Report ID :10325488 |
Published Date : 21 Oct 2022 |
Report Format : |
Delivery Timeline :48-72 Business Hours
Global Medical Fiber Optics Market is estimated to reach $1,542 million by 2024; growing at a CAGR of 6.1% from 2016 to 2024. Medical fiber optics consists of thin fiber cables that aids in transmitting data. The physical characteristics of fiber widely supports the use in medical as well as biomedical fields. Fiber optics are used in sensors, illumination, imaging, laser delivery systems, and others. Insensitivity to electromagnetic disturbance and small dimension of the fiber makes it most substantial and widespread application in medicine. The essential physical characteristics of optical fiber coupled with its flexibility in remote sensing makes it a popular technology in the field of biomedical applications.
The factors boosting the growth of the global medical fiber optics market includes rising demand for minimal invasive surgeries, need for miniaturization of medical devices, and growing adoption of fiber-optics transillumination in dentistry and other advanced diagnostic techniques. Moreover, product innovations would provide market scope for the players in the coming years. However, risk related to the intensity of light may retrain the growth of the market.
The global medical fiber optics market is categorized into application and geography. Application is further bifurcated into laser fiberoptic, endoscopes, fiberoptic dental lights, fiberoptic sensors, fiberoptic surgical lights, and others.
By geography, the market has been bifurcated into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Germany, France, Italy, and others. Asia-Pacific covers China, Japan, India, and others. RoW covers South America, Middle East, and Africa.
They key players in the market includes Timbercon, Inc., Coherent, Inc., Schott AG, American Medical System LLC, LEONI AG, Boston Scientific Corporation, IPG Photonics Corporation, ROFIN-SINAR Technologies Inc., Vitalcor, Inc., and TRUMPF Group, among others.
The key takeaways from the report:
The report will provide a detailed analysis of Global Medical Fiber Optics Market with respect to major segments such as application and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Medical Fiber Optics Market from 2015 to 2024 has been included in the report
Profile of the key players in the Global Medical Fiber Optics Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Medical Fiber Optics Market:
Application Segments
Laser Fiberoptic
Endoscopes
Fiberoptic Dental Lights
Fiberoptic Sensors
Fiberoptic Surgical Lights
Others
Geography Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia-Pacific
China
Japan
India
Others
RoW
South America
Middle East
Africa
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