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Medical Fiber Optics Market Size, Share & Trends Analysis Report By Fiber Type (Multimode, Plastic), By Product Type (Fiber Optics Cables), By Application, By Region, And Segment Forecasts, 2023 - 2030

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  • 100 Pages
  • November 2022
  • Region: Global
  • Grand View Research
  • ID: 5526490
Description Jump to:
The global medical fiber optics market size is expected to reach USD 7.3 billion by 2030. The market is expected to grow at a CAGR of 6.1% for the forecast period 2023-2030. This can be attributed to the growing adoption of minimally invasive surgeries, technologically advanced products, and the rising prevalence of cancer globally.

An increase in the adoption of laser technology for endoscopic surgeries is expected to drive the market growth. For instance, according to an article by BMJ Journals, more than 1.5 million endoscopic procedures were performed in 2020. Additionally, the adoption of laser-guided laser systems for endoscopic surgeries by hospitals and research facilities to provide better patient outcomes further increased the growth of the market. In 2020, N.N. Petrov National Medical Research Center of Oncology in Russia acquired KLS Martin surgical laser system. The system uses a user-specific program to adjust the size and depth of the incision depending on the anatomical structure of the skin. It offers control of hemostasis and ablation of tissue.

In addition, the growing adoption of minimally invasive surgery as an alternative to general surgery is expected to drive the growth of the market. The higher adoption of the procedure is due to increased safety, small-sized incisions, shorter hospital stays, and rapid recovery as compared to general surgery. Moreover, the high implementation of laser technology for correcting eye surgeries due to the higher precision, less bleeding, enhanced tissue absorption, and faster healing is expected to contribute to the growth of the market.

The increase in demand for early detection of cancer is anticipated to contribute to the growth of the market. Most cancer types are challenging to diagnose at early stages due to a lack of symptoms. Physicians undertake endoscopic procedures for early diagnosis of cancer in high-risk patients. Endoscopic procedures help to visualize cysts in the urinary tract, esophagus, and abdomen, which are difficult to identify through the naked eyes. This is attributed to driving the adoption of endoscopes, thereby contributing to the growth of the market during the forecast period.

Medical Fiber Optics Market Report Highlights

  • In 2022, the multimode optical fiber segment held the largest share of 44.3% and is expected to grow at a CAGR of 6.3% in the forecast period. This growth is attributed due to its wider applications such as illumination sources and surgical lightning
  • In 2022, the fiber optics cable segment held the largest share of 42.2% and is projected to reveal a CAGR of 6.4% during the forecast period. The cables provide illumination and have applications in laparoscopy, gynecology, and ENT among others
  • In 2022, the illumination segment held a share of 29.8% and is anticipated to exhibit a CAGR of 5.6% in the forecast period. Factors such as the higher adoption of high-power lights in phototherapy and light therapy contributed to the growth of the segment
  • In 2022, Asia Pacific contributed 31.0% share and is projected to expand at a CAGR of 7.2% during the forecast period. This expansion is constituted due to advancing healthcare infrastructure and favorable government initiatives to improve the adoption of the fibers

