Global Biophotonics Market Outlook, Opportunities And Strategies
Learn about the global biophotonics market through The Business Research Company, which provides information on biophotonics market size, biophotonics market drivers and restraints, biophotonics market players, the COVID-19 impact on the biophotonics market, and more.
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The global biophotonics market is expected to grow from $41.76 billion in 2020 to $45.67 billion in 2021 at a compound annual growth rate (CAGR) of 9.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biophotonics market is expected to reach $63.04 billion in 2025 at a CAGR of 8%.
The increasing demand for minimally invasive surgeries is expected to drive innovation in biophotonics manufacturing, thus driving the market during the forecast period.
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The biophotonics market consists of revenues generated from the sales of biophotonic instruments combining optics, nanotechnology, photonics, and biotechnology. Biophotonics is the combination of photonics and biology and is a multidisciplinary research field embracing all light-based technologies applied to life sciences and medicine. It refers to the use of photonic or optical means to examine, control, and track biological processes at various levels of biology: cellular, tissue, molecular, and organism level.
Global biophotonics market segments include:
By Product Technology: In-Vitro, In-Vivo
By Application: See-Through Imaging, Inside Imaging, Spectro Molecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Others
By End Use: Diagnostics, Therapeutic, Tests, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The launch of new advanced techniques in the field of biotechnology is a major trend shaping the biophotonics market.
TBRC’s biophotonics market report covers:
Major Market Players: Thermo Fisher Scientific, OPGEN, NU Skin Enterprises, IPG Photonics Corp., Idex Corp, Toshiba, Procter & Gamble, Horiba, and Precision Photonics Corp.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Biophotonics Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides biophotonics market overviews, analyzes and forecasts market size, share, biophotonics market players, biophotonics market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s biophotonics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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