Medical Fiber Optics Market - Snapshot
Fiber optics refers to the technology and platform that is required to transmit information in the form of light pulses. These pulses of light are transmitted over a plastic or fiber strand or through a glass medium. Fiber optics is used for long-distance and high performance data networking. Fiber optic cables are used in cases such as these as they have proven to be more effective and advantageous for such high-speed data transmission in comparison with copper cables. Fiber optics offer benefits such as higher bandwidth and high transmission speed and this makes it apt for such use.
The global medical fiber optics market is anticipated to rapid strides on the back of its internal properties that are well suited for several applications in the medical industry. These intrinsic physical characteristics of optical fiber are combined with its versatile remote sensing property. This makes it a promising technology for several applications in the biomedical industry.
Burgeoning Demand for High-end Technologies to Bolster its Demand in the Market
Continuous miniaturization of medical devices coupled with the burgeoning demand for high-end diagnostic technologies and minimally invasive surgeries is anticipated to foster growth of the global medical fiber optics market. In addition, technological progress made in the field of medical fiber technology market is anticipated to emerge as a key growth-inducing factor for the market in years to come.
The most notable and predominant applications of fiber optics lie in its use in the illuminating and imaging components of endoscopes. Medical fiber optics comes with immunity from radiofrequency and electromagnetic signals. These properties of fiber optics make it apt for use in many of the medical procedures such as
In addition to that, betterment of the infrastructure of the healthcare sector is estimated to provide ample scope of development for the global medical fiber optics market.
Global Medical Fiber Optic Market: Snapshot
The increasing use of medical fiber optics in minor invasive surgeries have chiefly driven the global medical fiber optics market. The market has been on the rise due to numerous technological advancements in the medical equipment which has resulted in shrinking their sizes. The global medical optical fiber market is also driven due to the increasing demand for more progressive technologies and fast development in the fiber technology segment. However, despite showing a positive growth rate, strict regulations to make sure of the high standards and the liabilities involved with the high intensity of the fiber optic light are some of the vital challenges that may impede the growth of the global medical fiber optic market over the coming years. Nonetheless, improvements in the infrastructure of the healthcare sector and medical standards cumulatively with increasing awareness about the wide range of applications and benefits of fiber optics, will lead the market to leverage on lucrative opportunities that will arise in the coming years.
The global medical fiber optic market is expected to reach an overall valuation of US$1.3 bn by the end of the given forecast period of 2013 to 2019. This growth in the medical fiber optic market is expected to be achieved at a steady CAGR of 7.60% over the given period of forecast.
Endoscopes Segment to Reach an Overall Valuation of US543 Million by 2019
The global medical fiber optic market can be divided on the basis of application and its regional distribution. Depending on the application, the global medical fiber optic market can segmented into endoscopes, fiberoptics, surgical lights, fiberoptic dental lights, and fiberoptic sensors. Among the given application segments, endoscopes accounted for a largest share in the overall global market. The endoscope fiber optic segment is expected to reach an overall valuation of US$543 mn over the course of the given forecast period of 2013 to 2019. This growth in the endoscope segment is expected to be achieved with a healthy CAGR of 8.1% over the given forecast period. The other segments such as surgical lights, fiberoptic dental lights, and fiberoptic sensors are also expected to witness a steady growth in the global medical fiber market in the coming years. With advancements in technology and improvements in the medical infrastructure, the application segment of medical fiber optic market across the world is expected to witness rapid development over the given period of forecast. Moreover, with more and more people opting for minimally invasive surgeries, will only enhance the application segment in the near future.
North America to Lead Market Owing to Increasing Preference for Non-invasive Surgeries
Geographically, the global medical fiber optics market can be segmented into key regions such as North America, Asia Pacific, Europe, and Rest of the World. The global medical fiber market was largely dominated by North America owing to its high standards and top-class and sophisticated medical and healthcare infrastructure. The region is also benefitting from the growing inclination towards non-invasive surgeries and is expected to continue its dominance on the global market over the aforementioned forecast period. Other regional segments such as Europe and Asia Pacific are expected to show steady growth during the same period.
