Medical Fiber Optics Market Size, Growth, Trends | Report 2023-2032
The global medical fiber optics market was valued at USD 4.63 billion in 2022 and it is predicted to surpass around USD 8.38 billion by 2032 with a CAGR of 6.11% from 2023 to 2032.
Key Pointers
| Report Coverage | Details |
| Market Size in 2022 | USD 4.63 billion |
| Revenue Forecast by 2032 | USD 8.38 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.11% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Integra Lifesciences Corporation; Fiberoptics Technology Incorporated (Fti); AFL; Coherent, Inc.; Timbercon, Inc.; Gulf Fiberoptics; LEONI, Newport Corporation; SCHOTT; Amphenol Corporation; LEMO, Hirose Electric Co. Ltd.; Fischer Connectors SA; ODU GmbH & Co. KG; Smiths Interconnect; Molex, LLC |
The growing prevalence of chronic conditions such as cancer, technological advancements in medical devices, awareness regarding minimally invasive surgeries, and rapidly advancing healthcare infrastructure are some of the key factors which are projected to drive the market growth during the forecast period. Besides, the COVID-19 pandemic had a slight negative impact on the growth of the market. Factors such as the cancellation of non-essential surgical procedures like dentistry, and cosmetology negatively impacted the growth of the medical fiber optics market. However, the use of optic fibers-based biosensors for the detection of COVID-19 had a positive impact on the market growth.
Moreover, the adoption of lasers in dentistry and cosmetology due to better and promising patient outcomes is expected to boost the market growth. Lasers are used in cosmetology for permanent hair removal and tattoo removal, and both procedures are increasing at a considerable rate. For instance, according to an article by Astanza, 23% of the population with tattoos later experience regret. Moreover, medical applications of laser technology include eye correction surgeries, tumor removal, kidney stone removal, and varicose vein treatment. The use of lasers prevents bleeding and promotes faster healing, which is expected to drive their adoption. For instance, the use of lasers in LASIK eye surgeries improves the precision of the procedure.
The rising number of minimally invasive surgeries performed globally is projected to drive the demand for sensors, miniaturized optical cameras, and optic fibers, thereby driving the growth of the medical fiber optics market. Minimally invasive surgeries offer advantages such as faster recovery, smaller incisions, and shorter hospital stays, which are expected to drive their adoption. The surgeries are performed for multiple conditions such as abdominal issues, hip and knee replacements, and certain types of cancers. Endoscopic surgery is the most common type of minimally invasive surgery in the U.S., with more than 20 million endoscopy surgeries being performed every year according to an article by the National Institute of Diabetes, Digestive and Kidney Diseases.
Despite several advantages, the adoption of some medical fiber optics is limited in developing and underdeveloped nations due to the high costs of the fibers. Moreover, the high cost of raw materials and high transportation costs further add up to their manufacturing costs thereby, increasing the final product price. The high maintenance costs of medical devices further add up to the cost of devices. In addition, the shortage of healthcare professionals is expected to negatively impact the growth of the market as skilled professionals are required for handling the devices.
Medical Fiber Optics Market Segmentations:
By Fiber Type
By Product Type
By Application
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Fiber Optics Market
5.1. COVID-19 Landscape: Medical Fiber Optics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Fiber Optics Market, By Fiber Type
8.1. Medical Fiber Optics Market, by Fiber Type, 2023-2032
8.1.1 Single Mode Optical Fiber
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Multimode Optical Fiber
8.1.2.1. Market Revenue and Forecast (2019-2032)
8.1.3. Plastic Optical Fiber (POF)
8.1.3.1. Market Revenue and Forecast (2019-2032)
8.1.4. Fiber Bundles
8.1.4.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Medical Fiber Optics Market, By Product Type
9.1. Medical Fiber Optics Market, by Product Type, 2023-2032
9.1.1. Fiber Optics Cable
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Fiber Optics Connectors
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Medical Fiber Optics Market, By Application
10.1. Medical Fiber Optics Market, by Application, 2023-2032
10.1.1. Endoscopic Imaging
10.1.1.1. Market Revenue and Forecast (2019-2032)
10.1.2. Laser Signal Delivery
10.1.2.1. Market Revenue and Forecast (2019-2032)
10.1.3. Biomedical Sensing
10.1.3.1. Market Revenue and Forecast (2019-2032)
10.1.4. Illumination
10.1.4.1. Market Revenue and Forecast (2019-2032)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2019-2032)
Chapter 11. Global Medical Fiber Optics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.1.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.1.3. Market Revenue and Forecast, by Application (2019-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.1.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.1.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.1.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.1.5.3. Market Revenue and Forecast, by Application (2019-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.2.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.2.3. Market Revenue and Forecast, by Application (2019-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.2.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.2.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.2.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.2.5.3. Market Revenue and Forecast, by Application (2019-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.2.6.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.2.6.3. Market Revenue and Forecast, by Application (2019-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.2.7.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.2.7.3. Market Revenue and Forecast, by Application (2019-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.3.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.3.3. Market Revenue and Forecast, by Application (2019-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.3.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.3.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.3.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.3.5.3. Market Revenue and Forecast, by Application (2019-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.3.6.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.3.6.3. Market Revenue and Forecast, by Application (2019-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.3.7.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.3.7.3. Market Revenue and Forecast, by Application (2019-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.4.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.4.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.4.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.4.5.3. Market Revenue and Forecast, by Application (2019-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.4.6.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.4.6.3. Market Revenue and Forecast, by Application (2019-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.4.7.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.4.7.3. Market Revenue and Forecast, by Application (2019-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.5.3. Market Revenue and Forecast, by Application (2019-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.5.4.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.5.4.3. Market Revenue and Forecast, by Application (2019-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)
11.5.5.2. Market Revenue and Forecast, by Product Type (2019-2032)
11.5.5.3. Market Revenue and Forecast, by Application (2019-2032)
Chapter 12. Company Profiles
12.1. Integra Lifesciences Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Fiberoptics Technology Incorporated (Fti)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. AFL
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Coherent, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Timbercon, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Gulf Fiberoptics
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. LEONI
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Newport Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. SCHOTT
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Amphenol Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers