Global Fiberscope Market 2017-2021

Overview of the global fiberscope market

According to Technavio’s market research report, the global fiberscope market will grow at a CAGR of close to 4% during the forecast period. The increasing use of fiberscopes in minimally invasive (MI) procedures is one of the key drivers that will drive the market’s growth in the forthcoming years. A large number of surgeons adopt MI procedures to remove masses or cancerous growths from the body. The implementation of MI procedures results in marginal scarring and provides improved outcomes. Many patients prefer MI procedures over other traditional procedures because they involve minimal complications and require shorter operating times. This drives the need for flexible endoscopes that are extensively used in diagnostic and therapeutic procedures for disease diagnosis and treatment. Consequently, the demand for fiberscope also increases that enables flexible insertion to avoid blood loss and chances of infection.

One of the key trends that will gain traction in the global fiberscope market is the increasing demand for HD fiberscopes. When HD fiberscopes are used with compatible processors, they provide high-quality images. For instance, Olympus offered CYF-VH cysto-nephro videoscope with narrow-band imaging technology that provides high-quality HD images in comparison to conventional flexible endoscopes.

Competitive landscape and key vendors

Vendors of the global fiberscope market are increasingly offering advanced products and services to patients worldwide. These vendors are taking efforts to stay competitive in the market by forming collaborations and produce premium-priced products. Vendors are investing heavily in research and developmental activities to come up with HD fiberscopes.

Key vendors in this market are -

• FUJIFILM Holdings
• HOYA
• Olympus
• Hologic
• KARL STORZ
• MedGyn Products
• Stryker

Other prominent vendors in the market include B. Braun Melsungen, Ethicon, Richard Wolf, VIMEX ENDOSCOPY, and WISAP Medical Technology.

Segmentation by end-user and analysis of the fiberscope market

• Healthcare
• Industrial

The healthcare segment is witnessing a high adoption of fiberscopes due to the rising public awareness of endoscopic procedures for diagnostic and therapeutic purposes. The segment will continue to be the largest end-user of fiberscopes in the forthcoming years due to the increasing trend for MI surgery (MIS) across the globe.

Segmentation by geography and analysis of the fiberscope market

• Americas
• APAC
• EMEA

The increasing popularity of MI technologies for early diagnosis, detection of diseases, and effective treatment strategies will encourage surgeons to implement fiberscopes that are used to visualize the section of a human body. The availability of reimbursement policies for MIS will further drive the application of fiberscopes during surgeries.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global fiberscope market?
• What are the key market trends impacting the growth of the global fiberscope market?
• What are the challenges to market growth?
• Who are the key vendors in the global fiberscope market?
• What are the market opportunities and threats faced by the vendors in the global fiberscope market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global fiberscope market?

Technavio also offers customization on reports based on specific client requirement.

Fiberscopes consist of a flexible insertion tube equipped with fiber-optic glass rods, a camera, and ports that allow the user to access and visualize the unreachable section of a machine or a human body.  This upcoming industry research report by Technavio is an essential part of the hardware and semiconductor industry and also gives insights into fast-growth sectors like semiconductor equipment, displays, and embedded systems. Additionally, Technavio’s reports also offer crucial information on all the prominent vendors in the hardware and semiconductor industry.

To accurately predict the semiconductor equipment industry’s growth prospects, our market research specialists pursue a comprehensive research approach of qualitative and quantitative methods and also carry out an extensive analysis of the demand for various products and services spanning diverse markets around the globe. To help clients prepare new plans for market entry, our upcoming industry research report on the global fiberscope market for the years 2017 to 2021 offers practical insights conceived from the data gathered from sources of intelligence such as channel partners, manufacturers, regulatory bodies, and stakeholders.

This upcoming report on the global fiberscope market also takes into aspect the growth of related markets like oscilloscope and photomask inspection, which are expected to grow at a CAGR of about 6% and almost 7%, respectively by the year 2021. As observed by our team of market research analysts, the rising demand for growing incidence of urological disorders such as uterine fibroids, polyps as well as growing demand for less incision surgeries will fuel the semiconductor equipment market’s growth for the coming few years.

This upcoming report for the global fiberscope market enlists the market challenges, drivers, and the current trends in the hardware and semiconductor industry and also reveals insightful overviews into the markets of computing devices, human-machine interface, and sensors.