Press release
Biophotonics Market is Projected to Reach a worth of $79.660 Billion by 2024
According to the report, the biophotonics market is projected to expand at an impressive CAGR of 9.57% over the forecast period 2018-2024. The biophotonics market is expected to surge over the coming years owing to the growing demand from the healthcare industry to develop advanced instruments that can aid in the early detection of diseases so the damage caused by them can be reduced. Moreover, the role of biophotonics in the detection of biochemical agents used in warfare and terror attacks will increase adoption in the defense sector, resulting in a further boost in market growth. The role of biophotonics to monitor environmental effects such as global warming will also boost the market growth
By geography, North America and Europe are expected to hold a significant amount of share due to increasing investments by the government in research and development of new techniques to improve the quality of medical treatment and services. Furthermore, the research being conducted and investments being made in the R&D by the key players to expand the applications the field of biophotonics can cater to will continue to drive the biophotonics market in the coming years.
Some of the major players covered as part of the report are Affymetrix Inc., Becton, Dickinson and Company, Carl Zeiss Microimaging GmbH, FEI Company, Hamamatsu Photonics K.K., Newport Corporation, Ocean Optics, PerkinElmer Inc. and Andor Technology
The report has covered the following segments:
• By End-User
• Medical
• Diagnostics
• Therapeutics
• Research
• Non-Medical
• By Application
• See-through
• Inside Imaging
• Surface Imaging
• Microscopy
• Light Therapy
• Biosensor
• Others
• By Technology
• In-Vivo
• In-Vitro
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• Australia
• Others
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-biophotonics-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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