Press release
With a 7.60% CAGR , Medical Fiber Optics Market is expected to reach US$1,336.1 mn by the end of 2019
View Full Report: http://www.transparencymarketresearch.com/medical-fiber-optics-market.html
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.
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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.
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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$543 mn by 2019.
Regionally, the global medical fiber optics market is dominated by North America, since the region boasts high standards and sophisticated healthcare and medical infrastructure. Apart from this, increasing demand for minimally invasive surgeries from the region also boosts the North America market for medical fiber optics, which through the forecast period will maintain its lead in the global medical fiber optics market.
Global Medical Fiber Optics Market Report is available @ US$ 5795
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.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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