Medical Fiber Optics Market Report, by Fiber Type (Pure Silica Fiber (UV-Silica, Near Infrared (NIR) Silica, Metal- Coated Silica, Plastic Clad Silica), Polycrystalline Fiber and Polymer Optical), by End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, and Contract Research Organization), by Application (Image Transmission, Illumination, Laser Signal Delivery, Fiber Optic Confocal Scanning, Laser soldering), by Usage (Reusable and Disposable), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019-2027

  • Published On : Jun 2019 |
  • Pages : 120 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Medical Fiber Optics Market - Insights

Medical Instruments utilize fiber optics for a several of applications including illumination, image transfer, and laser signal delivery. Conventional medical fiber optic applications consist light therapy, x-ray imaging, ophthalmic lasers, dental hand pieces, surgical and diagnostic instrumentation, lab and clinical diagnostics, endoscopy, surgical microscopy, and an extensive range of equipment and instrument illumination.

Optical fibers have features such as small size, immunity to electromagnetic interferences, and its suitability for remote monitoring and multiplexing, which work as an advantage in medical field. The smaller dimensions of optical fiber-based pressure sensors, along with lightweight and flexibility, implies that the sensors are utilized for many medical applications. This implies that the sensor can be positioned directly inside a patient. For instance, assessment of urinary bladder and cardiovascular.

The global medical fiber optics market is expected to witness significant growth during the forecast period (2019–2027). The market growth is majorly attributed to increasing benefits of medical fiber optics in surgeries and diagnosis. Use of medical fiber optics helps in intensive diagnosis, performing critical surgeries, and processes like endoscopy.

Figure 1. Global Medical Fiber Optics Share (%), by Region, 2017

Medical Fiber Optics  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

Increasing number of minimally invasive surgery (MIS) is expected to support growth of the global medical fiber optics market

MIS is a surgical procedure performed through tiny incisions, instead of large opening, on the patient’s body. This procedure is gaining popularity across various hospitals and clinics throughout the globe, owing to benefits such as reduced bleeding, shorter length of stay, low-cost, and few complications. Fiber optic can be flexible, light, and can be placed in space-restricted environments such as instrument catheters for highly localized measurements and is ideal for MIS. This is expected to increase demand for fiber optic for MIS during the forecast period.

Moreover, optical fiber is chemically inert, non-toxic, and can be fabricated to a smaller size. Furthermore, optical fibers are resistant to electromagnetic interference and radio frequency, and find application in real-time diagnostic imaging such as MRI, PET, and CT systems. Optical fibers can be inserted into various medical components and devices such as catheters and needles. The aforementioned factors and benefits are expected to increase demand for medical optical fiber during the forecast period.

Figure 2. Global Medical Fiber Optics Market (%), By Fiber Type, 2017

Medical Fiber Optics  | Coherent Market Insights

Source: Coherent Market Insights, 2018-19

North America is expected to account for the largest market share in the global medical fiber optics market during the forecast period. Asia Pacific is expected to witness fastest growth in the market over the forecast period. The market growth in North America is attributed to the presence of large number of market players in the region such as Coherent Inc., Timbercon, Inc. and Newport Corporation and increasing need for precision and safety in medical processes such as surgeries. In Asia Pacific, the market growth is owing to significant rise in the number of medical facilities and also increasing need for advanced medical treatment.  

Advancement in sensor-based component technology is boosting growth of the market

Technological advancements in the electronics industry, especially sensor-based components has led to increasing adoption of sensor-based components, in combination with optical fiber, in the healthcare industry. Currently, certain fiber-optic sensing mechanisms such as Sagnac interferometer, Fiber Bragg Gratings (FBG), Mach-Zehnder interferometer, and Fabry-Perot cavities or external fiber (EFPI) sensors are predominately used in bio-medical application for sensing and image delivery. This is expected to drive growth of the global medical fiber optic market in the near future.

Some of the key players operating in the global medical fiber optics market include Leoni AG, Gulf Fiberoptics, Inc., Coherent, Inc., Timbercon, Inc., Fiberoptics Technology, Inc., Schott AG, Newport Corporation, Molex Incorporated, Integra LifeSciences Holdings Corporation, and Sunoptic Technologies LLC

Medical fiber optics is used significantly in various medical applications such as surgeries and diagnosis, as this technology helps in access of inaccessible areas of human body and allows laser and lights to transmit through it.

