Australia Medical Fiber Optics Market Size & Outlook
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Australia medical fiber optics market highlights
- The Australia medical fiber optics market generated a revenue of USD 152.7 million in 2022 and is expected to reach USD 271.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, multimode optical fiber was the largest revenue generating type in 2022.
- Plastic Optical Fiber (POF) is the most lucrative type segment registering the fastest growth during the forecast period.
Medical fiber optics market data book summary
| Market revenue in 2022 | USD 152.7 million |
| Market revenue in 2030 | USD 271.9 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Multimode optical fiber |
| Fastest growing segment | Plastic Optical Fiber (POF) |
| Historical data | 2016 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Mode Optical Fiber, Multimode Optical Fiber, Plastic Optical Fiber (POF), Fiber Bundles |
| Key market players worldwide | Integra Lifesciences Holdings Corp, Coherent Corp, Leoni AG ADR, MKS Instruments Inc, Schott Pharma AG & CO KGaA, Hirose Electric Co Ltd, Georg Fischer AG, Smiths Group PLC, Molex |
Other key industry trends
- In terms of revenue, Australia accounted for 3.3% of the global medical fiber optics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China medical fiber optics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 498.7 million by 2030.
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Medical Fiber Optics Market Scope
Medical Fiber Optics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hirose Electric Co Ltd | View profile | 5207 | 5-23. Osaki 5-chome, shinagawa-ku, Tokyo, Japan, 141-8587 | https://www.hirose.com |
| MKS Instruments Inc | View profile | 10200 | 2 Tech Drive, Suite 201, Andover, MA, United States, 01810 | https://www.mksinst.com |
| Molex | View profile | 11-50 | Hankamer, Texas, United States, North America | https://www.molexcompany.com |
| Coherent Corp | View profile | 27000 | 375 Saxonburg Boulevard, Saxonburg, PA, United States, 16056 | https://www.ii-vi.com |
| Leoni AG ADR | View profile | 96365 | Marienstrasse 7, Nuremberg, Germany, D-90402 | https://www.leoni.com |
| Georg Fischer AG | View profile | 19824 | Amsler-Laffon-Strasse 9, Schaffhausen, Switzerland, 8201 | https://www.georgfischer.com |
| Schott Pharma AG & CO KGaA | View profile | 4646 | Hattenbergstrasse 10, Mainz, RP, Germany, 55122 | https://www.schott-pharma.com |
| Smiths Group PLC | View profile | 15000 | 11-12 St James’s Square, 4th Floor, London, United Kingdom, SW1Y 4LB | https://www.smiths.com |
| Integra Lifesciences Holdings Corp | View profile | 3946 | 1100 Campus Road, Princeton, NJ, United States, 08540 | https://www.integralife.com |
Australia medical fiber optics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical fiber optics market will help companies and investors design strategic landscapes.
Multimode optical fiber was the largest segment with a revenue share of 45.51% in 2022. Horizon Databook has segmented the Australia medical fiber optics market based on single mode optical fiber, multimode optical fiber, plastic optical fiber (pof), fiber bundles covering the revenue growth of each sub-segment from 2016 to 2030.
Key factors driving the market include growing preference of patients for minimally invasive surgeries. Large number of endoscopic surgeries related to spine, gastrointestinal organs, esophagus, and others are performed in the country each year.
Furthermore, a large percentage of the Australian population is overweight. The Australian Bureau of Statistics’ National Health Survey 2017–2018 indicated that 67% of Australian adults were overweight or obese. This percentage was reported to be 63.4% in 2014–2015.
The Australian government is promoting measures to combat obesity and individuals are opting for weight-loss surgeries, such as bariatric and endoscopic sleeve gastroplasty. According to Fifth Annual Report of the Bariatric Surgery Registry, in 2017, around 30,000 patients in the country underwent bariatric surgery.
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Our clientele includes a mix of medical fiber optics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia medical fiber optics market , including forecasts for subscribers. This country databook contains high-level insights into Australia medical fiber optics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Australia medical fiber optics market size, by type, 2016-2030 (US$M)
Australia Medical Fiber Optics Market Outlook Share, 2022 & 2030 (US$M)
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