Biophotonics Market Trends, Share, Growth Drivers and Forecast Report 2024

New York, United States, 2019-Jul-22 — /EPR Network/ — The global biophotonics market is growing significantly due to advancement in optical technology, high incidences of chronic diseases, and increasing demand for minimally invasive surgeries. The massive unexplored biophotonics market in the emerging economies and large number of non-medical applications of biophotonics are creating ample opportunities for the growth of the biophotonics market. The advanced research and development facilities and new product development by the key market players are propelling the demand for cost effective biophotonics instruments, thus fuelling the growth of the global biophotonics market.

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Biophotonics refers to the development of optical techniques for studying, imaging and detecting, various biomolecules, cells and tissues. Biophotonics is the combination of photonics and biology. It utilizes photons (light) to study the inner working of biological materials, such as cells and tissues. Biophotonics has a range of applications ranging from medicine to food, and molecular biology to agriculture. The applications of biophotonics in medicine include detection, diagnosis and treatment of various diseases. In the food and agriculture industry, biophotonics is primarily used to detect pathogens; whereas in molecular biology, biophotonics is used to study and understand the functions and mechanisms of DNA, protein and other biomolecules.

Based on applications, the global biophotonics market can be categorized, as tests and components, medical therapeutics, medical diagnostics, and other non-medical applications. Medical diagnostics leads the application segment of the global biophotonics market. Whereas, the non-medical application segment is expected to be the fastest growing segment in the global biophotonics market.

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The major players operating in the global biophotonics market are Hamamatsu Photonics K.K., Becton Dickinson and Company, PerkinElmer Inc., Oxford Instruments PLC, OLYMPUS CORPORATION, Affymetrix Inc., and Carl Zeiss Stiftung.

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