Global Medical Fiber Optics Market Report 2021-2025 - Rising Preference for Minimally Invasive Procedures Boosts Market Prospects

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Mar 15, 2021, 08:15 ET

DUBLIN, March 15, 2021 /PRNewswire/ -- The "Medical Fiber Optics - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The global market for Medical Fiber Optics is projected to reach US$ 1.3 billion by 2025, driven by the growing commercial value of fiber optics technology in surgical instrumentation, disease treatment therapies, diagnostic and imaging equipment, and sensor based wearable medical devices and textiles.

Heavy utilization of imaging and growing preference for non-invasive surgery will drive a major chunk of opportunities in clinical imaging and endoscopy applications.

Benefiting the market will be the rise in endoscopy procedures supported by advantages such as safety and effectiveness in both diagnosis and therapy; minimal morbidity and mortality; less scarring and faster recovery; and rising preference for endoscopic management of GI disorders especially against a backdrop of research studies linking chronic acid reflux and GERD with Barrett`s esophagus and esophageal cancer.

Transducer-Tipped fiber optic catheter can move freely around organs, bones, veins and arteries.

Fiber optic sensors are small in size, have immunity to EM interferences, and feature greater geometrical versatility. Application possibilities abound in remote spectrophotometry; endoscopic imaging/surgery; pressure and position sensing; Intravascular pressure transducers and In vivo oximeters.

As surgical robotics and computer-assisted surgery (CAS) grow in popularity, use of the technology will grow in cables and cable systems. The critical role played by radiology imaging in clinical decision support coupled with the growing healthcare burden worldwide will continue to push up the volume load of imaging procedures such as MRI and CT.

Other factors also benefiting market growth include rising use of fiber optics in various surgical procedures; miniaturization of medical devices; mounting demand for advanced biomedical instrumentation based on optical fiber for diagnosis, monitoring and treatment; strong demand for flexible, agile and highly maneuverable fiber optic endoscopes; growth in the practice of dentistry and the ensuing increase in the use of Fiber-Optic Transillumination (FOTI) in diagnosis of myriad dental conditions; strong demand for fiber optic hand-held retractors in cosmetic surgeries; rising commercial Interest in the use of Polymer Optical Fibers (POFs) in medical smart textiles.

The United States represents the largest market worldwide supported by well-developed advanced radiology services; high installed base of MRI & CT imaging equipment at 39 & 44 units per million people; and overutilization of imaging services in the form of unnecessary tests despite policy led emphasis on value based care.

Asia-Pacific including China is a major market, led by factors such as developing healthcare infrastructure; growing population and healthcare burden; need for technologies to effectively handle rising volume of surgical and diagnostic procedures; rise of medical tourism in low cost Asian countries and the resulting competitive need to enhance patient care through investments in cutting edge medical technologies; and rising preference for keyhole surgeries such as endoscopy and laser guided surgeries.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession
Pandemic Disrupts Fiber Optic Supply Chain
Optic Fiber Sensors: Important Role in COVID-19 Detection
A Prelude to Medical Fiber Optics
Global Market Prospects & Outlook
Application of Optical Fibers in Healthcare Sector
Developed Regions Lead Medical Fiber Optics Market, Developing Nations Promise Future Growth
Endoscopes: The Largest Application Market for Medical Fiber Optics
Pure Silica Fibers: The Most Widely Used Fibers
Competition
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 43 Featured):

Cadwell Laboratories, Inc.
Compumedics Limited
EB Neuro S.P.A.
Electrical Geodesics, Inc.
Lifelines Neurodiagnostic Systems, Inc.
Natus Medical Inc.
NeuroWave Systems, Inc.
Nihon Kohden Corporation
Noraxon U.S.A., Inc.

