NEW YORK, Jan. 15, 2018 /PRNewswire/ -- Use this report to:
Gain an insight into the global biophotonics market scenario, both in terms of quantitative as well as qualitative data. Read the full report: https://www.reportlinker.com/p05285114
Receive a comprehensive analysis of biophotonics applications (biophotonics related technologies) segments. Highlight and analyze market trends, drivers, restraints and key opportunities. Receive a market forecasting of biophotonics markets by their respective segments and by geographic regions. Highlights
The global biophotonics market should grow from $32.2 billion in 2016, by a five year compound annual growth rate (CAGR) of 10.8%, to reach nearly $53.8 billion in 2021. North American market should grow from nearly $13.4 billion in 2016, by a CAGR of 10.5%, to reach nearly $22.0 billion in 2021. Asian market should grow from $6.4 billion in 2016, by a CAGR of 11.7%, to reach nearly $11.2 billion in 2021. INTRODUCTION
In terms of electromagnetic spectrum, biophotonics is the application of light and other forms of radiant energy, ranging from visible range (e.g., far infrared at around 100 microns) to X-ray (e.g., hard X-rays), primarily to life sciences and medicine. Biophotonics refers to the use of light sources, detectors or photoactive drugs to investigate or manipulate the biological materials, such as properties, conditions, and changes at the molecular, cellular, and subcellular levels in living organisms. Photonics is the technology of generating and using light and other forms of radiant energy which has photon as its quantum unit. Biophotonics typically involves wavelength of between 200 nm (UV) and 3,000 nm (near IR). A typical biophotonics application involves a target subject, a light source, a detector (e.g., sensor) and an interpreter. MARKET SEGMENTS The market segments in the study are categorized as:
Biophotonics applications: - See-through imaging. - Inside imaging/endoscopy. - Optical molecular spectroscopy. - Other analytics sensing. - Surface imaging. - Optical biosensing. - Light therapy and medical lasers. - Optical/light microscopy. Each application segment is further segmented by end-use segment type and region. Each segment is defined for the purposes of the report and does not represent any other definition outside this report. Discussion on these applications states the technologies included in these markets as for the purpose of this report. Biophotonics end-use segment type: - Medical diagnostics, monitoring and imaging. - Medical therapeutics. - Others (non-medical) market. - Tests and components. - Each end-use segment is further segmented by region. The key geographic regions according to which the markets are segmented include:
North America. Europe. Asia. Rest of the World (ROW). STUDY GOALS AND OBJECTIVES
The goal of this study is to provide industry participants insights on the global biophotonics market scenario, both in terms of quantitative as well as qualitative data, which could help them to gain market insights in order to develop business/growth strategies, assess market landscape, analyze their position in the current market scenario, and take key business decisions in biophotonics technologies space. In particular, the objectives of the study are as following:
To provide comprehensive analysis of biophotonics applications (biophotonics related technologies) segments. To identify the market dynamics of each key market and the relevant business impact thereof. To provide market forecasting of biophotonics markets by their respective segments and by geographic regions as mentioned above. To report and analyze key market developments. To highlight and analyze market trends, drivers, restraints and key opportunities. To analyze each key geographic region listed above. To analyze the competitive landscape of the market. REASONS FOR DOING THE STUDY
Precision medicine is a rapidly growing area and biophotonics is gaining interest from the medical industry, as biophotonics will play a key role in precision medicine. Biophotonics application extends from the basic molecular imaging and understanding biophysics of photon interaction with cells and tissue, to the clinical realm of non-invasive diagnostics, drug delivery, and therapy. This area is also gaining much interest from the research community. Biophotonics technologies have gained more traction in recent years, highly touted as more-effective, cost-saving technologies with applications ranging from medicine to life sciences research and beyond. Diagnostic and monitoring applications are paving the way for new optical technologies. The increasing demand of monitoring and diagnostic technologies, the growing trend of miniaturization, organic growth associated with mature markets such as X-ray imaging, vision care, etc., emerging applications of biophotonics, and the increasing role of biophotonics components in medical, biological and agro devices are all key drivers of the growth of the biophotonics industry. The report aims to present such issues that are driving and constraining market growth, as well as providing the quantitative assessment of the market that can help manufacturers and suppliers understand the growth potential of different market segments. SCOPE OF REPORT
We have taken a very broad definition of biophotonics to encompass the application of light and other forms of radiant energy, ranging from visible range (e.g., far infrared at around 100 microns) to X-ray (e.g., hard X-rays), primarily to life sciences and medicine. Biophotonics in this report is broadly defined as the application and development of optical methodology such as imaging, diagnosing, etc., to study cells and tissues. Biophotonics refers to detection, emission, absorption, modification, reflection and creation of radiation from tissues, biomaterials, organisms and cells. The report includes only those devices and products that are listed above, plus the segment of the global market and the products market of the above listed four regions. The scope of the report includes the following:
Key market analysis. Market dynamics (drivers and restraints). Market estimation for a forecasted period of 2016 through 2021. Competitive developments and landscape. Regional analysis. Profiles of key market players. Patents. INTENDED AUDIENCE
The key audience for this study includes: Biophotonics related technologies developers and manufacturers. Biophotonics market start-ups. Academic and commercial research organizations. Consulting firms. Medical devices market information database developers. The study will enable the audience to understand and gain insights on the current and changing market scenario. The data provided can help users understand which market segments are expected to grow at higher rates, factors driving growth, factors limiting the growth, and so on. INFORMATION SOURCES AND METHODOLOGY
Owing to the chain of markets involved in the report, the markets were assessed in the top down method. The content provided in the report, including market numbers and forecasts, was prepared based on both primary and secondary research methodologies. Market dynamics, qualitative information and views of industry participants were also taken into consideration while forecasting and measuring the market values. The same approach, such as primary and secondary methodology, was adopted for deriving the historic and base numbers. Macro markets were further divided into micro markets in consultation with views of different industry participants and the average of the range of the estimates gathered from primary research was taken, and later validated, from secondary and primary sources. The primary research included interviews and discussions with key industry participants, key opinion leaders and some subject matter experts, including healthcare professionals or technicians (such as nurses, doctors and lab technicians). Secondary data was collected from free sources such as Google search, company websites, industry reports and paid sources, such as Keynote, Factiva and LexisNexis, etc. The information provided in company profiles is primarily gathered from respective company websites; thus the information included is the latest information available on the web. The focus of the report has been kept at the devices/equipment market. The product categories named in this market study are subject to the definitions of each market segment. Read the full report: https://www.reportlinker.com/p05285114
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