Medical Fiber Optics Market Is in Demand Because of Increasing Usage of Laser Technologies

For several years now, fiber optics has had a pivotal role in the medical field. Healthcare providers attempt to discover advanced biomedical instrumentation to offer more systematic patient diagnosis, monitoring, and treatment.

Fiber optics exhibit several characteristics that make them convenient in the medical field. They are inconsiderate to electromagnetic disturbances that are regularly small in size. Further, their capacity to withstand high temperatures, robust electromagnetic fields like MRIs, and ionizing radiation make fiber optics the right medical tool. Ultimately, optical fibers are harmless, chemically inert, and inherently safe.

Global medical fiber optics market was valued at USD 926.60 Million in 2021 and is expected to reach USD 1,550.74 Million By 2030, growing at a CAGR of 6.2% during the forecast period.

One of the most widespread applications of fiber optics in medicine is the imaging and illumination elements of endoscopes. The flexible yet unbending multi fibers warrant visualizing internal organs and tissues through bodily apertures. Doctors use endoscopes to probe manifestations like abominable pain and nausea, confirm diagnoses or give treatment that is medical. Fiber optic biomedical sensors are another massive application of fiber optic technology. These sensors can be intrinsic or extrinsic and are capable of measuring a variety of physiological features. Blood and body temperature, heart rate, and muscle displacement are a few features that fiber optic sensors can measure.

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Increasing awareness concerning the advantages linked with marginally meddlesome surgeries is the firsthand causing the surge in the number of procedures generating robust demand for fiber optic wires, sensors, and miniaturized cameras, thus pushing the market for medical fiber optics in several healthcare settings. Additionally, lasers are being extensively used in cosmetology and dentistry, and several research studies are being carried out on biomedical sensors, which is anticipated to push the growth.

There are new technological developments in medical fiber optics. Distinctive specialty fiber types are easing the advancement of new sensing concepts. A surgeon must know how to direction, shape, and position a tool during minimally invasive surgery. Specialty medical fiber optics assist offer new solutions for these needs.

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Key players

Key players are concentrating on their creative strategies of product development and conceiving their partnerships, alliances, and merger and acquisition strategies to gain an extensive foothold and gain a competitive edge in the market. Some prominent players in the global medical fiber optics market include Molex, AFL, Schott, Integra Lifesciences Corporation, Fiberoptics Technology Incorporated (FTI), Coherent Inc., and Gulf Fiberoptics.

Recent developments

In November 2019, Schott AG launched SCHOTT SingleEZ Guide plug-and-play illumination blend for single-use endoscopes.

In March 2019, Schott AG launched Autoclavable Solidur LEDs for use in dental and medical technology applications.