The global medical fiber optics market size is expected to reach USD 1,550.74 Million by 2030 according to a new study by Polaris Market Research. The 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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing use of fiber optics in non-invasive operations will propel the worldwide medicinal industry. The evolution of nanotechnology of medicinal equipment and tools utilized in operations and investigations is predicted to drive growth for optics in the medicinal industry.
The increasing use of laser technologies in different medicinal operations, as well as an increase in endoscopic procedures for diagnosis and treatment objectives, are driving industry expansion. The rising adoption of choosing non-invasive treatments over traditional open surgeries is propelling the industry. Furthermore, the benefits of negligibly invasive surgical procedures, including reduced hospitalization, lower infectious disease risk, and shorter recovery times, further boost the product's demand.
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Illumination segment is expected to hold significant shares in the global industry over the forecast period due to an upsurge in healthcare tourism owing to the less medicinal infrastructure, which in turn will create growth prospects for the industry.
Asia Pacific is expected to hold the highest market share over the forecast period, with China & India leading due to the increasing geriatric population base, which requires increasing demand for medicinal treatments and surgical techniques. In contrast, North America is expected to grow at a considerable pace due to the presence of advanced medical infrastructure and key manufacturers.
Some of the major players operating in the global market are American Medical System LLC (AMS), AFL, Applied Fibrostics, Coherent, Inc., CardioGenesis Corporation, Fiberoptics Technology, Inc., Timbercon, Inc., Integra Lifesciences Corporation, Gulf Fiberoptics, Inc., IPG Photonics, Laserscope, Leoni, Molex Incorporated, MKS Instruments, Inc, Newport Corporation, Schott, Sunoptic Technologies Inc., ROFIN-SINAR Technologies Inc., TRUMPF Group, and Vitalcor, Inc.
Polaris Market Research has segmented the medical fiber optics market report on the basis of fiber type, application, and region:
Medical Fiber Optics, Fiber Type (Revenue – USD Million, 2018 - 2030)
Medical Fiber Optics, Application Outlook (Revenue - USD Million, 2018 - 2030)
Medical Fiber Optics, Regional Outlook (Revenue - USD Million, 2018 - 2030)