Biophotonics Market Size, Share, Development, Growth and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT:
Biophotonics Market Size, Share, Development, Growth and Demand
Forecast to 2020

Global Biophotonics Market Size, Share, Development, Growth
and Demand Forecast to 2020
The global biophotonics market is growing significantly due to advancement in optical technology, high incidences
of chronic diseases, and increasing demand for minimally invasive surgeries. The massive unexplored
biophotonics market in the emerging economies and large number of non-medical applications of biophotonics
are creating ample opportunities for the growth of the global biophotonics market. The advanced research and
development facilities and new product development by the key market players are propelling the demand for cost
effective biophotonics instruments, thus fuelling the growth of the global biophotonics market.
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Biophotonics refers to the development of optical techniques for studying, imaging and detecting, various
biomolecules, cells and tissues. Biophotonics is the combination of photonics and biology. It utilizes photons
(light) to study the inner working of biological materials, such as cells and tissues. Biophotonics has a range of
applications ranging from medicine to food, and molecular biology to agriculture. The applications of biophotonics
in medicine include detection, diagnosis and treatment of various diseases. In the food and agriculture industry,
biophotonics is primarily used to detect pathogens; whereas in molecular biology, biophotonics is used to study
and understand the functions and mechanisms of DNA, protein and other biomolecules.
The global biophotonics market can be categorized on the basis of imaging type and applications. Based on
imaging type, the global biophotonics market can be categorized as microscopy, spectro molecular market, inside
imaging, see-through imaging, light therapy, biosensors, surface imaging and other analytics sensing. The seethrough
imaging leads the global biophotonics market, among all the imaging types; whereas, biosensors are
expected to grow at the fastest rate in the coming years.
Based on applications, the global biophotonics market can be categorized, as tests and components, medical
therapeutics, medical diagnostics, and other non-medical applications. Medical diagnostics leads the application
segment of the global biophotonics market. Whereas, the non-medical application segment is expected to be the
fastest growing segment in the global biophotonics market.
Some of the factors driving the growth of the global biophotonics market are aging population, increasing
prevalence of chronic diseases, advancements in optical technology, and up surging research and development
expenditure by major players in the market. In addition, the increasing focus on minimally invasive surgeries and
growing usage of biophotonics instruments in agriculture and food industry, are propelling the growth of the global
biophotonics market. However, lack of skilled professionals, high cost of biophotonics instruments and complexity
of biophotonics techniques are some of the factors, restraining the growth of the global biophotonics market to
some extent.
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Global Biophotonics Market Size, Share, Development, Growth
and Demand Forecast to 2020
Geographically, North America leads the global biophotonics market, due to advancement in biophotonics
techniques, high healthcare expenditure, increasing incidences of chronic diseases and growing geriatric
population. In addition, the increasing usage of biophotonics in food and agriculture, high government funding for
research and development in biophotonics, and stringent regulation regarding food security are fuelling the growth
of the biophotonics market in North America.
Asia-pacific is the fastest growing region in the global biophotonics market. The major reasons for the fastest
growth of the Asia-Pacific biophotonics market are increasing research and development activities, growing usage
of biophotonics techniques in food industry, and up surging healthcare expenditure. Moreover, the biophotonics
market in the region is growing rapidly, due to high prevalence of chronic diseases, increasing geriatric population
and improving healthcare infrastructure in the emerging economies, such as India and China.
Browse related market research at: https://www.psmarketresearch.com/industry-report/healthcare
The major players operating in the global biophotonics market are Hamamatsu Photonics K.K., Becton Dickinson
and Company, PerkinElmer Inc., Oxford Instruments PLC, OLYMPUS CORPORATION, Affymetrix Inc., and Carl
Zeiss Stiftung.
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Global Biophotonics Market Size, Share, Development, Growth
and Demand Forecast to 2020
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