According to the latest IMARC Group report entitled “Biophotonics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026“In 2020, the global biophotonics market was worth $ 56.5 billion. Looking ahead, the market is expected to grow at a CAGR of 10.3% in the period 2021-2026.
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Biophotonics is an emerging multidisciplinary research area that uses light-based technologies to study life sciences and medicine. Photons or light are generated and used to recognize and analyze biological material. Biophotonics mainly uses various techniques such as spectroscopy, fiber optic sensors, and photomechanics. These techniques will be integrated with molecular spectroscopy, microscopy, see-through imaging, inside imaging, analytical sensing and biosensor solutions to study the structure and function of cells and tissues at the microscopic and nanoscopic level. As a result, biophotonics is widely used in life science, agriculture, environmental science, dentistry, and medicine.
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The increasing prevalence of chronic diseases and the widespread introduction of biophotonics for disease diagnostics are primarily driving market growth. In addition, the growing geriatric population, who are more prone to severe illness, is also driving demand for biophotonics. In addition, the increasing use of biophotonics in the non-medical sectors to test chemicals, toxins and microbial materials for environmental monitoring and defense applications is further catalyzing the market. In addition, several technological advances have led to the emergence of nanotechnology and novel photoacoustic tomography (PAT) systems that use gold and silicon dioxide nanoparticles for biomedical imaging and the accurate detection of cancer cells in patients. All of the above factors will continue to drive the global biophotonics market for years to come.
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List of Key Companies Covered In This Market Report:
- Andor Technology Ltd. (Oxford Instruments Plc)
- BD (Becton, Dickinson and Company)
- Carl Zeiss AG (Carl Zeiss Foundation)
- Glenbrook Technologies Inc.
- Hamamatsu Photonics KK Lumenis Ltd.
- Olympus Corporation
- Perkinelmer Inc.
- Thermo Fisher Scientific Inc.
- Zecotek Photonics Inc.
The report has segmented the market based on the engineering, technology, application, and geography.
Separation according to technology:
- Surface imaging
- Molecular spectroscopy
- light therapy
- Indoor shots
- See-through imaging
Breakdown by technology:
Distribution according to application:
- Medical diagnostics
- Medical therapeutics
- material testing
Distribution according to geography:
- North America (USA & Canada)
- Europe (Germany, UK, France, Italy, Spain, Russia and others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Main highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently included in the scope of the report, we can provide it to you as part of the customization.
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