Brazil Medical Fiber Optics Market Size & Outlook
Brazil medical fiber optics market, 2016-2030 (US$M)
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Brazil medical fiber optics market highlights
- The Brazil medical fiber optics market generated a revenue of USD 132.2 million in 2022 and is expected to reach USD 276.8 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.7% 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 132.2 million |
| Market revenue in 2030 | USD 276.8 million |
| Growth rate | 9.7% (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, Brazil accounted for 2.9% 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 Latin America, Brazil medical fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 276.8 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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Brazil 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 44.1% in 2022. Horizon Databook has segmented the Brazil 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.
Brazil dominated the Latin America medical fiber optics market in 2019 with a market share of 25.0% in 2019. Key factors anticipated to drive the market in the country include growing awareness about minimally invasive surgeries and increasing research on biomedical sensors. New technologies are being introduced in the country for improving the quality of care.
For instance, according to an article published in PubMed in 2020, Brazil is currently researching various biomedical sensors for monitoring diabetes in real-time. Furthermore, adoption of endoscopic surgeries has been increasing in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil medical fiber optics market size, by type, 2016-2030 (US$M)
Brazil Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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