02-Jun-2021 | Zion Market Research
The global Biophotonics market accounted for USD 37.4 Billion in 2020 and is expected to reach USD 88.1 Billion by 2028, growing at a CAGR of around 8.3% between 2021 and 2028.
The report covers detailed analysis and forecast for the biophotonics market on a global and regional level from 2016 to 2028. The study offers historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises a comprehensive view of the market with the review of market drivers, restraints, and opportunities. It also provides the level of impact of drivers and restraints on the biophotonics market between 2016 and 2028.
The study included a detailed competitive scenario and end-use portfolio of key vendors. The report evaluates Porter’s Five Forces model to analyze the different factors affecting the growth of the biophotonics market. Moreover, the study encompasses a market attractiveness analysis, which provides the most attractive and least attractive market segments information by application, end-use, and region.
The report includes detailed segmentation of biophotonics market based on end-use, application, and region. Test & components, medical therapeutics, medical diagnostics, and non-medical are the key end-use segments in the biophotonics market. On the basis of application segment, the market can be classified into see-through imaging, microscopy, inside imaging, spectro molecular, light therapy, surface imaging, and biosensors. Major regional segment analyzed in this report include North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil.
Geographically, North America has been leading the worldwide biophotonics market and is anticipated to continue on the dominant position in the years to come, states the market study. Mounting investments in the medical sector, outstanding infrastructural development, and increase in research & development activities are the key factors that have contributed towards the dominance of the North America biophotonics market.
Browse the full “Biophotonics Market By End-use (Test & Components, Medical Therapeutics, Medical Diagnostics, and Non-Medical.) By Application (See-Through Imaging, Microscopy, Inside Imaging, Spectro Molecular, Light Therapy, Surface Imaging, and Biosensors): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/biophotonics-market
The global Biophotonics Market is segmented as follows:
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