Global Biophotonics Market will reach USD 54.39 Billion by 2021: Zion Market Research

Sarasota, FL, May 08, 2017 -- Zion Market Research has published a new report titled “Biophotonics Market by Application (See-Through Imaging, Microscopy, Inside Imaging, Spectro Molecular, Light Therapy, Surface Imaging, and Biosensors) for Test & Components, Medical Therapeutics, Medical Diagnostics, and Non-Medical End-use: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, the global biophotonics market was valued at around USD 29.08 billion in 2015 and is expected to reach approximately at USD 54.39 billion by 2021, growing at a CAGR of around 11.2% between 2016 and 2021.

Biophotonics is a promising area of scientific research which deals with interactions between biological matter and light. Biophotonics is the science and technology of generating and harnessing photons to manipulate and detect biological materials. Biophotonics uses light beams and forms of energy to diagnose and monitor medical conditions.

Browse through 27 Market Tables and 19 Figures spread through 110 Pages and in-depth TOC on “Global Biophotonics Market: By Application, End-use Segment, Size, Share & Trends to 2015 – 2021”.

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Global biophotonics market is expected to witness lucrative growth over the forecast period owing to increasing geriatric population coupled with rising frequency of chronic diseases. The other key factors predisposing to the growth of biophotonics market include increasing government initiatives and incorporation of IT into the health care applications across the globe. Moreover, the increase in the number of photonic components in the healthcare instruments for higher accuracy & sensitivity and value improvement is expected to propel the market growth in the years to come.However, the high price of biophotonics-based instruments coupled with the complexity of the biophotonics technology may curb the market growth in the near future. Nevertheless, the significant technological advancements over the decade and their adoption in the medical sector are expected to open up new growth opportunities within the forecast period.

Based on application, biophotonics market is classified into see-through imaging, microscopy, inside imaging, spectro molecular, light therapy, surface imaging, and biosensors. In 2015, see-through imaging held the largest share and is expected to witness strong growth in the near future. This is mainly due to strong demand for radical non-invasive surgical procedures in medical sectors, such as brain imaging, cardiology, neurology, Non-medical, and oncology.

Browse the full "Biophotonics Market by Application (See-Through Imaging, Microscopy, Inside Imaging, Spectro Molecular, Light Therapy, Surface Imaging, and Biosensors) for Test & Components, Medical Therapeutics, Medical Diagnostics, and Non-Medical End-Use: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/biophotonics-market

The biophotonics market is segmented on the basis of end-use into test & components, medical therapeutics, medical diagnostics, and non-medical. In 2015, medical diagnostics dominated the biophotonics market is expected to experienced substantial growth in the years to come. This growth is mainly attributed to adoption by different end-users which include healthcare providers, research laboratories, and instrument menu. The non-medical segment is expected to witness the fastest growth in the coming years it's environmental screening and monitoring capabilities.

In terms of revenue, North America held the largest share of the global biophotonics market and is set to dominate the world marketplace within the forecast period. This growth is mainly attributed to the increasing demand for treatment from the aging population. Moreover, high investments in the healthcare industry, surging R&D initiatives and accessibility to the excellent infrastructure is further expected to propel the market growth in the near future in this region. The U.S. was the largest biophotonics market in 2015.

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Asia Pacific biophotonics market is projected to be a fastest growing regional market in the near future. Furthermore, biophotonics market has a huge opportunity in the emerging markets of Asia Pacific due to the increasing aging population, rising health awareness about biophotonics treatment and increasing investment in the healthcare sector especially in China and India.

Europe is expected to exhibit witness significant growth in the years to come. The growth is mainly due to increased concern regarding health among people. Moreover, technological advancement and improvement in health care infrastructure are expected to fuel the market growth within the forecast period. 

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Middle East & Africa is expected to witness significant growth in the near future. This growth is mainly due to the increasing healthcare awareness coupled with advancement in technology. Latin America is another important regional market and is expected to experience significant growth over the forecast period. The growth is mainly due to the increasing demand for biophotonics treatment coupled with technological advancement. The Latin America biophotonics market led by Brazil on account of increasing health awareness couple with rising number of sports injuries. Thus, all aforementioned parameters are expected to drive the market growth in this region.

The key market players comprise Carl Zeiss, LumenisLtd., Hamamatsu Photonics K.K., Becton, Dickinson and Company, Olympus Corporation, Perkinelmer, Inc., Andor Technology Ltd, Affymetrix Inc., FEI Company and Olympus America.

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This report segments the global biophotonics market as follows:

Global Biophotonics Market: End-use Segment Analysis

• Test & Components
• Medical Therapeutics
• Medical Diagnostics
• Non-Medical

Global Biophotonics Market: Applications Segment Analysis

• See Through Imaging
• Microscopy
• Inside Imaging
• Spectro Molecular
• Light Therapy
• Surface Imaging
• Biosensors

Global Biophotonics Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • Germany
  • France
  • UK
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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