Upcoming Market for Medical Fiber Optics

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Global Medical Fiber Optics Market to Exhibit 7.60% CAGR Driven by Increased Healthcare Investment The widespread usage of fiber optics in imaging and illumination components of endoscopes has pushed the global medical fiber optics market. In 2013, the global medical fiber optics market was worth US$863.1 million and the rising demand for fiber optics is expected to help the market grow at a CAGR of 7.6% during the period between 2013 and 2019. By the end of 2019, the overall market is expected to be valued at US$1,336.1 million.

Rising Demand for Minimally Invasive Surgeries to Drive the Demand from Global Medical Fiber Optics Market The working of fiber optics is based on the principle of light guidance by refraction. The increased application of fiber optics in minimally invasive surgeries such as microscopy and endoscopy has driven the demand from the global medical fiber optics market. Miniaturization of medical devices has also boosted the demand for fiber optics. The rising demand for advanced diagnostic technologies along with the rapid development in the field of medical fiber technology will lead to extensive growth of the global medical fiber optics market. Improving healthcare infrastructure and innovative applications of medical fiber optics will open new opportunities for the overall market. However, stringent regulatory standards set by authorities such as the U.S. Food and Drug Administration (FDA) will hamper market growth. Also, there have been concerns about the risks attached to the intensity of light used in medical fiber optics, which may paint a negative image of the global medical fiber optics market. The latest trends in the global medical fiber optics market include the increasing popularity of fiber optics sensor technology. Fiber optics sensors display a wide range of properties sensed optically, such as light intensity, concentration, and density. This has led to extensive usage of fiber optics sensors in various medical applications, which include laminate cure analysis, protein analysis, and determination of DNA oligomers, among others. Fiber optics are also gaining importance in optical coherence tomography. Read Full Report: http://www.transparencymarketresearch.com/medical-fiber-opticsmarket.html Endoscopes to Become Major Segment in Global Medical Fiber Optics Market


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