Global Biophotonics Market: Industry Perspective, COVID-19 Impact Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2030

Biophotonics is a term obtained by the combination of biology and photonics. It is a technology, which is applied for the analysis of molecular mechanisms, functions, and structures in order to treat diseases. This technology applies optical techniques while preserving the integrity of the biological cells under observation. Biophotonics also aids in detection, emission, absorption, modification, reflection, and creation of radiation from bimolecular, cells, tissues, organisms, and biomaterials. It is an emerging area of scientific research which harnesses light to apprehend the working of cells and tissue in living organisms to provide better diagnosis of health problems. The biophotonics market is catering to the demands of multiple industrial verticals such as biotechnology, diagnostics, therapeutics and agriculture. Environmental monitoring, food analysis, Raman spectroscopy, endoscopy, and dentistry are some other major areas where the impact of biophotonics is being observed. The global biophotonics market accounted 36 billion USD in 2020 and is expected to reach 97.8 billion USD by 2030 with a CAGR of 10.5% approximately during the forecast period.
Download Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @ https://www.decisionforesight.com/request-sample/DFS020171
Market Dynamics and Factors:
The growing geriatric population; rising demand for high quality healthcare; increasing awareness regarding food security; and increasing demand for minimally invasive surgeries are the major factors driving the biophotonics market across the globe. The biophotonics technology is expected to witness significant growth in the near future owing to factors such as development of biosensors and its rapid usage in the non-medical sector. Government and private investments in technology and R&D regarding the awareness and benefits of biophotonics is further going to boost the market growth in the coming years. In addition to that, the emergence of Nanotechnology would lead to the development and growth of the biophotonics market. Nanotechnology is a science that deals with the dimensions of the range, of around 1 to 100 nanometres. This technology is applicable across all the other scientific fields like chemistry, biology, physics, materials science, and engineering. The practice of nanotechnology in the healthcare sector aids in sensing human cells and tissues. For instance, for a cancer patient, the use of biophotonics helps in directly connecting with the affected cells and therefore improves the process of treatment. The rising penetration of advanced healthcare systems is further boosting the growth of the biophotonics market across the globe. However, the high cost of biophotonic devices due to the complexity of technology and lack of skilled expertise are the major factors restraining the growth of the market.
Browse Full report on Global Network Forensics Market @ https://www.decisionforesight.com/reports/biophotonics-market
Market Segmentation:
Global Biophotonics Market – By Application
Microscopy
See-Through Imaging
Inside Imaging
Spectro Molecular
Light Therapy
Surface Imaging
Biosensors
Other Analytics Sensing
Global Biophotonics Market – By End-User
Medical Diagnostics
Medical Therapeutics
Tests & Components
Non-Medical Application
Global Biophotonics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC at @ https://www.decisionforesight.com/toc-request/DFS020171
Geographic Analysis:
North America is expected to dominate the global biophotonics market in terms of market share during the forecast period. The increasing number of cancer patients; growing demand for non-medical applications; and rising technological investments by key players are the major factors attributing to the market dominance of the region. For instance, according to the American Cancer Society, there were around 1,665,540 cases of cancer that were reported in the U.S. in 2014. The Asia Pacific region is anticipated to witness significant growth in the biophotonics market during the forecast period. The growing elderly population; increasing healthcare expenditure; and rising government initiatives are the major factors attributing to the market growth in the APAC region.
Competitive Scenario:
The key players operating in the global biophotonics market are –
Carl Zeiss AG, Becton Dickinson & Company, Hamamatsu Photonics KK, Olympus Corporation, Affymetrix Inc., Oxford Instruments Plc., PerkinElmer Inc., Andor Technology Ltd, Fei Company, Lumenis Ltd, Zecotek Photonics Inc.
Connect to Analyst @ https://www.decisionforesight.com/speak-analyst/DFS020171
How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Biophotonics industry, although key threats, opportunities and disruptive technologies that could shape the Global Biophotonics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Biophotonics Market most.
The data analysis present in the Global Biophotonics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Biophotonics Market business.
The 2021 Annual Global Biophotonics Market offers:
100+ charts exploring and analysing the Global Biophotonics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Biophotonics Market type
Buy This Premium Research Report@ https://www.decisionforesight.com/checkout/DFS020171
About Us:
Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.
Contact:
Email: [email protected]
For Latest Update Follow Us:
https://www.facebook.com/Decision-Foresight-110793387201935
https://twitter.com/DecisionFs
https://www.linkedin.com/company/decision-foresight/