Navigation Links
Global Biophotonics Market is Expected to Reach USD 50.20 Billion in 2020: Transparency Market Research
Date:8/1/2014

ALBANY, New York, August 1, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Biophotonics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the market was valued at USD 25.16 billion in 2013, which is expected to reach USD 50.20 billion by 2020, growing at a CAGR of 10.4% from 2014 to 2020.

Browse the full Biophotonics Market Report at http://www.transparencymarketresearch.com/biophotonics-market.html

Increasing demand for accurate early diagnosis and growth of ageing population are the major forces driving the biophotonics market. Apart from this, advances in optical technologies in aerospace and telecom industry and availability of funds for research and development are also fuelling the growth for biophotonics market. European commission provided grants of USD 13.74 million to pan European biophotonics consortium for the development of advanced light sources and lasers. Moreover, there are other organizations such as medical research council, the Robertson trust and BBSRC among others are providing fund for research and development. In addition, the demand for minimum invasion surgeries and the increasing awareness about food security are expected to drive biophotonics market over the forecasted period. The increasing demand for non medical applications including prevention of unauthorized access of data and for pathogen detections in agricultural food products will be the future opportunities for the biophotonics market.

Medical diagnostics segment accounted for the largest revenue share in 2013. The non-medical applications segment is expected to experience fastest growth rate growing at a CAGR of 14.5% from 2014 to 2020. In terms of application, see-through imaging segment held the highest market share, in 2013. Increasing number of patients suffering from chronic diseases such as cancer and the demand for early diagnosis and treatment are the major factors fuelling the growth in this segment. The biosensors segment is expected to grow the fastest, growing at a CAGR of 12.6% from 2014 to 2020.

North America held the largest market share in 2013. This was attributed to the increasing number of cancer patients and the advent of new technologies such as mobile c-arm and flat panel detectors. Asia Pacific is expected to be the fastest growing region, with an expected CAGR of 12.9% from 2014 to 2020. The growth in the region is attributed to increasing old age population and increasing healthcare expenditure in the emerging economies.

Related & Recently Published Reports by Transparency Market Research 

Major industry participants include Olympus Corporation (Japan), Affymetrix Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Oxford Instruments Plc. (U.K.), Becton Dickinson & Co. (U.S.), Carl Zeiss A.G. (Germany) and PerkinElmer, Inc. (U.S.) among others. The report studies the global biophotonics market, and provides estimates in terms of revenue (USD Billion) from 2014 to 2020. Market estimates on the basis of end-use and application have also been provided for each region. The market has been segmented as follows:

Biophotonics Market, by End-use 

Tests and components

Medical therapeutics

Medical diagnostics

Non-medical Applications

Biophotonics Market, by application: 

See-through imaging    

Microscopy    

Inside imaging

Spectro molecular market    

Other analytics sensing

Light therapy

Surface imaging

Biosensors


Browse the full Biophotonics Market Report at http://www.transparencymarketresearch.com/biophotonics-market.html

Biophotonics Market, by Geography: 

North America

Europe

Asia Pacific

Rest of the World


Browse All Semiconductor & Electronics Market Research Reports @ http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us  

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact 

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Company Blog: http://www.tmrblog.com/

Blog: http://transparencymarketresearch.areavoices.com/

Browse All PR: http://www.transparencymarketresearch.com/press-releases.htm

Browse Press Release of Biophotonics Market at @ http://www.transparencymarketresearch.com/pressrelease/biophotonics-market.htm


'/>"/>
SOURCE http://www.transparencymarketresearch.com/
Copyright©2014 PR Newswire.
All rights reserved

Related biology technology :

1. MedImmune Announces Winners of Its 6th Annual Global Abstract Competition
2. MarketsandMarkets: Global Prostate Cancer Therapeutics Market worth $6,457 Million by 2020
3. Global Cleantech Cluster Association Names New York City Startup Rentricity to Global Top 10 List
4. StemCyte Adds World Class Talent to its North America and Global Operations
5. Sequenom Named to NASDAQ Global Select Market
6. Synthetic Biology: Emerging Global Markets
7. MacroGenics Receives Milestone Payment as Part of Its Global DARTâ„¢ Alliance with Boehringer Ingelheim
8. Amgen to Present at the 30th Annual J.P. Morgan Global Healthcare Conference
9. Hemodialysis Machine Industry 2012 Global & China Market Research Report - ReportsnReports
10. MarketsandMarkets: Global Seed Treatment Market worth $3430.3 Million by 2016
11. Accuray Surpasses 600 Installations Globally
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/22/2016)... 22, 2016  According to Kalorama Information, the ... (NGS) market include significant efforts in automation as ... accessible and affordable sequencers, say the healthcare market ... consumables including sample prep materials.  The healthcare market ... Preparation for Next Generation Sequencing (NGS) , highlights ...
(Date:6/22/2016)... June 22, 2016   ViaCyte, Inc. , a ... cell-derived islet replacement therapy for the treatment of diabetes ... 2016 Annual Meeting.  ISSCR 2016, the Global Stem Cell ... Moscone West in San Francisco.    ... are as follows:Event: , Focus Session: Tools for Basic ...
(Date:6/22/2016)... DIEGO , June 22, 2016  Mesa ... has developed a testing platform designed specifically for ... formation of their scientific advisory board (SAB). Approved ... directors, the SAB is chartered to advise on ... disease assay platform. Led by Dr. Steve ...
(Date:6/21/2016)... , China , June 22, 2016 ... Phase 2 clinical trial for its novel patch product ... (p=0.023) and clinically meaningful pain relief against placebo. Conducted ... States , the trial enrolled 146 patients with ... (1) analgesia against placebo at week-1 (p=0.024), (2) greater ...
Breaking Biology Technology:
(Date:4/19/2016)... , UAE, April 20, 2016 ... implemented as a compact web-based "all-in-one" system solution for ... biometric fingerprint reader or the door interface with integration ... modern access control systems. The minimal dimensions of the ... readers into the building installations offer considerable freedom of ...
(Date:3/31/2016)... , March 31, 2016 ... ) ("LegacyXChange" or the "Company") LegacyXChange is ... users of its soon to be launched online site ... https://www.youtube.com/channel/UCyTLBzmZogV1y2D6bDkBX5g ) will also provide potential shareholders ... of DNA technology to an industry that is notorious ...
(Date:3/22/2016)... PROVO and SANDY, Utah ... (NSO), which operates the highest sample volume laboratory in ... Tute Genomics and UNIConnect, leaders in clinical sequencing informatics ... the launch of a project to establish the informatics ... NSO has been contracted by the ...
Breaking Biology News(10 mins):