Market Overview:
The global laser fiber in medical market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in laser fibers. Based on type, the global laser fiber in medical market is segmented into single-use medical laser fiber and reusable medical laser fiber. The single-use medical laser fiber segment is expected to grow at a higher CAGR than the reusable medical Laser Fiber segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as growing preference for disposable products over reusable products and increasing demand for minimally invasive surgeries. Based on application, the global Laser Fiber In Medical Market is divided into urology, OB/GYN, vein treatment, endoscopic surgery, dermatology plastic surgery and others segments. The urology segment accounted for majority share of revenue generated by this market in 2017 owing high prevalence rate of urinary tract infections (UTIs) across different geographies coupled with rising adoption rates of minimally invasive procedures among patients suffering from UTIs worldwide Urology applications are further classified as lithotripsy (ESWL), prostatectomy & cryotherapy and nephrectomy).
Product Definition:
A laser fiber is a thin, flexible fiber that is used to deliver laser energy to a target. The laser energy can be used for a variety of purposes, including surgery, hair removal, and wrinkle reduction.
Single-Use Medical Laser Fiber:
Single-Use Medical Laser Fiber (SMLF) is a new term in the market which was introduced recently. It is an optical fiber, which can be used only once and then it gets disposed. The SMLF has applications in various medical fields such as dentistry, ophthalmology, dermatology and others. This technology has been developed by Teleflex Inc.
Reusable Medical Laser Fiber:
Reusable medical laser fiber (RMLF) is a type of high-performance, single-use, non-toxic optical fiber. It is made from silica and has a core diameter of 10 to 15 microns. The outer coating on these fibers can be either glass or plastic based depending upon the application requirements.
Application Insights:
Based on application, the market is segmented into urology, obstetrics and gynecology (O&G), vein treatment, endoscopic surgery, plastic surgery, dermatology and others. O&G was estimated as the largest segment in 2017 owing to increasing demand for laser fibers for various applications such as diagnostic imaging & interventional procedures. The urology segment is expected to witness lucrative growth over the forecast period due to rising incidence of urinary disorders such as Benign Prostatic Hyperplasia (BPH) & prostate cancer which requires medical intervention for early diagnosis.
The vein treatment application is also expected to witness significant growth during the forecast period due to high demand from several industries including oil & gas and pharmaceuticals among others. In addition, increasing R&D activities by major players coupled with growing adoption of these products in clinical trials are further anticipated to boost industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing number of minimally invasive surgeries, rising incidence of chronic diseases, and growing adoption of advanced technologies. The region is expected to maintain its dominance over the forecast period due to increasing R&D investments by companies and introduction of technologically advanced products.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure & affordability for patients & physicians. In addition, high prevalence rate for chronic diseases in countries like India are also contributing towards regional growth. For instance, according to NCBI; around 1 million people die dueto cancer every year in India which accounts for 22% deaths from all causes combined annually (1). Thus these facts point out that there is a huge potential demand for laser fibers across this region which can be utilized through various applications thereby driving regional demand across Asia Pacific and Middle East Africa regions during the forecast period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Laser fiber-based devices are ideally suited for use in minimally invasive surgeries due to their small size and ability to transmit light through very small optical fibers.
