Biophotonics Market Size, Share and Industry Forecast 2023

The global biophotonics market size was valued at USD 65,741.2 million in 2021 and is poised to grow at a significant CAGR of 11.8% during the forecast period 2023-29. The primary factors that drive the market are the growing research on new mediations, rising technology in healthcare, and increasing demand for bio-optics, Surface imagining, Inside Imagining See-through Imagining, and others. The Biophotonics Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share

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The global biophotonics market segmentation:
1) By Application: Surface imagining, Inside Imagining, See-through Imagining, Microscopy, Biosensors, Medical Lasers, Spectro Molecular, Light Therapy, and others
2) By End User: Medical Diagnostics, Medical Therapeutic, Tests & Components, and Non-medical Applications

Based on application type, surface imagining holds the highest market share. The major factor for the rise of this segment is the use of Surface imagining in scanning electron microscopy images of samples with a focused beam of electrons. For the most researcher, surface imagining is a real solution for electron microscopy. These factors can drive the Biophotonics Market growth.

Asia Pacific Biophotonics Market
Asia Pacific region is expected to grow significantly in the global Biophotonics Market size over the forecast period. Biophotonics technology needs various skilled professionals to use the technology, as an increase in the research study in the region will enhance the use of Biophotonics in the region.

Detailed Segmentation

The Biophotonics Market is segmented based on application, end-user, and geography.

Based on the application, the market is segmented into the following:
• Surface imagining
• Inside Imagining
• See-through Imagining
• Microscopy
• Biosensors
• Medical Lasers
• Spectro Molecular
• Light Therapy
• Others

Based on the end user, the market is segmented into the following:
• Medical Diagnostics
• Medical Therapeutic
• Tests & Components
• Non-medical Application

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key players' profiles in the Biophotonics Market report are Thermo Fisher Scientific, Becton, Dickinson and Company., Hamamatsu Photonics KK., Olympus Corporation., Carl Zeiss AG., Oxford Technologies, Lumenis Ltd., Olympus Corporation, PerkinElmer Inc., and Zenalux Biomedical Inc

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This release was published on openPR.