Medical fibre optics to hit $1.5b by 2030 as minimally invasive surgery surges

The 6.2% CAGR reflects global growth in high-resolution diagnostic fibres and biomedical sensing.

The global medical fibre optics market, valued at $926.6m in 2021, is projected to reach $1.5b by 2030, with a compound annual growth rate (CAGR) of 6.2%, according to Polaris Market Research.

Medical fibre optics are optical fibres used in healthcare to transmit light and data.

They are applied in endoscopic imaging systems, laser therapy devices, biomedical sensors, and surgical lighting tools.

These fibres support visualisation and data transmission in clinical procedures, Polaris Market Research noted.

The report states that market growth is linked to the adoption of minimally invasive surgeries, improvements in fibre optic materials and photonics sensors, the prevalence of chronic diseases, and the expansion of healthcare infrastructure in emerging economies.

Multimode fibres are used for cost-effective applications, while single-mode fibres are used in high-resolution diagnostics, according to Polaris.

Regionally, North America is the largest market, driven by healthcare spending and technology adoption, while Asia Pacific is growing rapidly due to more surgical procedures and expanding healthcare facilities.

Polaris Market Research added that market players are developing biocompatible, sterilisation-resistant fibres and miniaturised solutions for medical devices.