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Pulished Date April, 2021
ID: 6529
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North America Medical Fiber Optics Market Research Report - Segmented By Fiber Type, Application, Usage, End User & Country (U.S, Canada & Rest of North America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2021 to 2026)

Pulished: April, 2021
ID: 6529
Pages: 145

North America Medical Fiber Optics Market Size & Growth (2021 to 2026):

As per the research report, the size of the North America Medical Fiber optics Market was valued at USD 329.57 Million in 2021 and estimated to be growing at a CAGR of 5.12%, to reach USD 423.09 Million by 2026 during the forecast period 2021 to 2026.

The North American medical fiber optics market is projected to be fueled by the Increasing prevalence of chronic diseases such as diabetes, cancer, and other conditions. Also, the rise in the number of endoscopic operations for early diagnosis of cancer and other chronic illnesses are the major key drivers of the market growth.

In addition, the components need many labor-intensive modifications and changes throughout the assembly process of the device as well as, the rise in the acceptance of the technologically sophisticated devices with the expanding awareness of minimally invasive surgeries are increasing the demand for the growth of the market.

Other factors that boost the industry include the increase in the usage of lasers in dentistry and cosmetology and continuous research on biomedical sensors; the rise in the market rivalry among prominent companies is also fueling the medical fiber optics market.

Moreover, the presence of key market players and product manufacturers is uplifting the market growth. For instance, medical fiber optics include lasers, amplifiers, attenuators, connectors, filters, and switches that the manufacturers still handcraft.

Furthermore, with the increase in new technological advancements and innovations, there is a greater need for instruments to be used with medical and healthcare technologies to monitor the outcomes. In addition, when alternative cables are compared to fiber optical cables, the demand for fiber optic cables increases.

However, the lack of trained and skilled individuals is due to the limitation in the investments. Also, delays in regulatory permits for the development of new diagnostic equipment are stifling the market's growth. In addition, players are hesitant to acquire technological licenses or intellectual property in these nations due to a lack of investment. As a result, they are still unable to utilize more efficient techniques designed to produce medical fiber optics. Also, the demand in the market is restricted due to the chemotherapy treatment for cancer diseases that requires a high level of light intensity.

Internal substitutes provide a modest threat to the market. The rising preference for plastic and polymer-based optical fibers over glass fibers due to their lower cost stifles the need for traditional glass-based medical optical fibers. In addition, the high price of medical fiber optics is expected to hamper industry expansion.

This research report on the North America Medical Fiber Optics Market has been segmented and sub-segmented into the following categories:

By Fiber Type:

  • Pure Silica Fiber
  • Polycrystalline Fiber
  • Polymer Optical

By Application:

  • Image Transmission
  • Illumination
  • Laser Signal Delivery
  • Fiber Optic Confocal Screening
  • Laser Soldering

By Usage:

  • Reusable
  • Disposable

By End User:

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Labs

By Country:

  • U.S
  • Canada
  • Rest of North America

Geographically, the North American market holds the most significant share globally, and it is estimated to account for a predominant market share during the forecast period. The regional market growth is attributed to the growing prevalence of chronic diseases such as cancer and other diseases, with the region's minimally invasive surgeries and technological advancements. Countries like U.S and Canada are projected to increase the market growth by taking initiatives and expanding knowledge of the procedures and various treatments.

The U.S medical fiber optics market dominated the global market. The availability of advanced healthcare facilities, a rise in disposable incomes, and enhanced healthcare infrastructure have contributed to market expansion. In addition, favorable reimbursement policies, new developments, and advancements in the technology in diagnosis are further fuelling the market growth.

On the other hand, the Canada medical fiber optics market is anticipated to witness a considerable share in the coming years. Increasing healthcare expenditure, advancing healthcare sectors, and supportive government policies are likely to influence the growth in the medical fiber optics market.

