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Global Medical Fiber Optics Market Is Boosted By Growing Demand For Minimally Invasive Surgeries

Global Medical Fiber Optics Market Report, published by Variant Market Research, forecast that the global market was valued at $961 million in 2016 and is expected to reach $1,542 million by 2024, growing at a CAGR of 6.1% from 2016 to 2024. In geographical segments, Asia-Pacific and RoW are expected to grow at a CAGR of 6.9% and 6.3%, respectively, during the forecast period 2016-2024.

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Unceasing miniaturization of medical devices, growing demand for advanced diagnostic technologies and triflingly invasive surgeries, advancement of technology in the field of medical fiber optics technology are the primary key factors driving the global medical fiber optics market. In spite of displaying a positive growth rate, strict rules to guarantee high standards and the risk related with the high intensity of fiber optic lights are some of the critical challenges constraining the global medical fiber optics market. Moreover, growing application of biomedical sensing optical fiber would provide future scope in the upcoming years.

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The global medical fiber optics market is segmented into application and geography. Applications segment comprises of laser fiberoptic, fiberoptics surgical lights, fiberoptic sensors, fiberoptic dental lights, endoscopes, and others. Among which, endoscopes and laser fiberoptics dominated the market with largest share, in the year 2016.
By geography, the global medical fiber optics market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2016, North America accounted for the majority of share with 41.1%, followed by Europe with 31.6%. In terms of growth, Asia-Pacific is estimated to lead the market with fastest CAGR during the forecast period, driven by increasing disposable income, improving healthcare infrastructure, technological improvements, and rise in demand for minimal invasive procedures.
Key players in the market comprises Boston Scientific Corporation, American Medical System LLC, Coherent, Inc., Schott AG, Timbercon, Inc., IPG Photonics Corporation, LEONI AG, ROFIN-SINAR Technologies Inc., TRUMPF Group, and Vitalcor, Inc., among others.

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Scope of the Global Medical Fiber Optics Market

Application Segment

• Laser Fiberoptic
• Fiberoptic Sensors
• Endoscopes
• Fiberoptic Surgical Lights
• Fiberoptic Dental Lights
• Other Applications

Geography Segment

• North America
o U.S.
o Mexico
o Other
• Europe
o UK
o Germany
o France
o Italy
o Others
• Asia-Pacific
o China
o Japan
o India
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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News Release: Global Medical Fiber Optics Market Is Boosted By Growing Demand For Minimally Invasive Surgeries
Submitted on: September 13, 2017 12:28:12 PM
Submitted by: dineshpatel
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