Biophotonics Market

Global Biophotonics Market is valued at USD 53.28 Billion in 2020 and expected to reach USD 109.23 Billion by 2027 with the CAGR of 10.8% over the forecast period

The increasing geriatric population is the major growth factor of the Global Biophotonics Market.

Scope of the Biophotonics Market Report:

Biophotonics is a multidisciplinary research area acceptance all light-based technologies applied to the life sciences and medicine. It is used for the development of techniques that complement the range of current imaging and therapeutic techniques in common clinical use.  It is alarmed with the use of light, in the visible for purpose of reviewing biological tissue, cells and molecules. Biophotonics Technics is used for examining molecular mechanism, function, and structure in biology. Biophotonics technique is used in different applications like Spectroscopy, Photomechanics, and Fiber optic sensors.

Global Biophotonics market report is segmented on the basis of end-use, application, and regional & country level. Based on end-Use, global biophotonics market is classified as tests and components, medical therapeutics, medical diagnostics and non-medical applications. Based on application, global biophotonics market is classified as see-through imaging, microscopy, inside imaging, Spectro molecular, another analytics sensing, light therapy, surface imaging and biosensors.

Global Biophotonics Market Segmentation:

By End-User: 

• Tests and components
• Medical Therapeutics
• Medical diagnostics
• Non-medical application

By Application: 

• See-through imaging
• Microscopy
• Inside imaging
• Spectro molecular
• Light therapy
• Surface imaging
• Biosensors

Biophotonics Companies:

Global Biophotonics Market report covers prominent players like,

• IPG Photonics Corp.
• Idex Corp.
• Toshiba
• Procter & Gamble
• Horiba
• Precision Photonics Corp.
• Roche
• GE
• Philips
• Danone
• Affymetrix, Inc.
• Andor Technology Ltd
• Becton
• Dickinson & Co
• Carl Zeiss AG
• FEI Company
• Hamamatsu Photonics K.K.
• Lumenis Ltd.
• Olympus Corp.
• PerkinElmer Inc.
• Zecotek Photonics Inc. 
• others.

Biophotonics Market Dynamics:-

The increasing population of elderly patients is the major driving factor of global biophotonics market growth. In recent years, increasing health-related problems are also supplementing the market growth. Biophotonics is advanced in a number of fields like a laser, imaging technology and etc. In addition, improving imaging and therapeutic procedures that are commonly set for clinical purposes, including advances in lasers, optics, and fluorescence detectors is also augmenting the market growth. Biophotonics technique is used in the research of cancer cell. Furthermore, Due to the rapidly increasing number of cancer patients globally increases the demand for biophotonics. However, high equipment cost and lack of skilled professionals are the restraining factors of the biophotonics market. Moreover, increasing research on cancer treatment methods can be an opportunity for the further growth of global biophotonics market.

Regional Analysis –

North America is expected to dominate the global biophotonics market due to the government’s initiatives, favorable healthcare infrastructure, and increased investment in R&D activities to develop the industry. Additionally, the increasing prevalence of chronic diseases like cancer, Alzheimer's disease is also fostered biophotonics market growth in this region. The Asia Pacific is an emerging market in biophotonics. Increasing awareness about chronic disease is the major factor that boosts the biophotonics market. For example, Among the 15 Asian countries the highest incidence rates for total cancer in males, whereas female total cancer incidence rates are highest. These factors are boosting the biophotonics market in this region.

On Special Requirement Biophotonics Industry Report is also available for below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

The Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD 53.28 Billion in 2020
Base year considered	2020
Forecast Period CAGR %:	11.50%
Market Size Expected in 2027:	USD 109.23 Billion by 2027
Tables, Charts & Figures:	175
Pages	200
Biophotonics Companies:	IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp., Roche, GE, Philips, Danone, Affymetrix, Inc., Andor Technology Ltd, Becton, Dickinson & Co, Carl Zeiss AG, FEI Company, Hamamatsu Photonics K.K., Lumenis Ltd., Olympus Corp., PerkinElmer Inc., Zecotek Photonics Inc., others.
Segments Covered	By End-User, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits for Biophotonics Market Report–

• Global Biophotonics report covers in-depth historical and forecast analysis.
• Global Biophotonics Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, biophotonics Companies, Competitive Analysis, Regional and Country levels.
• Global Biophotonics report helps to identify opportunities in the marketplace.
• Global Biophotonics report covers extensive analysis of emerging trends and the competitive landscape.