Asia Pacific Medical Fiber Optics Market Size & Outlook
Asia Pacific medical fiber optics market, 2016-2030 (US$M)
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Asia Pacific medical fiber optics market highlights
- The Asia Pacific medical fiber optics market generated a revenue of USD 1,425.5 million in 2022.
- The market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, multimode optical fiber was the largest revenue generating type in 2022.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,425.5 million |
| Market revenue in 2030 | USD 2,469.4 million |
| Growth rate | 7.1% (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 |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Coherent Corp, Leoni AG ADR, MKS Instruments Inc, Schott Pharma AG & CO KGaA, Hirose Electric Co Ltd, Georg Fischer AG, Smiths Group PLC, Molex |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.0% of the global medical fiber optics market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 474.2 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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Asia Pacific 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 44.95% in 2022. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is expected to grow at a CAGR of 7.1% over the forecast period. Key factors responsible for the significant growth rate in the region include improving standard of living among citizens, growing imports of high-quality medical devices, and increasing medical tourism in countries such as Thailand, Singapore, & South Korea.
Improving healthcare infrastructure, increasing government initiatives, and rapid economic development in countries, such as India & China, are expected to propel the market. International device manufacturers are planning to invest in developing economies, such as India and China.
Moreover, presence of a universal healthcare system in Japan is encouraging citizens to opt for early diagnosis procedures, such as endoscopic procedures. This is anticipated to further drive the market for medical fiber optics in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific medical fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific medical fiber optics market size, by country, 2016-2030 (US$M)
Asia Pacific Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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