Global Market Study on Medical Fiber Optics - Asia to Witness Highest Growth by 2019

download Global Market Study on Medical Fiber Optics - Asia to Witness Highest Growth by 2019

of 14

  • date post

    13-Apr-2017
  • Category

    Business

  • view

    193
  • download

    0

Embed Size (px)

Transcript of Global Market Study on Medical Fiber Optics - Asia to Witness Highest Growth by 2019

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    Persistence Market Research

    Global Medical Fiber Optics Market WillReach $1,336.1 million in 2019 - Persistence

    Market Research

    Persistence Market Research 1

    http://www.persistencemarketresearch.com/

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    Persistence Market Research Released New Market Report Global Market Study on MedicalFiber Optics - Asia to Witness Highest Growth by 2019, the global medical fiberoptics market was valued at USD 863.1 million in 2013 and is expected to grow at a CAGR of7.6% from 2013 to 2019, to reach an estimated value of USD 1,336.1 million in 2019.

    Buy Full Report: http://www.persistencemarketresearch.com/market-research/medical-fiber-optics-

    market.asp

    Optical fiber is a flexible, transparent fiber made up of high quality glass, plastic and silica.Fiber optics technology has exciting new fields of applications in the medical industry. Fiberoptics is commonly used for illumination and light conductors, flexible image bundles,flexible light guides and laser delivery systems. The medical fiber optics market iswitnessing significant growth due to increased applications of fiber optics for minimallyinvasive surgeries, increased demand for advanced diagnostic technologies and rapiddevelopment in medical fiber optics technology. There has been a substantial rise in thenumber of medical fiber optic applications including X-ray imaging, ophthalmic lasers, lighttherapy, lab and clinical diagnostics, dental head pieces, surgical and diagnosticinstrumentation, surgical microscopy and endoscopy. Thus, these innovative applications ofmedical fiber optic technology are also driving growth of the market. In addition,miniaturization of medical devices has also increased the demand for medical fiber opticstechnology.

    Persistence Market Research 2

    http://www.persistencemarketresearch.com/market-research/medical-fiber-optics-market.asphttp://www.persistencemarketresearch.com/market-research/medical-fiber-optics-market.asphttp://www.persistencemarketresearch.com/

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    On the other hand, stringent regulations and standards impede growth of the medical fiberoptics market. The risk associated with high intensity of lights also restrains growth of themedical fiber optics market. Medical fiber optics technology uses high intensity of light fortreatment and surgeries of cancer and ophthalmic diseases. This light disrupts the tissue inhistopathology examination.

    Request Sample Report: http://www.persistencemarketresearch.com/samples/2997

    North America is the largest market of medical fiber optics. Improved medical infrastructureand increased usage of medical fiber optics in minimally invasive surgeries are key driversfor medical fiber optics market in the region. Moreover, several associations such as theSociety of Laparoendoscopic Surgeons, the Canadian Healthcare Association (CHA) and theAssociation of Canadian Academic Healthcare Organizations (ACAHO) are also supporting inimprovement of healthcare services and growth of medical fiber optics market.

    In Europe, several countries including the U.K., France and Germany have modernhealthcare systems. The medical fiber optics market in the region is expected to witnessmoderate growth due to improved healthcare infrastructure, government funding andincreased usage of endoscopic minimally invasive surgeries. Furthermore, the medical fiberoptics market in the region is also driven by the aging population, as more people seekendoscopic treatments for various age-related diseases such as cardiovascular diseases andophthalmic diseases. Moreover, many associations in the region play a vital role in thegrowth of the medical fiber optics technology.

    Asia is the fastest growing region in the medial fiber optics market due to medicalinfrastructure development, government initiative programs, and aging population andrelated-disorders. Several government initiatives in medical fiber optics are also contributingto the growth of medical fiber optics market in the region.

    LEONI and TRUMPF are some of the leading player in the global medical fiber optics market.Other major players of medical fiber optics market include SCHOTT, ROFIN, Coherent Inc.,IPG Photonics and American Medical System.

    Persistence Market Research 3

    http://www.persistencemarketresearch.com/samples/2997

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    The global market of medical fiber optics is segmented as follows:

    Medical Fiber Optics Market, By Application

    Endoscopes

    Laser fiberoptics

    Fiberoptic surgical lights

    Fiberoptic dental lights

    Fiberoptic sensors

    Others

    Membrane Technology Market, by Geography

    North America

    The U.S.

