Global Biophotonics Market Analysis & Opportunity Assessment, 2014 – 2020

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The global biophotonics market is expected to hold an extensive share in the growth of medical equipment and healthcare services industry through the forecast period.

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The key healthcare reforms, rise in aging population, government supported initiatives, IT integration in healthcare sector, and rising prevalence of chronic diseases are expected to drive the global market biophotonics market in the near future. The application segmentation of the global biophotonics market includes spectro molecular, see through imaging, biosensors, light therapy, surface imaging, and microscopy to list a few. Light therapy and microscopy application are anticipated to showcase 15.1% CAGR between 2014 and 2020.

The biophotonics global market is geographically segmented into four broad regions such as Europe, Middle East and Africa, North America, and Asia Pacific. As per the report, North America accounted for the largest share of the global market accounting for US$12.5 billion in 2014 and is anticipated to reach US$23.3 billion by the end of 2020. North America is further followed by Europe and Asia Pacific in terms of revenue and market share.

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The research report on the global biophotonics market specifies the prominent players in the industry which are Carl Zeiss, Olympus America, Affymetrix Inc., Dickinson & Co., Andor Technology, Becton, and Hamamatsu Photonics. Carl Zeiss recently announced a new version of their product Humphrey Field Analyzer – HFA3 for diagnosis of glaucoma. The new version is expected to substitute the conventional manual procedure into patented liquid trial lens. This lens will automatically present the refractive correction with the use of information recorded in the instrument.
The global market for biophotonics has a fierce competitive landscape across the globe owing to the influx of innovative biophotonic products in its diversified applications.

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