Medical Fiber Optics Market by Recent Trends, Developments in Manufacturing Technology, Growth and Demand
Medical fiber optics is optical fiber used for medical applications.
Optical fiber is a transparent and flexible fiber prepared of quality flexible
glass, silica and plastic. Optical fibers are generally used as a mean to
transfer light between two ends of fiber. It has a wide usage in fiber optics
communications, where it permits light transfer over elongated distance and at
much higher bandwidths compared to wire cables. Fibers are used for flexible
light guide systems, laser light delivery systems, flexible image bundles, and
illumination and light conductors.
Fiber optics has found its application in medical industry for years.
The physical feature of fiber makes it a usual choice for different
applications. Optical fibers are generally used in illumination and are of two
basic types – multiple mode fiber and single mode fiber. Single mode fiber has
a small core of approximately nine microns in diameter. It limits the transmitted
light in the fiber, which minimizes scattering of light pulses. Conversely,
multimode fiber has a large core size of about 50 to 62 microns in diameter and
it propagates more than one mode of light.
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Based on the application of fiber optics in medicals, the medical fiber
optics market can be broadly categorized into ophthalmic lasers, X-ray imaging,
clinical and lab diagnostics, light therapy, dental hand pieces, diagnostic
instrumentation, endoscopy, and surgical microscopy. The physical and optical
characteristics of optical fiber make it a usual choice for enormous
applications in the medical field. The various types the medical fiber optics
are fiber-optic surgical lights, laser fiber-optics, fiber-optic sensors,
endoscopes and fiber-optic dental lights.
Expanding application of fiber optics in the medical and healthcare
industries has created new opportunities for medical fiber optics market in
recent years. Increased applications of fiber optics for modestly persistent
surgeries, continuous miniaturization of medical devices and increase in demand
of advanced diagnostic technologies mainly in the developing market of
Asia-Pacific are some of the factors driving the growth of global medical fiber
optics market. The presence of diversified medical applications contributed
heavily to the growth of medical fiber optics market in recent years.
North America is the largest market for medical fiber optics, owing to
the advanced medical infrastructure, high per capita expenditure on healthcare,
and high number of minimally invasive surgeries in the region. Asia-Pacific was
the fastest growing market of medical fiber optics in 2014. The advancing
healthcare facilities coupled with the consumer awareness towards the advanced
surgical technologies in healthcare are some of the most dominant growth
factors in this region. Moreover, the increase of medical tourism due to low
cost healthcare facilities in countries provides new opportunity for the
medical fiber optics market. By country, the U.S. is the largest market of
medical fiber optics. India and China are fastest growing market in
Asia-Pacific region.
Some of the key competitors of medical fiber optics market are LEONI AG,
Timbercon Inc., ROFIN-SINAR Technologies Inc., Timbercon Inc., Coherent Inc.,
Vitalcor Inc., TRUMPF Group, SCHOTT AG, American Medical System LLC (AMS), IPG
Photonics, and Sunoptic Technologies Inc.
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