PORTLAND, Oregon and PUNE, India, February 6, 2018 /PRNewswire/ --
According toa new report published by Allied Market Research, titled, "Optical Fibers in Endoscopy Market by Material and Type: Global Opportunity Analysis and Industry Forecast, 2017-2023," the optical fibers in endoscopy systems was valued at
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Optical fibers in endoscope are narrow tubes of fibers, used to transmit light into the patient's body. Non-coherent fiber optic bundles transmits the light to the specific area whereas coherent fiber optic bundle transmits the final image, which is then examined by the doctor.
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The major factors that contribute to the growth of the market include rise in geriatric population, which is at a higher risk of diseases such as orthopedic diseases, gastrointestinal conditions, ophthalmic diseases, GI cancer, and others. Moreover, rise in adoption of endoscopy due to several benefits such as reduction of risk of complications, minimal scarring, and reduced hospital stays boost the market for endoscopy, which in turn stimulates the use of optical fibers. However, the problems associated with their use such as risk of attenuation and dispersion are expected to restrain the market growth.
Plastic optical fibers in endoscopy segment is expected to witness the highest CAGR of 6.4% during the forecast period. This is primarily attributed to the fact that plastic optical fibers are less expensive and lighter in weight in comparison to glass optical fibers.
Glass optical fibers in flexible endoscopy generated the maximum revenue, accounting for more than four-fifths share of the global optical fibers in endoscopy market in 2016. Within the same segment, plastic fibers is estimated to exhibit the highest CAGR of 6.5% during the forecast period.
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KEY FINDINGS OF THE STUDY
Asia-Pacific is projected to grow at the highest CAGR of 6.5% during the forecast period owing to improvement in healthcare infrastructures and rise in expenditures in emerging markets (such as India and China) to cater to the unmet medical needs.
The major companies profiled in the report include are Hoya Corporation, Olympus Corporation, Boston Scientific Corporation, Fujifilm Holdings Corporation, Happersberger otopront GmbH, KARL STORZ GmbH & Co. KG, XION GmbH, Cogentix Medical (Vision Sciences Inc.), Strauss Surgical, and Vimex Sp. z o.o.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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SOURCE Allied Market Research
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