MEDICAL FIBER OPTICS MARKET ANALYSIS

Medical Fiber Optics Market, By Fiber Type (Pure Silica Fiber, (UV-Silica, Near Infrared(NIR) Silica, Metal- Coated Silica, and 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, and Laser soldering), By Usage (Reusable, and Disposable), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Aug 2020
Code : CMI1645
Pages :130
Formats :
Excel and PDF
Industry : Information and Communication Technology

Medical Fiber Optics MarketSize and Trends

The global medical fiber optics market is estimated to account for US$ 1,855.2 Mn in terms of value by the end of 2027.

North America held dominant position in the global medical fiber optics market in 2019, accounting for 36.0% share in terms of value, followed by Europe, APAC, Latin America, and MEA respectively.

The global medical fiber optics market was valued at US$ 1,160.8 Mn in 2019 and is forecast to reach a value of US$ 1,855.2 Mn by 2027 at a CAGR of 6.0% between 2020 and 2027.

Figure 1: Global Medical Fiber Optics Market Share (%), in terms of Value, By Region, 2019

Figure 2: Global Medical Fiber Optics Market Value (US$ Mn), 2017 - 2027

Market Trends

North America Trends

Among regions, North America is expected to witness significant growth in the global medical fiber optics market during the forecast period. This is owing to high presence of major manufacturers across the U.S. Furthermore, technological advancements and rising foreign investment are expected to boost the regional market growth over the forecast period.

Europe Trends

Europe is expected to register a robust growth rate in the global medical fiber optics market over the forecast period. This is owing to strong industrial growth across the region. Furthermore, increasing surgical procedures in developed countries such as Germany, France, and the U.K. is expected to propel the regional market growth in the near future.