Table of Contents

Table Of Contents
Chapter 1. Methodology and Scope
1.1 Market Segmentation and Scope
1.2 Research Process
1.2.1 Information Procurement
1.2.2 Purchased database
1.2.3 internal database
1.2.4 Primary Research
1.3 Research Scope and Assumptions
1.4 Research Methodology
1.4.1 Market estimations
1.4.2 Global medical fiber optics market estimation
1.4.3 Country level market estimation
1.4.4 Segment level market estimation
1.5 List of Data Sources
Chapter 2. Executive Summary
2.1 Market Outlook
2.2 Market Snapshot
2.3 Segment Snapshot
2.4 Competitive Landscape Snapshot
Chapter 3. Medical Fiber Optics Market Variables, Trends & Scope
3.1 Medical Fiber Optics Market Trends & Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Market Driver Analysis
3.3.1 Increasing number of minimal invasive surgeries
3.3.2 Growing adoption of laser technology
3.3.3 Increasing need for early cancer detection
3.4 Market Restraint Analysis
3.4.1 High cost of optic fibers
3.5 Market Challenge Analysis
3.6 Key Opportunities Prioritized
3.7 Industry Analysis- Porter’s Five Forces Analysis
3.7.1 Bargaining power of suppliers: Low
3.7.2 Bargaining power of buyer: Low
3.7.3 Threat of substitution: Moderately Low
3.7.4 Threat of new entrants: Moderately Low
3.7.5 Competitive rivalry: High
3.8 Pestle Analysis
3.8.1 Political Landscape
3.8.2 Economic Landscape
3.8.3 Social Landscape
3.8.4 Technology Landscape
3.8.5 Legal Landscape
3.8.6 Environment Landscape
3.9 COVID-19 Impact on Medial Fiber Optics Market
Chapter 4. Medical Fiber Optics Market: Competitive Analysis
4.1 Recent Developments & Impact Analysis, by Key Market Participants
4.1.1 Recent development analysis
4.1.2 Product Launches
4.1.2.1 OpSens Obtained CE Marking for the OptoWire III
4.1.2.2 Scientific Bioprocessing, Inc. Launched a New Fiber Optic Sensing Kit
4.1.2.3 Fiberguide Launched a Square Core Fiber for Improving Performance of Lasers
4.2 Company Market Position Analysis (Geographic Presence, Product Portfolio, Key Alliance, And Industry Experience)
4.3 Key Company Market Share Analysis, 2022
4.4 Synergy Analysis: Major Deals and Strategic Alliances
4.4.1 HUBER+SUHNER acquired Phoenix Dynamics
4.4.2 Resonetics acquired FISO Technologies
4.4.3 Radiall America Acquired Timbercon, Inc.
4.4.4 Intuitive Surgical Acquired Schölly Fiberoptic GmbH’s Robotic Endoscope Business
4.4.5 Integra Lifesciences Holdings Corporation Acquired Rebound Therapeutics Corporation
4.4.6 LEONI and Hengtong Established a Joint Venture to Manufacture Optical Fibers in Germany
Chapter 5. Medical Fiber Optics Market: Fiber Type Estimates & Trend Analysis
5.1 Medical Fiber Optics Market: Fiber Type Movement Analysis, USD Million, 2023 & 2030
5.1.1 Single Mode Optical Fiber
5.1.1.1 Single mode optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
5.1.2 Multi-Mode Optical Fiber
5.1.2.1 Multi-mode optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
5.1.3 Plastic Optical Fiber
5.1.3.1 Plastic optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
5.1.4 Fiber Bundles
5.1.4.1 Fiber bundles market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 6. Medical Fiber Optics Market: Fiber Type Estimates & Trend Analysis
6.1 Medical Fiber Optics Market: Fiber Type Movement Analysis, USD Million, 2023 & 2030
6.2 Fiber Optic Cables
6.2.1 Fiber optic cables market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3 Fiber Optic Connectors
6.3.1 Fiber optic connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.2 Standard Fiber Optic Connectors
6.3.2.1 Standard Fiber Optic COnnectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.2.2 Lucent Connectors
6.3.2.2.1 Lucent COnnectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.2.3 Multi push on connectors (mpo)
6.3.2.3.1 Multi push on COnnectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.2.4 Others
6.3.2.4.1 Others market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.3 Custom Fiber Optic Connectors
6.3.3.1 Custom fiber optic connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.3.2 Circular with Optics
6.3.3.2.1 Circular with Optic Connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.3.3.3 Hybrid Circular with Optics and Electrical
6.3.3.3.1 Hybric circular with optics and electrical market revenue estimates and forecasts, 2016 - 2030 (USD Million)
6.4 Others
6.4.1 Other product market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 7. Medical Fiber Optics Market: Application Estimates & Trend Analysis
7.1 Medical Fiber Optics Market: Application Movement Analysis, USD Million, 2023 & 2030
7.2 Endoscopic Imaging
7.2.1 Endoscopic imaging market revenue estimates and forecasts, 2016 - 2030 (USD Million)
7.3 Laser Signal Delivery
7.3.1 Laser signal delivery market revenue estimates and forecasts, 2016 - 2030 (USD Million)
