By 2030, the global market size of medical laser fiber will reach 1.369 billion US dollars

According to a recent report by Congic Business Intelligence, the global medical laser fiber market is expected to grow significantly at a compound annual growth rate of 6.9% from 2023 to 2030. This growth is attributed to the increasing popularity of minimally invasive surgery worldwide.

The medical laser fiber market is expected to expand strongly, reaching $1.369 billion by 2030. The market is valued at $806 million in 2022 and is expected to grow at a compound annual growth rate of 6.9% between 2023 and 2030.

Fiber laser is one of the most important applications of fiber laser technology. Its versatility makes it highly effective in both surgery and diagnostic imaging, providing a high level of accuracy, precision, and safety. The main advantage of fiber lasers is their non-contact process, but their compactness, efficiency, and ease of use are important advantages in medical applications.

By type, medical laser fiber products can mainly be divided into thulium laser fiber, holmium laser fiber, and others. These products are mainly used in fields such as dermatology, obstetrics and gynecology, plastic surgery, urology, and intravenous therapy.

According to the type, in 2022, the reusable laser fiber segment contributed the largest market share in the medical laser fiber market. Although reusable optical fibers have higher initial costs, they have great potential for savings, and over time, costs will decrease. Therefore, the department generated significant revenue in 2022.

According to the product type, in 2022, the Thulium Laser Fiber Division contributed the largest market share in the medical laser fiber market due to better endoscopic vision, less stone recovery, and better stone clearance rate.

From an application perspective, in 2022, dermatology companies have the largest market share in the medical laser fiber market. This is due to the increasing use of plastic surgery and the increasing use of medical lasers in these treatments, which has driven the growth of segmented markets.

From a regional perspective, in 2022, North America has the largest market share in the global medical laser fiber market, reaching 39.50%. The development of the market in this region is mainly due to technological advancements in medical equipment and the rapid increase in ophthalmic surgeries such as cataracts - mainly cosmetic surgeries such as breast augmentation, liposuction, eyelid surgery, nose plastic surgery, abdominal plastic surgery, and facial peeling. These factors are driving the growing demand for medical laser fibers in the region.

According to research, companies such as Clarion Medical Technologies, Lumenis Be, and Cook are the main market participants in the latest market environment. These companies continuously utilize new technologies to develop more efficient and cost-effective innovative solutions. In addition, due to the increase in surgical procedures worldwide, it is expected that the global medical laser fiber market will achieve significant growth in the future. The characteristic of this market is fierce competition, with companies focusing on expanding their product supply and increasing their market share through mergers, acquisitions, and partnerships.

Source: OFweek