The global Biophotonics Market is projected to reach USD 118.89 billion by 2027, according to a recent report by Emergen Research. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis poses a measure anticipated to drive the market growth over the forecasted span. Biophotonics, being an actively evolving space of research project, has many applications thanks to its ability to harnesses light-weight for comprehending the functioning of cells and tissue in living organisms. This aids in higher level of diagnosing of health issues.
This market research report presents a wide perspective of the Biophotonics market on a global basis, offering a forecast and statistics with respect to revenue during the forecast period. It includes an elaborative study with an in-depth segmentation, comprehensive research and development history, latest news and press releases. Further, it determines the growth aspects and draws a sketch of the top players involved in the Biophotonics market’s growth in terms of revenue.
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Key players in the market include Andor Technology Ltd, Becton, Dickinson and Company, FEI Company, Lumenis Ltd., Zecotek Photonics Inc., Carl Zeiss AG, Hamamatsu Photonics K.K. and Affymetrix, Inc. among others.
The North American biophotonics market is expected to grow at a CAGR exceeding 11.2% over the next few years till 2027. The market is expected to witness substantial growth because of the augmented investment in R&D activities, coupled with the increasing prevalence of cancer. The rise in the expenditure surrounding healthcare over the years coupled with accelerating government initiatives are likely to fuel the demand for various markets across the analyzed regions.
Technology Outlook (Revenue, USD Billion; 2017-2027)
In-vivo
In-vitro
Application Outlook (Revenue, USD Billion; 2017-2027)
Endoscopy
Spectromolecular
Surface Imaging
Microscopy
Light Therapy
Biosensors
End User Outlook (Revenue, USD Billion; 2017-2027)
Medical Diagnostics
Medical Therapeutics
Test Components
The global Biophotonics market is classified on a product basis, application and end-user. Based on product, the market is segmented as systems, and services & software. Considering application the market is classified as cardiology, oncology, neurology, and others. The market on the basis of the end-user is classified as hospitals, ambulatory surgical centers, and diagnostic centers.
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Competitiveness:
Owing to the huge demand for the Biophotonics product, key players operating in the market relish on economies of scale. Due to a large number of partnerships and collaborations, the demand for the Biophotonics product has risen at a considerable rate. However, the new entrants in the market are in an effort to increase their partnerships with the OEMs, which will result in an increased market share over the coming years. On the other hand, companies are also investing heavily in interoperability, which is expected to intensify the market competition during the forecast period.
Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Biophotonics market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Biophotonics market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Biophotonics market growth worldwide?
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Table of Content
Chapter 1. Biophotonics Market Methodology & Sources
1.1. Biophotonics Market Definition
1.2. Biophotonics Market Research Scope
1.3. Biophotonics Market Methodology
1.4. Biophotonics Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Biophotonics Market Key Insights
Chapter 4. Biophotonics Market Segmentation & Impact Analysis
Chapter 5. Biophotonics Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Biophotonics Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Biophotonics Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Biophotonics Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Biophotonics Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…
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