Biophotonics Market by Technology (Surface Imaging, Inside Imaging, See-through Imaging, Microscopy, Biosensors, Medical Lasers, Spectromolecular) – Business Overview, Analysis and Industry Forecast 2017-2023

Global Biophotonics Market was valued at USD 40.12 Billion in the year 2017. Global Biophotonics market is further estimated to grow at a CAGR of 9.7% from 2018 to reach USD 69.92 Billion by the year 2023.

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Becton, Dickinson & Co. (U.S), Olympus Corporation (Japan),Affymetrix Inc. (U.S), Andor Technology Ltd. (U.K), Carl Zeiss AG (Germany), Hamamatsu Photonics K.K. (Japan), Perkinelmer, Inc. (U.S), Zenalux Biomedical Inc. (U.K), Thermo Fisher Scientific Inc. (U.S) and NU Skin Enterprises (U.S) are some of the key players in the Global Biophotonics market. Better global reach at an operational level is the main reason the key players are holding substantial market share.

In the global biophotonics market by region, North America region holds the highest market share in 2017 and Asia Pacific region is considered as the fastest growing market in the forecasted period due to growing awareness and rising old age population. At a country level, the U.S, Canada, China and Japan is projected to grow strongly in the coming years. The United States had the largest biophotonics market in 2017. Also, the emergence of nanotechnology has driven the biophotonics market in the United States and is expected to grow in the near future.

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Drivers:

• Growing old age population
• Increasing Use of Biophotonics in Cell and Tissue Diagnostics

Restraints:

• The high cost of technology
• Lack of Awareness of Biophotonics Technology and Skilled Personnel

Opportunities:

• Technological development
• Opportunity in developing market

Challenges:

• Government Regulations and Long Certification & Approval Cycles

The segmentation is done on the basis of product Type and by region. On the basis of product types the global Biophotonics market is sub-segmented into Imaging, Inside Imaging, See-through Imaging, Microscopy, Biosensors, Medical Lasers, Spectromolecular and Others of which the largest market segment for biophotonics market, by application is see-through imaging, however the fastest growing segment is surface imaging and is growing with highest CAGR during the forecast period.

Key Benefits for Stakeholders

• Biophotonics Manufacturers, Distributors and Retailers
• Research and Consulting Organization
• Technology Standards Organizations and Associations
• End use industries
• Regulatory bodies and consumers.

By Technology

• Surface Imaging
• Inside Imaging
• See-through Imaging
• Microscopy
• Biosensors
• Medical Lasers
• Spectromolecular
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Becton, Dickinson & Co.
• Olympus Corporation
• Affymetrix Inc.
• Andor Technology Ltd.
• Carl Zeiss AG
• Hamamatsu Photonics K.K.
• Perkinelmer, Inc.
• Zenalux Biomedical Inc.
• Thermo Fisher Scientific Inc.
• NU Skin Enterprises

(A brief overview of 10 companies is also provided)

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This release was published on openPR.