Medical Fibre Optics Market by Fibre Type (Plastic Optical Fiber (POF), Multimode Optical Fiber), Product Type (Fibre Optics Connectors, Fibre Optics Cable), Application (Laser Signal Delivery, Illumination), and by Region - Global Forecast to 2022-2033

The medical fibre optics market size is estimated to be USD 4,727.1 million in 2022 and is expected to witness a CAGR of 6.37% during the forecast period 2023-2033. Surge in endoscopic treatments for the early identification of cancer and other chronic diseases and growing acceptance of technologically improved products are some of the factors contributing to the market growth. Furthermore, rising use of lasers in dentistry and cosmetology and escalating popularity of minimally invasive procedures are other factors supporting the market growth. However, high price of ongoing maintenance of fiber-optic tools and equipment is expected to hinder the growth.

Rising use of lasers in dentistry and cosmetology is expected to propel the market growth during the forecast period. Permanent hair removal and tattoo removal are two cosmetic procedures that are being done frequently using lasers. For instance, research by Astanza found that 23% of people with tattoos eventually regret getting them. Furthermore, laser technology is used in medicine to treat varicose veins, remove tumor, kidney stones, and correct eyes. Lasers are used to stop bleeding and speed up healing, which is projected to increase their uptake. For instance, using lasers during LASIK eye surgery enhances the procedure’s precision.

Escalating popularity of minimally invasive procedures is predicted to fuel the market growth during the projected period. Minimally invasive procedures provide benefits such as faster healing, smaller incisions, and shorter hospital stays, which are anticipated to increase their popularity. The procedures are carried out to treat a range of diseases, including cancer and certain types of gastrointestinal problems and hip and knee replacements. According to a National Institute of Diabetes, Digestive and Kidney Diseases article, endoscopic surgery is the most prevalent type of minimally invasive surgery in the United States, with more than 20 million endoscopy procedures carried out annually.

Segmentation

By Fiber Type

The market is categorized into plastic optical fiber (POF), multimode optical fiber, single mode optical fiber, fiber bundles. In 2022, the multimode optical fiber segment accounted for the highest revenue share due to the numerous uses of fiber in surgical lighting and illumination solutions. Additionally, these fibers are cheaper and easier to produce. These are employed to send signals and light waves over small distances, and they are frequently used to send information from the light source to the places. The plastic fiber optic segment is predicted to have profitable growth throughout the forecast period due to its high flexibility, elastic limit, and resistance, the plastic fiber optic. Additionally, due to their small size, they are sterilizable, biocompatible, and non-invasive, which boosts their use in medical applications. Moreover, fiber can be modified based on their diameter. Furthermore, the need for fiber is anticipated to increase as a result of technical developments in data transmission, electronics, and material processing.

By Product Type

The market is segmented into fibre optics connectors, fibre optics cable, and others. In the global market, the fibre optics cable segment accounted for the largest revenue share in 2022 owing to cables’ extensive use in laparoscopy, gynecology, arthroscopy, and urology. Additionally, the wires assist in transmitting light from the light source to the surgical tool. The cables serve as a sensor that sends signals to monitoring equipment and can be autoclaved and sterilized. The segment is expected to expand at a CAGR during the projection period. The cables transmit data using electronic pulses in a faster way than copper cables do by sending pulses of light instead of data down the wire. Furthermore, the wires are thin, flexible, and generally minimal maintenance. The use of fiber optics is predicted to increase as a result of these factors. Their use in medical equipment including endoscopes and optical coherence tomography is anticipated to help fuel their expanding demand.

By Application

The market is segmented into laser signal delivery, illumination, biomedical sensing, endoscopic imaging, others. In 2022, the illumination segment accounted for the largest revenue share owing to growing use of fiber optic cables as a source of illumination for endoscopies and as a surgical lighting solution. Furthermore, the segment is anticipated to develop during the forecast period due to the expanding use of fibre optics in high-power lights in healthcare therapies including phototherapy and light therapy. Additionally, it is anticipated that the usage of light treatment for hair removal and tattoo removal would further contribute to the segment’s growth. The biomedical sensing segment held the highest market share over the forecast period due to the application of the sensors in wearable technology and other medical devices. Furthermore, blood pressure, muscle displacement, and body temperature are all measured using the sensors. Additionally, biomolecules including enzymes, antibodies, and other biomolecules are measured and identified using the sensors. During the forecast period, it is predicted that the segment’s growth would be driven by the use of biomedical sensors for optical coherence tomography and photoacoustic imaging.

