Fiberscope, a type of a remote visual inspection device, is a flexible fiber optic bundle with an eyepiece at one end and lens on the other. Fiberscopes are used for exploring inaccessible areas. Fiberscopes are used when reaching the inspected area includes bending around corners or going further than a rigid scope can reach. Fiberscopes are available with probes of different functionalities, lengths, and diameters that feature a tip, which is usually articulated in two or four directions for extra maneuverability. A fiberscope can be inserted into the item without destroying or disassembling it.

A fiberscope consists of components such as intelligible fiber optic image guide, fiber optic light guide, relay lens at one end and an objective lens at the other, and light source to illuminate the target being inspected. Typical specifications of fiberscope include diameter of 0.35 to 10.0mm, length of 15m, tip articulation with 2 or 4 way tip articulation, and Sheathing of tungsten, stainless steel, nylon, Teflon or polyimide.

Increase in usage of fiberscopes in minimally invasive surgeries is anticipated to drive the fiberscopes market during the forecast period. Rise in preference for minimally invasive surgeries is expected to boost the demand for fiberscopes during the forecast period. Advancement in hysteroscopes is also anticipated to drive the market growth. On the other hand, the high cost of fiber optic networks is expected to hamper the market growth. Growth in usage of hysteroscopes in ambulatory surgical centers is the current trend in the fiberscopes market.

Based on application, the global fiberscopes market can be divided into arthroscopy, bronchoscopy, colonoscopy, cystoscopy, enteroscopy, hysteroscopy, laparoscopy, laryngoscopy, mediastinoscopy, and upper gastrointestinal endoscopy. Among these, the endoscopy segment is estimated to account for large share of the market due to its advantages such as low risk of infection and blood loss.

In terms of end-user, the global fiberscopes market can be split into hospitals, ambulatory surgical centers, clinics, and others. The ambulatory surgical centers segment is anticipated to constitute major share of the fiberscopes market during the forecast period, owing to the increase in trend of minimally invasive surgeries.

Based on geography, the global fiberscopes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounts for key share of the global fiberscopes market, followed by Europe and Asia Pacific. Adoption of novel technologies is faster in the U.S. and countries in Europe; therefore, North America and Europe are anticipated to hold major share of the global fiberscopes market during the forecast period. Application of minimally invasive procedures results in minimal scarring and offers improved outcomes. Patients usually prefer minimally invasive procedures over other traditional procedures largely due to the shorter operating times. This drives the need for flexible endoscopes, which are widely used in diagnostic and therapeutic procedures for disease diagnosis and treatment. Consequently, the demand for fiberscopes also increases that allows flexible insertion. The usage of fiberscopes is higher in North America and Europe than in other regions owing to the prevalence of advanced health care infrastructure. Adoption of fiberscopes is also likely to increase in Asia Pacific in the near future. This is projected to drive the fiberscopes market in the region.

Manufacturers are focusing on HD fiberscopes, as these provide high-quality images when used with compatible processors. For instance, Olympus offers CYF-VH cysto-nephro videoscope with narrow-band imaging technology that provides high-quality HD images in comparison to conventional flexible endoscopes. Major players operating in the fiberscopes market include Edmund Optics Inc., GE Healthcare, B. Braun Melsungen, Optomic, orlvision GmbH, Maxerendoscopy, Stryker Corporation, AMD Global Telemedicine, Inc., and Rudolf Riester GmbH.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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