Global Medical Fiber Optics Market Size & Outlook
Global medical fiber optics market, 2016-2030 (US$M)
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Global medical fiber optics market highlights
- The global medical fiber optics market generated a revenue of USD 4,598.3 million in 2022 and is expected to reach USD 7,321.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6% by 2030.
- In terms of segment, multimode optical fiber accounted for a revenue of USD 2,039.8 million in 2022.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 4,598.3 million |
| Market revenue in 2030 | USD 7,321.7 million |
| Growth rate | 6% (CAGR from 2022 to 2030) |
| Largest segment | Multimode optical fiber |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data covered | 2016 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Mode Optical Fiber, Multimode Optical Fiber, Plastic Optical Fiber (POF), Fiber Bundles |
Other key industry trends
- In terms of revenue, the North America accounted for 27.6% of the global medical fiber optics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,285.4 million by 2030.
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Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global medical fiber optics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical fiber optics market will help companies and investors design strategic landscapes.
Multimode optical fiber was the largest segment with a revenue share of 44.36% in 2022. Horizon Databook has segmented the Global medical fiber optics market based on single mode optical fiber, multimode optical fiber, plastic optical fiber (pof), fiber bundles covering the revenue growth of each sub-segment from 2016 to 2030.
Market Dynamics
Minimally Invasive Surgeries (MIS) are playing an important role in general surgery as an alternative to conventional open surgery. These surgeries have several advantages, such as small sized incisions, short post-operative healing time, and minimal pain & scarring. In most of the cases, these surgeries have even offered higher accuracy rate when compared with conventional open surgeries.
Moreover, these MIS have even become standard surgical techniques in many routine operations, such as adrenalectomy for removal of adrenal glands, removal of appendix, cancer surgery for destruction of tumor, hiatal hernia repair, and others.
According to an article published in SAGE journals in 2019, endoscopy was the most commonly performed gastrointestinal procedure in the UK, and each year approximately around 2 million procedures are performed and around 4,100 endoscopists practice in England alone. As per an article published in healthcare-in-europe.com in 2019, physicians in Germany remove around 200,000 gall bladders annually through MIS.
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Our clientele includes a mix of medical fiber optics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global medical fiber optics market , including forecasts for subscribers. This global databook contains high-level insights into Global medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Global medical fiber optics market size, by regions, 2016-2030 (US$M)
Top 10 countries: Medical fiber optics market size, 2022 (US$M)
Global medical fiber optics market share, by type, 2022 & 2030 (%, US$M)
Medical fiber optics market: Opportunity assessment by country
Global medical fiber optics market, by region, 2022 (US$M)
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