Germany Medical Fiber Optics Market Size & Outlook
Germany medical fiber optics market, 2016-2030 (US$M)
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Germany medical fiber optics market highlights
- The Germany medical fiber optics market generated a revenue of USD 231.2 million in 2022 and is expected to reach USD 380.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.4% 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 231.2 million |
| Market revenue in 2030 | USD 380.2 million |
| Growth rate | 6.4% (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, Germany accounted for 5.0% 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 Europe, Germany medical fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 380.2 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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Germany 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 44.12% in 2022. Horizon Databook has segmented the Germany 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 anticipated to drive the market include increasing demand for minimally invasive techniques, especially for early cancer detection. For instance, mortality of gastrointestinal cancer in Germany has reduced over the years.
This is mainly due to the use of technologically advanced cancer detection techniques, such as endoscopic resection of the tumor, high-precision radiation therapy, and chemotherapy. According to the cancer factsheet provided by GLOBOCAN, in 2018, the incidences of lung, colon, bladder, esophageal, and gallbladder cancers in the country were 66,749, 36,956, 35,738, 7,836, & 4,328, respectively.
However, it was noted that morality was quite low as compared to incidence. Deaths reported in 2018 were 50,560 due to lung cancer, 17,827 due to colon cancer, 4,199 due to gallbladder cancer, and 2,174 due to esophageal cancer.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Germany medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Germany medical fiber optics market size, by type, 2016-2030 (US$M)
Germany Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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