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Medical Fiber Optics - Market Analysis, Trends, and Forecasts

  • ID: 338857
  • Report
  • February 2020
  • Region: Global
  • 524 Pages
  • Global Industry Analysts, Inc
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The Medical Fiber Optics market worldwide is projected to grow by US$425.8 Million, driven by a compounded growth of 5.6%. Pure Silica Fiber, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$636.2 Million by the year 2025, Pure Silica Fiber will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$31.5 Million to the region's size and clout in the next 5 to 6 years. Over US$25.2 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Pure Silica Fiber will reach a market size of US$60.2 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.3% over the next couple of years and add approximately US$38.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • biolitec AG
  • Boston Scientific Corporation
  • Coherent, Inc.
  • IPG Photonics Corporation
  • LEONI AG
  • Newport Corporation
  • OFS Fitel, LLC
  • Schott AG
  • Sunoptic Technologies
  • Timbercon, Inc.
  • Trimedyne, Inc.
  • Vitalcor, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
A Prelude to Medical Fiber Optics
Global Medical Fiber Optics Market Set for a Rapid Growth
Application of Optical Fibers in Healthcare Sector
Developed Regions Lead Medical Fiber Optics Market, Developing Nations Promise Future Growth
Endoscopes: The Largest Application Market for Medical Fiber Optics
EXHIBIT 1: Global Endoscopy Systems Market by Geographic Region/Country (2020 & 2025) - Breakdown of Annual Sales in US$ Million for US, Canada, Japan, China, Europe, Asia-Pacific (excluding Japan), Latin America, Middle East and Rest of World
Pure Silica Fibers – The Most Widely Used Fibers
Recent Market Activity

2. FOCUS ON SELECT PLAYERS
biolitec AG (Austria)
Boston Scientific Corporation (USA)
Coherent, Inc. (USA)
ROFIN-SINAR Technologies Inc. (Germany)
Nufern (USA)
IPG Photonics Corporation (USA)
LEONI AG (Germany)
Newport Corporation (USA)
OFS Fitel, LLC (USA)
Schott AG (Germany)
Sunoptic Technologies (USA)
Timbercon, Inc. (USA)
Trimedyne, Inc. (USA)
Vitalcor, Inc. (USA)