3. MARKET TRENDS & DRIVERS

Technological Advancements Expand Scope of Applications for Medical Fiber Optics
Fiber Optic Devices combined with Smartphones for Enhanced Assistance to Physicians
Fiber Optic Transillumination Improves Visual Inspections in Dentistry
Smart Fiber Optics Enable Radiation Free Guidance for Vascular Catheters
Fiber Optics Enabling Life-Like Bionic Limbs
New Device Aids Real-time Optical Imaging of Cancer Cells during Surgery
Ultra-thin Fiber Endoscopes to Reach Hard-to-reach Brain Structures
Innovative Ho:YAG Laser Technology
Novel Use in Respiratory Procedures
Researchers Develop Air-clad Imaging Fibers for Improving Usage of Endoscopes
New Fiber-Optic Technology for Faster Healing of Wounds
Stretchable Biocompatible Optical Fibers for Implantation
Researchers Develop Femtosecond Laser Fiberoptic Sensor Technology for 3D Navigation of Surgical Instruments
Researchers Design Bioresorbable Fiber Bragg Gratings
Researching Doctors Develop Compact Optical Endoscope
Researchers Develop Fiber Optic Sensor to Measure Weak Magnetic Fields
Optical Detection of Magnetic Fields
Researchers Develop Novel Optical Fiber for Printing Nano-Scale 3D Microstructures
Low-power, Continuously Emitting Laser
Commercial Usage of Technique
Researchers Develop Smart Photoacoustic Imaging Method
Micro-Endoscope - A Major Breakthrough in Endoscopy
Fiber Optic Thermometers:
Opportunities Abound for Fiber Optic Sensors in Biomedical Sensing Market
List of Select Commercial Fiber-Optic Biomedical Sensors
Specialty Optical Fibers Make Surgery Less Invasive
Optical Fiber Pressure Sensors for Medical Applications: An Overview
Select Companies Developing Optical Sensors for Medical Applications
Innovative Optical Biomedical Sensors
Select Promising Medical Applications for the Fiber Optic Technology
Fiber Optics Technology Emerges as an Essential Requirement for Dental Practices
Remote Fiber Optic Lighting: A Promising Alternative to Standard Overhead Lighting for Dentists
Fiber Laser Technology Offers Promising Applications in Medical Sector
Role of Optic Fibers in Delivering CO2 Laser Beams for Medical Applications
Emergence of Single-Use disposable Fiber-Optic Catheters: New Revenue Opportunities
Widespread Adoption and Usage of Fiber Bragg Grating Sensors for an Array of Applications
Fiber Optic Sensors in Medical Smart Textiles: An Emerging Opportunity in Healthcare Monitoring Space
OCT Technology Creating Waves, Benefits to Accrue to Medical Fiber Optics Market
Fiber Optics for Surgical Lighting: Providing Effective Illumination in Operating Rooms
Surgical Headlight Manufacturers Step up Focus on Product Innovation
New Lighting Technologies Offer Improved Performance and Cost-Efficiencies
Cableless Surgical Headlights Enable Easier Mobility
Fiber Optic Probe Set to Facilitate Endoscopic Cancer Diagnosis
Innovations in Gastrointestinal Surgery Space Drive Market Growth
Nano-optic Endoscopes Provide High-Resolution OCTs in vivo
Biological or Chemical Sensors Undergo Technological Evolution
An Optical Fiber to Safely Deliver Drugs and Light into Human Body
High Light Intensity of Medical Fiber Optics Holds Potential to Cause Tissue Damage
Expanded Beam Connectors Safeguard Medical Fiber Optics
MACRO GROWTH DRIVERS
An Aging Global Population Drives Demand for Medical Fiber Optic Technology
Increasing Healthcare Expenditure to Foster Market Growth
Rising Incidence of Cancer: A Major Growth Driver
Rising Preference for Minimally Invasive Procedures Boosts Market Prospects
Rise in Prevalence of GI Tract Disorders to Drive Global Market for GI Endoscopy Devices
Rising Use of Increasingly Miniaturized Medical Devices Fuels Demand for Medical Fiber Optics
MEDICAL FIBER OPTIC APPLICATIONS: A CONCEPTUAL REVIEW
Fiberoptic Surgical Lights
Fiberoptic Dental Lights
Endoscopes
Use of Fiber Optics in Endoscopes
Rigid and Flexible Endoscopes
Endoscope Channels
Types of Fibers Used
Light Sources Used
Applications of Endoscopes
Fiber Optic Lasers
Optical Fibers: The Appropriate Beam Delivery Systems
Types of Lasers and Associated Need for Optical Fiber Beam Delivery Systems
Select Laser Surgeries Using Optical Fibers
Fiber Optic Catheters
Fiber Optic Sensors
Intra-Arterial Blood Gas Monitoring Systems (IABGS)
Silica Fibers: The Most Widely Used Fibers
Applications of Various Types of Sensors
Disadvantages of Using Plastic and Glass Fibers in Sensors
Other Fiberoptic Products

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
Minimally-Invasive Endoscopes Demand to Drive Medical Fiber Optics Market
Aging Baby Boomer Populace Spells Growth Opportunities
Market Analytics
CANADA
JAPAN
Graying Population Spurs Growth of Medical Fiber Optics
Market Analytics
CHINA
Rising Demand for Endoscopy to Drive Growth in the Medical Fiber Optics Market
Chinese Makers Benefiting from Laser Boom in Asia-Pacific
Market Analytics
EUROPE
Expanding Elderly Population - Opportunity for Medical Fiber Optics
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
Market Overview
Market Analytics
AUSTRALIA
INDIA
Endoscopic Devices Market: Promising Opportunities for Medical Fiber Optics
Market Analytics
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
BRAZIL
MEXICO
REST OF LATIN AMERICA
REST OF WORLD

IV. COMPETITION

Total Companies Profiled: 102

For more information about this report visit https://www.researchandmarkets.com/r/9ed0n5

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