Medical Fiber Optics Market Size & Share, by Fiber Type (Glass Optical Fibers, Plastic Optical Fibers, Specialty Fibers); Application; End-User - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 7194
  • Published Date: Feb 19, 2025
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Medical Fiber Optics Market size was over USD 1.6 billion in 2024 and is expected to reach USD 3.9 billion by the end of 2037, expanding at a CAGR of 7.8% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of medical fiber optics is assessed at USD 1.7 billion.

Medical fiber optics are a pivotal technology for their healthcare specialties, making treatment procedures effortless for physicians and patients. In January 2025, Zeus, a manufacturer of fiber optics announced the unveiling of StreamLiner NG which is the latest accumulation to the company’s StreamLiner series of ultra-thin-walled catheter liners. The company disclosed the innovation officially at the MD&M West trade show in Anaheim, California with the purpose of enhancing consistency and reducing imperfections resulting in an ultra-thin liner with remarkable reliability, mechanical performance, and flexibility, thus positively driving the medical fiber optics market development.

Moreover, the fiber deployment process caters to the installation, elevation, and expansion of services that are positively amplifying the market. Based on this, the Fiber Broadband Association in collaboration with Cartesian stated the payer’s pricing of fiber deployment in its 2023 report to showcase the evolution of the cost. The typical cost of underground fiber deployment ranges between USD 11 to USD 24 per foot and USD 4 to USD 9 in case of aerial deployment. Besides, these expenses were driven by labor, accounting for 50% to 90% of overall cost, and materials constituting 10% to 50%, thus positively impacting the market growth.

Fiber Development Cost Factors

Factors

Cost Range

Rural areas

Underground deployment- USD 12.5/ft

Aerial deployment- USD 5.0/ft

Urban areas

Underground deployment- USD 23.2/ft

Aerial deployment- USD 6.5/ft

Soft earth

Underground deployment- USD 10.0/ft

Rocky terrain

Underground deployment- USD 20.0/ft

Trenching

Underground deployment- USD 12.0/ft

Ploughing

Underground deployment- USD 17.0/ft

Directional boring

Underground deployment- USD 15.1/ft

Source: The Fiber Broadband Association 2023


Medical Fiber Optics Market Size
Get more information on this report: Request Free Sample PDF

Medical Fiber Optics Sector: Growth Drivers and Challenges

Growth Drivers

  • Increased use of fiber optic technology: This ensures quick and safe data transmission as well as storing complex images required for diagnosis procedures. For instance, in November 2024, OKI with the use of silicon photonics technology for semiconductor optical circuits, developed an ultracompact photonic integrated circuit chip. This came with optical fiber sensors, laser vibrometers, and optical biosensors applications to achieve ultra-miniaturization and low power consumption similar to reduce costs through mass production of optical sensor modules, hence a driving factor for the medical fiber optics market.
  • High demand for invasive surgeries: Continuous innovation in medical equipment for healthcare treatments is effectively steering the growth of the market. In February 2024, Philips introduced LumiGuide, a successful innovation in healthcare imaging. This was powered by Fiber Optic RealShape (FORS) technology, enabling medical professionals to steer through blood vessels using light, instead of X-ray. The device provided reflected light along with an optical fiber inside a guidewire to produce 3D, high-resolution, color images of devices inside a patient’s body in real-time, from any angle and in multiple views.

Challenges

  • Rise in expenses: The input expenses for fiber optic cable are adding upward pressure on fiber optic cable prices at a time when the need for fiber technology is high and expected to continue growing. Globally, the cost of fiber optic cable has increased between March 2021 and July 2022, as stated in the March 2023 U.S. International Trade Commission. This has resulted in threatening the financial probability of information communication technology (ICT) investments. Additionally, a surge in the need for electronics, photovoltaic cells, and fiber optic cables has pushed prices for silicon tetrachloride upward, causing a restraint in the market growth.
  • Complexities in logistics: Fiber optic loss is an issue, especially common during connector and cable selection and installation. Besides, intrinsic issues such as loss of absorption, dispersion and scattering, and extrinsic issues including blending, splice, and insertion losses create a gap in the overall logistics process. Moreover, attenuation is a logistic issue, caused due to absorption, bending, and scattering, that may occur during light transmission through the fiber. Hence, all these factors deliberately create challenges for the upliftment of the market.

