Market Overview:
The global medical laser fiber market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising prevalence of chronic diseases, and technological advancements in medical lasers. Based on type, the global medical laser fiber market is segmented into single-use medical laser fibers and reusable medical laser fibers. Single-use medical laser fibers are further sub-segmented into disposable and non-disposable types. The disposable type is expected to grow at a higher CAGR during the forecast period as compared to the non-disposable type due to its benefits such as low cost and easy disposal after use.
Product Definition:
A medical laser fiber is a thin, flexible fiber optic cable that is used to deliver laser light to a target area. The importance of medical laser fibers lies in their ability to provide precision and accuracy when performing certain medical procedures.
Single-Use Medical Laser Fiber:
Single-Use Medical Laser Fiber (SULF) is a highly efficient optical fiber, which has been designed for the purpose of delivering enhanced performance in high power laser systems. It is manufactured using silica and plastic and can operate at a wavelength of 1064 nm. The product finds application in ophthalmic surgery, dentistry, dermatology & wound care management among others.
The global SULF market size was valued at USD 536 million in 2016.
Reusable Medical Laser Fiber:
Reusable medical laser fibers are used in various medical applications such as endoscopy, ophthalmic surgery, and dentistry. These lasers can be categorized into two types: single-use and reusable. The single-use ones are expensive due to the high cost of manufacturing but they have a longer shelf life; on the other hand, reusable ones require maintenance but they are cheaper in the long run.
Application Insights:
Based on application, the global medical laser fiber market is segmented into urology, ophthalmology, vein treatment, endoscopic surgery, dermatology plastic surgery and others. The urology segment dominated the overall market in terms of revenue share in 2017. Increasing prevalence of urinary disorders such as Benign Prostatic Hyperplasia (BPH) and prostate cancer is expected to drive demand for these fibers during the forecast period.
The ophthalmology segment is anticipated to witness significant growth over the forecast period owing to increasing number of patients suffering from eye diseases such as diabetic retinopathy and glaucoma which require regular monitoring & treatment procedures at an early stage for a better result.
Regional Analysis:
North America dominated the global market in 2017 owing to factors such as increasing prevalence of chronic diseases, high disposable income, and favorable reimbursement policies. The U.S., which is a major contributor to the North American regional market, has one of the highest per capita healthcare spending along with other developed countries due to rising incidence of chronic diseases and growing aging population.
Asia Pacific is expected to be one of the fastest-growing regions over the forecast period owing to factors such as improving healthcare infrastructure and economic development in emerging countries like China & India & Australia. Moreover, increasing medical tourism in these developing economies will drive demand for these fibers during forecast years from 2018 till 2030 (estimated). For instance, according to a research paper published by International Society for Medical Informatics & Computing (ISMI), Asia accounted for 60%of all medical tourists who visited various destinations around the world between 2010 - 2011 and 2015 - 2016 respectively.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical laser fiber market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because medical lasers offer several advantages over traditional surgical procedures, including reduced trauma, faster healing times, and fewer complications.
- Growing use of lasers in cosmetic surgery: The use of lasers in cosmetic surgery is growing at a rapid pace and is expected to drive the growth of the medical laser fiber market in the coming years. Lasers are being used increasingly for procedures such as hair removal, skin resurfacing, and wrinkle reduction.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer and diabetes is rising rapidly across the world, which is driving the demand for advanced diagnostic and treatment methods such as medical lasers. This will create opportunities for players operating in the medical laser fiber market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Laser Fiber 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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Medical Laser Fiber Market Report Segments:
The global Medical Laser Fiber 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 Medical Laser Fiber 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 Medical Laser Fiber 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Medical laser fiber is a type of fiber optic cable that uses lasers to transmit data. It is often used in medical applications, such as surgery and diagnostic imaging.
Some of the major players in the medical laser fiber 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 medical laser fiber 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 Medical Laser Fiber 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 Medical Laser Fiber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Laser Fiber 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 Medical Laser Fiber 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 Medical Laser Fiber Market Size & Forecast, 2020-2028
4.5.1 Medical Laser Fiber Market Size and Y-o-Y Growth
4.5.2 Medical Laser Fiber 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 Medical Laser Fiber 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 Medical Laser Fiber 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 Medical Laser Fiber Market: Competitive Dashboard
14.2 Global Medical Laser Fiber 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
