Fiberscope Market Size, Share, Opportunities, And Trends By Procedure (Arthroscopy, Bronchoscopy, Vascular Fibroscopy, Cystoscopy, Colonoscopy, Others), By End-User (Healthcare, Military And Defense, Automotive, Manufacturing, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Jun 2024
- Report Code : KSI061611377
- Pages : 112
Fiberscope market is projected to grow at a CAGR of 8.91% during the forecast period to reach US$11.536 billion by 2029, from US$6.348 billion in 2022.
A fiberscope is a flexible optical fiber bundle with an eyepiece on one end and a lens on the other, which is used to study and check small, hard-to-reach places like the insides of machinery, locks, and the human body. Fiberscope lenses are incapable of capturing high-resolution images.
The quality of images captured by a fiberscope is comparable to that of those captured by a night vision camera. Endoscopy, bronchoscopy, and gastroscopy are all procedures that use fiberscopes. Total internal reflection is used by fiber-optic cables in fiberscopes to rely on information visually. Doctors can use fiberscopes to examine the patient's body without making big incisions.
The fiberscope market is predicted to increase due to its minimally invasive nature, which is expected to fuel growth throughout the forecast period.
Market Drivers:
- Rising healthcare expenditure due to health concerns and increased usage of fiberscopes in minimally invasive operations-
Minimally invasive treatments are used by a vast number of surgeons to remove tumors or malignant growths from the body. The use of minimally invasive techniques resulted in better outcomes. Many patients prefer minimally invasive treatments over other standard procedures due to reduced risks and less operation time.
Flexible endoscopes are widely employed in diagnostic and therapeutic procedures for illness diagnosis and treatment. As a result, the need for fiberscopes is increasing, which allows for flexible insertion to prevent blood loss and infection. Furthermore, demand for fiberscopes is expected to increase throughout the forecast period due to rising demand across several business verticals and R&D activities taking place in various countries.
- Increased use of fiberscopes for surveillance and investigation-
Surveillance and investigation equipment used to be larger in size, but smaller equipment built using fiberscope technology is progressively being substituted, giving the investigator an edge. The increasing usage of fibercopes by governments of various nations for security monitoring purposes is also expected to support market expansion over the projection period.
The Whistler Group's Whistler WIC-5200 inspection camera is one example of a fiberscope used in surveillance and investigation. These devices are extremely beneficial when looking in difficult-to-reach areas, and as a result of their increased use, the fiberscope market is expected to rise significantly throughout the projected period.
Market Segmentation:
By procedure, the global fiberscope market is segmented into bronchoscopy, arthroscopy, colonoscopy, vascular fibroscopy, cystoscopy, and others. Due to advantages such as the decreased risk of infection and blood loss, the endoscopy segment is expected to account for a high part of the market. By end-user, the global fiberscope market is segmented into healthcare, military and defense, automotive, manufacturing, and others.
Owing to the rapidly increasing trend of minimally invasive operations, the healthcare segment is expected to acquire a significant share of the fiberscopes market during the projected period. Due to increased public knowledge of endoscopic treatments for diagnostic and therapeutic purposes, fiberscopes are being widely used in the healthcare industry.
By geography, the Global fiberscope market is segmented into five regions North America, Europe, South America, the Middle East and Africa, and Asia Pacific regions:
Due to the presence of a sophisticated healthcare system and a large number of endoscopic procedures performed in the region, the North American region is expected to hold a major market share. Because the adoption of new technologies is faster in the United States and Europe, North America, and Europe are expected to account for the majority of the worldwide fiberscopes market during the forecast period. Because of the rise of minimally invasive surgeries in the region, the Asia Pacific region is expected to see significant growth.
Market Developments:
- March 2022- The introduction of Olympus' premium single-use bronchoscope portfolio marked another milestone in the advancement of technology in respiratory care. It seamlessly combines convenience and workflow efficiencies while enhancing utility in complex procedures, offering a valuable complement to the bronchoscope mix within healthcare facilities.