Base Year

2024

Forecast Year

2025-2037

CAGR

7.8%

Base Year Market Size (2024)

USD 1.6 billion

Forecast Year Market Size (2037)

USD 3.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Medical Fiber Optics Segmentation

 Fiber Type (Glass Optical Fibers, Plastic Optical Fibers, Specialty Fibers)

Glass optical fibers segment is projected to capture medical fiber optics market share of over 37.4% by 2037 based on the fiber type. Factors including exceptional performance, higher bandwidth, and low signal attenuation are responsible for the growth of the segment. In May 2024, BASF opted for sustainable glass fiber in its Ultramid A&B portfolio intending to reduce its Scope 3.1 emissions by 15%. The fiber glasses were manufactured by 3B Fibreglass with the use of green electricity to diminish the carbon footprint. With this implementation, the company reduced its reinforced glass fiber products by 10% and saved 5,000 metric tons of carbon each year, hence driving the development of the market.

Application (Endoscopy, Medical Imaging, Laser Surgery, Illumination, Biosensing)

The endoscopy segment is expected to influence the medical fiber optics market at a considerable rate by the end of 2037. As per the Cleveland Clinic Organization 2023, endoscopy can detect issues in the digestive, nervous, respiratory, urinary, and reproductive systems along with the head, neck, and joints. Besides, vacuum-assisted closure (VAC) systems and endoscopic suturing devices have comprehensive endoscopic proficiencies for treating gastrointestinal wall blemishes. As per the November 2023 Frontiers Organization report, the OverStitch as an endoscopy device ensures full-thickness suturing and has been implemented to treat a wide variety of GI fistulas with a 100% success rate, thus driving the growth of the market.

Our in-depth analysis of the global market includes the following segments:

Fiber Type

  • Glass Optical Fibers
  • Plastic Optical Fibers
  • Specialty Fibers

Application

  • Endoscopy
  • Medical Imaging
  • Laser Surgery
  • Illumination
  • Biosensing

End-User

  • Hospitals & Clinics
  • Home Healthcare
  • Research & Academic Institutes 

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Medical Fiber Optics Industry - Regional Synopsis

North America Market Analysis

North America medical fiber optics market is predicted to account for revenue share of around 66.3% by 2037, due to the presence of policies responsible for innovation in the medical sector. According to the 2025 U.S. Department of State, bureaus and diplomatic programs such as the Office of Science and Technology Cooperation (STC) ensure science, technology, and innovation (STI) ecosystems to economic priorities. Likewise, the   Office of Space Affairs (SA) focuses on strengthening space applications, exploration, and commercialization by increasing understanding of, and support for national space policies. All these programs are catering to technological development, which in turn is posed to positively impact the market.

The U.S. market is gaining traction due to the availability of wearable optical fiber sensors to constitute a huge potential for medical monitoring. As per a review study conducted by NLM in July 2023, the fiber device can attain a nominal error of 0.33% in respiratory monitoring, and in terms of Fabry–Perot interferometry, the accuracy rate is 0.0296 ± 0.001 mw/° in gait analysis. Moreover, this device captures the temporal trends of neck movements with errors of 6.09% for average breath rate and 1.90% for rapid breath rate. Therefore, the application of the device has proved to be a contributing factor to the market growth.

The medical fiber optics market in Canada is witnessing significant growth since there has been an expansion in the adoption of artificial intelligence. As per the December 2024 Government of Canada report, connectivity infrastructure projects in the country delivered 50/10 connectivity to 90% of the population and are aiming to enhance the service to 95% by 2026. Additionally, an investment of USD 1.7 billion for broadband infrastructure and USD 2 million in rural and northern parts is to be initiated. Moreover, an extra USD 750 million is to be funded by CRTC for broadband infrastructure extension. With all these fund provisions, the market is expected to amplify and make effective contributions to the medical sector.

