics Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028

This chapter includes a detailed analysis of the growth being observed in the North America medical fiber optics market, along with country-wise assessment for the U.S. and Canada. Readers can also find information on the medical fiber optics market growth based on fiber type, application, usage, end-user segment, its sub-segments, and countries in North America.

Chapter 10 – Latin America Medical Fiber Optics Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028

This chapter includes a detailed analysis of the growth of the Latin America medical fiber optics market, along with a country-wise assessment, which includes Brazil, Mexico, Argentina, and the Rest of Latin America, and the medical fiber optics market attractiveness based on various segments is provided for the Latin American region.

Chapter 11 – Europe Medical Fiber Optics Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028

Important growth prospects of the medical fiber optics market can be found with market attractiveness based on fiber type, application, usage, end use, and European countries, such as the U.K., Germany, France, Italy, Russia, Spain, and rest of Europe, are included in this chapter for industry analysis.

Chapter 12 – Asia Pacific Medical Fiber Optics Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028

China, Japan, India, and rest of Asia Pacific are the leading countries/regions in the Asia Pacific region that are assessed to obtain the growth prospects of the Asia Pacific medical fiber optics market in this chapter. Readers can find detailed information about the growth parameters of the medical fiber optics market attractiveness based fiber type, application, usage, end user, and countries for medical fiber optics in the Asia Pacific region.

Chapter 13 – MEA Medical Fiber Optics Industry Analysis 2014-2017 and Opportunity Assessment 2018-2028

This chapter provides information about how the medical fiber optics market will grow in the major countries of the MEA region, such as South Africa, GCC Countries, North Africa, and the Rest of MEA, during the period 2018-2028.

Chapter 14 – Competition Landscape

This chapter includes a comprehensive list of all the leading manufacturers in the medical fiber optics market, along with detailed information about each company, including company overview, revenue share, strategic overview, and recent company developments. Market players featured in the report on the medical fiber optics market include Gulf Fiberoptics, Timbercon, Fiberoptics Technology Incorporated, Integra LifeSciences Holdings Corporation, Molex Incorporated, Coherent Inc., Newport Corporation, LEONI, and SCHOTT AG.

Chapter 15 – Assumptions and Acronyms Used

This section consists of a glossary of the assumptions and acronyms used in the medical fiber optics market report.

Chapter 16 – Research Methodology

This chapter helps readers understand the research methodology that is followed to obtain various conclusions, important qualitative information, and quantitative information about the medical fiber optics market.

Company Profiles

  • Products/Brand Offerings
  • Company Share Analysis (2016)
  • Company Highlights
  • Global Players
  • SCHOTT 
  • LEONI
  • Newport Corporation
  • Coherent Inc.
  • Molex Incorporated
  • Integra LifeSciences Holdings Corporation
  • Fiberoptics Technology Incorporated
  • Timbercon
  • Gulf Fiberoptics
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