South Africa Medical Fiber Optics Market Size & Outlook
South Africa medical fiber optics market, 2016-2030 (US$M)
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South Africa medical fiber optics market highlights
- The South Africa medical fiber optics market generated a revenue of USD 38.7 million in 2022 and is expected to reach USD 78.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.2% 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 38.7 million |
| Market revenue in 2030 | USD 78.1 million |
| Growth rate | 9.2% (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, South Africa accounted for 0.8% 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 Middle East & Africa, Saudi Arabia medical fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 92.5 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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South Africa 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 44.19% in 2022. Horizon Databook has segmented the South Africa 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 medical fiber optics market in South Africa is anticipated to grow at a CAGR of 6.4% over the forecast period. Rising usage of lasers in cosmetology and dentistry and increasing awareness about minimally invasive surgeries are anticipated to drive the market over the forecast period.
Moreover, ongoing research on biomedical sensors for early detection of diseases is anticipated to drive the market. Minimally invasive foot & ankle and gastrointestinal surgeries are gaining popularity in the country, as they involve shorter recovery periods.
Endoscopes are being increasingly used in these surgeries as they provide surgeons with a precise view of joints and help them perform procedures easily. However, it is observed that not many surgeons are properly trained for using these devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical fiber optics market size, by type, 2016-2030 (US$M)
South Africa Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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