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Biophotonics – A Global Market Overview
“The report reviews, analyzes and projects the global market for Biophotonics, segmented by applications,
technologies and end-use sectors for the period 2014-2022.”
Published: May 2017
Report Code: BT017
Pages: 486
Charts: 333
Price: $4950 Single User License, $7650 Enterprise License
SUMMARY
Biophotonics is a field of science that employs the power of light (in terms
of photons) and other types of radiant energy to examine the functional,
structural, biological, mechanical and chemical properties of biological
materials and systems. Though the initial focus of this technology has been
in providing enhanced diagnosis for various health conditions, the current
application of Biophotonics in a multitude of verticals, such as agriculture,
biotechnology, food diagnostics and therapeutics has been the primary
driving force behind its wider adoption. This has been made possible by
untiring research efforts aimed at attuning the technology to encompass a
wider base of applications in the more promising areas of environment
control and monitoring and agriculture and food applications.
Advancements in optical technology, high incidences of chronic diseases
and increasing demand for minimally invasive surgeries are also
contributing to the growth in Biophotonics. Emerging economies have yet
to fully exploit the opportunities offered by Biophotonics, which is slated
to propel demand in regions such as Asia-Pacific and Latin America.
Despite these developments, it is anticipated that a bulk of the market for
Biophotonics would be accounted for by its use in the medical sector. The
technology offers capability of addressing some of the essential
healthcare needs of an aging global population, which will remain a key
factor in bolstering demand. Other significant factors contributing to
growth in the market for Biophotonics include ongoing research and
development activities in various applications and government support
for novel cost-effective medical technologies.
Global market for Biophotonics applications analyzed in this study include
Analytics & Sensing, Imaging, and Processing & Curing. These applications
further categorized in to Analytics & Sensing – Biosensors, Molecular
Spectroscopy, Other Analytics & Sensing Applications; Imaging – Inside
Imaging (Endoscopy), Optical Microscopy, See-Through Imaging and
Surface Imaging; and Processing & Curing – Light Therapy and Other
Processing & Curing. The report also explores the global markets of
Biophotonics by end-use sectors comprising Medical Diagnostics, Medical
Therapeutics, Tests & Components and Non-Medical Applications while
special focus on technologies including In Vitro and In Vivo.
This 486 page global biophotonics market research report includes 333
charts (includes a data table and graphical representation for each chart),
supported with meaningful and easy to understand graphical
presentation, of market numbers. This report profiles 17 key global
players and 28 major players across North America – 17; Europe – 6; Asia-
Pacific – 4; and Rest of World – 1. The research also provides the listing of
the companies engaged in the domain of Biophotonics. The global list of
companies covers the address, contact numbers and the website
addresses of 119 companies.
Global Biophotonics Market Analysis (2014-2022) in USD Million
The market for Biophotonics forecast to be US$36.8 billion in 2017 and
projected to reach US$59.9 billion by 2022 at a CAGR of robust 10.2%
between 2017 and 2022. Imaging estimated the largest consumer of
biophotonics with market worth US$20.3 billion 2017 and projected to
grow by a CAGR of 10.3% during the same analysis period. Analytics &
Sensing applications anticipated to grow at a faster phase at a CAGR of
10.4% to reach US$19.4 billion by 2022.
The study exclusively analyzes the Biophotonics applications/sub-types,
technologies and application sectors are analyzed in terms of USD for
2014-2022 analysis period across the global markets comprising North
America, Europe, Asia-Pacific, Latin America and Rest of World. The
regional markets further analyzed for 13 independent countries across
North America – The United States and Canada; Europe – France,
Germany, Italy, the United Kingdom and Rest of Europe; Asia-Pacific –
China, India, Japan, South Korea and Rest of Asia-Pacific; South America –
Argentina, Brazil, Mexico and Rest of South America.
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2014
2017
2022
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