Optical Fibers in Endoscopy Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis - MarkNtel Advisors
According to Markntel Advisors Report, Optical Fibers in Endoscopy Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Optical fibers are specialized, thin, and flexible
fibers designed to transmit light and images within endoscopic devices used for
minimally invasive medical procedures. They play a crucial role in visualizing
and illuminating internal body structures, facilitating accurate diagnosis and
surgical interventions. Optical fibers in endoscopy contribute to improved
patient care, enhanced precision, and reduced invasiveness in medical
treatments.
Global Optical Fibers in
Endoscopy Market Research Report & Summary:
Optical Fibers in
Endoscopy Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e.,
2024-30.
Time Period
Captured in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Optical
Fibers in Endoscopy Market?
The top
companies of the Optical Fibers in Endoscopy Market ruling the industry
are:
Stryker Corporation,
Schott, KARL STORZ SE & Co. KG, Strauss Surgical, Fujikura Ltd., SUMITA
OPTICAL GLASS, Inc., AGS Medical, Olympus Corporation, Humanetics, Richard Wolf
GmbH, Applied Optical Technologies, Sunoptic Technologies, j-fiber GmbH, Allied
Meditek, Foshan JiaLianDa Medical Apparatus Co., Ltd., and others
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The Optical Fibers in Endoscopy Market explores
the industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Type
-Glass Optical Fibers- Market Size & Forecast 2019-2030, USD Million
-Plastic Optical Fibers- Market Size & Forecast 2019-2030, USD
Million
-By Application
-Rigid Endoscopy- Market Size & Forecast 2019-2030F, USD Million
-Flexible Endoscopy- Market Size & Forecast 2019-2030F, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Optical
Fibers in Endoscopy Market:
Rising Elderly Population
to Drive the Demand for Fiber-Optics Endoscopy – As
the geriatric population has been increasing across countries like Japan,
Germany, etc., there has been a growing need for diagnostic and therapeutic
procedures to address age-related medical conditions. With the rising geriatric
population, a wide range of age-related issues, such as gastrointestinal
disorders, respiratory conditions, and others have increased, which require
diagnostics.
For instance,
·
In 2022, as per the Organization for Economic
Co-operation and Development (OECD), in Japan the percentage of the elderly
population (above 65 years of age) was found to be 29% which rose from 28% in
2019.
This
shows an increase in the overall elderly population in these countries, hence
demanding for improved endoscopy facilities. Consequently, as endoscopy devices
which rely on optical fibers to provide high-quality imaging, have been largely
preferred in recent years, it led to an increased demand for optical fibers,
thereby driving the market growth.
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