Incorporation of IT in the Healthcare Sector is Expected to Fuel the Market Biophotonics Growth

According to Zion Market Research, the global Biophotonics Market size was valued at around US$ 29.08 billion in 2015 and is expected to reach approximately at US$ 54.39 billion by 2021, rising at a CAGR of approximately 11.2% between 2016 and 2021.

Biophotonics is the combination of biology and photonics, with being the science and technology of generating photons to detect biological materials. Biophotonics can be used to study biological materials. Biophotonics uses light beams and forms of energy to diagnose and monitor medical conditions.

The market is primarily driven by rising aging population coupled with prevalence of chronic diseases. Furthermore, increasing government support and incorporation of IT in the medical sectors is expected to have positive impact on the biophotonics market.  However, high cost of biophotonics-based instruments coupled with complexity of the biophotonics technology may hamper the market growth in the near future. Nevertheless, growing technological advancements over the decade and increasing adoption in the healthcare are anticipated to open up new growth avenues in the years to come.

Based on application, the biophotonics market can be segmented into see-through imaging, microscopy, inside imaging, spectro molecular, light therapy, surface imaging, and biosensors. See-through imaging accounted for largest share of the total market in 2015. Light therapy was another dominant segment and is projected to demonstrate strong growth during the forecast period.

The biophotonics market is segmented on the basis of end-user such as test & components, medical diagnostics, medical therapeutics and non-medical. Medical diagnostics segment accounted for large amount of the market share in the year 2015. This growth is mainly attributed to increasing acceptance by different end-users such as research laboratories, healthcare providers, and instrument manufacturers. Non-medical segment is another key segment and is expected to witness significant growth within the forecast period due to its environmental screening and monitoring capabilities. Moreover, test & components and medical therapeutics are projected to show significant growth over the forecast period.

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 was dominated by North America with largest share of the total market in 2015. This growth is mainly due to increasing R&D activities and accessibility to the excellent infrastructure coupled with the high investments in the healthcare sector.  In terms of demand, North America is followed by Europe and Asia Pacific in 2014.  Furthermore, Europe was another leading regional market in 2015 owing to various ongoing development activities in the medical sector. Asia Pacific is expected to witness fastest growth in the coming years owing to developing economic status and strong demand for the R&D projects. However, Middle East & Africa and Latin America are also projected to exhibit noticeable growth over the forecast period.

Some of the key market players comprise 

• Carl Zeiss
• Lumenis Ltd.
• Hamamatsu Photonics K.K.
• BD (Becton
• Dickinson and Company)
• Andor Technology Ltd
• Olympus Corporation
• Perkin Elmer, Inc.
• Affymetrix Inc.
• FEI Company 
• Olympus America.

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

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com