Global Biophotonics Market Growth (Status and Outlook) 2023-2029

Global Biophotonics Market Growth (Status and Outlook) 2023-2029

The term biophotonics denotes a combination of biology and photonics, with photonics being the science and technology of generation, manipulation, and detection of photons, quantum units of light. Photonics is related to electronics and photons. Photons play a central role in information technologies such as fiber optics the way electrons do in electronics. Biophotonics can also be described as the "development and application of optical techniques, particularly imaging, to the study of biological molecules, cells and tissue". One of the main benefits of using optical techniques which make up biophotonics is that they preserve the integrity of the biological cells being examined.

LPI (LP Information)' newest research report, the “Biophotonics Industry Forecast” looks at past sales and reviews total world Biophotonics sales in 2022, providing a comprehensive analysis by region and market sector of projected Biophotonics sales for 2023 through 2029. With Biophotonics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biophotonics industry.

This Insight Report provides a comprehensive analysis of the global Biophotonics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biophotonics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Biophotonics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biophotonics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biophotonics.

The global Biophotonics market size is projected to grow from US$ 34760 million in 2022 to US$ 54960 million in 2029; it is expected to grow at a CAGR of 6.8% from 2023 to 2029.

The worldwide biophotonics market is expected to witness a significant growth in the future, due to the rising old age population, along with the increasing incidence of chronic diseases. The other factors include, increasing use of biophotonics in cell and tissue diagnostics, emergence of nanotechnology in biophotonics, and development of novel photoacoustic tomography (PAT) system. The Asia Pacific biophotonics market is expected to grow at a CAGR exceeding 13% over the next few years. Due to the augmented investment in R&D activities, coupled with the increasing prevalence of cancer, the market is expected to witness a substantial growth. The increasing healthcare expenditure and rising government initiatives are expected to fuel the demand for the regional market.

This report presents a comprehensive overview, market shares, and growth opportunities of Biophotonics market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
In-Vivo
In-Vitro

Segmentation by application
See-Through Imaging
Inside Imaging
Spectromolecular
Surface Imaging
Microscopy
Light Therapy
Biosensors

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Carl Zeiss
Olympus
Hamamatsu Photonics
EndraLife Sciences
HORIBA
Newport
PerkinElmer
TILL Photonics
Zecotek Photonics

Please note: The report will take approximately 2 business days to prepare and deliver.