Europe Medical Fiber Optics Market Size & Outlook
Europe medical fiber optics market, 2016-2030 (US$M)
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Europe medical fiber optics market highlights
- The Europe medical fiber optics market generated a revenue of USD 1,142.5 million in 2022.
- The market is expected to grow at a CAGR of 5.3% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,142.5 million |
| Market revenue in 2030 | USD 1,730.1 million |
| Growth rate | 5.3% (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, Europe region accounted for 24.8% 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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Europe 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 Europe 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.
Europe medical fiber optics market accounted for a 25.0% market share in 2019 and is expected to grow at a CAGR of 5.2% over the forecast period. Presence of sophisticated healthcare infrastructure, high awareness among patients & healthcare professionals about minimally invasive surgeries, and low out-of-pocket expenditure in most countries are anticipated to drive the market over the forecast period.
Furthermore, regional presence of international players and high adoption of cancer screening tests are anticipated to drive the market over the forecast period. However, the COVID-19 pandemic and exit of Britain from the EU are anticipated to negatively impact market growth over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe medical fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Europe medical fiber optics market size, by country, 2016-2030 (US$M)
Europe Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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