GLOBAL BIOPHOTONICS MARKET FORECAST 2019-2027

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GLOBAL BIOPHOTONICS MARKET FORECAST 2019-2027

The Global biophotonics market is anticipated to grow at a CAGR of 10.12% to reach $XX million by 2027, between 2019 and 2027. The market development can be accredited to the swelling demand for point of care devices, higher prevalence of chronic diseases and rapidly mounting geriatric population.

GLOBAL BIOPHOTONICS MARKET FORECAST 2019-2027

Global Biophotonics Market  by Technology (in-vitro, in-vivo)  by Application (Surface Imaging, Light Therapy, See-through Imaging, Spectro Molecular, Microscopy, Biosensors, Analytics Sensing, Inside Imaging (Endoscopy), Other Application) by End User (Tests and Components, Medical Therapeutics, Medical Diagnostics, Non-medical Application) by Geography.

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The Global biophotonics market is anticipated to grow at a CAGR of 10.12% to reach $XX million by 2027, between 2019 and 2027. The market development can be accredited to the swelling demand for point of care devices, higher prevalence of chronic diseases and rapidly mounting geriatric population. The following factors primarily drive the global biophotonics market:

  • Increasing geriatric population
  • Dawn of nanotechnology
  • Government initiatives
  • Increasing demand for point of care devices
  • Technical advancement

Biophotonics Market

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The important drivers increasing growth in the global biophotonics market are the increasing geriatric population and the key technical advancement. The growing population of elderly patients is a major driving factor which is inflicting huge growth in global biophotonics market. Advancement in a number of fields, including lasers, camera and imaging technology, advanced neural networks have shifted the center of technology innovation. Many companies have advancement in technology related to biophotonics.

The applications of biophotonics market lie extensively in various purposes that are crucial for overall market growth. Inside imaging (Endoscopy) is an instrument used by doctors to work on the internal organs of the body. Surgeons, using endoscopy can view internal problems without making a large incision. See through imaging are of three kinds: x-ray imaging, optical molecular imaging and photoacoustic imaging. Spectromolecular imaging is used to measure a given molecule at its qualitative and quantitative level. Some of the spectromolecular imaging techniques commonly applied are Infrared spectroscopy, UV-visible spectroscopy, Raman spectroscopy and colorimetric systems. Microscopy (optical microscopy) is used commonly for in-vitro applications. There are three types of microscopy, optical, electron and scanning probe microscopy. Surface imaging is a technique used to understand the physical or molecular makeup of an in-vivo biomolecule. Light therapy (phototherapy) involves exposing the body to different wavelengths of light. It is a technique used to treat seasonal affective disorders (SAD) like depression. The biosensor is an analytical device that consists of a biological component (enzyme, antibody, nucleic acid) and a transducer. Analytical sensing technique has been used for analytical instruments as a detector unit/device.

The high prices of the biophotonics-based instruments and the lack of precise training and knowledge for using biophotonics technology are the major factors hindering the biophotonics market. The price of the biophotonics technology is high. If we compare the biophotonics scanner price with the conventional scanner, the price of the biophotonics is found to be higher. The biophotonics technology is very complex due to the integration of the biological unit and the manipulation, generation and detection of light units. To use this technology, an individual has to know about the biology and light for perfectly using this technology.

The global biophotonics market segments include end-user, applications and technology.

End users are sub-segmented into:

  • Medical Therapeutics
  • Tests and components
  • Medical diagnostics
  • Non-medical application

Applications are sub-segmented into:

  • See-through imaging
  • Light therapy
  • Spectro molecular
  • Surface imaging
  • Microscopy
  • Biosensors
  • Analytics sensing
  • Inside imaging (Endoscopy)
  • Other application

Technologies are sub-segmented into:

  • In-Vitro
  • In-Vivo

This report covered the present market conditions and the growth prospects of the global biophotonics market for 2019-2027 and considered the revenue generated through the sales of biophotonics market for the end user, technology as well as applications.