APAC Market Statistics

The medical fiber optics market in APAC is the fastest-growing region and is poised to witness lucrative growth during the forecast timeline. Factors such as administrative initiatives, upgraded health infrastructure, and standard of living in the region are responsible for the upliftment of the market. For instance, the Broadband Recommendation on Broadband Connectivity and the  Recommendation of the OECD Council on the Regulatory Policy and Governance ensure self-regulatory policies, wherein an independent regulatory upholds the responsibility of extended broadband connectivity in Southeast Asia countries, as stated in the 2023 OECD report. They constitute 84% of communications of the fiber establishment, thus a positive impact on the market.

The market in India is expecting substantial growth due to the increase in optical fiber cable connectivity by USD 44,781, especially across 43 cities of Madhya Pradesh and 44 cities of Maharashtra, as notified by the India Ministry of Communications in December 2023. Hence, there has been wide implementation of optical fiber for medical purposes in India. For instance, the launch of SSI Mantra 3 in June 2024 by SS Innovations International, Inc. performed two world-first robotic cardiac telesurgeries within two days. It utilized Airtel’s fiber optic connectivity network to conduct the telesurgery, hence setting a new standard for remote surgical interventions.

The market in China is gaining exposure owing to its wide application in beam therapy, optical imaging, and endoscopes for medical diagnosis and treatment facilities. As per a study conducted by China medical research institutes in January 2024, the adoption of optical fiber sensors in blood glucose concentration resulted in a 2.5% deviation due to 1.95 nm/pH and 3.25 nm/mM sensitivity of glucose probe sensors. Additionally, the SpO2 of arterial blood was 98% and 75% accounted for venous blood. Besides, each of the optical fiber used in the pulse oximeter was split at a 45° angle to reduce motion artifacts and ensure the measurement error was less than 2%, thus a positive outlook for the medical fiber optics market.

Medical Fiber Optics Market Share
Get more information on this report: Request Free Sample PDF

Companies Dominating the Medical Fiber Optics Landscape

    Companies dominating the medical fiber optics market are gaining rapid exposure due to the rise in mergers and acquisitions to make enhancement of their share in the market and provide innovative solutions to end users to anticipate the market growth. For instance, in October 2023, Haemonetics Corporation notified a definitive agreement with OpSens, Inc., wherein Haemonetics acquired all outstanding shares of OpSens for CAD 2.90 (USD 2.05) per share in an all-cash transaction representing a fully diluted equity value of around USD 253 million at the current exchange rate. The purpose was to expand the organization’s hospital portfolio with pioneering fiber optic sensor technology for interventional cardiology.

    • Timbercon Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Molex LLC
    • Coherent Inc.
    • Carl Zeiss Meditec AG
    • Fiberoptics Technology Inc.
    • LEONI
    • Integra LifeSciences
    • Schott AG
    • Newport Corporation
    • Natus Medical Inc.
    • MedLumics
    • GigNet
    • Haemonetics Corporation

In the News

  • In October 2024, MedLumics declared a clinical trial of 10 patients’ treatment with the implementation of the AblaView Unipolar Pulsed Field (PF) Ablation System, a fiber optic-based technology, to aid atrial fibrillation and other arrhythmias.
  • In April 2024, GigNet stated a partnership to provide Internet of Things (IoT) solutions to the hospital industry in the Mexican Caribbean with IotaComm through its advanced fiber-optic network and service delivery platform.

Author Credits:   Radhika Pawar


  • Report ID: 7194
  • Published Date: Feb 19, 2025
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the medical fiber optics market was over USD 1.6 billion.

The market size for the medical fiber optics market is projected to reach USD 3.9 billion by the end of 2037 expanding at a CAGR of 7.8% during the forecast period i.e., between 2025-2037.

The major players in the market are Timbercon Inc., Molex LLC, Coherent Inc., Carl Zeiss Meditec AG, Fiberoptics Technology Inc., and others.

In terms of fiber type segment, the glass optical fibers segment is anticipated to garner the largest market share of 37.4% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 66.3% by the end of 2037 and provide more business opportunities in the future.
logo
GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

See our insights in action - schedule your demo now!

Live Sample Reading