The term biophotonics incorporates biology, photons, and electronics. Biophotonics utilizes the science of photons to engineer or manipulate biological materials. It generally involves the application of photonics in the study of cells, tissues, and other bio-molecules. Biophotonics is mainly employed for imaging applications and to preserve the integrity of the biological cells. Biophotonics today are useful for various biomedical applications including diagnostics and therapeutics. Today imaging, analyzing, and manipulating living tissues at a molecular level in a minimally or non-invasive manner has been made possible with biophotonics. Additionally, biophotonics is used for several non-medical applications such as biometric and bio-sensing devices, among others.
MARKET DYNAMICS
The biophotonics market is anticipated to witness high growth on account of the growing geriatric population, lifestyle diseases, and rising use of biophotonics in diagnostic applications. The increasing demands for home-based point of care (POC) diagnostic devices and emerging nanotechnology further fuels the growth of the biophotonics market. However, high R&D costs and slow commercialization rate may hamper the growth of the biophotonics market. Nonetheless, untapped markets in developing nations and non-medical sectors offer symbolic growth opportunities for the biophotonics market players during the forecast period.
MARKET SCOPE
The "Global Biophotonics Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of biophotonics market with detailed market segmentation by end-use, application, and geography. The global biophotonics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading biophotonics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global biophotonics market is segmented on the basis of end-use and application. Based on end-use, the market is segmented as medical diagnostics, medical therapeutic, tests & components, and non-medical application. On the basis of the application, the market is segmented as see-through imaging, microscopy, inside imaging, spectro molecular, analytics sensing, light therapy, surface imaging, and biosensors.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global biophotonics market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The biophotonics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting biophotonics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the biophotonics market in these regions.
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MARKET PLAYERSThe reports cover key developments in the biophotonics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from biophotonics market are anticipated to lucrative growth opportunities in the future with the rising demand for biophotonics in the global market. Below mentioned is the list of few companies engaged in the biophotonics market.
The report also includes the profiles of key biophotonics companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Becton, Dickinson and Company (BD)
-Biophotonic Solutions Inc. (IPG Photonics Corporation)
-Carl Zeiss AG
-Hamamatsu Photonics K.K.
-Lumenis Ltd.
-Nu Skin Enterprises, Inc.
-Olympus Corporation
-Oxford Instruments plc
-Thermo Fisher Scientific Inc.
-Zenalux Biomedical, Inc.
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