Global Medical Laser Fiber Market will propel to garner USD 1,268.4 Mn, with a CAGR of 8.4% by 2025
05 June 2018
With increasing global population and increase in life expectancy, the world's healthcare providers are increasingly looking to advanced biomedical instrumentation to enable more efficient patient diagnosis, monitoring, and treatment. In this context, biomedical sensing applications of optical fiber are of growing importance. At the same time, recent advances in minimally invasive surgery (MIS) demand smaller disposable sensing catheters.
Medical laser fiber help to efficiently deliver focused holmium energy and offer the necessary flexibility to meet the challenging deflection needs of flexible ureteroscopy. Medical laser fibers offer high degree of flexibility and durability. These all parameters are expected to drive the medical laser fiber market during the forecast period. In terms of volume, global medical laser fiber market in 2017 stood at 23.15 million units and is expected to reach 38.55 million units by 2025 growing at a CAGR of 8.9% from 2018 to 2025. In terms of revenue, global Medical laser fiber market in 2017 stood at USD 784.1 Mn and is expected to reach USD 1,268.4 Mn by 2025 growing at a CAGR of 8.4% from 2018 to 2025.
On the basis of type medical laser fiber can be classified as thulium laser fibers, holmium laser fibers, and others. Thulium medical laser fiber occupied larger market share as compared to Holmium laser fibers medical laser fiber. While, Holmium medical laser fiber type is expected to grow at a faster growth rate during the forecast period. Major applications of medical laser fiber can be classified as dermatology & plastic surgery, OB / GYN, urology, and others. Dermatology & Plastic Surgery application held the major market share while OB/GYN application is expected to grow at a fastest growth rate during the forecast period.
Region wise global medical laser fiber market is segmented into U.S., Europe, China, Japan, South Korea, Taiwan and RoW. The U.S. held the largest market share followed by Europe and China respectively. China is expected to grow at a fastest growth rate followed by Japan during the forecast period.
Some of the global major players operating in the medical laser fiber market include Boston Scientific Corporation, C. R. Bard, Biolitec, Cook Medical, ForTec Medical, International Medical Lasers, Leoni, Lumenis, Angio Dynamics Corporation and Others
The Global medical laser fiber market is segmented as follows:
Global Medical Laser Fiber Market: Product analysis
Thulium laser fibers
Holmium laser fibers
Global Medical Laser Fiber Market: Application analysis
Dermatology & Plastic Surgery
Global Medical Laser Fiber Market: Region analysis