Regional Markets

In 2022, North America region accounted for the highest revenue in the medical fibre optics market and is expected to maintain its dominance during the forecast period. This is attributed to the supporting governmental programmes, enhancing the region’s healthcare system, and increasing people’s standards of life. Additionally, the expansion of fibre optics in the region is anticipated to be fuelled by rising medical tourism in nations including South Korea, Thailand, and Singapore. Furthermore, it is anticipated that the leading players’ investments in developing nations like China and India will accelerate market expansion. The Middle East and Africa are expected to register the fastest CAGR throughout the projected period due to rising demand for cosmetic laser operations and growing prevalence of minimally invasive procedures. The region’s growing senior population and rising cancer prevalence are anticipated to further fuel the market. For instance, 3.7% of Saudi Arabia’s population in 2021, according to Knoema, was over the age of 65. Additionally, it is anticipated that throughout the projected period, the expanding need for early disease diagnosis will have a positive impact on market growth.

Competitor Insights

Some of the key players operating in the medical fibre optics market are Coherent, Inc., LEONI, ODU GmbH & Co. KG, Gulf Fiberoptics, AFL, Newport Corporation, SCHOTT, Fiberoptics Technology Incorporated (Fti), Amphenol Corporation, LEMO, Timbercon, Inc., Fischer Connectors SA, Smiths Interconnect, Hirose Electric Co. Ltd., Integra Lifesciences Corporation, and Molex, LLC.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • For instance, Smiths Interconnect expanded its product line by introducing HyperGrip disposable connections in April 2022. It is an affordable option for single-use medical devices, and it works with both disposable connectors and cycle receptacles.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including fibre type, product type, and application from 2023 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 4,727.1 Million
CAGR
  • 6.37%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Fibre Type
  • Product Type
  • Application
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: Medical Fibre Optics Market Report 2022 – 2033

Fibre Type (Revenue, USD Million), 2022 – 2033

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

Product Type (Revenue, USD Million), 2022 – 2033

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

Application (Revenue, USD Million), 2022 – 2033

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

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: Medical Fibre Optics Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Product Type ls
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Product Type l
  1. Introduction: Medical Fibre Optics
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: Medical Fibre Optics Market
  3. Market Analysis by Fibre Type
    1. Plastic Optical Fiber (POF)
      1. Plastic Optical Fiber (POF) Market Forecast, 2022-2033(USD Million)
    2. Multimode Optical Fiber
      1. Multimode Optical Fiber Market Forecast, 2022-2033(USD Million)
    3. Single Mode Optical Fiber
      1. Single Mode Optical Fiber Market Forecast, 2022-2033(USD Million)
    4. Fiber Bundles
      1. Fiber Bundles Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by Product Type
    1. Fibre Optics Connectors
      1. Fibre Optics ConnectorsMarket Forecast, 2022-2033 (USD Million)
        1. Standard Fibre Optics Connectors
          1. Standard Fibre Optics ConnectorsMarket Forecast, 2022-2033 (USD Million)
            1. Multifibre Push On Connectors

8.6.1.1.1.1.1. Multifibre Push On Connectors Market Forecast, 2022-2033 (USD Million)

  1. Lucent Connectors (LC)
    1. Lucent Connectors (LC)Market Forecast, 2022-2033 (USD Million)
  2. Others
    1. OthersMarket Forecast, 2022-2033 (USD Million)
  3. Custom Fiber Optics Connectors
    1. Custom Fiber Optics Connectors Market Forecast, 2022-2033(USD Million)
      1. Hybrid Circular with Fiber and Electrical

