GE Is One Of The Largest Players In The Biophotonics Market, According To The Business Research Company’s Biophotonics Market Global Report 2020-30: COVID-19 Growth And Change.
(Companies Covered: Thermo Fisher Scientific, OPGEN, NU Skin Enterprises, IPG Photonics Corp., Idex Corp, Toshiba, Procter & Gamble, Horiba, Precision Photonics Corp, Roche Group, GE, Philips, Affymetrix, Inc., Andor Technology Ltd., Becton, Dickinson & Co., Carl Zeiss AG, FEI Company)
The global biophotonics market is expected to decline from $46.61 billion in 2019 to $41.21 billion in 2020 at a compound annual growth rate (CAGR) of -11.58%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $55.13 billion in 2023 at a CAGR of 10.18%.
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The biophotonics market consists of revenues generated from the sales of biophotonic instruments combining optics, nanotechnology, photonics, and biotechnology. Biophotonics is the combination of photonics and biology and is a multidisciplinary research field embracing all light-based technologies applied to life sciences and medicine. It refers to the use of photonic or optical means to examine, control, and track biological processes at various levels of biology: cellular, tissue, molecular, and organism level.
Global Biophotonics Market Segmentation –
The biophotonics market covered in this report is segmented
1) By Product Technology: In-Vitro, In-Vivo
2) By Application: See-Through Imaging, Inside Imaging, Spectromolecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Others
3) By End Use: Diagnostics, Therapeutic, Tests, Others.
Global Biophotonics Market Drivers –
The increasing demand for minimally invasive surgeries is contributing to the growth of the biophotonics market. Optical engineering and imaging technologies are playing a vital role in the evolving field of minimally invasive surgeries by enabling to visualize the manipulation of tissue at remote internal sites.
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A Few Points From The Global Biophotonics Market ToC
1. Executive Summary
2. Biophotonics Market Characteristics
3. Biophotonics Market Size And Growth
3.1. Global Biophotonics Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Biophotonics Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Biophotonics Market Segmentation
5. Biophotonics Market Regional And Country Analysis
5.1. Global Biophotonics Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Biophotonics Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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