Market Dynamics

Technological advancements in the electronics industry, especially sensor-based components has led to increasing adoption of sensor-based components, in combination with optical fiber, in the healthcare industry. Currently, certain fiber-optic sensing mechanisms such as Sagnac interferometer, Fiber Bragg gratings (FBG), Mach-Zehnder interferometer, and Fabry-Perot cavities or external fiber (EFPI) sensors are predominately used in bio-medical application such as internal organ failure diagnosis, for sensing and image delivery. This is expected to drive growth of the global medical fiber optic market in the near future.

One of the primary challenges faced by the healthcare industry is integrating various solutions and technologies that can aid physicians to diagnose and monitor patients effectively owing to the insufficient implementation of technologies. Furthermore, medical devices and instrument providers offer various devices that are compatible with certain optical fibers, due to technical specifications and requirements. This is expected to hinder demand for medical optical fiber for applications in the medical industry.

Key features of the study:

  • This report provides in-depth analysis of global medical fiber optics market size (US$ Mn) and compound annual growth rate (CAGR %) for the forecast period 2019– 2027, considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key market players
  • It profiles key players in the global medical fiber optics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, medical fiber optics market capital, key developments, strategies, and future plans
  • Companies covered as part of this study include Leoni AG, Gulf Fiberoptics, Inc., Coherent, Inc., Timbercon, Inc., Fiberoptics Technology, Inc., Schott AG, Newport Corporation, Molex Incorporated, Integra LifeSciences Holdings Corporation, and Sunoptic Technologies LLC
  • Insights from this report would allow marketers and management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
  • The global medical fiber optics market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical fiber optics market

Detailed Segmentation:

  • Global Medical Fiber Optics Market, By Fiber Type:
    • Pure Silica Fiber
      • UV-Silica
      •  Near Infrared (NIR) Silica
      •  Metal- Coated Silica
      •  Plastic Clad Silica
    • Polycrystalline Fiber
    • Polymer Optical
  • Global Medical Fiber Optics Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Ambulatory Surgical Centers
    • Diagnostic Laboratories
    • Contract Research Organization
  • Global Medical Fiber Optics Market, By Application:
    • Image Transmission
    • Illumination
    • Laser Signal Delivery
    • Fiber Optic Confocal Scanning
    • Laser soldering
  • Global Medical Fiber Optics Market, By Usage:
    • Reusable
    • Disposable
  • Global Medical Fiber Optics Market, By Region:
    • North America
      • By Fiber Type:
        • Pure Silica Fiber
          • UV-Silica
          •  Near Infrared(NIR) Silica
          •  Metal- Coated Silica
          •  Plastic Clad Silica
        • Polycrystalline Fiber
        • Polymer Optical  
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Laboratories
        • Contract Research Organization  
      • By Application:
        • Image Transmission
        • Illumination
        • Laser Signal Delivery
        • Fiber Optic Confocal Scanning
        • Laser soldering
      • By Usage:
        • Reusable
        • Disposable   
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Fiber Type:
        • Pure Silica Fiber
          • UV-Silica
          •  Near Infrared(NIR) Silica
          •  Metal- Coated Silica
          •  Plastic Clad Silica
        • Polycrystalline Fiber
        • Polymer Optical 
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Laboratories
        • Contract Research Organization 
      • By Application:
        • Image Transmission
        • Illumination
        • Laser Signal Delivery
        • Fiber Optic Confocal Scanning
        • Laser soldering
      • By Usage:
        • Reusable
        • Disposable
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Rest of Europe
    • Asia Pacific
      • By Fiber Type:
        • Pure Silica Fiber
          • UV-Silica
          •  Near Infrared(NIR) Silica
          •  Metal- Coated Silica
          •  Plastic Clad Silica
        • Polycrystalline Fiber
        • Polymer Optical 
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Laboratories
        • Contract Research Organization 
      • By Application:
        • Image Transmission
        • Illumination
        • Laser Signal Delivery
        • Fiber Optic Confocal Scanning
        • Laser soldering
      • By Usage:
        • Reusable
        • Disposable
      • By Country:
        • China
        • India
        • Japan
        • Australia & New Zealand
        • Rest of Asia Pacific
    • Latin America
      • By Fiber Type:
        • Pure Silica Fiber
          • UV-Silica
          •  Near Infrared(NIR) Silica
          •  Metal- Coated Silica
          •  Plastic Clad Silica
        • Polycrystalline Fiber
        • Polymer Optical 
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Laboratories
        • Contract Research Organization 
      • By Application:
        • Image Transmission
        • Illumination
        • Laser Signal Delivery
        • Fiber Optic Confocal Scanning
        • Laser soldering
      • By Usage:
        • Reusable
        • Disposable
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Fiber Type:
        • Pure Silica Fiber
          • UV-Silica
          •  Near Infrared(NIR) Silica
          •  Metal- Coated Silica
          •  Plastic Clad Silica
        • Polycrystalline Fiber
        • Polymer Optical 
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Laboratories
        • Contract Research Organization 
      • By Application:
        • Image Transmission
        • Illumination
        • Laser Signal Delivery
        • Fiber Optic Confocal Scanning
        • Laser soldering
      • By Usage:
        • Reusable
        • Disposable
      • By Country/Region:
        • GCC Countries
        • South Africa
        • Rest of Middle East & Africa
  • Company Profiles
    • Leoni AG
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Gulf Fiberoptics, Inc.
    • Coherent, Inc.
    • Timbercon, Inc.
    • Fiberoptics Technology, Inc.
    • Schott AG
    • Newport Corporation
    • Molex Incorporated
    • Integra LifeSciences Holdings Corporation
    • Sunoptic Technologies LLC  

