Market Research Reports

Medical Fiber Optics Market- Global Industry Analysis, Size, Share, Growth, Trend and Forecast 2013 - 2019

91pages
Published Date: 2014-04-28
 

Description



The market study on the global medical fiber optics market encapsulates key historical data, growth forecasts, market drivers, growth restrainers, technological advancements and market trends. This report estimates the global medical fiber optics market for a period ranging from 2013 through 2019, with 2010 as the base year for all estimations. 

For the purpose of the study and to accurately arrive at market numbers, the overall market for medical fiber optics has been segmented on two fronts: applications and geography. Burning issues in this market are discussed in depth, and our analysts provide expert, fact-backed recommendations on how to plan a sustainable growth strategy in this high-growth-potential market. 

The report also creates a comprehensive picture of the overall competitive dynamics that prevail in the medical fiber optics market. To understand the players within this market better, our analysts have studied each leading company on certain fixed criteria such as a company overview, financial earnings, product portfolio, a SWOT analysis, and recent developments. All of these components combine to present a holistic view of where each major competitor is headed over the remainder of the decade.

Overview of the medical fiber optics market

The findings of this market study indicate that the global medical fiber optics market-which was valued at US$ 863.1 million in 2013-will register a CAGR of 7.6% between 2013 and 2019, and is estimated to grow to US$1,336.1 million by 2019. This moderately healthy rate of growth will be spurred by several factors such as a rising preference for surgeries that are minimally-invasive (where fiber optics lend better maneuverability) and the advancement in diagnostic technologies. While there are many other factors that work in the favor of this market, the two aforementioned factors alone will drive growth to a large extent. 

The secondary factors that will bring about the development of the medical fiber optics market are applications such as: light therapy, X-ray imaging, lab and clinical diagnostics, ophthalmic lasers, dental head pieces, surgical microscopy, surgical and diagnostic instrumentation, and endoscopy. As the scope of these applications continues to expand, the market for medical fiber optics will reap the benefits. Fiber optics also complements the miniaturization of medical devices—a factor that cannot be overlooked while studying this market.

Yet, this players and key stakeholders in this market will have to plan strategies around key challenges such as: the increasingly stringent nature of regulations governing the medical fiber optics market, strict standards of compliance, and the risks associated with high-intensity fiber optic lights, as these lights are known to disrupt tissue during histopathology examination. 

A geographical overview of the medical fiber optics market

By geography, the largest medical fiber optics market is North America. Here, medical infrastructure is better than that in most other geographical regions. The number of minimally-invasive surgeries conducted in North America each year is considerably high. This has created immense opportunities for the use of medical fiber optics. Market growth is also supported via the initiatives taken by industry bodies such as the Society of Laparoendoscopic Surgeons, Association of Canadian Academic Healthcare Organizations (ACAHO), and the Canadian Healthcare Association (CHA). 

Besides North America, developed European countries such as the United Kingdom, Germany, and France boast modern healthcare systems that have reported an increasing adoption of medical fiber optics. However, growth here will be moderate. The fastest growing region within the global medical fiber optics market will be Asia, where infrastructure development is firmly on track, and the formulation of favorable government policies has been highly beneficial. Besides these aspects, the diagnosis of diseases and age-related disorders is on an upswing.

By application, the global medical fiber optics market can be segmented as: laser fiberoptics, endoscopes, fiberoptic dental lights, fiberoptic sensors, fiberoptic surgical lights, and others.

Key players mentioned in the medical fiber optics market

The market research report on the medical fiber optics market features comprehensive profiles of leading companies such as: LEONI AG, TRUMPF, Coherent Inc., ROFIN, SCHOTT, American Medical System, and IPG Photonics.

The global market of medical fiber optics is segmented as follows:

Medical Fiber Optics Market, By Application
  • Endoscopes
  • Laser fiberoptics
  • Fiberoptic surgical lights
  • Fiberoptic dental lights
  • Fiberoptic sensors
  • Others
Medical Fiber Optics Market, by Geography
  • North America
  • Europe
  • Asia
  • Rest of the World (RoW)
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



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 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

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

Enquiry Before Buying


Free Market Analysis


Globally, the medical fiber optics market is witnessing significant growth due to increased applications of fiber optics for minimally invasive surgeries, increased demand for advanced diagnostic technologies and rapid development in medical fiber optics technology. There has been a substantial rise in the number of medical fiber optics applications including X-ray imaging, ophthalmic lasers, light therapy, lab and clinical diagnostics, dental head pieces, surgical and diagnostic instrumentation, surgical microscopy and endoscopy. Thus, the rise in the number of applications of medical fiber optic technology is driving the market growth. In addition, miniaturization of medical devices has also increased the demand for medical fiber optics technology. Presence of various medical applications such as fiberoptic surgical lights, fiberoptic dental lights, endoscopes, laser fiberoptics and fiberoptic sensors has increased the importance of fiber optics for the treatment of various diseases. The global medical fiber optics market was valued at USD 863.1 million in 2013 and is likely to grow a CAGR of 7.6% from 2013 to 2019 to reach USD 1,336.1 million by 2019.  

North America is the largest market and Endoscope is the largest segment in the global market for medical fiber optics technology. However, Asia is the fastest growing region in medical fiber optics market. Additionally, Laser fiberoptics is the fastest growing technology in the global market of medical fiber optics technology.

Endoscopes commanded the largest share of about USD 339.8 million, in the overall medical fiber optics market in 2013. It is expected to reach USD 543 million in 2019, growing at a CAGR of 8.1% from 2013 to 2019.
 

To get discount on this report, just click on the button below.

To receive brochure, please click on the button below.

Share This Market Study!  

Upcoming Report

Payment
Copyright @ Transparency Market Research