Global Biophotonics Market 2015-2019
Biophotonics is a process that involves the use of light (photon) to identify, preserve and manipulate the biological materials, such as properties, conditions, and changes at the molecular, cellular, and subcellular levels in living organisms. It is an emerging technology that has varied application in industries like diagnostics, therapeutics, agriculture and biotechnology.The biophotonics market is categorized based on its applications, like surface imaging, inside imaging, see-through imaging, optical microscopy, spectro molecular, biosensors, medical lasers and others.Technavio predicts that the global biophotonics testing market will grow at a CAGR of 9.40% during 2015-2019.
Covered in this Report
In this report, Technavio covers the present scenario and growth prospects of the global biophotonics market during 2015-2019. To calculate the market size, the report considers the revenue generated from the various applications of biophotonics.
The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the global biophotonics testing market. The vendor landscape in this report focuses primarily on the vendors that provide biophotonics products. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market as a whole, as well as the key trends emerging in the market. Key Regions
Technavio Announces the Publication of its Research Report – Global Biophotonics Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Biophotonics Market: Becton, Dickinson and Company, Carl Zeiss,Olympus and Hamamatsu Photonics
Other Prominent Vendors in the market are: AdvanDx, BIOLASE Technology, BioTek Instruments, EndraLife Sciences, HORIBA, Lumenis, Newport, PerkinElmer, PicoQuant, TILL Photonics and Zecotek Photonics
Commenting on the report, an analyst from Technavio’s team said: “Photonics technology is the science to generate, emit, transmit, and detect light. It includes light sources, transmission media, amplifiers, detectors, and modulators. The primary light source used in biophotonics is a laser. The laser devices are faster and more sensitive and accurate for the diagnosis of diseases. For instance, multiphoton imaging uses an ultrafast laser with full 3D resolution that gives accurate results. The combination of imaging modalities, accurate ultrasound, photoacoustic imaging, and optical intelligibility tomography has led to the development of a single 0.19-inch biophotonics device. With this device, scientists can identify ovarian cancer growth among high-risk women in the early stages of the cancer. The advances in the photonics technology help in the development of cutting-edge laser mass spectroscopy- based tests. These innovative devices are helpful in providing conclusive results within moments of the onset of a heart attack.”
According to the report, the wide applications of biophotonics devices are one of the major drivers of the market. They enable optical cancer screening, label-free optical imaging of living cells, and endoscopy with higher accuracy and speed.Further, the report states that high cost of the devices restricts the market growth.
Becton, Dickinson and Company, Carl Zeiss,Olympus, Hamamatsu Photonics, AdvanDx, BIOLASE Technology, BioTek Instruments, EndraLife Sciences, HORIBA, Lumenis, Newport, PerkinElmer, PicoQuant, TILL Photonics, Zecotek Photonics
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