Biophotonics Market
Biophotonics Market - Global Industry Share, Growth, Competitive Analysis and Forecast, 2019-2025
Biophotonics deals with the development and application of optical technology to the study of biological molecules, cells, and tissue. Global Biophotonics market is expected to grow significantly over the forecast period. Major factors boosting the market growth are increasing demand for accurate early diagnosis of disease, and advances in optical technologies. However, factors such as slow adoption rate due to low acceptance from end-users, cost-benefit inefficiency, and lack of skilled professional are likely to hamper the market growth over the forecast period. Besides this, emerging markets in developing economies along with usage of biophotonics in the non-medical sector are likely to provide a number of opportunities to the market.
Moreover, the growing geriatric population across the globe is another major factor that is boosting the market growth in recent years. Aging is inevitable, and it comes with many associated diseases leading elder people to develop a disease such as psychiatric disorders. Moreover, with aging, the chances of chronic diseases such as cardiovascular diseases (CVDs) and others also get higher which surges the demand for early diagnostic and surgical techniques across the globe. According to the United Nations, the number of people aged 60 years and more in 2017 was 962 million. This number is expected to get doubled by 2050, and tripled by 2100. Global population with age 60 and more is growing faster as compared to the population of younger age groups. Moreover, it is inferred from the data available from United Nations that population (962 million) with age 60 and more accounts for 13% of the global population and his aging population is growing with the rate of around 3% per year. Currently, Europe holds the largest share of the aging population that is 25% across the globe. Other parts of the world are also likely to witness aging as well. By 2050, a quarter or approximately half of the population of all the region of the world will age 60 or above. The number of the aging population across the globe is expected to reach 1.4 billion by 2030; 2.1 billion by 2050; and 3.1 billion by 2100.
In addition, the global biophotonics market is analyzed geographically into North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions contribute significantly to the growth of the market. North America is expected to dominate the market over the forecast period owing to the US government’s initiatives taken to develop the biophotonics industry. Asia-Pacific is poised to show the highest growth over the forecast period. The lucrative growth of the Asia-Pacific region is attributed to the emerging healthcare sector in emerging economies such as China, India, South Korea, and Indonesia of the region.
Major companies that are involved in the development of biophotonics are Thermo Fisher Scientific, Inc., Olympus Corp., PerkinElmer, Inc., Bruker Corp., and Andor Technology Ltd. These key players adopt various strategies to stay competitive in the market. Strategies such as mergers & acquisition, partnership & collaborations, product launch, geographical expansion, and many others are followed by these market players. For instance, in December 2017, Thermo Fisher Scientific acquired Phenom-World which have helped Thermo Fisher Scientific to strengthen its leadership in electron microscopy.
Research Methodology
The market study of the global biophotonics market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include
- Financial reports of companies involved in the market
- Authentic Public Databases such as the World Health Organization (WHO), the United Nations, and others
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
The report is intended for research organizations, biotechnology companies, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation
Global Biophotonics market is segmented on the basis of regional outlook and following segments:
- Global Biophotonics Market Research and Analysis by Technology
- Global Biophotonics Market Research and Analysis by Application
- Global Biophotonics Market Research and Analysis by End-Use
- Global Biophotonics Market Research and Analysis by Geography
The Report Covers
- Comprehensive research methodology of the global biophotonics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global biophotonics market.
- Insights about market determinants which are stimulating the global biophotonics market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules and Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Becton, Dickinson & Co.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Carl Ziess Meditec AG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Hamamatsu Photonics K.K.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Thermo Fisher Scientific, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Olympus Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Biophotonics Market by Technology
5.1.1. In-Vitro
5.1.2. In-Vivo
5.2. Global Biophotonics Market by Application
5.2.1. Microscopy
5.2.2. Biosensors
5.2.3. Imaging
5.2.4. Other Applications (Spectro-Molecular, Light Application)
5.3. Global Biophotonics Market by End-Use
5.3.1. Medical Diagnostic
5.3.2. Medical Therapeutic
5.3.3. Medical Monitoring
5.3.4. Others (Non-Medical such as Agriculture)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Agilent Technologies, Inc.
7.2. Andor Technology Ltd.
7.3. Becton, Dickinson & Co.
7.4. Biophotonic Solutions, Inc.
7.5. Bio-Rad Laboratories Inc.
7.6. Bruker Corp.
7.7. Carl Zeiss Meditec AG
7.8. Clearbridge BioPhotonics Pte Ltd
7.9. Coherent, Inc.
7.10. DYSIS Medical Ltd.
7.11. Hamamatsu Photonics, K. K.
7.12. Lumentum Operations LLC
7.13. Newport Corp.
7.14. Novanta Inc.
7.15. Olympus Corp.
7.16. Oxford Instruments PLC
7.17. PerkinElmer, Inc.
7.18. Thermo Fisher Scientific, Inc.
7.19. Zecotek Photonics, Inc.
7.20. Zenalux Biomedical, Inc.
LIST OF TABLES
TABLE # 1 GLOBAL BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
TABLE # 2 GLOBAL IN-VITRO MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 3 GLOBAL IN-VIVO MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 4 GLOBAL BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
TABLE # 5 GLOBAL MICROSCOPY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 6 GLOBAL BIOSENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 7 GLOBAL IMAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 8 GLOBAL OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 9 GLOBAL BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
TABLE # 10 GLOBAL MEDICAL DIAGNOSTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 11 GLOBAL MEDICAL THERAPEUTIC MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 12 GLOBAL MEDICAL MONITORING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 13 GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
TABLE # 14 GLOBAL BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
TABLE # 15 NORTH AMERICAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
TABLE # 16 NORTH AMERICAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
TABLE # 17 NORTH AMERICAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
TABLE # 18 NORTH AMERICAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
TABLE # 19 EUROPEAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
TABLE # 20 EUROPEAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
TABLE # 21 EUROPEAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
TABLE # 22 EUROPEAN BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
TABLE # 23 ASIA-PACIFIC BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
TABLE # 24 ASIA-PACIFIC BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
TABLE # 25 ASIA-PACIFIC BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
TABLE # 26 ASIA-PACIFIC BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
TABLE # 27 REST OF THE WORLD BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2018-2025 ($ MILLION)
TABLE # 28 REST OF THE WORLD BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
TABLE # 29 REST OF THE WORLD BIOPHOTONICS MARKET RESEARCH AND ANALYSIS BY END-USE, 2018-2025 ($ MILLION)
LIST OF FIGURES
FIGURE # 1 GLOBAL BIOPHOTONICS MARKET SHARE BY TECHNOLOGY, 2018 VS 2025 (%)
FIGURE # 2 GLOBAL BIOPHOTONICS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
FIGURE # 3 GLOBAL BIOPHOTONICS MARKET SHARE BY END-USE, 2018 VS 2025 (%)
FIGURE # 4 GLOBAL BIOPHOTONICS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
FIGURE # 5 US BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 6 CANADA BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 7 UK BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 8 FRANCE BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 9 GERMANY BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 10 ITALY BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 11 SPAIN BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 12 ROE BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 13 INDIA BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 14 CHINA BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 15 JAPAN BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 16 REST OF ASIA-PACIFIC BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
FIGURE # 17 REST OF THE WORLD BIOPHOTONICS MARKET SIZE, 2018-2025 ($ MILLION)
