Press release
Biophotonics Market Outlook 2020: Global Topmost Companies, Size And Upcoming Trends Forecasts 2023
The Business Research Company
The global biophotonics market is expected to decline from $46.61 billion in 2019 to $41.21 billion in 2020 at a compound annual growth rate (CAGR) of -11.58%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The market is then expected to recover and reach $55.13 billion in 2023 at a CAGR of 10.18%.
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The biophotonics market consists of revenues generated from the sales of biophotonic instruments combining optics, nanotechnology, photonics, and biotechnology. Biophotonics is the combination of photonics and biology and is a multidisciplinary research field embracing all light-based technologies applied to life sciences and medicine.
High prices of biophotonic-based devices or instruments are anticipated to limit the growth of the biophotonics market. The price of biophotonics is comparatively higher than that of conventional instruments. They are considered as more complex attributing to the integration of biological units and the generation, manipulation, and detection of light units, thereby rising their price. This will negatively impact the biophotonics market growth.
Biophotonics Market Segmentation:
By Product Technology:
1. In-Vitro,
2. In-Vivo.
By End Use:
1. Diagnostics,
2. Therapeutic,
3. Tests,
4. Others.
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Few Points From Table Of Content
1. Executive Summary
2. Biophotonics Market Characteristics
3. Biophotonics Market Size And Growth
4. Biophotonics Market Segmentation
5. Biophotonics Market Regional And Country Analysis
……
25. Biophotonics Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Biophotonics Market
27. Biophotonics Market Trends And Strategies
28. Biophotonics Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the biophotonics market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the biophotonics market are Roche Group, GE, Philips, Affymetrix, Inc., Andor Technology Ltd., Becton, Dickinson & Co., Carl Zeiss AG, FEI Company, Hamamatsu Photonics K.K., Lumenis Ltd., Olympus Corporation, PerkinElmer Inc., Zecotek Photonics Inc., Zenalux Biomedical Inc., Glenbrook Technologies Inc., Oxford Instruments Plc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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