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Global Medical Fiber Optics Market: Requirement for Miniaturized Medical Devices Noticed by Variant Market Research

Global Medical Fiber Optics Market is estimated to reach $1,542 million by 2024; growing at a CAGR of 6.1% from 2016 to 2024.
Manoj Kumkar | 16.01.2018
According to the latest report published by Variant Market Research, the global medical fiber optics market size is estimated to reach $1,542 million by 2024 from $961 million in 2016, growing at a CAGR of 6.1% from 2016 to 2024.

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Growing attractiveness of fiber-optic transillumination in dentistry to drive the global medical fiber optics market

The global medical fiber optics market is driven by factors such as growing attractiveness of fiber-optic transillumination in dentistry, growing development in the area of fiber optic technology, requirement for miniaturized medical devices, & high adoption for minimal invasive procedures. RoW (Including countries like Oman, Bahrain, Qatar, among others) is expected to grow over the coming years. Medical fiber optic cable demand is expected to increase along with medical fiber optic sensor in future. Though, risk related with the intensity of light may hamper the market growth. Furthermore, upgradations in the field of fiber optics would provide an opportunity for market players of market.

Market Segmentations

The global medical fiber optics market is classified into application and geography. Application segment includes fiberoptic sensors, laser fiberoptic, fiberoptics surgical lights, endoscopes, fiberoptic dental lights, and other applications. North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, Italy, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Endoscopes, by application, is estimated to dominated the global market in 2016
Endoscopes held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to high use of medical fiber optics in endoscopes.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/medical-devices/medical-fiber-optics-market/toc

Asia-Pacific is estimated to witness fastest CAGR from 2016 to 2024

Asia-Pacific is predicted to grow at a fastest CAGR over the forecast period 2016 to 2024.

The growth is attributed to technological developments, rising per capita income, growing healthcare infrastructure, and rise in adoption for minimal invasive procedures (in countries like Myanmar, Philippines, among others) in the region.

Competitive Landscape
The key market players of the market are Schott AG, Coherent, Inc., Boston Scientific Corporation, Timbercon, Inc., American Medical System LLC, LEONI AG, IPG Photonics Corporation, TRUMPF Group, ROFIN-SINAR Technologies Inc., and Vitalcor, Inc., among others.

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Scope of the Global Medical Fiber Optics Market
Application Segment
• Laser Fiberoptic
• Fiberoptic Sensors
• Endoscopes
• Fiberoptic Surgical Lights
• Fiberoptic Dental Lights
• Other Applications

Geography Segment
• North America
o U.S.
o Mexico
o Other

• Europe
o UK
o Germany
o France
o Italy
o Others

• Asia-Pacific
o China
o Japan
o India
o Others

• RoW
o South America
o Middle East
o Africa

Related Topics
1. Global Laparoscopy Devices Market is expected to reach $17.7 Billion by 2024, Says Variant Market Research
2. Global Obesity Surgery Devices Market is estimated to reach $3,567 Million by 2024, Says Variant Market Research
3. Global Insulin Delivery Devices Market is estimated to reach $22.8 billion by 2024, Says Variant Market Research

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy &Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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