Medical Fiber Optics Market (By Fiber Type: Multimode, Plastic; By Product Type: Fiber Optics Cables; By Application)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global medical fiber optics market was valued at USD 4.63 billion in 2022 and it is predicted to surpass around USD 8.38 billion by 2032 with a CAGR of 6.11% from 2023 to 2032.

Medical Fiber Optics Market Size 2023 to 2032

Key Pointers

  • The multimode optical fiber segment held the largest share of 44.37% in 2022 and is expected to reveal a CAGR of 6.33% during the forecast period.
  • The plastic optical fiber segment is anticipated to witness lucrative growth at a CAGR of 7.02% during the forecast period.
  • Based on product type, the fiber optics cables segment held the largest share of 42.31% in 2022.
  • The illumination segment accounted for the largest share of 29.85% in 2022 and is anticipated to exhibit a CAGR of 5.61% in the forecast period.
  • The biomedical sensing segment accounted for the largest share of 12.66% in 2022 and is anticipated to reveal the fastest CAGR of 7.14% during the forecast period.
  • Asia Pacific dominated the market in 2022 with a share of 31.07% and is expected to grow at a CAGR of 7.24% during the forecast period.
  • Middle East and Africa is anticipated to witness the fastest CAGR of 8.11% in the forecast period.
Report Coverage Details
Market Size in 2022 USD 4.63 billion
Revenue Forecast by 2032 USD 8.38 billion
Growth rate from 2023 to 2032 CAGR of 6.11%
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Integra Lifesciences Corporation; Fiberoptics Technology Incorporated (Fti); AFL; Coherent, Inc.; Timbercon, Inc.; Gulf Fiberoptics; LEONI, Newport Corporation; SCHOTT; Amphenol Corporation; LEMO, Hirose Electric Co. Ltd.; Fischer Connectors SA; ODU GmbH & Co. KG; Smiths Interconnect; Molex, LLC

 

The growing prevalence of chronic conditions such as cancer, technological advancements in medical devices, awareness regarding minimally invasive surgeries, and rapidly advancing healthcare infrastructure are some of the key factors which are projected to drive the market growth during the forecast period. Besides, the COVID-19 pandemic had a slight negative impact on the growth of the market. Factors such as the cancellation of non-essential surgical procedures like dentistry, and cosmetology negatively impacted the growth of the medical fiber optics market. However, the use of optic fibers-based biosensors for the detection of COVID-19 had a positive impact on the market growth.

Moreover, the adoption of lasers in dentistry and cosmetology due to better and promising patient outcomes is expected to boost the market growth. Lasers are used in cosmetology for permanent hair removal and tattoo removal, and both procedures are increasing at a considerable rate. For instance, according to an article by Astanza, 23% of the population with tattoos later experience regret. Moreover, medical applications of laser technology include eye correction surgeries, tumor removal, kidney stone removal, and varicose vein treatment. The use of lasers prevents bleeding and promotes faster healing, which is expected to drive their adoption. For instance, the use of lasers in LASIK eye surgeries improves the precision of the procedure.

The rising number of minimally invasive surgeries performed globally is projected to drive the demand for sensors, miniaturized optical cameras, and optic fibers, thereby driving the growth of the medical fiber optics market. Minimally invasive surgeries offer advantages such as faster recovery, smaller incisions, and shorter hospital stays, which are expected to drive their adoption. The surgeries are performed for multiple conditions such as abdominal issues, hip and knee replacements, and certain types of cancers. Endoscopic surgery is the most common type of minimally invasive surgery in the U.S., with more than 20 million endoscopy surgeries being performed every year according to an article by the National Institute of Diabetes, Digestive and Kidney Diseases.

Despite several advantages, the adoption of some medical fiber optics is limited in developing and underdeveloped nations due to the high costs of the fibers. Moreover, the high cost of raw materials and high transportation costs further add up to their manufacturing costs thereby, increasing the final product price. The high maintenance costs of medical devices further add up to the cost of devices. In addition, the shortage of healthcare professionals is expected to negatively impact the growth of the market as skilled professionals are required for handling the devices.

