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Optical Fibers in Endoscopy Market Expected to Reach $1.5 Billion by 2030
Optical fibers in endoscopy market was valued at $869.02 million in 2020, and is estimated to reach $1.5 billion by 2030, growing at a CAGR of 5.4% from 2021 to 2030. Optical fibers in endoscope are narrow tubes of fibers used to transmit light into the patient's body. Non-coherent fiber optic bundles transmit the light to a specific area, whereas coherent fiber optic bundle transmits the final image, which is then examined by the doctor.๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Boston Scientific Corporation, PENTAX MEDICAL (HOYA CORPORATION), COGENTIX MEDICAL, XION GMBH, HAPPERSBERGER OTOPRONT GMBH, STRAUSS SURGICAL, VIMEX SP. Z O.O (VIMEX ENDOSCOPY), FUJIFILM Holdings Corporation, KARL STORZ GMBH & CO. KG
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/4461
The optical fibers in endoscopy market is segmented into material, type, and region. On the basis of by material, the market is categorized into glass optical fibers in endoscopy and plastic optical fibers in endoscopy. By type, it is fragmented into rigid endoscopy and flexible endoscopy.
The glass optic fibers (GOF) in endoscopy segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in number of product approvals, advancements in R&D activities in pharmaceutical & medical device industries, and surge in adoption of optical fibers in endoscopy products.
North America accounted for a majority of the global optical fibers in endoscopy industry share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in production of optical fibers in endoscopy, increase in number of approvals for endoscopy products, rise in presence of key players, and surge in development of technology for healthcare in the region. Asia-Pacific is anticipated to witness lucrative growth of optical fibers in endoscopy industry, owing to increase in number of colorectal cancer cases, rise in demand for endoscopy procedures, and surge in healthcare expenditures.
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