Global Medical Fiber Optics Market Analysis


  • Type: Common Disease Area
  • Published : March 2022
  • Region: Worldwide
  • Country: Other
  • Report ID : 5118

  • Format: PPT, PDF

Global Medical Fiber Optics Market: Segmented by Type Outlook, Application Outlook, and Regional Outlook – Growth, Market Size, Future Prospects & Competitive Analysis, 2021 – 2028

SKU: 5118 Categories: ,

Report Description of the Global Medical Fiber Optics Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of Global Medical Fiber Optics  market
  • To classify and forecast Global Medical Fiber Optics  market based on application, drugs, project type, and application.
  • To identify drivers and challenges for Global Medical Fiber Optics market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in Global Medical Fiber Optics market
  • To conduct pricing analysis for Global Medical Fiber Optics market
  • To identify and analyze the profile of leading players operating in Global Medical Fiber Optics market

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for oncology  drug market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the oncology drug market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy-based consulting analysis

Global Medical Fiber Optics Market Executive Summary

According to the 2018 Plastic Surgery Statistics Report, in the U.S., approximately 1.0 million hair removal procedures were performed and around 217,836 people opted for laser treatment for leg veins and 594,266 people opted for laser skin resurfacing procedures. Lasers use optical fibers mostly made up of silica glass as they are capable of transmitting data in the form of light or optical signals over a longer distance with less energy loss. The high transparency offered makes optical fibers an ideal option for medical lasers. Hence, as the adoption of lasers in the medical field is increasing, the demand is rising.

Market Size and Key Findings

The Global Medical Fiber Optics market size is at around USD 0.927 billion in 2021 and is projected to reach USD xx billion in 2030, exhibiting a CAGR of 6.0% during the forecast period.

According to the Centers for Disease Control and Prevention (CDC), in 2019, there were around 14.8 million adults in the U.S. diagnosed with ulcers. Ulcer is a type of gastrointestinal disease and in severe cases, it requires surgical procedures. Medical fiber optics can be used in diagnosis and analysis of ulcers, which in turn, is expected to propel the global medical fiber optics market growth in the near future.

Market Dynamics

Market Growth Drivers Analysis

Growing awareness regarding the benefits associated with minimally invasive surgeries is directly contributing to the surge in the number of procedures, creating a strong demand for fiber optic wires, sensors, and miniaturized cameras, thereby driving the market for medical fiber optics in various healthcare settings. Furthermore, lasers are being widely used in cosmetology and dentistry and numerous research studies are being conducted on biomedical sensors, which is expected to fuel the growth.

Market Restraints

The high cost of maintaining the medical fiber optic-based instruments and devices is hampering the global medical fiber optics market growth. Delay in the approvals of the regulatory body for the development of the new diagnostic devices is restraining the market growth. Chemotherapy treatment for cancer diseases required high intensity of light, limiting the demand of the market.

COVID-19 impact on “Global Medical Fiber Optics Market” 

The pandemic initially has created hurdles for the market. It has destabilized the market with supply chain disruption, but the market players had opened up fiber optics to a new avenue. As covid 19 greatly affects people with comorbidities like diabetes, chronic heart disorders, pulmonary disorders, and other inflammation. To diagnose such disorders, physicians and surgeons are suggesting for imaging techniques to identify the root causes. Hence even though covid has disrupted the market initially for a short while, it has increased the demand for the fiber optics market. Every CT scan of the lungs performed on the COVID-19 patients requires a fiber film, there is a large demand surge for such film, but there is less supply to meet the demand.

Competitive Landscape

Key Players

Some prominent players in the global medical fiber optics market include Molex, AFL, Schott, Integra Lifesciences Corporation, Fiberoptics Technology Incorporated (FTI), Coherent Inc., Gulf Fiberoptics, and others

Products in Pipeline

LEONI is a global supplier of wirescables and wiring systems as well as a provider of related development services. Leoni developing some new products and applications in Fiber Optics named laser medicine, diagnostics, and spectroscopy

Notable Recent Deals

March 23, 2021 – Coherent, Inc. announced that it has received a new acquisition proposal from Lumentum Holdings Inc. Under the terms of Lumentum’s new proposal, each share of Coherent common stock would be exchanged for $230.00 in cash and 0.6724 of a share of Lumentum common stock at the completion of the transaction. The transaction would be subject to approval by Coherent’s and Lumentum’s stockholders, receipt of regulatory approvals in China and South Korea and other customary closing conditions.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario of Global Medical Fiber Optics Services

Gobal medical fiber optics market is the stringent regulations and standards regarding medical fiber optics. These regulations and standards delay the approval time of new devices and hinder the implementation of fiber optic solutions in pharmaceutical industries and hospitals.

