$80.6 Billion Worldiwde Biophotonics Industry to 2027 - Featuring BD, Carl Zeiss, Lumenis and Thermo Fisher Scientific Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 6, 2023--
The “Biophotonics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global biophotonics market size reached US$ 44.8 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 80.6 Billion by 2027, exhibiting a CAGR of 10.28% during 2021-2027.
- Andor Technology Ltd. (Oxford Instruments Plc)
- Carl Zeiss AG (Carl-Zeiss-Stiftung)
- Glenbrook Technologies Inc.
- Hamamatsu Photonics K.K
- Lumenis Ltd.
- Olympus Corporation
- Perkinelmer Inc.
- Thermo Fisher Scientific Inc.
- Zecotek Photonics Inc.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Biophotonics refers to a multidisciplinary research field that uses light-based technologies to study life sciences and medicine. It involves the production and utilization of a light source to detect and manipulate biological materials. Techniques such as spectroscopy, photo-mechanics and fiber optic sensors, which are based on see-through imaging, inside imaging, molecular Spectroscopy, microscopy, analytical sensing and biosensing solutions, are used to study biological tissues, cells and molecules.
These techniques aid in emission, detection, absorption, reflection and modification of radiations from biomolecules and biomaterials. As a result, biophotonics finds extensive applications in the fields of life sciences, agriculture, environmental science, dentistry and medicine.
The increasing prevalence of chronic medical ailments, along with the widespread adoption of biophotonics for disease diagnostics, is one of the key factors driving the growth of the market. The rising geriatric population, which is more susceptible to such ailments, is also driving the market growth.
Furthermore, the widespread adoption of biophotonics from the non-medical sector is creating a positive outlook for the market. It is being used for testing chemicals, toxins and microbial materials for environmental monitoring and defense applications.
Additionally, various technological advancements, such as the advent of nanotechnology and novel photoacoustic tomography (PAT) systems, are acting as other growth-inducing factors. These systems use gold and silica nanoparticles for biomedical imaging and accurate sensing of cancer cells in the patients.
Other factors, including increasing investments in the development of diagnostic and testing facilities for proteins, nucleic acids and viruses, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global biophotonics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technique, technology and application.
Breakup by Technique:
- Surface Imaging
- Molecular Spectroscopy
- Light Therapy
- Inside Imaging
- See-through Imaging
Breakup by Technology:
Breakup by Application:
- Medical Diagnostics
- Medical Therapeutics
- Material Testing
Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global biophotonics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global biophotonics market?
- What are the key regional markets?
- What is the breakup of the market based on the technique?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global biophotonics market and who are the key players?
- What is the degree of competition in the industry?
For more information about this report visit https://www.researchandmarkets.com/r/em60dd
View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005309/en/
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INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 01/06/2023 10:31 AM/DISC: 01/06/2023 10:32 AM