India Medical Fiber Optics Market Size & Outlook
India medical fiber optics market, 2016-2030 (US$M)
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India medical fiber optics market highlights
- The India medical fiber optics market generated a revenue of USD 269.6 million in 2022 and is expected to reach USD 498.7 million by 2030.
- The India market is expected to grow at a CAGR of 8% 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 269.6 million |
| Market revenue in 2030 | USD 498.7 million |
| Growth rate | 8% (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, India accounted for 5.9% 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 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.
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Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 India 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.
India medical fiber optics market held a share of 18.2% in 2019 and is anticipated to grow at a lucrative rate over the forecast period. Increasing adoption of minimally invasive surgeries owing to minimal scarring & shorter recovery period, and growing usage of technologically advanced products are among the key factors driving the market.
Furthermore, increasing demand for advanced imaging modalities for viewing the human anatomy more precisely is further driving the market. The incidence of gastrointestinal disorders is increasing in the country owing to unhealthy lifestyles and diet choices.
Many large hospitals in the country are using this technology for diagnosing gastrointestinal conditions, such as obscure gastrointestinal bleeding, malabsorption, chronic abdominal pain, and chronic diarrhea.
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Horizon Databook provides a detailed overview of country-level data and insights on the India medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into India medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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India medical fiber optics market size, by type, 2016-2030 (US$M)
India Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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