Latin America Medical Fiber Optics Market Size & Outlook
Latin America medical fiber optics market, 2016-2030 (US$M)
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Latin America medical fiber optics market highlights
- The Latin America medical fiber optics market generated a revenue of USD 506.1 million in 2022.
- The market is expected to grow at a CAGR of 7.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 506.1 million |
| Market revenue in 2030 | USD 916.0 million |
| Growth rate | 7.7% (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, Latin America region accounted for 11.0% 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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Latin America 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 Latin America 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.
The Latin America medical fiber optics market is expected to grow at a rate of 6.9% over the forecast period. Growing investments for improving healthcare infrastructure and increasing healthcare spending are driving the market. Furthermore, growing preference for laser surgeries and minimally invasive technologies is anticipated to drive the market over the forecast period.
Growing export of medical devices from Mexico and increasing need for early screening tests are anticipated to further drive the market over the forecast period. For the purpose of analysis, we have sub segmented the region into two major countries: Brazil and Mexico.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical fiber optics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical fiber optics market size, by country, 2016-2030 (US$M)
Latin America Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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