The medical fiber optics market was valued at USD 1.18 billion in the base year, and it is expected to reach USD 1.70 billion by the end of the forecast period, registering a CAGR of 6.40%.
The medical fiber optics market is moderately competitive with the presence of many players. The market players are adopting various strategies such as product launches, mergers and acquisitions, and partnerships to stay competitive in the market. Some of the key players in the studied market are Coherent Corp., SCHOTT AG, FiberopticsTechnology, Inc., and MKS Instruments (Newport Corporation) among others.
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