Medical Fiber Optics: A Global Strategic Business Report
San Jose, California (PRWEB) February 10, 2015
Follow us on LinkedIn – The rapidly aging world population is spurring demand for colonoscopies, orthopedic implants, bariatric surgeries, and gastrointestinal endoscopy. All of these procedures require the use of endoscopes and other medical instruments which utilize medical fiber optics. Endoscopes represent the largest end-use market for medical fiber optics, supported by the growing popularity of minimally invasive surgeries. Miniaturization of medical instruments is a key trend encouraging the use of small and efficient optical fibers. The introduction of High Definition (HD) systems is expected to accelerate the use of fiber optics in minimally invasive surgical devices, such as endoscopes.
The market is also benefiting from the increasing use of high-resolution imaging technologies, such as, Optical Coherence Tomography (OCT), Photo-Acoustic Tomography (PAT), and Near Infrared Spectroscopy (NIRS), for the diagnosis and treatment of ophthalmic and cardiovascular conditions. Intensive R&D activity in the field of fiber optics is giving rise to technological advancements, such as smart pills that aid in generating accurate anatomical imaging; force-sensitive catheters with applications in laser ablation procedures; and optical fiber arrays that aid in positioning high-precision robotic arms. Increasing sophistication of medical equipment and the development of high-speed networks are prompting healthcare service providers to seek options for combining remote monitoring and treatment domains. The ability of fiber optics to rapidly transmit large blocks of information is expected to make long distance medical consultations simple and commonplace in the future. In response to the evolving needs of the medical industry, a range of specialty optical fibers have been introduced in the recent years, featuring improved damage thresholds at high power levels and tight bend radius that minimizes optical loss.
Lasers represent the fastest growing end-use application for medical fiber optics, with growth in this market supported by the increasing use of fiber-lasers in medical applications, ranging from skin resurfacing to microsurgery. Inherent features, such as high efficiency and compact size, are expected to widen the use of fiber optic lasers in microsurgeries in areas such as dermatology, urology, ophthalmology, and otolaryngology. As stated by the new market research report on Medical Fiber Optics, the United States and Europe represent the largest markets worldwide, supported by sophisticated healthcare infrastructure and favorable medical reimbursements policies. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.4% over the analysis period. Investments in healthcare infrastructure development, rollout of large-scale healthcare programs by governments, and aging population, represent key factors driving growth the region.
Major players covered in the report include American Medical Systems Inc., biolitec AG, Coherent Inc., IPG Photonics Corporation, Leoni AG, Newport Corporation, OFS Fitel LLC, ROFIN-SINAR Laser GmbH, Nufern, Schott AG, Spectranetics Corporation, Sunoptic Technologies LLC, Timbercon Inc., Trimedyne Inc., and Vitalcor Inc., among others.
The research report titled “Medical Fiber Optics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific, Latin America (Brazil, and Rest of Latin America), and Rest of World. Key end-use application segments analyzed in the report include Surgical Lights, Dental Lights, Endoscopes, Lasers, Sensors and Others. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.
For more details about this comprehensive market research report, please click here
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