The market for Biophotonics forecast to be US$36.8 billion in 2017 and projected to reach US$59.9 billion by 2022 at a CAGR of robust 10.2% between 2017 and 2022.
Imaging estimated the largest consumer of biophotonics with market worth US$20.3 billion 2017 and projected to grow by a CAGR of 10.3% during the same analysis period. Analytics & Sensing applications anticipated to grow at a faster phase at a CAGR of 10.4% to reach US$19.4 billion by 2022.
The study exclusively analyzes the Biophotonics applications/sub-types, technologies and application sectors are analyzed in terms of USD for 2014-2022 analysis period across the global markets comprising North America, Europe, Asia-Pacific, Latin America and Rest of World.
Global market for Biophotonics applications analyzed in this study include Analytics & Sensing, Imaging, and Processing & Curing. These applications further categorized in to Analytics & Sensing - Biosensors, Molecular Spectroscopy, Other Analytics & Sensing Applications; Imaging - Inside Imaging (Endoscopy), Optical Microscopy, See-Through Imaging and Surface Imaging; and Processing & Curing - Light Therapy and Other Processing & Curing. The report also explores the global markets of Biophotonics by end-use sectors comprising Medical Diagnostics, Medical Therapeutics, Tests & Components and Non-Medical Applications while special focus on technologies including In Vitro and In Vivo.
Advancements in optical technology, high incidences of chronic diseases and increasing demand for minimally invasive surgeries are also contributing to the growth in Biophotonics. Emerging economies have yet to fully exploit the opportunities offered by Biophotonics, which is slated to propel demand in regions such as Asia-Pacific and Latin America.
Despite these developments, it is anticipated that a bulk of the market for Biophotonics would be accounted for by its use in the medical sector. The technology offers capability of addressing some of the essential healthcare needs of an aging global population, which will remain a key factor in bolstering demand. Other significant factors contributing to growth in the market for Biophotonics include ongoing research and development activities in various applications and government support for novel cost-effective medical technologies.
Key Topics Covered:
1. Introduction 1.1 Product Outline 1.1.1 A Primer on Photonics 1.1.2 An Overview of Biophotonics
2. Applications and End-Use Sectors 2.1 Biophotonics Applications 2.1.1 Analytics & Sensing 2.1.2 Imaging 2.1.3 Processing & Curing 2.2 End-Use Sectors For Biophotonics 2.2.1 Medical Diagnostics 2.2.2 Medical Therapeutics
3. Key Market Trends 3.1 Concurrent Imaging of 24 Molecules Enabled by Innovative Microscopy Platform 3.2 Innovative "Smart Needle" Makes Brain Surgery Safer 3.3 Medically Monitoring Cameras Show Promise as Alternatives to Skin Sensors 3.4 Disease Detection Made Easier with Nanoscale Sensor 3.5 Detection of Next-Generation DNA Sequencing Reactions Enabled with Smartphone Microscope 3.6 Monitoring of Brain's Response to Pain Facilitated with Optical Tool 3.7 Retinal Camera Eliminates the Need for Dilating Pupils 3.8 Biophotonics Expands Traditional Realms of Radiology 3.9 Rapid and Accurate Detection of Bacterial Growth in Perishables Enabled with TDLAS 3.10 Novel Biophotonic Light Sensor for Detecting Legionella Bacteria 3.11 Nanostructure-Based Biophotonics Enables Wide-Ranging Detection 3.12 Innovative Optical Technology for Effective Monitoring of Blood Glucose Levels on the Cards 3.13 Identification of Unstable Plaques Made Possible with Biophotonics 3.14 Revolutionary Raman Imaging Technique Promises Improved Cancer Detection
4. Key Global Players
- Becton, Dickinson and Company (United States) - Biolase, Inc. (United States) - Bio-Rad Laboratories, Inc. (United States) - Biotek Instruments, Inc. (United States) - Carl Zeiss AG (Germany) - Coherent Inc. (United States) - Hamamatsu Photonics K.K. (Japan) - Horiba, Ltd. (Japan) - II-VI Incorporated (United States) - Lumenis Ltd. (Israel) - Newport Corporation (United States) - Olympus Corporation (Japan) - Olympus Corporation of the Americas (United States) - Perkinelmer Inc. (United States) - Picoquant (Germany) - Thermo Fisher Scientific Inc. (United States) - FEI Company, Inc. (United States) - Toshiba Medical Systems Corporation (Japan) - Zecotek Photonics Inc. (Canada)
