South Korea Medical Fiber Optics Market Size & Outlook
South Korea medical fiber optics market, 2016-2030 (US$M)
Related Markets
South Korea medical fiber optics market highlights
- The South Korea medical fiber optics market generated a revenue of USD 166.1 million in 2022 and is expected to reach USD 302.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% 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 166.1 million |
| Market revenue in 2030 | USD 302.2 million |
| Growth rate | 7.8% (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, South Korea accounted for 3.6% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 South Korea 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 driving the market include increasing medical tourism, high adoption of cancer screening technologies, and growing usage of advanced medical devices in the country. According to the factsheet provided by Global Cancer Observatory in 2019, mortality due to cancer of internal organs was relatively low in the country as compared to incidence.
The low mortality was due to early diagnosis of cases by using advanced detection technologies, such as endoscopes and others. Increasing need for early cancer detection is boosting the demand for medical fiber optics in the market.
For instance, the Korean Lung Cancer Screening Project (K-LUCAS) in 2019 is a national program to reduce the burden of lung cancer in the country, which is expected to create a strong demand for advanced diagnostic devices to detect cancer at an early stage.
Reasons to subscribe to South Korea medical fiber optics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea medical fiber optics market databook
-
Our clientele includes a mix of medical fiber optics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea medical fiber optics market size, by type, 2016-2030 (US$M)
South Korea Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