1. Report Description of the Global Medical Fiber Optics Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Global Medical Fiber Optics Market Executive Summary
2.1 Global Medical Fiber Optics Market – Industry Snapshot & key buying criteria, 2020-2025
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of Global Medical Fiber Optics Market
3.1 Market Growth Drivers Analysis
3.1.1 Increasing number of minimally invasive surgeries
3.1.2 Growing adoption of laser technology
3.1.3 Increasing need for early cancer detection
3.2 Market Restraints Analysis
3.2.1 High cost of optic fibers
3.3 Covid-19 Market Impact Analysis
3.3.1 Positive impact on outcomes
4. Global Medical Fiber Optics Market Segmentation
4.1 By Type Analysis:
4.1.1 Single Mode Optical Fiber
4.1.2 Multimode Optical Fiber
4.2 By Application Outlook Analysis:
4.2.1 Endoscopic Imaging
4.2.2 Laser Signal Delivery
4.2.3 Biomedical Sensing
4.2.4 Illumination
4.2.5 Others
4.3 By Regional Outlook Analysis:
4.3.1 North America US Canada
4.3.2 Europe Germany UK France Italy Spain
4.3.3 Asia Pacific Japan China India South Korea Singapore Australia
4.3.4 Latin America Brazil Mexico
4.3.5 Middle East & Africa South Africa Saudi Arabia UAE
5. Global Medical Fiber Optics Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Global Medical Fiber Optics Market
6.4 Notable recent deals in Global Medical Fiber Optics Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers &Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 Molex Company Overview
Product & Services, Strategies & Financials
7.2 AFL. Company Overview
Product & Services, Strategies & Financials
7.3 Schott Company Overview
Product & Services, Strategies & Financials
7.4 Integra Lifesciences Corporation Company Overview
Product & Services, Strategies & Financials
7.5 Fiberoptics Technology Incorporated (FTI) Company Overview
Product & Services, Strategies & Financials
7.6 Coherent Inc. Company Overview
Product & Services, Strategies & Financials
7.7 Gulf Fiberoptics Company Overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Pricing and Reimbursement scenario of Global Medical Fiber Optics Market
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development Global Medical Fiber Optics Market
9.2 Future Opportunities
10. Strategic Recommendations

Oncology Drug Market Segmentation

By Type Outlook:

In 2021, the multimode optical fiber segment dominated the market and accounted for a revenue share of over 60.0% owing to the widespread adoption of multimode optical fibers in illumination solutions and surgical lighting purposes. The multimode optical fibers are easier to manufacture and more economical. These optical fibers are used when a signal or a light wave has to be transmitted over a shorter distance and are often used in transporting light from the laser source to the locations. Due to the low cost of multimode optical fibers, they are being widely used in developing nations.

  • Single Mode Optical Fiber
  • Multimode Optical Fiber

By Application Outlook :

In 2021, the illumination segment dominated the market and accounted for a revenue share of over 30.0% owing to the growing adoption of fiber optics as a source of illumination in endoscopies and as lighting solutions used in surgical procedures. For instance, Schott introduced PURAVIS – a glass optical fiber that emits white light and is ideally suitable for use in operation theatres. Furthermore, the growing usage of high-power lights in healthcare therapies such as light therapy and phototherapy is driving the segment. Moreover, light therapy is being used in hair removal, tattoo removal, and treating mental disorders such as anxiety.

  • Endoscopic Imaging
  • Laser Signal Delivery
  • Biomedical Sensing
  • Illumination
  • Others

By Regional Outlook :

In 2021, Asia Pacific dominated the market and accounted for a revenue share of over 30.0%. The Middle East and Africa region is anticipated to register the fastest growth rate over the forecast period owing to the growing incidence rate of cancer, growing awareness of benefits associated with minimally invasive surgeries, and constant developments in healthcare infrastructure. Furthermore, the growing preference for cosmetic laser surgeries is expected to fuel the growth of the MEA market.

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Singapore
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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