Geographically, the biophotonics market has been segregated by four chief regions, which include:

North America’s biophotonics market dominates the global biophotonics market by capturing a market share of approximately xx% in 2018. The growth of the regional market is backed by the increasing investments within the healthcare sector, the presence of sophisticated healthcare infrastructure and surging R&D initiatives. The increasing prevalence of chronic diseases like cancer, Alzheimer disease and diabetes coupled with growing geriatric population base is projected to fuel the regional market growth in the coming years.

On the other hand, the Asia-Pacific region is anticipated to be the fastest growing biophotonic market. The major factors that are driving the growth of the biophotonic market are the increasing healthcare expenditure in the Asia-Pacific region. China is the market leader in terms of healthcare spending in the region.

The biophotonics market is segmented by the end user that is further sub-divided into medical diagnostics, tests and components, medical therapeutics, and non-medical application. The biophotonics market is also segmented based technology which is sub-divided into in vitro and in vivo. Medical therapeutics deals with the utilization of drugs for the treatment of diseases. The biophotonic test component includes optical instruments, parts & accessories for optical instruments, instruments used in molecular biology assay, enzymatic sensors based on fiber optics, probes, X-ray diffractometers, and others. In-vitro biophotonics market includes the use of optical and photonic techniques such as microscopy, tomography, spectrometry and other techniques in diagnostic and laboratory research. In vivo biophotonics is a non-invasive technique that is implemented in research and diagnosis of the living system.

The major market players of the global biophotonics market are:

  • Carl Zeiss AG
  • Hamamatsu Photonics
  • OPGEN
  • Perkin Elmer
  • Thermo Fisher Scientific

Company Profiles covers analysis of important players. Carl Zeiss AG (Carl Zeiss) is a manufacturer of devices for medicinal technology with an emphasis on optoelectronic and optical industry. It distributes and develops computing technology, lithography optics, microscopes and photomask systems, medical technology products including ophthalmic diagnostic and therapeutic products, eyeglass lenses, camera and cine lenses, binoculars and planetarium technology. Thermo Fisher Scientific Inc. (Thermo Fisher Scientific or ‘the company’) is a developer and manufacturer of equipment, reagents, analytical instruments, consumables, software and services for manufacturing, research, discovery, analysis and diagnostics.

Key Findings of the global biophotonics market:

  • In vivo technology holds the largest market share in terms of technology
  • Analytics sensing is the fastest growing application
  • Medical diagnostics are majorly used in terms of the end user
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • IN-VIVO TECHNOLOGY HOLDS THE LARGEST MARKET SHARE IN TERMS OF TECHNOLOGY
      • ANALYTICS SENSING IS THE FASTEST GROWING APPLICATION
      • MEDICAL DIAGNOSTICS ARE MAJORLY USED IN TERMS OF END USER
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • INCREASING GERIATRIC POPULATION
      • DAWN OF NANOTECHNOLOGY
      • GOVERNMENT INITIATIVES
      • INCREASING DEMAND FOR POINT OF CARE DEVICES
      • TECHNICAL ADVANCEMENT
    • MARKET RESTRAINTS
      • HIGH PRICE OF THE BIOPHOTONICS BIOPHOTONIC- BASED INSTRUMENTS
      • LACK OF PRECISE TRAINING AND KNOWLEDGE FOR USING BIOPHOTONICS TECHNOLOGY
    • MARKET OPPORTUNITIES
      • GROWING OCCURRENCE OF CHRONIC DISEASES IN DEVELOPING MARKET
      • WIDE USE OF BIOPHOTONICS IN NON-MEDICAL SECTORS
    • MARKET CHALLENGES
      • ELONGATED CERTIFICATION & APPROVAL PROCEDURE
      • SLUGGISH COMMERCIALIZATION RATE
  1. MARKET BY TECHNOLOGY
    • IN-VITRO
    • IN-VIVO
  2. MARKET BY APPLICATION
    • SURFACE IMAGING
    • LIGHT THERAPY
    • SEE-THROUGH IMAGING
    • SPECTRO MOLECULAR
    • MICROSCOPY
    • BIOSENSORS
    • ANALYTICS SENSING
    • INSIDE IMAGING (ENDOSCOPY)
    • OTHER APPLICATION
  3. MARKET BY END USER
    • TESTS AND COMPONENTS
    • MEDICAL THERAPEUTICS
    • MEDICAL DIAGNOSTICS
    • NON-MEDICAL APPLICATION
  4. KEY ANALYTICS
    • PORTER’S FIVE FORCES MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCT
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • TECHNOLOGY
      • APPLICATION
      • PRICE
      • EASE OF ADOPTION
    • KEY IMPACTING FACTORS
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • COMPANY PROFILES
      • BECTON, DICKINSON, AND COMPANY
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • CARL ZEISS AG
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • FISBA AG
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
      • HALMA PLC
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • HAMAMATSU PHOTONICS K.K.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • IDEX CORP.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • LUMENIS LTD.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • MEDLUMICS SL
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
      • MKS INSTRUMENT
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • OLYMPUS CORPORATION
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • OPGEN
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • OXFORD INSTRUMENTS
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • PERKINELMER, INC.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • THERMO FISHER SCIENTIFIC INC.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • ZECOTEK PHOTONICS INC.
        • COMPANY OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE

