Demand for Advanced Diagnosis & Technology Developments Drive the Global Market for Medical Fiber Optics, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Medical Fiber Optics markets. Global market for Medical Fiber Optics is projected to exceed US$995 million by 2018, driven by increasing demand for advanced diagnosis and treatment devices.

Medical Fiber Optics: A Global Strategic Business Report

Follow us on LinkedIn – The global medical industry, in the past two decades, has witnessed an increasing shift towards electronic components driven by growing demand for portable, miniature and user-friendly devices. Also, key demographic trends such as increasing population and rise in number of aging individuals across the globe are driving demand for quality healthcare services. Against this backdrop healthcare professionals are increasingly seeking advanced patient monitoring devices, particularly biomedical instrumentation for ensuring efficient diagnosis, monitoring, and treatment. The need has brought to fore the growing prominence of fiber-optic technologies in medical devices. Optical fiber technology is rapidly becoming integral to the medical segment due to its physical characteristics and its enormous remote sensing versatility. Noted for possessing unique benefits such as insensitivity towards electromagnetic disruptions, use of fiber optics has spread to various applications across the medical industry.

There also exists strong potential for fiber optic sensors in the expanding biomedical sensing market, with opportunities stemming from increasing demand for disposable probes. With minimally invasive surgical procedures gaining ground, the need is also being felt for more efficient medical devices to support such procedures. Use of fiber optics in minimally invasive surgical devices such as endoscopes will be driven by the introduction of High Definition (HD) systems, growing prevalence of gastrointestinal diseases, including esophagitis and colorectal cancer, and rise in disease screening procedures. Further, rising sophistication of medical equipment and development of high-speed networks are prompting healthcare service providers to seek options for combining remote monitoring and treatment domains. The ability to transmit large blocks of information in a very less time is expected to make long distance medical consultations simple and common in future.

In response to the evolving needs of the medical industry, a range of specialty optical fibers have been introduced in recent years featuring improved damage thresholds at high power levels and tight bend radius that minimizes optical loss. Also, rapid developments in fiber-laser technology are likely to create new potential avenues in medicine and surgical applications in the coming years. Although the prime course of research and development in technology has been in the telecom and industrial sectors, several organizations are effectively focusing on employing fiber-lasers in medical applications, including skin resurfacing, optical coherence tomography, and microsurgery. Inherent features such as high efficiency and compact size are expected to widen the potential use of fiber optic lasers in microsurgical applications including dermatology, urology, ophthalmology, and otolaryngology. The femtosecond laser, a new innovation in the ophthalmic lasers field, is the next-generation technique that advances refractive surgery from the current standard, LASIK. In a short span of time, Optical Coherence Tomography (OCT) has emerged as the most powerful and sophisticated optical imaging technology that facilitates tomographic imaging of 3D materials.

As stated by the new market research report on Medical Fiber Optics, the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.3% over the analysis period. Laser fiberoptics represents the fastest growing product market, while Endoscopes represent the largest application segment.

Major players covered in the report include American Medical Systems, Inc., Biolitec AG, IPG Photonics Corporation, ROFIN-SINAR Laser GmbH, Coherent, Inc., Spectranetics Corporation, and TRUMPF GmbH + Co. KG, 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 market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. Key segments analyzed in the report include Fiberoptic Surgical Lights, Fiberoptic Dental Lights, Endoscopes, Laser Fiberoptics, Fiberoptic Sensors and Others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Fiber_Optics_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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