8.6.1.1.1.1.1. Hybrid Circular with Fiber and Electrical Market Forecast, 2022-2033 (USD Million)

  1. Circular with Optics
    1. Circular with OpticsMarket Forecast, 2022-2033 (USD Million)
  2. Fibre Optics Cable
    1. Fibre Optics Cable Market Forecast, 2022-2033(USD Million)
  3. Others
    1. Others Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by Application
    1. Laser Signal Delivery
      1. Laser Signal Delivery Market Forecast, 2022-2033(USD Million)
    2. Illumination
      1. Illumination Market Forecast, 2022-2033(USD Million)
    3. Biomedical Sensing
      1. Biomedical Sensing Market Forecast, 2022-2033(USD Million)
    4. Endoscopic Imaging
      1. Endoscopic Imaging Market Forecast, 2022-2033(USD Million)
    5. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends Analysis
  2. North America Medical Fibre Optics Market
    1. North America Medical Fibre Optics Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
        2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
        3. Market Size and Forecast by Application, 2022-2033(USD Million)
      2. S. Medical Fibre Optics Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
          2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
          3. Market Size and Forecast by Application, 2022-2033(USD Million)
        2. Canada Medical Fibre Optics Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
            2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
            3. Market Size and Forecast by Application, 2022-2033(USD Million)
  1. Europe Medical Fibre Optics Market
    1. Europe Medical Fibre Optics Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
        2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
        3. Market Size and Forecast by Application, 2022-2033(USD Million)
      2. Germany Medical Fibre Optics Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
          2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
          3. Market Size and Forecast by Application, 2022-2033(USD Million)
        2. UK Medical Fibre Optics Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
            2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
            3. Market Size and Forecast by Application, 2022-2033(USD Million)
          2. France Medical Fibre Optics Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
              2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
              3. Market Size and Forecast by Application, 2022-2033(USD Million)
            2. Spain Medical Fibre Optics Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                3. Market Size and Forecast by Application, 2022-2033(USD Million)
              2. Italy Medical Fibre Optics Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                  2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                  3. Market Size and Forecast by Application, 2022-2033(USD Million)
                2. Rest of Europe Medical Fibre Optics Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                    2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                    3. Market Size and Forecast by Application, 2022-2033(USD Million)
  1. Asia Pacific Medical Fibre Optics Market
    1. Asia Pacific Medical Fibre Optics Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
        2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
        3. Market Size and Forecast by Application, 2022-2033(USD Million)
      2. Japan Medical Fibre Optics Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
          2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
          3. Market Size and Forecast by Application, 2022-2033(USD Million)
        2. China Medical Fibre Optics Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
            2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
            3. Market Size and Forecast by Application, 2022-2033(USD Million)
          2. India Medical Fibre Optics Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
              2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
              3. Market Size and Forecast by Application, 2022-2033(USD Million)
            2. South Korea Medical Fibre Optics Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                3. Market Size and Forecast by Application, 2022-2033(USD Million)
              2. Australia Medical Fibre Optics Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                  2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                  3. Market Size and Forecast by Application, 2022-2033(USD Million)
                2. Rest of Asia Pacific Medical Fibre Optics Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                    2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                    3. Market Size and Forecast by Application, 2022-2033(USD Million)
  1. Latin America Medical Fibre Optics Market
    1. Latin America Medical Fibre Optics Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
        2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
        3. Market Size and Forecast by Application, 2022-2033(USD Million)
      2. Brazil Medical Fibre Optics Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
          2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
          3. Market Size and Forecast by Application, 2022-2033(USD Million)
        2. Mexico Medical Fibre Optics Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
            2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
            3. Market Size and Forecast by Application, 2022-2033(USD Million)
          2. Argentina Medical Fibre Optics Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
              2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
              3. Market Size and Forecast by Application, 2022-2033(USD Million)
            2. Rest of Latin America Medical Fibre Optics Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
                2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
                3. Market Size and Forecast by Application, 2022-2033(USD Million)
  1. MEA Medical Fibre Optics Market
    1. MEA Medical Fibre Optics Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
        2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
        3. Market Size and Forecast by Application, 2022-2033(USD Million)
      2. GCC Medical Fibre Optics Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
          2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
          3. Market Size and Forecast by Application, 2022-2033(USD Million)
        2. South Africa Medical Fibre Optics Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
            2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
            3. Market Size and Forecast by Application, 2022-2033(USD Million)
          2. Rest of MEA Medical Fibre Optics Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Fibre Type,2022-2033 (USD Million)
              2. Market Size and Forecast by Product Type,2022-2033 (USD Million)
              3. Market Size and Forecast by Application, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. Coherent, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    2. LEONI
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    3. ODU GmbH & Co. KG
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    4. Gulf Fiberoptics
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    5. AFL
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    6. Newport Corporation
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    7. SCHOTT
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    8. Fiberoptics Technology Incorporated (Fti)
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    9. Amphenol Corporation
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    10. LEMO
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    11. Timbercon, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    12. Fischer Connectors SA
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    13. Smiths Interconnect
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    14. Hirose Electric Co. Ltd.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    15. Integra Lifesciences Corporation
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
  1. Conclusion
  2. Recommendations

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