Rising Demand for Minimally Invasive Surgeries to Drive the Demand from Global Medical Fiber Optics Market

The rising use of medical fiber optics in minimally invasive surgeries has been augmenting the demand from the global medical fiber optics market. In its report, titled “Medical Fiber Optics Market- Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2013 - 2019,” Transparency Market Research provides a holistic overview of the global medical fiber market and presents insights into the growth drivers and restraints impacting its growth trajectory.

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For the purpose of the study and to accurately arrive at market numbers, the overall market for medical fiber optics has been segmented on two fronts: applications and geography. Burning issues in this market are discussed in depth, and our analysts provide expert, fact-backed recommendations on how to plan a sustainable growth strategy in this high-growth-potential market.

The report also creates a comprehensive picture of the overall competitive dynamics that prevail in the medical fiber optics market. To understand the players within this market better, our analysts have studied each leading company on certain fixed criteria such as a company overview, financial earnings, product portfolio, a SWOT analysis, and recent developments. All of these components combine to present a holistic view of where each major competitor is headed over the remainder of the decade.

The report pegs the overall value of the global medical fiber optics market at US$863.1 mn in 2013. By the end of 2019, the market is expected to reach an overall valuation of US$1.3 bn. If these figures hold true, the global medical fiber optics market will exhibit a CAGR of 7.60% between 2013 and 2019.“The market for medical fiber optics has been substantially capitalizing on technical advancements in medical devices, resulting in their miniaturization,” said a lead TMR analyst. “The market is also gaining impetus from the rising demand for advanced technologies and rapid development in fiber technology,” he added.

Despite exhibiting a positive growth trajectory, stringent regulations to ensure high standards and the risk linked with the high intensity of fiber optic lights are some crucial challenges inhibiting the global market for medical fiber optics. Nevertheless, improvements in healthcare infrastructure and medical standards, together with growing awareness about the diverse applications of fiber optics, will enable the market to capitalize on lucrative opportunities in the near future.

The report studies the global medical fiber optics market on two fronts, namely application and regional distribution. Based on application, the global medical fiber optics market is segmented into endoscopes, fiberoptic surgical lights, fiberoptics, fiberoptic sensors, fiberoptic dental lights, and others. Regionally, the market is broadly classified into Asia Pacific, Europe, North America, and Rest of the World.

Among the segments based on applications, the endoscopes segment emerged as the dominant player in 2013, with a valuation of US$339.8 mn. The market for endoscopes is likely to expand at a positive CAGR of 8.10% during the report’s forecast period and reach US$543 mn by 2019.

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Regionally, the global medical fiber optics market is dominated by North America, since the region boasts high standards and sophisticated healthcare and medical infrastructure. Apart from this, increasing demand for minimally invasive surgeries from the region also boosts the North America market for medical fiber optics, which through the forecast period will maintain its lead in the global medical fiber optics market.

To present a comprehensive overview, the report profiles some of the leading players operating in the market such as Timbercon Inc., IPG Photonics, Coherent Inc., Schott, Rofin, Leoni AG, Vitalcor Inc., Trumph, Sunoptic Technologies, and American Medical System. Additionally, the report states that during its forecast period, Asia Pacific will exhibit the fastest CAGR as one of the regional markets for medical fiber optics.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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This release was published on openPR.