Thursday, April 29, 2021
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Global Medical Fiber Optics Market to hit a new mile stone by 2019 to Reach USD 1,336.1

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Fiber optics as we all know has a very wide range of applications and medical industry is one of them. Medical is an industry whose sole purpose is to save lives and serve humanity. Fiber optic cable works on a very simple principle of light signals transport data across the cable. Which is made up of high quality glass, silica and plastic. But in the recent years with the growth in the field of biomedical engineering there has been a remarkable rise in the medical fiber optic applications that includes X-ray imaging, ophthalmic lasers, light therapy, lab and clinical diagnostics, dental head pieces, surgical and diagnostic instrumentation, surgical microscopy and endoscopy. These state of the art new technologies has also brought fortune and generate quite a revenue in the market. With very precise diagnostic and pin point accuracy in targeting the targeted cells and tissues, medical fiber optics has created a demand in the market which in turn generates revenue. According to med gadget “Global medical fiber optics market was valued at USD 863.1 million in 2013 and is expected to grow at a CAGR of 7.6% from 2013 to 2019, to reach an estimated value of USD 1,336.1 million in 2019”.

As the world is moving and focusing towards more and more safe health care infrastructure and the exceptionally good results produced by the medical fiber optics, its not a big shot to considering the immense demand in the market.

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