TABLE LIST

TABLE 1        GLOBAL BIOPHOTONICS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 2        GLOBAL BIOPHOTONICS MARKET BY TECHNOLOGY 2019-2027 ($ MILLION)

TABLE 3        GLOBAL IN-VITRO MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 4        GLOBAL IN-VIVO MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 5        GLOBAL BIOPHOTONICS MARKET BY APPLICATION 2019-2027 ($ MILLION)

TABLE 6        GLOBAL SURFACE IMAGING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 7        GLOBAL LIGHT THERAPY MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 8        TYPES OF SEE THROUGH IMAGING SYSTEMS

TABLE 9        GLOBAL SEE-THROUGH IMAGING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 10      GLOBAL SPECTRO MOLECULAR MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 11      TYPES OF MICROSCOPY

TABLE 12      GLOBAL MICROSCOPY MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 13      GLOBAL BIOSENSORS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 14      GLOBAL ANALYTICS SENSING MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 15      CAPSULE ENDOSCOPY IN THE MARKET

TABLE 16      GLOBAL INSIDE IMAGING (ENDOSCOPY) MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 17      GLOBAL OTHER APPLICATION MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 18      GLOBAL BIOPHOTONICS MARKET BY END USER 2019-2027 ($ MILLION)

TABLE 19      GLOBAL TESTS AND COMPONENTS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 20      GLOBAL MEDICAL THERAPEUTICS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 21      GLOBAL MEDICAL DIAGNOSTICS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 22      GLOBAL NON-MEDICAL APPLICATION MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 23      GLOBAL BIOPHOTONICS MARKET BY REGION 2019-2027 ($ MILLION)

TABLE 24      NORTH AMERICA BIOPHOTONICS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 25      EUROPE BIOPHOTONICS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 26      ASIA PACIFIC BIOPHOTONICS MARKET BY COUNTRY 2019-2027 ($ MILLION)

TABLE 27      REST OF WORLD BIOPHOTONICS MARKET BY COUNTRY 2019-2027 ($ MILLION)

 

FIGURE LIST

FIGURE 1      GLOBAL BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 2      GLOBAL BIOPHOTONICS MARKET SHARE BY TECHNOLOGY 2018 & 2027 (%)

FIGURE 3      GLOBAL BIOPHOTONICS MARKET BY IN-VITRO 2019-2027 ($ MILLION)

FIGURE 4      GLOBAL BIOPHOTONICS MARKET BY IN-VIVO 2019-2027 ($ MILLION)

FIGURE 5      GLOBAL BIOPHOTONICS MARKET SHARE BY APPLICATION 2018 & 2027 (%)

FIGURE 6      GLOBAL BIOPHOTONICS MARKET BY SURFACE IMAGING 2019-2027 ($ MILLION)

FIGURE 7      GLOBAL BIOPHOTONICS MARKET BY LIGHT THERAPY 2019-2027 ($ MILLION)

FIGURE 8      GLOBAL BIOPHOTONICS MARKET BY SEE-THROUGH IMAGING 2019-2027 ($ MILLION)

FIGURE 9      GLOBAL BIOPHOTONICS MARKET BY SPECTRO MOLECULAR 2019-2027 ($ MILLION)