KEY MARKET PARTICIPANTS

Companies playing a dominant role in the North America Medical Fiber optics Market profiled in this report are Schott, Leoni AG, Rofin, IPG Photonics, and Timbercon Inc.,

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 fiber type                   

                                5.1.1 Introduction           

                                5.1.2 Pure silica fiber      

                                5.1.3 Polycrystalline fiber             

                                5.1.4 Polymer optical     

                                5.1.5  Y-o-Y Growth Analysis, By fiber type          

                                5.1.6  Market Attractiveness Analysis, By fiber type        

                                5.1.7  Market Share Analysis, By fiber type          

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Image transmission             

                                5.2.3 Illumination            

                                5.2.4 Laser signal delivery            

                                5.2.5 fiber optic confocal scanning          

                                5.2.6 Lasr soldering         

                                5.2.7 Y-o-Y Growth Analysis, By application         

                                5.2.8 Market Attractiveness Analysis, By application       

                                5.2.9 Market Share Analysis, By application         

                5.3 Usage                           

                                5.3.1 Introduction           

                                5.3.2 Reusable  

                                5.3.3 Disposable              

                                5.3.4 Y-o-Y Growth Analysis, By usage   

                                5.3.5  Market Attractiveness Analysis, By usage

                                5.3.6  Market Share Analysis, By usage  

                5.4 End users                    

                                5.4.1 Introduction           

                                5.4.2 Hospitals  

                                5.4.3 Specialty clinics      

                                5.4.4 Ambulatory surgical centres            

                                5.4.5 Diagnostic laboratories      

                                5.4.6 Y-o-Y Growth Analysis, By end users           

                                5.4.7  Market Attractiveness Analysis, By end users        

                                5.4.8  Market Share Analysis, By end users          

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By fiber type

                                                6.1.3.3 By Application

                                                6.1.3.4 By usage

                                                6.1.3.5 By end users

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By fiber type

                                                6.1.4.3 By application

                                                6.1.4.4 By usage

                                                6.1.4.5 By end users

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By fiber type

                                                6.1.5.3 By application

                                                6.1.5.4 By usage

                                                6.1.5.5 By end users

                6.2 United States                            

                6.3 Canada                         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Schott                           

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Leoni AG                      

                8.3 Rofin                             

                8.4 IPG Photonics                            

                8.5 Timbercon Inc                           

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by application with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Medical fiber optics Market By fiber type, From 2021 to 2026 ( USD Million )
  2. North America Pure silica fiber Market By Region, From 2021 to 2026 ( USD Million )
  3. North America Polycrystalline fiber Market By Region, From 2021 to 2026 ( USD Million )
  4. North America Polymer optical Market By Region, From 2021 to 2026 ( USD Million )
  5. North America Medical fiber optics Market By Application, From 2021 to 2026 ( USD Million )
  6. North America Image transmisison Market By Region, From 2021 to 2026 ( USD Million )
  7. North America Illumination Market By Region, From 2021 to 2026 ( USD Million )
  8. North America Laser signal delivery Market By Region, From 2021 to 2026 ( USD Million )
  9. North America fiber optic confocal scanning Market By Region, From 2021 to 2026 ( USD Million )
  10. North America Laser soldering Market By Region, From 2021 to 2026 ( USD Million )
  11. North America Medical fiber optics Market By Usage, From 2021 to 2026 ( USD Million )
  12. North America Reusable Market By Region, From 2021 to 2026 ( USD Million )
  13. North America Disposable Market By Region, From 2021 to 2026 ( USD Million )
  14. North America Medical fiber optics Market By End user, From 2021 to 2026 ( USD Million )
  15. North America Hospitals Market By Region, From 2021 to 2026 ( USD Million )
  16. North America Specialty clinics Market By Region, From 2021 to 2026 ( USD Million )
  17. North America Ambulatory surgical centres Market By Region, From 2021 to 2026 ( USD Million )
  18. North America Diagnostic labs Market By Region, From 2021 to 2026 ( USD Million )
  19. United States Medical fiber optics Market By fiber type, From 2021 to 2026 ( USD Million )
  20. United States Medical fiber optics Market By Application, From 2021 to 2026 ( USD Million )
  21. United States Medical fiber optics Market By Usage, From 2021 to 2026 ( USD Million )
  22. United States Medical fiber optics Market By End user, From 2021 to 2026 ( USD Million )
  23. Canada Medical fiber optics Market By fiber type, From 2021 to 2026 ( USD Million )
  24. Canada Medical fiber optics Market By Application, From 2021 to 2026 ( USD Million )
  25. Canada Medical fiber optics Market By Usage, From 2021 to 2026 ( USD Million )
  26. Canada Medical fiber optics Market By End user, From 2021 to 2026 ( USD Million )

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