Biophotonics is an emerging interdisciplinary field that involves the use of light and other forms of radiant energy to analyse and manipulate the working of cells and tissues. Biophotonics finds its use in the fields of medicine, biology, agriculture, and environmental science.
The invention of the laser and the development of optical fibres in the 1960s were the main factors that contributed to the emergence of photonics. Biophotonics became an interdisciplinary field after the commission of The Center for Biophotonics, Science and Technology (CBST) in 2002.
The easy availability of funds for biophotonics research and development (R&D) activities has augured well for the advancement of the biophotonics sector. The European Commission, Medical Research Council, The Robertson Trust, and BBSRC are some of the leading organisations that have supported R&D activities in the biophotonics sector.
Global Biophotonics Market: Widening Range of Biophotonics Applications and Increased Healthcare Spending Key Drivers
The global biophotonics market is forecasted to expand at a CAGR of 11.3% through 2020 and reach a valuation of US$ 59.7 Bn. North America, Europe, Middle East & Africa (EMEA), and Asia Pacific are projected to be the key regions for the growth of the global biophotonics market. The key drivers for the stellar growth of the global biophotonics market include widening range of biophotonics applications, increase in ageing population, widespread prevalence of chronic diseases, and government support for innovations in the healthcare sector.
Global Biophotonics Market: Key End Uses
On the basis of key end uses, the global biophotonics market is segmented into:
The medical diagnostics segment had a market share of 69.3% in 2014 and it is anticipated that the segment will witness a 10.7% CAGR through 2020. On the other hand, the non-medical components segment is forecasted to witness a 15.5% CAGR during the forecast period. The growth of the global photonics market will be on account of applications of biophotonics in diagnostic centres, scientific instrument manufacturing, and medical and research institutes.
Global Biophotonics Market: Key Application Segments
The key application segments of the global biophotonics market include:
Among these key application segments, biosensors and light therapy segments are forecasted to witness a steady growth through the forecast period. Furthermore, the biosensors application segment is also projected to witness a high growth rate through 2020.
Demand from the Healthcare Sector will Provide an Impetus to the Global Biophotonics Market
Healthcare is the largest sector for biophotonics applications and it is anticipated that the increased healthcare spending in both developed and emerging economies will augur well for the growth of the global biophotonics market. It is projected that the growth in North America’s biophotonics market will be a key contributor to the global biophotonics market. Apart from North America, healthcare spending in Europe and Asia Pacific are also projected to contribute to the growth of the global biophotonics market.
Global Biophotonics Market: Key Players
The key players in the global biophotonics market are, PerkinElmer, Inc. (U.S.), Olympus Corporation (Japan), Carl Zeiss A.G. (Germany), Oxford Instruments Plc. (U.K.), Hamamatsu Photonics K.K. (Japan), Becton Dickinson & Co. (U.S.), Affymetrix Inc. (U.S.). It is projected that these companies will further consolidate their position during the forecast period on account of applications of the biophotonics market in the healthcare and agriculture sector.
Browse full Report of Global Biophotonics Market: https://www.futuremarketinsights.com/reports/details/global-biophotonics-market
The Recycling of Automotive Glass and Laminated Windscreens in EU Industry is segmented by Source Stream (ELV Glass, Replacement Glass, OEM Scrap, Dismantled Windscreens, Side and Rear Glass), Glass Type (Laminated Glass, Tempered Glass, Mixed Glass, Windscreen Glass, Side and Rear Glass), Recycling Process (Mechanical Separation, Thermal Delamination, Chemical Recovery, Crushing and Cleaning, PVB Separation), Recovered Output (Glass Cullet, Recycled PVB, Mixed Fines, Glass Powder, Composite Residue), End Application (Flat Glass, Insulation Wool, Container Glass, Polymer Compounds, Construction Fill), Vehicle Type (Passenger Cars, SUVs, Light Commercial Vehicles, Heavy Commercial Vehicles, Buses), End User (Flat Glass Manufacturers, Insulation Producers, Polymer Processors, Aggregates Processors, Specialty Recyclers), Collection Channel (Dismantlers, Replacement Glass Networks, Authorized Treatment Facilities, Scrap Yards, OEM Plants), and Region. Forecast for 2026 to 2036.
The Recycled Technical Textiles for EU Automotive Acoustic Insulation Industry is segmented by Material Type (rPET, Blended Fibers, PP Fibers, Cotton Shoddy, Bio Blends), Feedstock Source (Post-consumer, Pre-consumer, ELV Textiles, Mixed Waste, Bottle Flake), Product Form (Felts, Mats, Pads, Molded Parts, Composites), Application (Floor Insulators, Wheel Liners, Headliners, Trunk Liners, Dash Insulators, Door Panels, Hood Liners), Vehicle Type (Passenger Cars, SUVs, LCVs, BEVs, Hybrids), Manufacturing Process (Needlepunch, Thermobonding, Airlaid, Compression Molding, Lamination), and Region. Forecast for 2026 to 2036.
The High-Brix Fruit Quality Enhancement Fertilizer Market is segmented by Nutrient Focus (Potassium-Rich, Calcium-Rich, Magnesium-Rich, Micronutrient Blends, Carbon-Based Inputs, Amino and Seaweed Inputs), Form (Water-Soluble Powders, Liquid Concentrates, Suspension Blends, Soluble Granules), Delivery Method (Fertigation, Foliar Spray, Soil Drench), Fruit Type (Grapes, Citrus, Berries, Pome Fruits, Stone Fruits, Tropical Fruits), Farm Type (Open-Field Orchards, Protected Cultivation, Export Orchards), and Region. Forecast for 2026 to 2036.
The Urban Rooftop Farm-Safe Pest Management Chemistry Market is segmented by Chemistry Type (Microbials, Botanicals, Minerals), Application Method (Foliar Sprays, Root Drenches, Spot Treatment), Crop Type (Leafy Greens, Fruiting Crops, Herbs), and Region. Forecast for 2026 to 2036.
The Multi-Residue Detoxifying Field Wash Aid Market is segmented by Chemistry Type (Surfactant Blends, Peracetic Acid, Enzyme Blends, Organic Acids, Oxidizing Blends, Mixed Detergents), Function (Residue Removal, Soil Lift, Wax Removal, Surface Sanitizing, Water Conditioning, Biofilm Control), Application Stage (Packhouse Wash, Drench, Brush Wash, Flume Wash, Final Rinse, Dip Tank), Crop Type (Citrus, Apples, Grapes, Berries, Leafy Greens, Tomatoes, Tropical Fruit), Form (Liquid Concentrate, Foam, Powder, Ready-to-Use), End User (Export Packhouses, Grower-Packers, Cooperatives, Fresh-Cut Plants, Contract Packers, Retail Prep Units), Positioning (Conventional, Organic-Compliant, Low-Foam, Low-Residue, Chlorine-Free, No-Rinse), and Region. Forecast for 2026 to 2036.
