Medical Fiber Optics Market Set to Expand

The global medical fiber optics market is expected to reach $1.34 billion in 2019, according to a new report from Persistence Market Research PVT Ltd.

Valued at $863.1 million in 2013, the market is set to expand at a compound annual growth rate of 7.6 percent. North America is the largest market of medical fiber optics. Improved medical infrastructure and increased usage of medical fiber optics in minimally invasive surgeries are key drivers for the medical fiber optics market in the region.

Asia is the fastest growing region in the medial fiber optics market due to medical infrastructure development and aging population with related disorders. Several government initiatives in medical fiber optics are also contributing to the growth.

Persistence Market Research is a global market research firm specializing in syndicated research, custom research and consulting services.