Australia Medical Fiber Optics Market Size & Outlook
Australia medical fiber optics market, 2016-2030 (US$M)
Related Markets
Australia medical fiber optics market highlights
- The Australia medical fiber optics market generated a revenue of USD 152.7 million in 2022 and is expected to reach USD 271.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.5% 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.
Medical fiber optics market data book summary
| Market revenue in 2022 | USD 152.7 million |
| Market revenue in 2030 | USD 271.9 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Multimode optical fiber |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Australia accounted for 3.3% of the global medical fiber optics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 498.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 45.51% in 2022. Horizon Databook has segmented the Australia 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.
Key factors driving the market include growing preference of patients for minimally invasive surgeries. Large number of endoscopic surgeries related to spine, gastrointestinal organs, esophagus, and others are performed in the country each year.
Furthermore, a large percentage of the Australian population is overweight. The Australian Bureau of Statistics’ National Health Survey 2017–2018 indicated that 67% of Australian adults were overweight or obese. This percentage was reported to be 63.4% in 2014–2015.
The Australian government is promoting measures to combat obesity and individuals are opting for weight-loss surgeries, such as bariatric and endoscopic sleeve gastroplasty. According to Fifth Annual Report of the Bariatric Surgery Registry, in 2017, around 30,000 patients in the country underwent bariatric surgery.
Reasons to subscribe to Australia medical fiber optics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Australia medical fiber optics market databook
-
Our clientele includes a mix of medical fiber optics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Australia medical fiber optics market size, by type, 2016-2030 (US$M)
Australia Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