Some of the key companies in the global medical fiber market include names such as Schott, Leoni AG, Rofin, IPG Photonics, and Timbercon Inc. among others.
Chapter 1 Preface 9
1.1 Report Description 9
1.2 Research Methodology 10
1.2.1 Sources 10
1.2.1.1 Secondary Research 10
1.2.1.2 Primary Research 10
1.2.1.3 Assumptions 11
Chapter 2 Executive Summary 12
Chapter 3 Market Overview 13
3.1 Introduction 13
3.2 Market Driver 14
3.2.1 Increased applications of fiber optics for minimally invasive surgeries 15
3.2.2 Miniaturization of medical devices has led to the demand of fiber optics 15
3.2.3 Increased demand of advanced diagnostic technologies and rapid development in the field of medical fiber technology 16
3.3 Market opportunities 17
3.3.1 Improving healthcare infrastructure and innovative applications of medical fiber optics 17
3.4 Restraints 18
3.4.1 Stringent regulations and standards impede the market growth 18
3.4.2 High risk associated with intensity of light 18
Chapter 4 Market Trends 20
4.1 Fiber optics sensor technology is gaining popularity for various medical applications 20
4.2 Fiber optics is gaining importance in Optical Coherence Tomography 20
Chapter 5 Porter’s Five Forces Analysis 21
5.1 Bargaining power of suppliers 21
5.2 Bargaining power of buyers 22
5.3 Threat of new entrants 22
5.4 Threat of substitutes 22
5.5 Degree of competition 22
Chapter 6 Application Segment Analysis 23
6.1.1 Endoscopes 23
6.1.2 Laser fiberoptics 25
6.1.3 Fiberoptic surgical lights 27
6.1.4 Fiberoptic dental lights 29
6.1.5 Fiberoptic sensors 31
6.1.6 Others 33
Chapter 7 Regional Analysis 34
7.1 North America 34
7.1.1 Scenario in the U.S. 36
7.1.2 Scenario in Canada 38
7.2 Europe 40
7.2.1 Scenario in Germany 42
7.2.2 Scenario in France 45
7.2.3 Scenario in the U.K. 47
7.2.4 Scenario in Spain 49
7.2.5 Scenario in Russia 51
7.2.6 Scenario in Italy 53
7.3 Asia 55
7.3.1 Scenario in Japan 57
7.3.2 Scenario in China 59
7.3.3 Scenario in India 61
7.4 Latin America 63
7.4.1 Scenario in Brazil 65
Chapter 8 Competitive Landscape 68
Chapter 9 Company Profiles 69
9.1 Coherent Inc. 69
9.1.1 Company Overview 69
9.1.2 Products & Segments 69
9.1.3 Financial Performance 70
9.1.4 Strategic Developments 70
9.2 IPG Photonics 72
9.2.1 Company Overview 72
9.2.2 Products & Segments 72
9.2.3 Financial Performance 73
9.2.4 Strategic Developments 73
9.3 Timbercon Inc. 75
9.3.1 Company Overview 75
9.3.2 Products & Segments 75
9.3.3 Financial Performance 75
9.3.4 Strategic Developments 76
9.4 ROFIN 77
9.4.1 Company Overview 77
9.4.2 Products & Segments 77
9.4.3 Financial Performance 78
9.4.4 Strategic Developments 78
9.5 LEONI AG 79
9.5.1 Company Overview 79
9.5.2 Products & Segments 79
9.5.3 Financial Performance 80
9.5.4 Strategic Developments 80
9.6 TRUMPF 82
9.6.1 Company Overview 82
9.6.2 Products & Segments 82
9.6.3 Financial Performance 83
9.6.4 Strategic Developments 83
9.7 SCHOTT 85
9.7.1 Company Overview 85
9.7.2 Products & Segments 85
9.7.3 Financial Performance 86
9.7.4 Strategic Developments 86
9.8 Vitalcor Inc. 88
9.8.1 Company Overview 88
9.8.2 Products & Segments 88
9.8.3 Financial Performance 88
9.9 Sunoptic Technologies 89
9.9.1 Company Overview 89
9.9.2 Products & Segments 89
9.9.3 Financial Performance 89
9.10 American Medical System 90
9.10.1 Company Overview 90
9.10.2 Products & Segments 90