Medical Fiber Optics Market Segmentations:

By Fiber Type 

  • Single Mode Optical Fiber
  • Multimode Optical Fiber
  • Plastic Optical Fiber (POF)
  • Fiber Bundles

By Product Type 

  • Fiber Optics Cable
  • Fiber Optics Connectors
    • Standard Fiber Optics Connectors
      • Lucent Connectors (LC)
      • Multi-Fiber Push On Connectors
      • Other
    • Custom Fiber Optics Connectors
      • Circular with Optics
      • Hybrid Circular with Fiber and Electrical
  • Others

By Application

  • Endoscopic Imaging
  • Laser Signal Delivery
  • Biomedical Sensing
  • Illumination
  • Others

Frequently Asked Questions

The global medical fiber optics market size was reached at USD 4.63 billion in 2022 and it is projected to hit around USD 8.38 billion by 2032.

The global medical fiber optics market is growing at a compound annual growth rate (CAGR) of 6.11% from 2023 to 2032.

The Asia Pacific region has accounted for the largest medical fiber optics market share in 2022.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Medical Fiber Optics Market 

5.1. COVID-19 Landscape: Medical Fiber Optics Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Medical Fiber Optics Market, By Fiber Type

8.1. Medical Fiber Optics Market, by Fiber Type, 2023-2032

8.1.1 Single Mode Optical Fiber

8.1.1.1. Market Revenue and Forecast (2019-2032)

8.1.2. Multimode Optical Fiber

8.1.2.1. Market Revenue and Forecast (2019-2032)

8.1.3. Plastic Optical Fiber (POF)

8.1.3.1. Market Revenue and Forecast (2019-2032)

8.1.4. Fiber Bundles

8.1.4.1. Market Revenue and Forecast (2019-2032)

Chapter 9. Global Medical Fiber Optics Market, By Product Type

9.1. Medical Fiber Optics Market, by Product Type, 2023-2032

9.1.1. Fiber Optics Cable

9.1.1.1. Market Revenue and Forecast (2019-2032)

9.1.2. Fiber Optics Connectors

9.1.2.1. Market Revenue and Forecast (2019-2032)

9.1.3. Others

9.1.3.1. Market Revenue and Forecast (2019-2032)

Chapter 10. Global Medical Fiber Optics Market, By Application 

10.1. Medical Fiber Optics Market, by Application, 2023-2032

10.1.1. Endoscopic Imaging

10.1.1.1. Market Revenue and Forecast (2019-2032)

10.1.2. Laser Signal Delivery

10.1.2.1. Market Revenue and Forecast (2019-2032)

10.1.3. Biomedical Sensing

10.1.3.1. Market Revenue and Forecast (2019-2032)

10.1.4. Illumination

10.1.4.1. Market Revenue and Forecast (2019-2032)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2019-2032)

Chapter 11. Global Medical Fiber Optics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.1.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.1.3. Market Revenue and Forecast, by Application (2019-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.1.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.1.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.1.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.1.5.3. Market Revenue and Forecast, by Application (2019-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.2.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.2.3. Market Revenue and Forecast, by Application (2019-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.2.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.2.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.2.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.2.5.3. Market Revenue and Forecast, by Application (2019-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.2.6.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.2.6.3. Market Revenue and Forecast, by Application (2019-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.2.7.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.2.7.3. Market Revenue and Forecast, by Application (2019-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.3.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.3.3. Market Revenue and Forecast, by Application (2019-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.3.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.3.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.3.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.3.5.3. Market Revenue and Forecast, by Application (2019-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.3.6.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.3.6.3. Market Revenue and Forecast, by Application (2019-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.3.7.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.3.7.3. Market Revenue and Forecast, by Application (2019-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.4.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.4.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.4.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.4.5.3. Market Revenue and Forecast, by Application (2019-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.4.6.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.4.6.3. Market Revenue and Forecast, by Application (2019-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.4.7.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.4.7.3. Market Revenue and Forecast, by Application (2019-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.5.3. Market Revenue and Forecast, by Application (2019-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.5.4.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.5.4.3. Market Revenue and Forecast, by Application (2019-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Fiber Type (2019-2032)

11.5.5.2. Market Revenue and Forecast, by Product Type (2019-2032)

11.5.5.3. Market Revenue and Forecast, by Application (2019-2032)

Chapter 12. Company Profiles

12.1. Integra Lifesciences Corporation

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Fiberoptics Technology Incorporated (Fti)

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. AFL

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Coherent, Inc.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Timbercon, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Gulf Fiberoptics

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. LEONI

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Newport Corporation

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. SCHOTT

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Amphenol Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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