- Growing demand for laser-based medical devices: The global market for laser-based medical devices is expected to grow at a CAGR of 9% from 2016 to 2021. This growth can be attributed to the increasing use of lasers in a variety of medical applications, such as cancer treatment, cosmetic surgery, ophthalmology, and dentistry. Laser fiber technology offers several advantages over other types of lasers used in medical applications, including smaller size and weight; lower power consumption; greater flexibility; and the ability to transmit light through very small optical fibers without any loss in intensity or clarity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Fiber in Medical Market Research Report
By Type
Single-Use Medical Laser Fiber, Reusable Medical Laser Fiber
By Application
Urology, OB/GYN, Vein Treatment, Endoscopic Surgery, Dermatology, Plastic Surgery, Others
By Companies
Boston Scientific, C. R. Bard, Cook Medical, Olympus, Lumenis, Spectranetics, MED-Fibers, Biolitec, ForTec Medical, Clarion Medical, Hecho Technology, Nanjing Chunhui, Wuxi Dahua Laser, Accutech, Curestar, Beijing L.H.H. Medical, Raykeen, Shenzhen Xinrui
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Laser Fiber in Medical Market Report Segments:
The global Laser Fiber in Medical market is segmented on the basis of:
Types
Single-Use Medical Laser Fiber, Reusable Medical Laser Fiber
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Urology, OB/GYN, Vein Treatment, Endoscopic Surgery, Dermatology, Plastic Surgery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- C. R. Bard
- Cook Medical
- Olympus
- Lumenis
- Spectranetics
- MED-Fibers
- Biolitec
- ForTec Medical
- Clarion Medical
- Hecho Technology
- Nanjing Chunhui
- Wuxi Dahua Laser
- Accutech
- Curestar
- Beijing L.H.H. Medical
- Raykeen
- Shenzhen Xinrui
Highlights of The Laser Fiber in Medical Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single-Use Medical Laser Fiber
- Reusable Medical Laser Fiber
- By Application:
- Urology
- OB/GYN
- Vein Treatment
- Endoscopic Surgery
- Dermatology
- Plastic Surgery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Fiber in Medical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Laser fiber is a type of medical fiber that uses lasers to create an optical signal. This signal can be used to transmit information through the body, or to help doctors treat patients.
Some of the key players operating in the laser fiber in medical market are Boston Scientific, C. R. Bard, Cook Medical, Olympus, Lumenis, Spectranetics, MED-Fibers, Biolitec, ForTec Medical, Clarion Medical, Hecho Technology, Nanjing Chunhui, Wuxi Dahua Laser, Accutech, Curestar, Beijing L.H.H. Medical, Raykeen, Shenzhen Xinrui.
The laser fiber in medical market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Fiber in Medical Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laser Fiber in Medical Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laser Fiber in Medical Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laser Fiber in Medical Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laser Fiber in Medical Market Size & Forecast, 2020-2028
4.5.1 Laser Fiber in Medical Market Size and Y-o-Y Growth
4.5.2 Laser Fiber in Medical Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single-Use Medical Laser Fiber
5.2.2 Reusable Medical Laser Fiber
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Urology
6.2.2 OB/GYN
6.2.3 Vein Treatment
6.2.4 Endoscopic Surgery
6.2.5 Dermatology
6.2.6 Plastic Surgery
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Fiber in Medical Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Fiber in Medical Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single-Use Medical Laser Fiber
9.6.2 Reusable Medical Laser Fiber
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Urology
9.10.2 OB/GYN
9.10.3 Vein Treatment
9.10.4 Endoscopic Surgery
9.10.5 Dermatology
9.10.6 Plastic Surgery
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single-Use Medical Laser Fiber
10.6.2 Reusable Medical Laser Fiber
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Urology
10.10.2 OB/GYN
10.10.3 Vein Treatment
10.10.4 Endoscopic Surgery
10.10.5 Dermatology
10.10.6 Plastic Surgery
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single-Use Medical Laser Fiber
11.6.2 Reusable Medical Laser Fiber
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Urology
11.10.2 OB/GYN
11.10.3 Vein Treatment
11.10.4 Endoscopic Surgery
11.10.5 Dermatology
11.10.6 Plastic Surgery
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single-Use Medical Laser Fiber
12.6.2 Reusable Medical Laser Fiber
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Urology
12.10.2 OB/GYN
12.10.3 Vein Treatment
12.10.4 Endoscopic Surgery
12.10.5 Dermatology
12.10.6 Plastic Surgery
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single-Use Medical Laser Fiber
13.6.2 Reusable Medical Laser Fiber
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Urology
13.10.2 OB/GYN
13.10.3 Vein Treatment
13.10.4 Endoscopic Surgery
13.10.5 Dermatology
13.10.6 Plastic Surgery
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Fiber in Medical Market: Competitive Dashboard
14.2 Global Laser Fiber in Medical Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 C. R. Bard
14.3.3 Cook Medical
14.3.4 Olympus
14.3.5 Lumenis
14.3.6 Spectranetics
14.3.7 MED-Fibers
14.3.8 Biolitec
14.3.9 ForTec Medical
14.3.10 Clarion Medical
14.3.11 Hecho Technology
14.3.12 Nanjing Chunhui
14.3.13 Wuxi Dahua Laser
14.3.14 Accutech
14.3.15 Curestar
14.3.16 Beijing L.H.H. Medical
14.3.17 Raykeen
14.3.18 Shenzhen Xinrui
