Fibers laser are lasers that made of optical fibers and act as a gain medium (a medium which can amplify the power of light) for different purposes like cutting, penetrating etc. Fibers laser have high output power, reliability properties. The fiber laser gives high proficiency, cost adequacy, minimal size, vibrational steadiness, and low support, which makes them perfect for use in enhanced applications. The modern optical fiber lasers is more minimal, effective, and solid when compare with traditional lasers. Initially, fibers laser were used to cut, vaporize, and removed soft tissue but their usages in the medical field has remarkably increased recently. In view of their minimized size, various wavelength and single-mode operation, fibers laser are now utilized for a variety of medicinal applications that depend on particular wavelength and are of uses. Maintenance free operation makes fibers laser exceptionally appealing for specialists and in the medical field.
Based on equipment type, the fibers laser & accessories market can be segmented into quasi continuous wave (QCW) fiber lasers, pulsed fiber lasers and pumping fiber lasers. The QCW fibers laser likely to expand significantly compared to other segment due to its extensive application in the medical field. Moreover, the QCW fibers laser has high peak power and low heat input features which makes the device effective in performing. In terms of application, the market can be categorized into material processing, telecommunication, spectroscopy and medicine. The medicine application segment can be sub categorized into photo dynamic therapy (PDT), photo dynamic detection (PDD) and non-surgical treatment. The material processing segment is expanding at a high growth rate. Use of fibers laser in medicines is also rising, due to high adoption of fibers laser surgery, and dental surgeries. Increasing usage of laser in medical applications, advancements in technology, high quality fibers at a lower cost are factors drives the laser fibers & accessories market. Moreover, the fiber’s wave guiding properties such as reduce or eliminate thermal distortion of the optical path, typically producing a diffraction-limited, and high-quality optical beam makes it important tools in medical use. These advantages have expanded the utilization of laser fibers in the field of medicine to spine surgery, cardiovascular surgery, and eye surgery. However, lack of insurance reimbursements and changes in health insurance policies for the laser fibers treatment have slowed the use of laser treatment. This can affect the market in next few year
In terms of region, the global laser fibers & accessories market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominates global market due to availability of favorable government reimbursement policies for the treatment. The region is followed by Asia Pacific. Increasing demand for laser fibers therapy by electronics and medical device companies in Asia Pacific would drive the market. Moreover, availability of inexpensive fiber materials and low cost of labor especially in China several investor enter the laser fibers & accessories market in Asia Pacific. In Europe, technologically advanced laser fiber devices have been rapidly adopted in the field medicine. This would boost the market in Europe in near future. Technological advancements, increasing per capita income, rising expenditure on personal care and growing incidences of diseases specially eye and skin diseases are likely to augment the market for laser fibers & accessories in Middle East & Africa during the forecast period.
Major players operating in the global laser fibers & accessories market are SPI Laser Limited, Active Fiber Systems GmbH, Advalue Photonics, Calmar Laser Inc., Clark MXR Inc., EKSPLA, ELUXI Ltd. EOLITE Systems, Furukawa Electric Co. Ltd., Fianium Ltd. and FiberLAST Inc.
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
- 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.
2. Insights and Tools
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.
3. Actionable Results
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.