[email protected]
We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors. | × |
---|
Understand the COVID-19 Outbreak and its impact on global & regional businesses
request free proposal
Insights on a world turned upside down : Re-imagining
The post-COVID19 Business resilience & recovery
How effective strategies and business recovery plans are winning the race
request free proposal
Goldstein Market Intelligence help you navigate through the COVID-19 crisis,
we will provide you most relevant market insights on crisis management,
recovery strategy & business continuity.
2020-03-02
841
Global
Biophotonics deal with light interaction in biological substances such as tissues and cells at a scale from microns to the nano-level range. It plays an important role in healthcare services by lowering down the treatment cost along with suitable methodology for aging society. Biophotonics comprises of optics, nanotechnology, photonics and biotechnology.
Goldstein Market Intelligence analyst forecast the Biophotonics Market size is growing at a CAGR of 10.2% through the forecast years 2017-2030.
By Application
By End User
Based on Geography
On the basis of end user, the medical sector dominated with 55% of total biophotonics market share while demand for biophotonics from non-medical sectors is expected to gain momentum in the coming years and is expected to grow at the rate of 12.7% over the forecast years due to wide range of chemicals, toxins, and microbiological materials are usage in warfare and terror attacks.
Based on geography, North America held the highest market share of 37.5% in the overall biophotonics market closely followed by Europe as German companies and policy-makers are retaining and expanding the existing close cooperation between researchers, companies and doctors. However, APAC is also gaining the strength by adopting the policies that are needed to increase the commercialization of promising biophotonic innovations and being the most opportunistic market for biophotonics.
According to our global market study on the basis of extensive primary and secondary research: “One trend is the precision characteristic of biophotonics. For instance, instruments like laser scanning systems, optical coherence tomography, and laser polarimetry are used to acquire precise knowledge of retinal tissues and vessels.”
According to the report, major driving factor for Biophotonics Market is its application in laser processing of tissues methods such as incision, coagulation, and excision follow various laser–tissue interaction procedures. These are involved as clinical measures in various medical fields such as ophthalmology, gynecology, urology, dentistry, and surgery of ear, nose, and throat. Intense control over the laser systems enhance the performance of treatments with high precision and also help to avoid harmful effects to the nearby tissues.
Further, the report states that the hurdles in the medical technology industry are high: tens and often hundreds of millions of dollars of investment can be needed to gain regulatory approval, and there is often significant risk regarding whether or not companies will be reimbursed sufficiently by insurance organizations for their products. These hurdles are in addition to the basic hurdle of any new innovation: namely, that of market acceptance itself.
The report covers the present ground scenario and the future growth prospects of the Biophotonics Market for 2017-2030 along with the adoption rate of biophotonics in the verticals and the data related to innovations in the field of Biophotonics. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe.
Biophotonics Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Biophotonics Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Biophotonics Market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Our global Biophotonics Market report comprises of the following companies as the key players:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For a full detailed overview, send us the sample request.
We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.
A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements
OR Call Us:+1-646-568-7747Global Point of Care Testing (POCT) Devices Market Outlook 2024: Global Opportunity , Market Segmentation By Systems Basis, By Clinical Specialties & Diseases, By Areas of Use, By End User & by Region with Forecast 2017-2030
Global Home Healthcare Equipment Market Size , Share, By Device, By Distribution Channel, By End User & by Region with Forecast 2017-2030
Global Connected Healthcare Market Analysis by type, by function & by application with regional outlook and forecast to 2030
India In-Vitro Diagnostics (IVD) Market Outlook 2024, Global Opportunity and Demand Analysis, Market Forecast, 2016-2024
Global Connected Medical Device Market Outlook 2024, Global Opportunity and Demand Analysis, Market Forecast, 2016-2024