7.4 Biomedical Sensing
7.4.1 Biomedical sensing market revenue estimates and forecasts, 2016 - 2030 (USD Million)
7.5 Illumination
7.5.1 Illumination market revenue estimates and forecasts, 2016 - 2030 (USD Million)
7.6 Others
7.6.1 Others market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 8. Medical Fiber Optics Market: Regional Estimates & Trend Analysis, By Fiber Type, By Fiber Type, and Application
8.1 North America
8.1.1 North America medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.1.2 U.S.
8.1.2.1 U.S. medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.1.3 Canada
8.1.3.1 Canada medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2 Europe
8.2.1 Europe medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2.2 UK
8.2.2.1 UK medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2.3 Germany
8.2.3.1 Germany medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2.4 France
8.2.4.1 France medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2.5 Spain
8.2.5.1 Spain medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.2.6 Italy
8.2.6.1 Italy medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3 Asia Pacific
8.3.1 Asia Pacific medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.2 China
8.3.2.1 China medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.3 Japan
8.3.3.1 Japan medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.4 India
8.3.4.1 India medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.5 South Korea
8.3.5.1 South Korea medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.6 Singapore
8.3.6.1 Singapore medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.3.7 Australia
8.3.7.1 Australia medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.4 Latin America
8.4.1 Latin America medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.4.2 Brazil
8.4.2.1 Brazil medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.4.3 Mexico
8.4.3.1 Mexico medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.5 MEA
8.5.1 MEA medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.5.2 South Africa
8.5.2.1 South Africa medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.5.3 Saudi Arabia
8.5.3.1 Saudi Arabia medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
8.5.4 UAE
8.5.4.1 UAE medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Chapter 9. Medical Fiber Optics Market: Competitive Landscape
9.1 Company Profiles
9.1.1 Integra LifeSciences Corporation
9.1.1.1 Company overview
9.1.1.2 Financial performance
9.1.1.3 Product benchmarking
9.1.1.4 Strategic initiatives
9.1.2 Fiberoptics Technology Incorporated (FTI)
9.1.2.1 Company overview
9.1.2.2 Financial performance
9.1.2.3 Product benchmarking
9.1.2.4 Strategic initiatives
9.1.3 AFL
9.1.3.1 Company overview
9.1.3.2 Financial performance
9.1.3.3 Product benchmarking
9.1.3.4 Strategic initiatives
9.1.4 COHERENT, INC.
9.1.4.1 Company overview
9.1.4.2 Financial Performance
9.1.4.3 Product benchmarking
9.1.4.4 Strategic initiatives
9.1.5 Timbercon, INC.
9.1.5.1 Company overview
9.1.5.2 Financial performance
9.1.5.3 Product benchmarking
9.1.5.4 Strategic initiatives
9.1.6 Gulf Fiberoptics
9.1.6.1 Company overview
9.1.6.2 Financial performance
9.1.6.3 Product benchmarking
9.1.6.4 Strategic initiatives
9.1.7 LEONI
9.1.7.1 Company overview
9.1.7.2 Financial performance
9.1.7.3 Product benchmarking
9.1.7.4 Strategic initiatives
9.1.8 Newport Corporation
9.1.8.1 Company overview
9.1.8.2 Financial performance
9.1.8.3 Product benchmarking
9.1.8.4 Strategic initiatives
9.1.9 SCHOTT
9.1.9.1 Company overview
9.1.9.2 Financial Performance
9.1.9.3 Product Benchmarking
9.1.9.4 Strategic initiatives
9.1.10 Amphenol Alden
9.1.10.1 Company overview
9.1.10.2 Financial perormance
9.1.10.3 Product benchmarking
9.1.10.4 Strategic initiatives
9.1.11 LEMO
9.1.11.1 Company overview
9.1.11.2 Product Benchmarking
9.1.11.3 Product benchmarking
9.1.11.4 Strategic initiatives
9.1.12 Hirose Electric Co., Ltd.
9.1.12.1 Company overview
9.1.12.2 Financial performance
9.1.12.3 Product Benchmarking
9.1.12.4 Strategic initiatives
9.1.13 Fischer Connectors SA
9.1.13.1 Company overview
9.1.13.2 Financial performance
9.1.13.3 Product benchmarking
9.1.13.4 Strategic initiatives
9.1.14 ODU GmbH & Co. KG
9.1.14.1 Company overview
9.1.14.2 Financial performance
9.1.14.3 Product benchamrking
9.1.14.4 Strategic initiatives
9.1.15 Smiths Interconnect
9.1.15.1 Company overview
9.1.15.2 Financial performance
9.1.15.3 Product benchmarking
9.1.15.4 Strategic initiatives
9.1.16 Molex, LLC
9.1.16.1 Company overview
9.1.16.2 Financial performance
9.1.16.3 Product benchmarking
9.1.16.3 Strategic initiatives
List of Tables
Table 1 Estimated number of new cancer cases in the U.S., 2022
Table 2 Number of minimally invasive cosmetic procedures performed in the U.S., by age group, 2020
