Optical fibers are used to transmit information in the form of light from one place to another. These fibers are used in various applications, which include internet, cable television, computer networking, automotive industry, and medicine and research.
An endoscope consists of 2-3 optical cables, of which one carries light into the patient’s body while the other carries reflected light (image of patient’s body) back up to the physician’s eyepiece, which is then displayed on TV monitor.
The global optical fibers in endoscopy market generated $796 million in 2021, and is projected to reach $1,185 million by 2026, registering a CAGR of 5.8% during the study period.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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This is attributed to rise in geriatric population, which is at a higher risk of diseases such as gastrointestinal conditions, GI cancer, and others. Moreover, rise in adoption of endoscopy due to several benefits such as it reduces the risk of complications, minimal scarring, and reduced hospital stays boost the market for endoscopy, which in turn stimulates the use of optical fibers. However, high are expected to restrain the market growth.
The optical fibers in endoscopy market is segmented based on material, type, and region. By material, the market is categorized into glass optical fibers and plastic optical fibers. Based on type, the market is bifurcated into rigid endoscopy and flexible optical fibers. The rigid endoscopy and flexible endoscopy is further divided into glass and plastic optical fibers. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global optical fibers in endoscopy market, with current trends and future estimations to elucidate the imminent investment pockets.
Quantitative analysis from 2016 to 2023 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.
KEY MARKET SEGMENTS
Glass optical fibers (GOF) in endoscopy
Plastic optical fibers (GOF) in endoscopy
Glass optical fibers
Plastic optical fibers
Glass optical fibers
Plastic optical fibers
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The key players profiled in this report are as follows:
Boston Scientific Corporation
Fujifilm Holdings Corporation
Happersberger otopront GmbH
KARL STORZ GmbH & Co. KG
Cogentix Medical (Vision Sciences Inc.)
Vimex Sp. z o.o.
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What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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