9.10.3 Financial Performance 90
List of Tables
TABLE 1 Market Snapshot: Global market of medical fiber optics (2013 & 2019) 12
TABLE 2 Drivers for Global Medical Fiber Optics market: Impact Analysis 14
TABLE 3 Major portable fiber optic medical devices and their applications 16
TABLE 4 Restraints for Global Medical Fiber Optics Market: Impact Analysis 18
TABLE 5 Global market of fiber optic endoscopes, by geography 2009-2012 (USD million) 24
TABLE 6 Global market of fiber optic endoscopes, by geography, 2013-2019 (USD million) 24
TABLE 7 Global market of laser fiberoptics, by geography 2009-2012 (USD million) 26
TABLE 8 Global market of laser fiberoptics, by geography 2013-2019 (USD million) 26
TABLE 9 Global market of fiberoptic surgical lights, by geography 2009-2012 (USD thousands) 28
TABLE 10 Global market of fiberoptic surgical lights, by geography 2013-2019 (USD thousands) 28
TABLE 11 Global market of fiberoptic dental lights, by geography 2009-2012 (USD thousands) 30
TABLE 12 Global market of fiberoptic dental lights, by geography, 2013-2019 (USD thousands) 30
TABLE 13 Global market of fiberoptic sensors, by geography 2009-2012 (USD thousands) 32
TABLE 14 Global market of fiberoptic sensors, by geography 2013-2019 (USD thousands) 32
TABLE 15 The North American market of medical fiber optics, by country2009-2012 (USD million) 35
TABLE 16 The North American market of medical fiber optics, by country2013-2019 (USD million) 35
TABLE 17 The U.S. market of medical fiber optics, by application2009-2012 (USD million) 37
TABLE 18 The U.S. market of medical fiber optics, by application2013-2019 (USD million) 37
TABLE 19 Canadian market of medical fiber optics, by application2009-2012 (USD thousands) 39
TABLE 20 Canadian market of medical fiber optics, by application2013-2019 (USD thousands) 40
TABLE 21 The European market of medical fiber optics, by country2009-2012 (USD million) 41
TABLE 22 The European market of medical fiber optics, by country2013-2019 (USD million) 42
TABLE 23 German market of medical fiber optics, by application2009-2012 (USD thousand) 43
TABLE 24 German market of medical fiber optics, by application2013-2019 (USD thousand) 44
TABLE 25 French market of medical fiber optics, by application2009-2012 (USD thousand) 45
TABLE 26 French market of medical fiber optics, by application2013-2019 (USD thousand) 46
TABLE 27 The U.K. market of medical fiber optics, by application2009-2012 (USD thousand) 47
TABLE 28 The U.K market of medical fiber optics, by application2013-2019 (USD thousand) 48
TABLE 29 Spanish market of medical fiber optics, by application2009-2012 (USD thousand) 49
TABLE 30 Spanish market of medical fiber optics, by application2013-2019 (USD thousand) 50
TABLE 31 Russian market of medical fiber optics, by applications 2009-2012 (USD thousand) 51
TABLE 32 Russian market of medical fiber optics, by applications 2013-2019 (USD thousand) 52
TABLE 33 Italian market of medical fiber optics, by application 2009-2012 (USD thousand) 54
TABLE 34 Italian market of medical fiber optics, by application2013-2019 (USD thousand) 54
TABLE 35 The Asian market of medical fiber optics, by country2009-2012 (USD million) 56
TABLE 36 The Asian market of medical fiber optics, by country2013-2019 (USD million) 56
TABLE 37 Japanese market of medical fiber optics, by application2009-2012 (USD thousand) 58