List of Figures
Fig. 1 Medical fiber optics market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Medical fiber optics market summary, 2022 (USD Billion)
Fig. 6 Segment Snapshot (1 of 2) (USD Billion)
Fig. 7 Segment Snapshot (2 of 2) (USD Billion)
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Medical Fiber Optics market trends
Fig. 10 Penetration & growth prospect mapping
Fig. 11 Market driver analysis (Current & future impact)
Fig. 12 Market restraint analysis (Current & future impact)
Fig. 13 Company market position analysis
Fig. 14 Medical fiber optics company market share analysis, 2022 (%)
Fig. 15 Medical fiber optics market, fiber type outlook key takeaways (USD Billion)
Fig. 16 Medical fiber optics market: fiber type movement analysis (USD Million)
Fig. 17 Single mode optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 18 Multi-mode optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 19 Plastic optical fiber market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 20 Fiber bundles market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 21 Medical fiber optics market, product type outlook key takeaways (USD Billion)
Fig. 22 Medical fiber optics market: product type movement analysis (USD Million)
Fig. 23 Fiber optic cables market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 24 Fiber optic connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 25 Standard fiber optic connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 26 Lucent connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 27 Multi push on connectors market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 28 Others market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 29 Custom fiber optics market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 30 Circular with optics market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 31 Hybrid circular with optics and electrical market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 32 Other product market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 33 Medical fiber optics market, application outlook key takeaways (USD Billion)
Fig. 34 Medical fiber optics market: application movement analysis (USD Million)
Fig. 35 Endoscopic imaging market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 36 Laser signal delivery market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 37 Biomedical sensing market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 38 Illumination market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 39 Others market revenue estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 40 Regional marketplace: Key takeaways
Fig. 41 Medical fiber optics market: Regional movement analysis (USD Million)
Fig. 42 North America medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 43 U.S. medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 44 Canada medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 45 Europe medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 46 UK medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 47 Germany medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 48 France medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 49 Spain medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 50 Italy medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 51 Asia pacific medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 52 China medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 53 Japan medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 54 India medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 55 South Korea medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 56 Singapore medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 57 Australia medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 58 Latin America medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 59 Brazil medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 60 Mexico medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 61 MEA medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 62 South Africa medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 63 Saudi Arabia medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)
Fig. 64 UAE medical fiber optics market estimates and forecasts, 2016 - 2030 (USD Million)

Companies Mentioned

  • Integra Lifesciences Corporation
  • Fiberoptics Technology Incorporated (Fti)
  • Afl
  • Coherent, Inc.
  • Timbercon, Inc.
  • Gulf Fiberoptics
  • Leoni
  • Newport Corporation
  • Schott
  • Amphenol Alden
  • Lemo
  • Hirose Electric Co. Ltd.
  • Fischer Connectors Sa
  • Odu GmbH & Co. Kg
  • Smiths Interconnect
  • Molex, LLC

Methodology

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