FIGURE 10   GLOBAL BIOPHOTONICS MARKET BY MICROSCOPY 2019-2027 ($ MILLION)

FIGURE 11   GLOBAL BIOPHOTONICS MARKET BY BIOSENSORS 2019-2027 ($ MILLION)

FIGURE 12   GLOBAL BIOPHOTONICS MARKET BY ANALYTICS SENSING 2019-2027 ($ MILLION)

FIGURE 13   GLOBAL BIOPHOTONICS MARKET BY INSIDE IMAGING (ENDOSCOPY) 2019-2027 ($ MILLION)

FIGURE 14   GLOBAL BIOPHOTONICS MARKET BY OTHER APPLICATION 2019-2027 ($ MILLION)

FIGURE 15   GLOBAL BIOPHOTONICS MARKET SHARE BY END USER 2018 & 2027 (%)

FIGURE 16   GLOBAL BIOPHOTONICS MARKET BY TESTS AND COMPONENTS 2019-2027 ($ MILLION)

FIGURE 17   GLOBAL BIOPHOTONICS MARKET BY MEDICAL THERAPEUTICS 2019-2027 ($ MILLION)

FIGURE 18   GLOBAL BIOPHOTONICS MARKET BY MEDICAL DIAGNOSTICS 2019-2027 ($ MILLION)

FIGURE 19   GLOBAL BIOPHOTONICS MARKET BY NON-MEDICAL APPLICATION 2019-2027 ($ MILLION)

FIGURE 20   PORTER’S FIVE FORCES MODEL

FIGURE 21   KEY BUYING CRITERIA OF BIOPHOTONICS

FIGURE 22   KEY IMPACTING FACTORS OF BIOPHOTONICS

FIGURE 23   PREVALENCE OF ALZHEIMER IN THE UNITED STATES FOR 65 AND ABOVE 2016 & 2050 (MILLION)

FIGURE 24   THE UNITED STATES BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 25   GROWING GERIATRIC POPULATION IN THE UNITED STATES  2016 & 2060 (MILLION)

FIGURE 26   HEALTHCARE EXPENDITURE IN THE UNITED STATES 2016 & 2025 (% OF GDP)

FIGURE 27   CANADA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 28   EUROPEAN GERIATRIC POPULATION OF 60 YEARS AND ABOVE 2000-2050 (MILLION)

FIGURE 29   THE UNITED KINGDOM BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 30   FRANCE BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 31   GERMANY BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 32   ITALY BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 33   POPULATION AGED 65 YEARS AND ABOVE IN SPAIN (% OF POPULATION)

FIGURE 34   SPAIN BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 35   REST OF EUROPE BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 36   INDIA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 37   CHINA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 38   JAPAN BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 39   JAPAN HEALTHCARE EXPENDITURE 2000-2030 ($ MILLION)

FIGURE 40   POPULATION AGING MORE THAN OR EQUAL TO 65 IN SOUTH KOREA 2015-2060

FIGURE 41   SOUTH KOREA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 42   AUSTRALIA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 43   REST OF ASIA PACIFIC BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 44   LATIN AMERICA BIOPHONICS MARKET 2019-2027 ($ MILLION)

FIGURE 45   GERIATRIC POPULATION IN AFRICA 2015-2050 (MILLION)

FIGURE 46   MIDDLE EAST AND AFRICA BIOPHOTONICS MARKET 2019-2027 ($ MILLION)

FIGURE 47   MARKET SHARE OF BIOPHOTONICS MARKET 2018 (%)

  1. MARKET BY TECHNOLOGY
    • IN-VITRO
    • IN-VIVO
  2. MARKET BY APPLICATION
    • SURFACE IMAGING
    • LIGHT THERAPY
    • SEE-THROUGH IMAGING
    • SPECTRO MOLECULAR
    • MICROSCOPY
    • BIOSENSORS
    • ANALYTICS SENSING
    • INSIDE IMAGING (ENDOSCOPY)
    • OTHER APPLICATION
  3. MARKET BY END USER
    • TESTS AND COMPONENTS
    • MEDICAL THERAPEUTICS
    • MEDICAL DIAGNOSTICS
    • NON-MEDICAL APPLICATION
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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