Fiberscope Market Scope:
Report Metric | Details |
Market Size Value in 2022 | US$6.348 billion |
Market Size Value in 2029 | US$11.536 billion |
Growth Rate | CAGR of 8.91% billion from 2022 to 2029 |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2023 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
Market Segmentation
- By Procedure
- Arthroscopy
- Bronchoscopy
- Vascular Fibroscopy
- Cystoscopy
- Colonoscopy
- Others
- By End-User
- Healthcare
- Military and Defense
- Automotive
- Manufacturing
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- UK
- Germany
- France
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key benefits to the stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. GLOBAL FIBERSCOPE MARKET BY PROCEDURE
5.1. Introduction
5.2. Arthroscopy
5.2.1. Market opportunities and trends
5.2.2. Growth prospects
5.2.3. Geographic lucrativeness
5.3. Bronchoscopy
5.3.1. Market opportunities and trends
5.3.2. Growth prospects
5.3.3. Geographic lucrativeness
5.4. Vascular Fibroscopy
5.4.1. Market opportunities and trends
5.4.2. Growth prospects
5.4.3. Geographic lucrativeness
5.5. Cystoscopy
5.5.1. Market opportunities and trends
5.5.2. Growth prospects
5.5.3. Geographic lucrativeness
5.6. Colonoscopy
5.6.1. Market opportunities and trends
5.6.2. Growth prospects
5.6.3. Geographic lucrativeness
5.7. Others
5.7.1. Market opportunities and trends
5.7.2. Growth prospects
5.7.3. Geographic lucrativeness
6. GLOBAL FIBERSCOPE MARKET BY END-USER
6.1. Introduction
6.2. Healthcare
6.2.1. Market opportunities and trends
6.2.2. Growth prospects
6.2.3. Geographic lucrativeness
6.3. Military and Defense
6.3.1. Market opportunities and trends
6.3.2. Growth prospects
6.3.3. Geographic lucrativeness
6.4. Automotive
6.4.1. Market opportunities and trends
6.4.2. Growth prospects
6.4.3. Geographic lucrativeness
6.5. Manufacturing
6.5.1. Market opportunities and trends
6.5.2. Growth prospects
6.5.3. Geographic lucrativeness
6.6. Others
6.6.1. Market opportunities and trends
6.6.2. Growth prospects
6.6.3. Geographic lucrativeness
7. GLOBAL FIBERSCOPE MARKET BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. By Procedure
7.2.2. By End-user
7.2.3. By Country
7.2.3.1. United States
7.2.3.1.1. Market Trends and Opportunities
7.2.3.1.2. Growth Prospects
7.2.3.2. Canada
7.2.3.2.1. Market Trends and Opportunities
7.2.3.2.2. Growth Prospects
7.2.3.3. Mexico
7.2.3.3.1. Market Trends and Opportunities
7.2.3.3.2. Growth Prospects
7.3. South America
7.3.1. By Procedure
7.3.2. By End-user
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.1.1. Market Trends and Opportunities
7.3.3.1.2. Growth Prospects
7.3.3.2. Argentina
7.3.3.2.1. Market Trends and Opportunities
7.3.3.2.2. Growth Prospects
7.3.3.3. Others
7.3.3.3.1. Market Trends and Opportunities
7.3.3.3.2. Growth Prospects
7.4. Europe
7.4.1. By Procedure
7.4.2. By End-user
7.4.3. By Country
7.4.3.1. Germany
7.4.3.1.1. Market Trends and Opportunities
7.4.3.1.2. Growth Prospects
7.4.3.2. France
7.4.3.2.1. Market Trends and Opportunities
7.4.3.2.2. Growth Prospects
7.4.3.3. United Kingdom
7.4.3.3.1. Market Trends and Opportunities
7.4.3.3.2. Growth Prospects
7.4.3.4. Others
7.4.3.4.1. Market Trends and Opportunities
7.4.3.4.2. Growth Prospects
7.5. Middle East and Africa
7.5.1. By Procedure
7.5.2. By End-user
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.1.1. Market Trends and Opportunities
7.5.3.1.2. Growth Prospects
7.5.3.2. Israel
7.5.3.2.1. Market Trends and Opportunities
7.5.3.2.2. Growth Prospects
7.5.3.3. Others
7.5.3.3.1. Market Trends and Opportunities
7.5.3.3.2. Growth Prospects
7.6. Asia Pacific
7.6.1. By Procedure
7.6.2. By End-user
7.6.3. By Country
7.6.3.1. China
7.6.3.1.1. Market Trends and Opportunities
7.6.3.1.2. Growth Prospects
7.6.3.2. Japan
7.6.3.2.1. Market Trends and Opportunities
7.6.3.2.2. Growth Prospects
7.6.3.3. India
7.6.3.3.1. Market Trends and Opportunities
7.6.3.3.2. Growth Prospects
7.6.3.4. South Korea
7.6.3.4.1. Market Trends and Opportunities
7.6.3.4.2. Growth Prospects
7.6.3.5. Others
7.6.3.5.1. Market Trends and Opportunities
7.6.3.5.2. Growth Prospects
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. Olympus Corporation
9.2. Zibra Corporation
9.3. PCE Instruments
9.4. KARL STORZ NDTec GmbH
9.5. PENTAX Medical
9.6. FUJIFILM Corporation
9.7. Myriad Fiber Imaging Tech., Inc.
9.8. Optim LLC
9.9. Clarus Medical
9.10. B. Braun Melsungen
9.11. Maxerendoscopy
9.12. Stryker
Olympus Corporation
Zibra Corporation
PCE Instruments
KARL STORZ NDTec GmbH
FUJIFILM Corporation
Myriad Fiber Imaging Tech., Inc.
Optim LLC
Clarus Medical
B. Braun Melsungen
Maxerendoscopy
Stryker
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