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Global Optical Fibers in Endoscopy Market Insight December 30, 2021 Comments

The optical fiber in endoscopy is forecast to continue rising slowly over the next four years. According to the World Knowledge Information (WKI) “Global Optical Fibers in Endoscopy Professional Survey Report 2020, Forecast to 2025”, The growth of the elderly population vulnerable to gastrointestinal diseases is the main factor driving the growth of global optical fiber in the endoscope market.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 3.36% base on WKI regression analysis model.

Analysts’ Viewpoint:

“As the aging population occupies the mainstream in the world, the medical and health care infrastructure is developing rapidly, and the optical fiber market in endoscope has bright development space.”said Selena, Senior analyst, Chemicals Goods Market Research Center in WKI.”It is suggested that industry participants in the optical fiber market in endoscopy should actively carry out technological innovation, reduce the risk of complications and seize more market share.”

Market insight:

In the next few years, the global optical fiber market in endoscope will expand rapidly. The increase of the elderly population, the increased risk of chronic diseases and the increased prevalence of chronic diseases such as cancer, neurological and gastrointestinal diseases are driving the growth of the global optical fiber endoscope market. In addition, due to the advantages of minimally invasive surgery, shortening recovery time and hospital stay, the use of endoscopy has increased. It is expected that the minimum discomfort of patients will promote the growth of the optical fiber market in endoscopy in the near future.

However, during the forecast period, fiber related complications or risks, such as attenuation and dispersion, may hinder the global fiber of the endoscope market.

Competition Landscape:

The key companies operating in the optical fibers in endoscopy market are Hoya Corporation, Olympus Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Happersberger otopront GmbH, KARL STORZ GmbH & Co. KG, XION GmbH, Cogentix Medical (Vision Sciences Inc.), Strauss Surgical, Vimex Sp. z o.o. and others.

Segmentation of Optical Fibers in Endoscopy Market:

Depending on the type, The optical fiber market in endoscopes can be divided into glass optical fiber (GoF) and plastic optical fiber (POF). The glass fiber segment is expected to dominate the global optical fiber market. However, due to the cost-effective and light weight of plastic optical fiber compared with the glass fiber used in endoscopes, the plastic optical fiber segment is expected to grow rapidly in the next few years. According to the application, the global optical fiber market in endoscopes can be divided into rigid endoscopes and flexible endoscopes Endoscope. Among them, flexible optical fiber endoscope occupies the leading position in the market. Flexible fiber optic endoscope is composed of multiple bundles of fibers, and can be easily twisted and bent to visualize inaccessible internal organs and body structures. Therefore, the flexible fiber optic endoscope segment is expected to grow at a considerable rate in the next few years. This in turn makes the early diagnosis of the disease possible and may promote the development of this segment in the next few years.

Optical Fibers in Endoscopy Market: Regional Analysis

In terms of geography, the global optical fibers in endoscopy market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Major share of the optical fiber market in endoscopes in North America. The increase in the population of elderly patients prone to chronic diseases, the increase in the number of new cancer cases and the increase in the use of endoscopes in the region are the factors leading to the dominance of North America in the global market. However, in the forecast period, Europe will occupy an important share of the optical fiber market in endoscopes. Because the increase of endoscopic procedures for detecting diseases and the presence of mature manufacturers are expected to drive the development of the European market. In addition, in countries such as China, India and Japan, the increase in the number of infants with chronic diseases and the increase in disposable income will promote the rapid growth of the optical fiber market in endoscopes in the Asia Pacific region.

 

Cagr: 3.36%
Largest share area:North America
Largest share country:the United States