    Canada

    Europe

    Germany

    France

    The U.K.

    Spain

    Russia

    Italy

    Asia

    Japan

    Persistence Market Research 4

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    China

    India

    Latin America

    Brazil

    Rest of the World (RoW)

    Market History:

    Optical fiber is a flexible, transparent fiber made up of high quality glass, plastic and silica. Fiber optics

    technology has exciting new fields of applications in the medical industry. Fiber optics is commonly used

    for illumination and light conductors, flexible image bundles, flexible light guides and laser delivery

    systems. Medical Fiber Optics application include X-ray imaging, lab and clinical diagnostics, ophthalmic

    lasers, light therapy, dental hand pieces, surgical, diagnostic instrumentation, surgical microscopy and

    endoscopy.

    Globally, the medical fiber optics market is witnessing significant growth due to increased applications of

    fiber optics for minimally invasive surgeries, increased demand for advanced diagnostic technologies and

    rapid development in medical fiber optics technology. Moreover, innovative applications of medical fiber

    optic technology are also driving growth of the market. In addition, miniaturization of medical devices

    holds immense potential for growth of medical fiber optics market. Presence of various medical

    applications such as, fiberoptic surgical lights, fiberoptic dental lights, endoscopes, laser fiberoptics and

    fiberoptic sensors, has increased the importance of fiber optics for the treatment of various diseases.

    North America is the largest market for medical fiber optics. Endoscope holds largest market share in

    global medical fiber optics market. However, Asia is the fastest growing region in medical fiber optics

    market. Additionally, Laser fiberoptics is the fastest growing technology in the global medical fiber optics

    market.

    The global medical fiber optics market was valued at USD 863.1 million in 2013 and is likely to grow a

    CAGR of 7.6% from 2013 to 2019 to reach USD 1,336.1 million by 2019.

    TABLE 1 Global market for medical fiber optics, by geography 2013-2019 (USD million)

    Persistence Market Research 5

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    Table of Content

    Table of Content

    Chapter 1 Preface 91.1 Report Description 91.2 Report Methodology 101.3 Assumptions 10

    Chapter 2 Market Synopsis 11

    Chapter 3 Porter Five Forces Analysis 123.1 Bargaining power of suppliers 123.2 Bargaining power of buyers 133.3 Threat of new entrants 13

    Persistence Market Research 6

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    3.4 Threat of substitutes 133.5 Intensity of rivalry 13

    Chapter 4 Industry Overview 154.1 Market Definition 154.2 Market Drivers 16 4.2.1 Increased applications of fiber optics for minimally invasive surgeries 17 4.2.2 Miniaturization of medical devices has led to the demand of fiber optics 17 4.2.3 Increased demand of advanced diagnostic technologies and rapid development inthe field of medical fiber technology 184.3 Impact Analysis of Market Drivers 194.4 Market Restraints 19 4.4.1 Stringent regulations and standards impede the market growth 19 4.4.2 High risk associated with intensity of light 204.5 Impact Analysis of Market Restraints 214.6 Opportunities 21 4.6.1 Improving healthcare infrastructure and innovative applications of medical fiberoptics 214.7 Market Trends 22 4.7.1 Fiber optics sensor technology is gaining popularity for various medicalapplications 22 4.7.2 Fiber optics is gaining importance in Optical Coherence Tomography 23

    Chapter 5 Global Market Size And Forecast 24

    Chapter 6 Market Size and Forecast by Application 27 6.1.1 Endoscopes 27 6.1.2 Laser fiberoptics 29 6.1.3 Fiberoptic surgical lights 31 6.1.4 Fiberoptic dental lights 33 6.1.5 Fiberoptic sensors 35 6.1.6 Others 37

    Chapter 7 Market Size and Forecast by Geography 387.1 North America 38 7.1.1 Scenario in the U.S. 40

    Persistence Market Research 7

  • Global Market Study on Medical Fiber Optics - Asia to Witness Highest

    Growth by 2019

    7.1.2 Scenario in Canada 427.2 Europe 46 7.2.1 Scenario in Germany 48 7.2.2 Scenario in France 50 7.2.3 Scenario in the U.K. 53