Biophotonics Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Biophotonics Market Size

The global Biophotonics market was valued at US$ 35530 million in 2023 and is anticipated to reach US$ 55560 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.

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The term biophotonics denotes a combination of biology and photonics, with photonics being the science and technology of generation, manipulation, and detection of photons, quantum units of light. Photonics is related to electronics and photons. Photons play a central role in information technologies such as fiber optics the way electrons do in electronics. Biophotonics can also be described as the "development and application of optical techniques, particularly imaging, to the study of biological molecules, cells and tissue". One of the main benefits of using optical techniques which make up biophotonics is that they preserve the integrity of the biological cells being examined.

The worldwide biophotonics market is expected to witness a significant growth in the future, due to the rising old age population, along with the increasing incidence of chronic diseases. The other factors include, increasing use of biophotonics in cell and tissue diagnostics, emergence of nanotechnology in biophotonics, and development of novel photoacoustic tomography (PAT) system. The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.

This report aims to provide a comprehensive presentation of the global market for Biophotonics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Biophotonics.

By Type
• In-Vivo
• In-Vitro

By Application
• See-Through Imaging
• Inside Imaging
• Spectromolecular
• Surface Imaging
• Microscopy
• Light Therapy
• Biosensors

Key Companies
Carl Zeiss, Olympus, Hamamatsu Photonics, EndraLife Sciences, HORIBA, Newport, PerkinElmer, TILL Photonics, Zecotek Photonics

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This release was published on openPR.