According to the latest report of the IMARC group, entitled “Biophotonics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026‘, the global biophotonics market reached a value of US$56.5 billion in 2020. Going forward, the market is expected to grow at a CAGR of 10.3% during the period 2021-2026.
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Biophotonics is an emerging multidisciplinary research field that uses light-based technologies to study life sciences and medicine. It involves the production and use of photons or light to detect and analyze biological materials. Biophotonics mainly uses several techniques, such as spectroscopy, fiber optic sensors and photomechanics. These techniques are integrated with molecular spectroscopy, microscopy, transparent imaging, internal imaging, analytical sensing, and biosensing solutions to study the structure and function of cells and tissues at the microscopic and nanoscopic levels. As a result, biophotonics is widely adopted in the fields of life sciences, agriculture, environmental sciences, dentistry, and medicine.
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The growing prevalence of chronic diseases, along with the widespread adoption of biophotonics for disease diagnosis, is mainly driving the market growth. Additionally, the growing geriatric population, which is more susceptible to serious medical conditions, is also propelling the demand for biophotonics. Additionally, the growing use of biophotonics in non-medical sectors to test chemicals, toxins, and microbial materials for environmental monitoring and defense applications is further catalyzing the market. Additionally, several technological advancements have led to the emergence of nanotechnology and novel photoacoustic tomography (PAT) systems that use gold and silica nanoparticles for biomedical imaging and accurate detection of cancer cells in patients. . All the factors mentioned above will continue to drive the global biophotonics market in the coming years.
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List of key companies covered in this market report:
- Andor Technology Ltd. (Oxford Instruments Plc)
- Comics (Becton, Dickinson and Company)
- Carl Zeiss AG (Carl-Zeiss-Stiftung)
- Glenbrook Technologies Inc.
- Hamamatsu Photonics KK Lumenis Ltd.
- Olympus Society
- Perkinelmer Inc.
- Thermo Fisher Scientific Inc.
- Zecotek Photonics Inc.
The report has segmented the market on the basis of technique, technology, application, and geography.
Break by technique:
- Surface imaging
- Molecular spectroscopy
- Light therapy
- Interior Imaging
- Seamless Imaging
Breakdown by technology:
Breakdown by application:
- Medical diagnosis
- Medical therapeutics
- Materials testing
Geographical distribution :
- North America (USA and 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 and 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
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
Other reports from the IMARC group
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