TABLE 38 Japanese market of medical fiber optics, by application2013-2019 (USD thousand) 58
TABLE 39 Chinese market of medical fiber optics, by applications 2009-2012 (USD thousand) 60
TABLE 40 Chinese market of medical fiber optics, by applications 2013-2019 (USD thousand) 61
TABLE 41 Indian market of medical fiber optics, by application 2009-2012 (USD thousand) 62
TABLE 42 Indian market of medical fiber optics, by application 2013-2019 (USD thousand) 63
TABLE 43 The Latin American market of medical fiber optics, by geography 2009-2012 (USD million) 64
TABLE 44 The Latin American market of medical fiber optics, by geography 2013-2019 (USD million) 65
TABLE 45 Brazilian market of medical fiber optics, by applications 2009-2012 (USD thousand) 66
TABLE 46 Brazilian market of medical fiber optics, by applications 2013-2019 (USD thousand) 67
List of Figures
FIG. 1 Fiber Optics Technology, by optical fiber bundles/multi-fibers types and light sources 14
FIG. 2 Global Medical Fiber Optics Market: Porter’s five forces analysis 21
FIG. 3 Global market of fiber optics endoscopes, by geography 2013E (% share) 23
FIG. 4 Global market of laser fiberoptics, by geography 2013E (% share) 25
FIG. 5 Global market of fiberoptic surgical lights, by geography 2013E (% share) 27
FIG. 6 Global market of fiberoptic dental lights, by geography 2013E (% share) 29
FIG. 7 Global market of fiberoptic sensors, by geography 2013E (% share) 31
FIG. 8 The North American market of medical fiber optics, by country 2013E (% share) 34
FIG. 9 The U.S. market of medical fiber optics, by application 2013E (% share) 36
FIG. 10 Canadian market of medical fiber optics, by application 2013E (% share) 39
FIG. 11 The European market of medical fiber optics, by country 2013E (% share) 41
FIG. 12 German market of medical fiber optics, by application 2013E (% share) 43
FIG. 13 French market of medical fiber optics, by application 2013E (% share) 45
FIG. 14 The U.K. market of medical fiber optics, by application 2013E (% share) 47
FIG. 15 Spain market of medical fiber optics, by application 2013E (% share) 49
FIG. 16 Russian market of medical fiber optics, by application 2013E (% share) 51
FIG. 17 Italian market of medical fiber optics, by application 2013E (% share) 53
FIG. 18 The Asian market of medical fiber optics, by country 2013E (% share) 55
FIG. 19 Japanese market of medical fiber optics, by application 2013E (% share) 57
FIG. 20 Chinese market of medical fiber optics, by application 2013E (% share) 60
FIG. 21 Indian market of medical fiber optics, by application 2013E (% share) 62
FIG. 22 The Latin American market of medical fiber optics, by country 2013E (% share) 64
FIG. 23 Brazilian market of medical fiber optics, by application 2013E (% share) 66
FIG. 24 Competitive landscape of Medical Fiber Optics Market 68
FIG. 25 Coherent net revenue and net income 2011 – 2013 (USD million) 70
FIG. 26 IPG Photonics net revenue and net income (2011-2013) 73
FIG. 27 ROFIN net revenue and net income, 2011 – 2013 (USD million) 78
FIG. 28 LEONI net revenue and net income (2010-2012) 80
FIG. 29 TRUMPF net revenue and net income, 2011 – 2013 (USD million) 83
FIG. 30 SCHOTT net revenue and net income, 2010 – 2012 (USD million) 86
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Medical Fiber Optics Market
