Global Medical Fiber Optics Strategic Markets Report 2023: The market is projected to reach $1.7 billion by 2030

DUBLIN, February 21, 2023 /PRNewswire/ — The Medical Fiber Optics: Global Strategic Business Report has been added to the ResearchAndMarkets.com offering.

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To reach global market for medical fiber optics $1.7 billion until 2030

In the changed business landscape after COVID-19, the global medical fiber optics market is valued at $1.1 billion in 2022 is expected to reach a revised size of $1.7 billion to 2030, growing at a CAGR of 5% over the analysis period 2022-2030.

Pure Silica Fiber, one of the segments analyzed in the report, is expected to register a CAGR and reach of 5.5% $794.6 million until the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Polycrystalline Fibers segment is adjusted to a revised annual growth rate of 4.3% for the next 8 years.

The US market is estimated at $418.9 millionwhile China is forecast to grow at 9.7% CAGR

The US medical fiber optics market is estimated at $418.9 million in 2022. Chinathe second largest economy in the world, is expected to reach a market size of $147.7 million to 2030 with a CAGR of 9.7% over the analysis period 2022 to 2030.

Among the other notable geographic markets are Japan And Canada, which forecast growth of 3% and 4.9% respectively over the period 2022-2030. Within Europe, Germany growth of approx. 4.2% CAGR is forecast. Led by countries such as Australia, IndiaAnd South Koreathe market one Asia Pacific is forecast to achieve $135.9 million by the year 2030.

Outlook for 2023

The global economy is at a critical crossroads with a series of interlocking challenges and crises running in parallel. Uncertainty about how Russia’s war will continue Ukraine will play out this year, and the role of war in creating global instability means that the troubles on the inflation front are not over yet.

Fears of new COVID outbreaks and of China The already uncertain post-pandemic path poses a real risk that the world will experience more acute supply chain pain and production disruptions this year. Volatile financial markets, rising trade tensions, tighter regulatory frameworks and pressure to integrate climate change into economic decisions will add to the complexity of the challenges.

The story goes on

2023 is expected to be a difficult year for most markets, investors and consumers. Still, there are always opportunities for organizations and their leaders who can use resilience and adaptability to chart a path forward.

what’s new

• special reporting Russia–Ukraine War; global inflation; Relaxation of the zero Covid policy in China and its “bumpy” reopening; supply chain disruptions, global trade tensions; and risk of recession.

• Global competitiveness and percentage market shares of key competitors

• Market Presence in Multiple Regions – Strong/Active/Niche/Trivial

• Interactive online peer-to-peer collaborative customized updates

• Access to digital archives and research platform

• Free updates for one year

Main topics covered:

MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Global Economic Update

• War and inflation supersede COVID-19 as major downside risks to the global economy in 2023 and beyond

• How does inflationary pressure affect the economy?

• Russia-Ukraine War, the main culprit for the hardships

• Persistently high inflation is single-handedly holding back global growth

• Here’s what’s causing the current surge in inflation

• Pandemic disrupts fiber optic supply chain

• Fiber Optic Sensors: Important Role in COVID-19 Detection

• An introduction to medical fiber optics

• Global Market Outlook

• Application of optical fibers in healthcare

• Endoscopes: The largest application market for medical fiber optics

• Pure silica fibers: The most commonly used fibers

• Developed regions lead, developing nations drive future growth

• Competition

• Competitive market presence – strong/active/niche for players worldwide in 2023 (E)

• world brands

• Current market activity

MARKET TRENDS & DRIVERS

• Medical fiber optics are changing healthcare

• Advances in fiber optic technology in the medical industry improve patient care

• Technological advances are expanding the range of applications for medical fiber optics

• Fiber optic devices combined with smartphones to provide enhanced support to physicians

• Fiber optic fluoroscopy improves visual inspections in dentistry

• Intelligent fiber optics enable radiation-free guidance for vascular catheters

• Fiber optics enable lifelike bionic limbs

• Device to support real-time optical imaging of cancer cells during surgery

• Ultra-thin fiberscopes to reach hard-to-reach brain structures

• Innovative Ho:YAG laser technology

• Novel use in ventilation procedures

• Researchers develop femtosecond laser fiber optic sensor technology for 3D navigation of surgical instruments

• New fiberglass technology for faster wound healing

• Stretchable biocompatible optical fibers for implantation

• Researchers develop femtosecond laser fiber optic sensor technology for 3D navigation of surgical instruments

• Researchers develop bioresorbable fiber Bragg gratings

• Physicians researching develop compact optical endoscope

• Researchers develop fiber optic sensor to measure weak magnetic fields

• Researchers are developing novel optical fibers for printing nanoscale 3D microstructures

• Researchers develop intelligent photoacoustic imaging method

• Micro Endoscope – A major breakthrough in endoscopy

• Fiber optic thermometers

• There are many options for fiber optic sensors in the biomedical sensor market

• List of selected commercial fiber optic biomedical sensors

• Fiber optic sensors are reinventing healthcare by supporting minimally invasive procedures

• Wearable sensors for health monitoring take fiber optic sensors to the next level

• Optical fibers for surgical applications are booming

• Optical fibers for the production of endoscopy devices are gaining momentum

• Use of biomedical sensors to perform chemical and biological analysis is gaining momentum

• Special optical fibers make surgeries less invasive

• Fiber Optic Pressure Sensors for Medical Applications: An Overview

• Emergence of innovative optical biomedical sensors

• Promising medical applications for fiber optic technology

• Fiber optic technology is becoming an essential requirement for dental practices

• Remote Fiber Optic Lighting: Alternative to standard overhead lighting for dentists

• Expanding the applications of fiber laser technology in the medical field

• Role of optical fibers in delivering CO2 laser beams for medical applications

• Advent of Single-Use Fiber Optic Catheters: New Revenue Streams

• Widespread adoption and use of fiber Bragg grating sensors for a range of applications

• Fiber Optic Sensors in Medical Smart Textiles: An Emerging Area in Health Monitoring

• OCT technology creates waves, advantages for medical fiber optics market

• Fiber optics for surgical lighting: effective lighting in operating rooms

• Surgical headlight manufacturers are increasing the focus on product innovation

• Fiber optic probe set to facilitate endoscopic cancer diagnosis

• Innovations in gastrointestinal surgery are contributing to the growth of the market

• Nano-optical endoscopes offer high-resolution OCTs in vivo

• Biological or chemical sensors are subject to technological evolution

• An optical fiber used to safely deliver drugs and light into the human body

• The high light intensity of medical optical fibers has the potential to cause tissue damage

• Expanded Beam Connectors protect medical fiber optics

• FO components power supply OR integration systems

• Macro growth factors are shaping trends in the medical optical fiber market

• Aging world population

• Rising healthcare spending

• Rising incidence of cancer

• Shift towards minimally invasive procedures

• Rise in the prevalence of gastrointestinal diseases is driving the global market for GI endoscopy devices

• Use of increasingly miniaturized medical products

• Medical fiber optic applications: A conceptual review

• Fiber optic surgical lights

• Fiber optic dental lights

• endoscopes

• Applications of endoscopes

• Use of fiber optics in endoscopes

• fiber optic lasers

• Optical fibers: The appropriate beam guidance systems

• fiber optic catheter

• fiber optic sensors

• Other fiberglass products

FOCUS ON SELECTED PLAYERS (total 61 in focus)

For more information about this report, visit https://www.researchandmarkets.com/r/zbwrw8

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