Global Medical Fiber Optics Market is Expected to Reach USD 1,336.1 Million in 2019: Transparency Market Research

Global Medical Fiber Optics Market is Expected to Reach USD 1,336.1 Million in
                      2019: Transparency Market Research

  PR Newswire

  NEW YORK, April 28, 2014

NEW YORK, April 28, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research
"Medical Fiber Optics Market-Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019," the global medical fiber optics market was
valued at USD 863.1 million in 2013 and is expected to grow at a CAGR of 7.6%
from 2013 to 2019, to reach an estimated value of USD 1,336.1 million in 2019.

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 optic 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.

Browse Medical Fiber Optics Market Report with Full TOC at
http://www.transparencymarketresearch.com/medical-fiber-optics-market.html

On the other hand, stringent regulations and standards impede the growth of
the medical fiber optics market. The risk associated with high intensity of
lights also restrains the growth of the medical fiber optics market. Medical
fiber optics technology uses high intensity of light for treatment and
surgeries of cancer and ophthalmic diseases. This light disrupts the tissue in
histopathology examination.

North America is the largest market of medical fiber optics. Improved medical
infrastructure and increased usage of medical fiber optics in minimally
invasive surgeries are the key drivers of growth in the medical fiber optics
market in the region. Moreover, several associations such as the Society of
Laparoendoscopic Surgeons, the Canadian Healthcare Association (CHA) and the
Association of Canadian Academic Healthcare Organizations (ACAHO) are also
supporting the improvement of healthcare services.

In Europe, several countries including the U.K., France and Germany have
modern healthcare systems. The medical fiber optics market in the region is
expected to witness moderate growth due to improved healthcare infrastructure,
government funding and increased usage of endoscopic minimally invasive
surgeries. Furthermore, the medical fiber optics market in the region is also
driven by the aging population, as more people seek endoscopic treatments for
various age-related diseases such as cardiovascular diseases and ophthalmic
diseases. Moreover, many associations in the region play a vital role in the
growth of the medical fiber optics technology.

Asia is the fastest growing region in the medial fiber optics market due to
medical infrastructure development, government initiative programs, and aging
population and related-disorders. Several government initiatives in medical
fiber optics are also contributing to the growth of medical fiber optics
market in the region.

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LEONI AG and TRUMPF are some of the leading player in the global medical fiber
optics market. Other major players of medical fiber optics market include
SCHOTT, ROFIN, Coherent Inc., IPG Photonics and American Medical System.

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

Browse Medical Fiber Optics Market Report with Full TOC at
http://www.transparencymarketresearch.com/medical-fiber-optics-market.html

Membrane Technology Market, by Geography 

  *North America

       *The U.S.
       *Canada

  *Europe

       *Germany
       *France
       *The U.K.
       *Spain
       *Russia
       *Italy

  *Asia

       *Japan
       *China
       *India

  *Latin America

       *Brazil

  *Rest of the World (RoW)

Browse Medical Devices Market Research Reports @
http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

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