Medical Fiber Optics Market, By Fiber Type (Pure Silica Fiber, (UV-Silica, Near Infrared(NIR) Silica, Metal- Coated Silica, and Plastic Clad Silica), Polycrystalline Fiber, and Polymer Optical), By End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, and Contract Research Organization), By Application (Image Transmission, Illumination, Laser Signal Delivery, Fiber Optic Confocal Scanning, and Laser soldering), By Usage (Reusable, and Disposable), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Fiber optics are thin, long strands of very pure glass, arranged in bundles that are used to translate light signals over long distances. Various medical instruments utilize fiber optics for several applications including laser signal delivery, illumination, and image transfer. Different types of fibers are used such a pure silica fiber, polycrystalline fiber, and polymer optical. Medical fiber optics are used in hospitals, diagnostic laboratories, contract research organizations, ambulatory surgical centers, specialty clinics, etc.
Market Dynamics
The adoption of the medical fiber optics is increasing in the various clinics and hospitals across the globe this is owing to the benefits such as shorter length of stay, reduced bleeding, low cost, lesser complications and others provided by the medical fiber optics. Due to these reasons the adoption of medical fiber optic is expected to increase in the medical field during the forecast period.
Furthermore, Technological advancements in the electronics industry has led to 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, mach-zehnder interferometers, Fiber Bragg Gratings (FBG), fabry-perot cavities or external fiber, and sensors are being used in the biomedical applications for sensing and image delivery. Thus, increasing technological development in the electronics sensor and technology is expected to drive the global fiber optics market during the forecast period.
Market taxonomy
This report segments the global Medical Fiber Optics market on the basis of fiber type, end user, application, usage, and region. On the basis of fiber type, the global medical fiber optics market is segmented into Pure Silica Fiber, Polycrystalline Fiber, and Polymer Optical. Further, on the basis of pure silica fiber global medical fiber optics is sub-segmented into UV-silica, near infrared (NIR) silica, metal- coated silica, and plastic clad silica. On the basis of end user, the global medical fiber optics market is segmented into hospitals, specialty clinics, ambulatory surgical centers, diagnostic laboratories, and contract research organization. On the basis of application, the global medical fiber optics market is segmented into image transmission, illumination, laser signal delivery, fiber optic confocal scanning, and laser soldering. On the basis of usage, the global medical fiber optics market is segmented into reusable, and disposable. On the basis of region, the global medical fiber optics market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global Medical Fiber Optics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022 - 2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global Medical Fiber Optics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global Medical Fiber Optics market are Leoni AG, Sunoptic Technologies LLC, Gulf Fiberoptics, Inc., Integra LifeSciences Holdings Corporation, Coherent, Inc., Molex Incorporated, Fiberoptics Technology, Inc., Newport Corporation, and Schott AG.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global Medical Fiber Optics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Medical Fiber Optics market.
Detailed Segmentation:
Global Medical Fiber Optics Market, By Fiber Type:
Pure Silica Fiber
UV-Silica
Near Infrared(NIR) Silica
Metal- Coated Silica
Plastic Clad Silica
Polycrystalline Fiber
Polymer Optical
Global Medical Fiber Optics Market, By End User:
Hospitals
Specialty Clinics
Ambulatory Surgical Centers
Diagnostic Laboratories
Contract Research Organization
Global Medical Fiber Optics Market, By Application:
Image Transmission
Illumination
Laser Signal Delivery
Fiber Optic Confocal Scanning
Laser soldering
Global Medical Fiber Optics Market, By Usage:
Reusable
Disposable
Global Medical Fiber Optics Market, By Region:
North America
Latin America
Europe
Asia Pacific
MEA
Company Profiles
Leoni AG*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Sunoptic Technologies LLC
Gulf Fiberoptics, Inc.
Integra LifeSciences Holdings Corporation
Coherent, Inc.
Molex Incorporated
Fiberoptics Technology, Inc.
Newport Corporation, and Schott AG.
*Browse all the market data tables and figures on “Global Medical Fiber Optics Market- Forecast to 2027”
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