The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Optical Fibers in Endoscopy Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Optical Fibers in Endoscopy Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, Optical Fibers in Endoscopy Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in Optical Fibers in Endoscopy Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Glass Optical Fibers- Market Size & Forecast 2019-2030, USD Million
- Plastic Optical Fibers- Market Size & Forecast 2019-2030, USD Million
By Application
- Rigid Endoscopy- Market Size & Forecast 2019-2030F, USD Million
- Flexible Endoscopy- Market Size & Forecast 2019-2030F, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Key Factor Driver Optical Fibers in Endoscopy Industry Growth by 2030
Rising Elderly Population to Drive the Demand for Fiber-Optics Endoscopy – As the geriatric population has been increasing across countries like Japan, Germany, etc., there has been a growing need for diagnostic and therapeutic procedures to address age-related medical conditions. With the rising geriatric population, a wide range of age-related issues, such as gastrointestinal disorders, respiratory conditions, and others have increased, which require diagnostics. For instance,
- In 2022, as per the Organization for Economic Co-operation and Development (OECD), in Japan the percentage of the elderly population (above 65 years of age) was found to be 29% which rose from 28% in 2019.
This shows an increase in the overall elderly population in these countries, hence demanding for improved endoscopy facilities. Consequently, as endoscopy devices which rely on optical fibers to provide high-quality imaging, have been largely preferred in recent years, it led to an increased demand for optical fibers, thereby driving the market growth.
Who are the Key Players Operating in the Optical Fibers in Endoscopy Industry?
The top companies of the Optical Fibers in Endoscopy market ruling the industry are:
- Stryker Corporation
- Schott
- KARL STORZ SE & Co. KG
- Strauss Surgical
- Fujikura Ltd.
- SUMITA OPTICAL GLASS, Inc.
- AGS Medical
- Olympus Corporation
- Others
- Humanetics
- Richard Wolf GmbH
- Applied Optical Technologies
- Sunoptic Technologies
- j-fiber GmbH
- Allied Meditek
- Foshan JiaLianDa Medical Apparatus Co.,Ltd
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FAQs (Frequently Ask Questions)
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