Biophotonics is the integration of biology and photonics where photonics refers to the science and technique of generation and production of photons. Biophotonics is used in the study of biological materials such as cells, tissues and organs by harnessing light from photons. This new approach has helped in the examination, analysis of living material thereby facilitating the diagnosis and treatment of diseases. Example of biophotonics include laser microscopes, light activated chemicals and optical coherence tomography. It has outpaced the conventional technology as it offers high resolution power and proper visualization of tissues, organs and their molecular dynamics and structure.
Development in optical technologies while maintaining the integrity of the cells under observation, increasing awareness about the early diagnosis of disease and technological advancements have boosted the growth of the biophotonics market. Besides, adoption of nanotechnology in healthcare sector, lifestyle changes and rise in geriatric population have further propelled the growth of this sector. However, high cost of the imaging systems coupled with concerns related to quality and reliability of the product have restricted the growth of the market, especially in the developing regions.
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Contemplating its segmentation, the market is divided on the basis of light source, application, technology, end user, and geography. Light source such as laser, LEDs and lamps can be used for the generation of photons. The biophotonics market is segregated on the grounds of application into see-through imaging, inside imaging, microscopy, spectro molecular, surface imaging, light therapy, biosensors and others. On the basis of technology, the market is segmented into in-vivo and in-vitro. On the basis of end user market is divided into medical diagnostics, medical therapeutics, tests & components and non-medical applications. Geographically, biophotonics market is segmented into North America, Asia-Pacific, Europe and LAMEA.
Strategies such as product launch and acquisition have been adopted by the key players of the market. In May 2016, Becton, Dickinson and Company recently launched its new cell sorter BD FACS Melody system which provides enhanced resolution and excellent sensitivity. Also, ThermoFisher Scientific Inc. acquired Affymetrix Inc. in March 2016. This acquisition has helped company strengthen their bioscience and genetic product portfolio.
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The key players of this market include Thermo Fisher Scientific Inc., Precision Photonics Corp., Oxford instruments., Becton, Dickinson and Company, Toshiba Corporation, Carl Zeiss AG, FEI Company, Hamamatsu Photonics K.K., Lumenis Ltd., Olympus Corporation, PerkinElmer, Inc. and Zecotek Photonics Inc.
KEY MARKET BENEFITS:
- The projections in the report are made by analyzing the current market trends and future market potential for the period of 20142022 in terms of value.
- The report analysis the segmentation of the biophotonics market on the basis of end user and geography.
- Analysis of the examination of the factors that curtail and bolster the market trends for biophotonics for example increased cases of chronic diseases aid the market growth.
- The various players, leading companies their collaboration and their strategies to evolve the market growth rate.
- Region wise and country wise biophotonics market conditions are comprehensively analyzed in this report.
BIOPHOTONICS MARKET SEGMENTS:
By Light source
- See-through imaging
- Inside imaging
- Spectro molecular
- Surface imaging
- Light therapy
By End user
- Medical diagnostics
- Medical therapeutics
- Tests & operations
- Non-medical applications
- North America
- South Africa
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