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Application
      • Market Snippet By Fiber Type
      • Market Snippet By End User
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Medical Fiber Optics Market, By Application, 2017-2027 (US$ Million)
    • Image Transmission
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Illumination  
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Laser Signal Delivery
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Fiber Optic Confocal Scanning
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Laser soldering
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
  5. Global Medical Fiber Optics Market, By Fiber Type, 2017-2027 (US$ Million)
    • Pure Silicon Fiber
      • UV-Silica
        • Introduction
        • Market Size and Forecast, 2019-2027, (US$ Million)
      •  Near Infrared(NIR) Silica
        • Introduction
        • Market Size and Forecast, 2019-2027, (US$ Million)
      •  Metal- Coated Silica
        • Introduction
        • Market Size and Forecast, 2019-2027, (US$ Million)
      •  Plastic Clad Silica
        • Introduction
        • Market Size and Forecast, 2019-2027, (US$ Million)
    • Polycrystalline Fiber
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Polymer Optical
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
  6. Global Medical Fiber Optics Market, By End User, 2017-2027 (US$ Million)
    • Hospitals
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Diagnostic Laboratories
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
    • Contract Research Organization
      • Introduction
      • Market Size and Forecast, 2019-2027, (US$ Million)
  7. Global Medical Fiber Optics Market, By Region, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Introduction
      • Market Size and Forecast, By Application, 2019-2027 (US$ Million)
      • Market Size and Forecast, By Fiber Type, 2019-2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019-2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Country Trend
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, By Application, 2019-2027 (US$ Million)
      • Market Size and Forecast, By Fiber Type, 2019-2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019-2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Country Trend
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, By Application, 2019-2027 (US$ Million)
      • Market Size and Forecast, By Fiber Type, 2019-2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019-2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Country Trend
        • China
        • India
        • Japan
        • Australia & New Zealand
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, By Application, 2019-2027 (US$ Million)
      • Market Size and Forecast, By Fiber Type, 2019-2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019-2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Country Trend
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, By Application, 2019-2027 (US$ Million)
      • Market Size and Forecast, By Fiber Type, 2019-2027 (US$ Million)
      • Market Size and Forecast, By End User, 2019-2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
      • Country Trend
        • GCC Countries
        • South Africa
        • Rest of the Middle East & Africa
  8. Competitive Landscape
    • Company Profiles
    • Leoni AG *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
    • Gulf Fiberoptics, Inc.
    • Coherent, Inc.
    • Timbercon, Inc.
    • Fiberoptics Technology, Inc.
    • Schott AG
    • Newport Corporation
    • Molex Incorporated
    • Integra LifeSciences Holdings Corporation
    • Sunoptic Technologies LLC
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Medical Fiber Optics Market - Global forecast 2019 to 2027.

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