5. Key Business Trends
- Horiba Scientific and Manta Instruments, Inc Enter into Distribution Agreement - PicoQuant Launches Two new Single Photon Sensitive Hybrid Photo Detector - Oxford Instruments Asylum Research Unveils new SurfRider HQ-Series AFM Probes - Beckman Receives FDA Clearance for its DxC 700 AU Chemistry Analyzer - Beckman Unveils CytoFLEX LX flow Cytometer - BioTek Expands in China - ZEISS Unveils ZEISS EXTARO 300 Visual System - ZEISS Introduces ZEISS Crossbeam 550 Image System - Hitachi Technologies Develops new Transmission Electron Microscope (TEM)*1 model, the HT7800 Series - Thermo Fisher Introduces new robust iN5 FTIR microscope - Andor Unveils new iXon Life Camera Platform for Fluorescence Microscopy - Oxford Instruments Asylum Research Releases New Cypher VRS Video-Rate Atomic Force Microscope - Becton Announces Early Access Program for BD Resolve Single-Cell Analysis Platform - 510(k) FDA clearance and Worldwide Launch for BIOLASE's Waterlase Express All-Tissue Laser System - Bruker Launches MALDI PharmaPulse 2.0 Screening Solution - FUJIFILM Europe Releases ELUXEO Endoscopy System - GE Healthcare and Boston Children's Hospital Join Forces to Develop Imaging Technology - Andor Launches Ultrafast Spectroscopy-enabled sCMOS Detectors - FDA Clearance and Worldwide Launch of new Epic Pro Diode Laser System from BIOLASE - Bio-Rad to Acquire RainDance Tech - PerkinElmer, Inc Unveils Vectra® Polaris Automated Quantitative Pathology Imaging System - Bitplane Launches Imaris 8.4 Filament Tracer - Leica Microsystems Enters into Agreement with Columbia University - Olympus Corporation Launches New Olympus DP74 Color Microscope Camera - Becton Unveils diagnostic instrument BD Phoenix M50 ID/AST - BIOLASE Inks a Clinical Research Agreement with McGuire Institute - Bruker to Acquire Preclinical PET Imaging Business of Oncovision - ENDRA Launches Nexus 128+ photoacoustic Imaging Solution - Shimadzu Corporation Releases SPM-9700HT Scanning Probe Microscope - Ocean Optics Releases New SERS Nanosponge Substrate for Raman Spectroscopy Applications - Andor Introduces Dragonfly, a new Imaging Solution - Bruker Releases In-Vivo Xtreme II Optical Preclinical Imaging System - Oxford Instruments Plc Introduces X-MET8000 series of X-ray fluorescence (XRF) analyzers - Bruker Releases Scanning Microwave Impedance Microscopy Solution - Bruker Unveils S4 TStar, a Total Reflection X-ray Fluorescence (TXRF) Spectrometer - ENDRA and GE Healthcare Collaborate - Thermo Fisher Acquires FEI Company - Olympus Medical Introduces EZ Shot 3 Plus single use Aspiration Needle for Endoscopic Application - BioTek and MilliporeSigma Collaborate - MedCom GmbH and Hitachi Medical Systems Europe Enter into Distribution Agreement - Becton Launches a novel cell analyzer BD FACSymphony system - Bio-Rad Announces CE IVD marking for its QX200 Droplet Digital PCR (ddPCR) System - Biophotonic Unveils new Pulse Shaping System, FemtoJockD - Boston Launches LithoVue Single-Use Digital Flexible Ureteroscope - Nikon Corporation Introduces new Inverted Routine Microscope ECLIPSE Ts2 - Andor Launches new Ultrasensitive Zyla 4.2 PLUS Scientific CMOS (sCMOS) Camera - Bruker Launches new SKYSCAN 1275 Automated, Desktop Micro-CT System - Boston Completes the Acquisition of American Medical Systems' (AMS) Men's Health and Prostate Health business - OpGen, Inc. Plans to Acquire AdvanDx, Inc. - OpGen, Inc Launches Next-Generation Molecular Testing and Bioinformatics for Combating Multi-Drug Resistant Infections - Bio-Rad Introduces BioPlex® 2200 25-OH Vitamin D kit - Leica Microsystems Unveils Inverted Microscope, Leica DMi8 - Boston Introduces Next Generation SpyGlass DS Direct Visualization System - Beckman to Acquire Clinical Microbiology Business from Siemens Healthcare Diagnostics - Boston Unveils new POLARIS Imaging System - Beckman Releases new Aquios CL Clinical Flow Cytometer