The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022

The global market for Medical Fiber Optics is projected to reach US$1.4 billion by 2025, driven by the growing commercial value of fiber optics technology in surgical instrumentation, disease treatment therapies, diagnostic and imaging equipment, and sensor based wearable medical devices and textiles. Heavy utilization of imaging and growing preference for non-invasive surgery will drive a major chunk of opportunities in clinical imaging and endoscopy applications. Benefiting the market will be the rise in endoscopy procedures supported by advantages such as safety and effectiveness in both diagnosis and therapy; minimal morbidity and mortality; less scarring and faster recovery; and rising preference for endoscopic management of GI disorders especially against a backdrop of research studies linking chronic acid reflux and GERD with Barrett’s esophagus and esophageal cancer. The critical role played by radiology imaging in clinical decision support coupled with the growing healthcare burden worldwide will continue to push up the volume load of imaging procedures such as MRI and CT. Other factors also benefiting market growth include rising use of fiber optics in various surgical procedures; miniaturization of medical devices; mounting demand for advanced biomedical instrumentation based on optical fiber for diagnosis, monitoring and treatment; strong demand for flexible, agile and highly maneuverable fiber optic endoscopes; growth in the practice of dentistry and the ensuing increase in the use of Fiber-Optic Transillumination (FOTI) in diagnosis of myriad dental conditions; strong demand for fiber optic hand-held retractors in cosmetic surgeries; rising commercial Interest in the use of Polymer Optical Fibers (POFs) in medical smart textiles. Read More…