Optical fiber refers to the flexible and transparent fiber made of quality silica, flexible glass and plastic. Optical fibers have the provision of transferring light between two ends of the fiber. These fibers are widely used for transferring the light over long distance and higher bandwidths as compared to wire cables and are generally used in fiber optics communications. Such fibers provide its various applications in flexible light guide systems, image packages, illumination, flexible light conductors and laser light delivery systems.
Optical fibers have numerous advantages owing to their small size, suitability, protection to electromagnetic interference for remote controlling and multiplexing. During last few decades, medical industry are benefitted with the various applications of optic fibers and rapid changing with the evolve of advanced technology and innovation in this field. Optical fibers are found in two types which include single mode fiber and multiple mode fiber. Single mode fibers are made of very small core that is nine microns in diameter. While multimode fibers are made of large core size that is 50 to 62 microns in diameter.
The rising development of miniature medical and surgical devices and increased usage of fiber-optic trans-illumination in dentistry fiber optics techniques are anticipated to boost the market growth. Moreover, medical fiber optics solutions are being applied in various medical solution which include x-ray imaging, dental head pieces, light therapy, ophthalmic lasers, surgical microscopy, clinical diagnostics, endoscopy, and surgical instrumentation. Therefore, the demand for medical fiber optics techniques is predicted to expand the growth of the market.
However, stringent regulatory framework linked with high risk of intensity of light may trigger the adoption of optical fiber in medical industry. On the other hand, research and development expenditure and new innovations in field of optical fiber by various organizations might positively impact the market growth in the coming years and provide opportunity for the further expansion.
Geographically, medical fiber optics market can be segmented as North America, Europe, Asia Pacific and LAMEA. North America is expected to be dominant in medical fiber optics market owing to the rising healthcare expenditure, better medical delivery method, higher per capita income and advanced healthcare infrastructure. In North American region, there are several medical organizations which include American Cancer Society, Canadian Healthcare Association (CHA) and society of laparoendoscpic surgeons are developing advanced technology in fiber optics and promoting the application of fiber optics in medical treatment is further expected to give a new impetus to the regional market growth.
European countries such as Germany, Italy, France, and the U.K have emerged as the significant consumer markets owing to the rising use of endoscopes and rising awareness towards numerous treatment solutions available with the help of fiber optics.
Asia pacific market is expected to be fastest growing market owing to significant factors including large customer base suffering from numerous diseases and developed healthcare infrastructure. Furthermore, the demand for optics fibers is anticipated to surge in different countries such as China, India, Japan, and Australia on account of broad utilization of optic fibers applications in surgical and hospital equipment and products. In addition, rising government initiative towards advancement of surgical techniques and huge untapped market are also witnessing remarkable growth in the Asia-Pacific region. Furthermore, increasing disposable income levels and the rising geriatric population are anticipated to positively influence the industrial growth over the forecast period.
Prominent players in the market are Timbercon Inc., TRUMPF Group, Vitalcor Inc., Coherent Inc., American Medical System LLC (AMS), Applied Fibrostics, CardioGenesis Corporation, ROFIN-SINAR Technologies Inc., Laserscope, Sunoptic Technologies Inc., IPG Photonics and LEONI AG.
In April 2018, Timbercon Inc., a global leader in fiber optic solutions, launched its new products called “Glass Processing Solution” to expand its product portfolio line of tapered, fused and shaped optic lens products. It includes product lines such as axicon lenses, offset splices, customized ball lenses and tapered fiber etc. Such products provide an array of advantages including better control of spot size, improved power density and end caps.
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