Press release
Rising Demand For Minimally Invasive Surgeries Boosts Biophotonics Market: A Key Catalyst Accelerating Biophotonics Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Biophotonics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past years, there has been a swift expansion in the size of the biophotonics market. It is projected to escalate from a market worth of $83.26 billion in 2024 to an increased value of $92.33 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.9%. This substantial growth through the historic period is credited to advancements in medical imaging, improvements in disease diagnosis and monitoring, research in life sciences, progress in optical sensing and spectroscopy, along with innovations in laser and light sources.
Biophotonics Market Size Forecast: What's the Projected Valuation by 2029?
Anticipations are high for the biophotonics market to experience swift growth in the coming years. The projection is that it will soar to a value of $149.06 billion in 2029, with a compound annual growth rate (CAGR) of 12.7%. The predicted growth in the foreseeable period is due to the influence of personalized medicine, precision agriculture, worldwide health campaigns, wearable and mobile health gadgets, along with environmental monitoring and safety. Noteworthy trends anticipated within this period include the miniaturization and point-of-care devices, multi-modal imaging, optogenetics, machine learning and data analytics, and intelligent imaging probes.
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What Are the Drivers Transforming the Biophotonics Market?
The biophotonics industry is witnessing progress driven by the rising need for surgeries involving minimal invasion. The significance of optical engineering and imaging technologies in minimally invasive operations is undeniable, as they enable real-time visualization of tissue manipulation in deep internal locations. For example, reports released by Intuitive Surgical Inc., a manufacturer of robotic products based in the U.S., in January 2023, revealed that approximately 1,875,000 surgeries were performed using the Vinci Surgical Systems in 2022. This represents a significant 18% rise as compared to about 1,594,000 surgeries performed using Vinci Surgical Systems in 2021. Therefore, the growing number of minimally invasive surgeries performed globally on an annual basis is facilitating an increase in the revenue of the biophotonics market.
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What Long-Term Trends Will Define the Future of the Biophotonics Market?
The introduction of innovative methods in biotechnology represents a significant trend influencing the biophotonics market. For example, Scientists at the University of St. Andrews in Scotland have created a fluorescence microscopy method that enables the imaging of fragile biological samples in neuroscience and biomedicine with minimal damage. This low-damage light-based technique is expected to revolutionize the field of biomedicine in future years. Therefore, the emergence of new, sophisticated techniques is gaining considerable traction in the biophotonics market.
Which Segments in the Biophotonics Market Offer the Most Profit Potential?
The biophotonics market covered in this report is segmented -
1) By Product Technology: In-Vitro, In-Vivo
2) By Application: See-Through Imaging, Inside Imaging, Spectromolecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Other Applications
3) By End Use: Diagnostics, Therapeutic, Tests, Other End Uses
Subsegments:
1) By In-Vitro: Diagnostic Imaging, Fluorescence Microscopy, Spectroscopy-Based Detection, Biochemical Sensors, Point-Of-Care Devices
2) By In-Vivo: Endoscopy, Optical Coherence Tomography (OCT), Photodynamic Therapy (PDT), Bioluminescence Imaging, Near-Infrared Spectroscopy (NIRS)
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Which Firms Dominate the Biophotonics Market by Market Share and Revenue in 2025?
Major companies operating in the biophotonics market include Thermo Fisher Scientific Inc., OpGen Inc., NU Skin Enterprises Inc., IPG Photonics Corporation, Idex Corporation, Toshiba Corporation, Horiba Ltd., Precision Photonics Corp, Roche Group, General Electric Company, Koninklijke Philips NV, Affymetrix Inc., Andor Technology Ltd., Becton inson & Co, Carl Zeiss AG, FEI Company, Hamamatsu Photonics KK, Lumenis Ltd., Olympus Corporation, PerkinElmer Inc., Zecotek Photonics Inc., Zenalux Biomedical Inc., Glenbrook Technologies Inc., Oxford Instruments Plc, Lumicks BV, Creoptix AG, ThinkCyte Inc., PhotoPharmics Inc., Impedimed Ltd., Bioptics Inc.
Which Regions Offer the Highest Growth Potential in the Biophotonics Market?
North America was the largest region in the biophotonics market in 2023. Western Europe was the second largest region in the biophotonics market. The regions covered in the biophotonics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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