Companiesandmarkets.com

Medical fibre optics market value set to reach $1 billion

Press Release   •   Jul 05, 2012 14:35 BST

The global medical fibre optics market value is set to reach $1 billion by the year 2017, with market growth being predominantly driven by the surging demand for medical fibre optic systems. Additionally, opportunities in the market are also stemming from newer application areas, coupled with the increasing demand for surgical equipment which aid in minimally invasive surgery.

Growing demand for fibre optics in the healthcare sector is pushing suppliers to expand product capacity and manufacturers to focus on developing fibres, which provide enhanced performance and control feature, when compared to the previous versions. For instance, lasers have become more precise than their former versions and cost much less than before.

Fibre optics sensors continue to find new avenues in the medical equipment and healthcare markets. Market prospects for fibre optics sensors continue to increase as developments continue to grow in the 4area of medical equipment in applications, such as diagnosis, disease treatment, monitoring and surgery that are prompting the implementation of high-quality and efficient products and technologies.

The US represents the largest medical fibre optics market, while Asia-Pacific represents the fastest growing region within the medical fibre optics market. The market is projected to post a compound annual growth rate of 7.4% through to 2017.

For more information on the medical fibre optics market, see the latest research: Medical Fibre Optics Market Report

Follow us on Twitter @CandMResearch

Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.