UK Medical Fiber Optics Market Size & Outlook, 2022-2030
UK medical fiber optics market, 2016-2030 (US$M)
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UK medical fiber optics market highlights
- The UK medical fiber optics market generated a revenue of USD 206.8 million in 2022 and is expected to reach USD 309.7 million by 2030.
- The UK market is expected to grow at a CAGR of 5.2% 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 206.8 million |
| Market revenue in 2030 | USD 309.7 million |
| Growth rate | 5.2% (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, UK accounted for 4.5% 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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UK 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 UK 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 UK medical fiber optics market held a 17.8% share in 2019 and is anticipated to grow at a significant rate over the forecast period. Key factors driving the market include increased manufacturing of medical devices, presence of a well-developed public healthcare system, and high demand for early cancer detection technologies.
The UK medical devices market is the third-largest market in Europe after Germany and France. There are several small-scale medical device companies in the country. Moreover, many international manufacturers have established their presence in the country. These manufacturers are mostly focused on production of imaging, diagnostics, and cardiovascular devices.
Furthermore, the market is export-driven, as most of the products produced by domestic manufacturers in the country are exported to other countries. Owing to this large-scale production of medical devices, the demand for medical fiber optics is high in the country.
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Our clientele includes a mix of medical fiber optics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into UK medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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UK medical fiber optics market size, by type, 2016-2030 (US$M)
UK Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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