Biophotonics is the application and development of optical methods like diagnosing & imaging used to study tissues, cells and molecules. It is a combination of biology and photonics. Biophotonics refers to emission, detection, modification, reflection, absorption and creation of radiation from organisms, cells, tissues and biomaterials.
The Biophotonics market has evolved and expanded over the years due to its multifaceted uses and applications in the areas of agriculture, life science, medicine and environmental science. Rising demand for healthcare quality and surge in population of aging masses all around the globe are the key factors driving the growth of the Biophotonics market. Availability of funds for research & development, private support and government assistance are fuelling the growth of Biophotonics market. Further, modernization of optical technologies in aerospace industry and telecom sector has provided a boost to the Biophotonics market growth. In addition to this, rise in demand for non medical areas of Biophotonics applications comprising prevention of unauthorized data access and detection of pathogens in agricultural food items is expected to enhance the growth of this market during the forecasted period of 2013 to 2020.
The Biophotonics market report is bifurcated into three market sections based on its end use, applications and geographical locations. Depending upon the end use, the market section is categorized into medical diagnostics, medical therapeutics, non-medical applications and tests & components. Based on the applications, the Biophotonics market section is bifurcated into inside imaging, light therapy, microscopy, surface imaging, analytics sensing, bio sensors, see-through imaging and spectro molecular market. Geographical locations analyzed under the market section of this report include regions of Europe, Asia Pacific, Rest of the World and North America.
The worldwide Biophotonics market is expected to witness an increase in growth of about twenty five million US dollars in the forecasted period of 2013 to 2020 with a projected CAGR of about ten percent during this forecasting period. Further, increasing awareness about security of food products, rising demand for minimally invasive surgeries, requirement for regular blood monitoring, rise in cases of diabetic patients and rise in demand for biosensors are the some of the factors that are expected to contribute towards the growth of the Biophotonics market during the projected period of 2013 to 2020. High price of Biophotonics based equipments and complications associated with Biophotonics technology are some of the factors hindering the growth of Biophotonics market.
Region of North America has dominated the market for Biophotonics. The reason for this is heavy capital investments as well as high accessibility of funds for high level development & research. In addition to this, the region has witnessed rise in amount of cancer patients and increase in demand for non medical applications particularly in field of food security in this geographical location. Region of Asia Pacific is predicted to have fastest market growth in future due to rise in aging population in this region along with rise in health care activities and health care expenditure in these regions.
The market research study report also provides a comprehensive market analysis of the size, structure, elements, vendor landscape and competitive market environment dynamics of the universal Biophotonics market. Key market players included in this report are Hamamatsu Photonics, Carl Zeiss A.G, Olympus Corporation, PerkinElmer Incorporation, Oxford Instruments Plc and Affymetrix Incorporation.
It includes SWOT analysis, strategic analysis of key competitors, competitive market scenario, technological trends in market, present as well as future industry & market trends, market growth strategy, limitations of market, market growth factors, factors restraining market growth future market estimates and current technological development in Biophotonics market. The report explains all these concepts through the pictorial data representing graphical tools such as distinctive graphs, charts, tables, figures and diagrams.
Biophotonics market research report study concentrates on the study of organizational aspects such as fiscal overview of the organization, organizational size and structure, product portfolio, business strategy, competitor overview and growth of the organization in market.
