PUBLISHER: The Business Research Company | PRODUCT CODE: 1730858
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730858
Fiberscopes are flexible, fiber-optic tools designed for visual inspection of difficult-to-reach areas, such as inside machinery, pipelines, or the human body. They are made up of a bundle of optical fibers that transmit light and images, enabling real-time observation in medical, industrial, and scientific settings.
The main product types in the fiberscope market include disposable fiberscopes, flexible fiberscopes, rigid fiberscopes, and video fiberscopes. Disposable fiberscopes are single-use devices that offer a cost-effective and hygienic solution by eliminating the need for sterilization. They are particularly suited for infection control and operational efficiency. These fiberscopes are used in various fields, including industrial inspections, medical diagnostics, and research and development. Primary end users include aerospace maintenance facilities, automotive sectors, clinics, diagnostic labs, and hospitals.
The fiberscopes market research report is one of a series of new reports from The Business Research Company that provides fiberscopes market statistics, including the fiberscopes industry global market size, regional shares, competitors with the fiberscopes market share, detailed fiberscopes market segments, market trends, and opportunities, and any further data you may need to thrive in the fiberscopes industry. This fiberscopes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fiberscope market size has grown strongly in recent years. It will grow from $1.43 billion in 2024 to $1.56 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth during the historic period can be attributed to factors such as the growing demand for accurate and efficient diagnostic tools, higher healthcare spending, an increased focus on patient comfort and safety in medical procedures, the rising use of lasers in dentistry and cosmetology, and a higher demand for minimally invasive procedures.
The fiberscope market size is expected to see strong growth in the next few years. It will grow to $2.17 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth during the forecast period can be attributed to continued research on biomedical sensors, an expanding geriatric population, the rise in chronic diseases, stricter safety regulations, and a growing demand for customized fiberscopes. Key trends in this period include technological advancements, sustainable design approaches, the integration of artificial intelligence and machine learning, and the rise of telemedicine and advanced robotic-assisted procedures.
The growing preference for minimally invasive procedures is expected to drive the expansion of the fiberscopes market. Minimally invasive procedures are medical techniques that involve smaller incisions or no incisions at all, aiming to reduce trauma to the body compared to traditional open surgery. This preference is fueled by several factors, including the benefits for patients and advancements in medical technology. Fiberscopes play a crucial role in these procedures by offering high-resolution imaging and flexible navigation through narrow or hard-to-reach areas, enabling precise diagnostics and treatments with minimal tissue disruption. For example, in June 2024, the American Society of Plastic Surgeons reported that minimally invasive procedures grew by 7% in 2023, surpassing surgical procedures. This growth included over 9 million neuromodulator injections and 5 million hyaluronic acid fillers. Additionally, 347,782 liposuction procedures were performed in 2023, reflecting a 7% increase compared to 2022. Therefore, the rising demand for minimally invasive procedures is driving the growth of the fiberscopes market.
Companies in the fiberscope market are focusing on developing innovative products, such as fiber optic borescopes, to improve imaging precision, flexibility, and durability for both industrial and medical inspections. Fiber optic borescopes are inspection devices that use fiber optic technology to provide visual access to hard-to-reach areas. These devices consist of a flexible tube containing an optical fiber bundle, a light source, and a camera or lens at the end. For example, in June 2023, Titan Tool Supply Inc., a US-based manufacturing company, launched its Industrial Micro Fiberscope Series, which includes the L-Series with two models, the L-1 (1 mm diameter, 42° field of view, 6-inch working range) and the L-2 (2 mm diameter). These precision instruments are designed for remote visual inspections in difficult environments, making them ideal for industries such as automotive, aerospace, and manufacturing. The series also features the Model TR.L1 16-LED Ring Illuminator, which provides adjustable, shadow-free lighting to enhance visibility during inspections.
In April 2023, Bain Capital Private Equity, a US-based private equity firm, acquired Evident Corporation for an undisclosed amount. This acquisition aims to boost Evident Corporation's ability to innovate and expand its market presence as an independent entity. Evident Corporation is a Japan-based company that specializes in manufacturing equipment, including fiberscopes.
Major players in the fiberscopes market are Baker Hughes Company, Stryker Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Intuitive Surgical Inc., Fluke Networks Inc., Olympus Corporation, Hill-Rom Holdings Inc., Richard Wolf GmbH, Moritex Corporation, Cole-Parmer India Pvt Ltd, Karl Storz GmbH & Co. KG, Optim Inc., Yangtze Optical Fibre and Cable Joint Stock Limited Company, Scope Technology Inc., Titan Tool Supply Inc., Clarus Medical LLC, Zistos Corporation, Gradient Lens Corporation, Zibra Inc., Lenox Instrument Company Inc., Global Borescope Inspection Inc., Fiberscope.net Inc., Advanced Inspection Technologies Inc., NDTec AG, Bipol SA, and Scholly Fiberoptic GmbH.
North America was the largest region in the fiberscopes market in 2024. The regions covered in fiberscopes report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the fiberscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fiberscopes market consists of sales of products including endoscopes, borescopes, inspection cameras, automotive fiberscopes, and aerospace fiberscopes. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fiberscopes Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fiberscopes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fiberscopes ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fiberscopes market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.