Market Description of Biophotonics Worldwide:
http://tinyurl.com/gl5l7a3
Increasing demand for quality healthcare and growth of ageing
population are the major forces driving the biophotonics market. The
major benefit of biophotonics is that it preserves the cells for a
specific period when they are examined. Apart from this, advances in
optical technologies in aerospace and telecom industry and
availability of funds for research and development are also
propelling the growth for biophotonics market. In addition, the
demand for minimum invasion surgeries and the increasing awareness
about food security are expected to drive biophotonics market over
the forecast period. The increasing demand for non medical
applications including prevention of unauthorized access of data and
for pathogen detections in agricultural food products are some of the
future opportunities for this market.
North America accounted for the largest market share in 2013, which
is expected to pool heavy investment and at the same time high end
research is expected to be carried out in the field of biophotonics
in coming years. In addition, increasing number of cancer patients
and demand for non-medical applications mainly in the field of food
security in this region has ensured its dominance. The Asia Pacific
biophotonics market was valued at USD 4.23 billion in 2013, and is
expected to be the fastest growing biophotonics market in the coming
years. Increasing old age population and increasing healthcare
expenditure are the key growth factor for this geography.
Medical diagnostics represented the largest biophotonics end-use
segment in 2013. However, non-medical application segment is expected
to exhibit the fastest growth over the forecast period from 2014 to
2020. The applications in detection of pathogens in agricultural food
items, need for constant blood monitoring and need to prevent
unauthorized access are driving the growth in this segment. In terms
of applications, see-through imaging was the largest application
segment in 2013 owing to rising demand for minimum invasive surgeries
and vast number of applications in the field of oncology, cardiology,
neurology and brain imaging among others. However, biosensors are
expected to have maximum growth rate in the forecasted period. The
increasing number of cases for diabetic patients, the rising
awareness about food security and demand for prevention of
unauthorized access are the major drivers for this market in the
coming years.
Know About the Technical Details of Biophotonics at:
http://bit.ly/2a8i71j
Major industry participants include Olympus Corporation (Japan),
Affymetrix Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Oxford
Instruments Plc. (U.K.), Becton Dickinson & Co. (U.S.), Carl
Zeiss A.G. (Germany) and PerkinElmer, Inc. (U.S.) among others.
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