3. MARKET TRENDS & DRIVERS
Technological Advancements Expand Scope of Applications for Medical Fiber Optics
Fiber Optic Devices combined with Smartphones for Enhanced Assistance to Physicians
Fiber Optic Transillumination Improves Visual Inspections in Dentistry
Smart Fiber Optics Enable Radiation Free Guidance for Vascular Catheters
Fiber Optics Enabling Life-Like Bionic Limbs
New Device Aids Real-time Optical Imaging of Cancer Cells during Surgery
Ultra-thin Fiber Endoscopes to Reach Hard-to-reach Brain Structures
Researchers Develop Air-clad Imaging Fibers for Improving Usage of Endoscopes
New Fiber-Optic Technology for Faster Healing of Wounds
Stretchable Biocompatible Optical Fibers for Implantation
Researchers Develop Femtosecond Laser Fiberoptic Sensor Technology for 3D Navigation of Surgical Instruments
Researchers Design Bioresorbable Fiber Bragg Gratings
Researching Doctors Develop Compact Optical Endoscope
Researchers Develop Fiber Optic Sensor to Measure Weak Magnetic Fields
Optical Detection of Magnetic Fields
Researchers Develop Novel Optical Fiber for Printing Nano-Scale 3D Microstructures
Low-power, Continuously Emitting Laser
Commercial Usage of Technique
Researchers Develop Smart Photoacoustic Imaging Method
Micro-Endoscope - A Major Breakthrough in Endoscopy
Opportunities Abound for Fiber Optic Sensors in Biomedical Sensing Market
List of Select Commercial Fiber-Optic Biomedical Sensors
Specialty Optical Fibers Make Surgery Less Invasive
Optical Fiber Pressure Sensors for Medical Applications – An Overview
Following are some of the companies that have developed optical sensors for medical applications:
Innovative Optical Biomedical Sensors
Select Promising Medical Applications for the Fiber Optic Technology
Most Promising Medical Applications of Fiber Optics
Locating Tumors and Other Growths
Multicore Fiber for Minimally Invasive Surgeries
Ultraminiature Pressure Sensors to Sense Intracranial Pressure
Fiber Optics Usage by Medical Practitioners to Examine Unreachable Sections of the Patient’s Body
Remote Fiber Optic Lighting: A Promising Alternative to Standard Overhead Lighting for Dentists
Fiber Laser Technology Offers Promising Applications in Medical Sector
EXHIBIT 2: Worldwide Medical Laser Systems Market by Geographic Region/Country (2020 & 2024): Breakdown of Annual Sales Figures in US$ Million for the US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World Markets
Emergence of Single-Use disposable Fiber-Optic Catheters Augment New Revenue Opportunities
Widespread Adoption and Usage of Fiber Bragg Grating Sensors for an Array of Applications
Fiber Optic Sensors in Medical Smart Textiles – An Emerging Opportunity in Healthcare Monitoring Space
OCT Technology Creating Waves, Benefits to Accrue to Medical Fiber Optics Market
Surgical Headlight Manufacturers Step up Focus on Product Innovation
New Lighting Technologies Offer Improved Performance and Cost-Efficiencies
Cableless Surgical Headlights Enable Easier Mobility
Fiber Optic Probe Set to Facilitate Endoscopic Cancer Diagnosis
Innovations in Gastrointestinal Surgery Space Drive Market Growth
Nano-optic Endoscopes Provide High-Resolution OCTs in vivo
Biological or Chemical Sensors Undergo Technological Evolution
An Optical Fiber to Safely Deliver Drugs and Light into Human Body
High Light Intensity of Medical Fiber Optics Holds Potential to Cause Tissue Damage
MACRO GROWTH DRIVERS
An Aging Global Population Drives Demand for Medical Fiber Optic Technology
EXHIBIT 3: Global Population Statistics for the 60+ Age Group by Geographic Region: 2019
EXHIBIT 4: Global Population Statistics for the 65+ Age Group by Select Countries: 2019
EXHIBIT 5: Elderly Population (65+ Years) as a Percentage of Total Population by Category (2020 & 2050)
EXHIBIT 6: Life Expectancy at Age 60 and 80 Years: (2015-2020), (2030-2035) & (2045-2050)
Increasing Healthcare Expenditure to Foster Market Growth
EXHIBIT 7: World Healthcare Expenditure (In US$ Trillion) for the Years 2016 & 2018
EXHIBIT 8: Per Capita Healthcare Expenditure (in $) by Select Countries for 2018
Rising Incidence of Cancer – A Major Growth Driver
EXHIBIT 9: Global Cancer Incidence by Region: 2018
EXHIBIT 10: Global Cancer Incidence by Type: 2018
EXHIBIT 11: Common Cause of Cancer Deaths Worldwide - Number of Deaths due to Select Types of Cancer for 2018
Rising Preference for Minimally Invasive Procedures Boosts Market Prospects
Rise in Prevalence of GI Tract Disorders to Drive Global Market for GI Endoscopy Devices
EXHIBIT 12: Global Prevalence and Incidence of Gastrointestinal Diseases: 2017
Rising Use of Increasingly Miniaturized Medical Devices Fuels Demand for Medical Fiber Optics
MEDICAL FIBER OPTIC APPLICATIONS - A CONCEPTUAL REVIEW
Fiberoptic Surgical Lights
Fiberoptic Dental Lights
Endoscopes
Use of Fiber Optics in Endoscopes
Rigid and Flexible Endoscopes
Endoscope Channels
Types of Fibers Used
Light Sources Used
Applications of Endoscopes
Detection of Stomach and Esophageal Ailments
Endoscopic Examinations
Amnioscopic Surgery
Fiber Optic Rhinoscopy
Percutaneous Fiberscopes
Other Fiberscopes Using Fiber Optic Illumination and Imaging
Gastrofiberscopes or Gastroscopes
Bronchoscopes
Cytoscopes
Colonoscopes
Enteroscopes
Laparoscopes
Arthroscopes
Laryngoscopes
Fiber Optic Lasers
Optical Fibers – The Appropriate Beam Delivery Systems
Types of Lasers and Associated Need for Optical Fiber Beam Delivery Systems
Select Laser Surgeries Using Optical Fibers
Laser Ablation of the Prostate
To Shrink Enlarged Prostate Glands
Photodynamic Therapy
Destruction of Tumors
Fiber Optic Catheters
Fiber Optic Sensors
Intra-Arterial Blood Gas Monitoring Systems (IABGS)
Silica Fibers – The Most Widely Used Fibers
Application of Various Types of Sensors
Temperature Sensors
Pressure Sensors
Glucose Sensors
Blood Gas Sensors
Other Sensors
Disadvantages of Using Plastic and Glass Fibers in Sensors
Other Fiberoptic Products

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Increasing Demand for Minimally-Invasive Endoscopes to Drive Medical Fiber Optics Market
Aging Baby Boomer Populace Spells Growth Opportunities
EXHIBIT 13: Aging Population in the US (2015, 2020 & 2025): 65 Years and Above Population (in Thousands)
Market Analytics
CANADA
JAPAN
Graying Population Spurs Growth of Medical Fiber Optics
EXHIBIT 14: Elderly (65 & Above Years) Population in Million in Japan for the Years 2000-2050
Market Analytics
CHINA
Rising Demand for Endoscopy to Drive Growth in the Medical Fiber Optics Market
Chinese Makers Benefiting from Laser Boom in Asia-Pacific
Market Analytics
EUROPE
Market Facts & Figures
Expanding Elderly Population – Opportunity for Medical Fiber Optics
EXHIBIT 15: Europe’s Aging Population - Country-wise Statistics of 65+ Population (in Thousands) for 2020
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
Endoscopic Devices Market: Promising Opportunities for Medical Fiber Optics
EXHIBIT 16: Indian Endoscopic Devices Market (2019): Percentage Breakdown of Value Sales by Segment - Rigid Endoscopy and Flexible Endoscopy
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
BRAZIL
MEXICO
REST OF LATIN AMERICA
REST OF WORLD

IV. COMPETITION
Total Companies Profiled : 45 (including Divisions/Subsidiaries - 50)
Note: Product cover images may vary from those shown
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