Biophotonics Market Predicted To Reach USD 91.31 Billion By 2024Posted by Neha Bora on January 17th, 2020 San Francisco, 17 January 2020: The Report Biophotonics Market By End-Use (Tests and Components, Medical Therapeutics, Medical Diagnostics, Non-Medical Application), By Application (See-Through Imaging, Microscopy, Inside Imaging, Spectro Molecular, Analytics Sensing, Light Therapy, Surface Imaging, Biosensors) And Segment Forecast To 2024 The global biophotonics market was valued at USD 34.29 billion in 2015, which is estimated to reach USD 91.31 billion by 2024, according to a new report by Grand View Research, Inc. The developments in optical technologies, increasing investigations by researchers, and mounting demand for early diagnosis are anticipated to drive the market growth over the forecast period. Biophotonics, being an evolving area of scientific research, has several applications due its ability to harnesses light for comprehending the functioning of cells and tissue in living organisms. This further aids in the better diagnosis of health problems. Biophotonics market is projected to witness a high growth during the forecast period, owing to its application in optical techniques while simultaneously preserving the integrity of the biological cells under surveillance. New laser microscopes are being developed which permit measurements of distinct molecules and tissues at exceptional resolutions. Biophotonics also finds applications in numerous procedures including new laser microscopes, which allow exceptional specifications of molecules & single tissues, optical coherence tomography that assists in the minute imaging of biomaterials, and novel light-activated chemicals utilized for welding tissues through surgical procedures. Considering the enormous application areas, it is becoming perplexing for the key market players to commercialize this technology. However, the market is confronted with a slow commercialization rate due to the low acceptance from end-users, price sensitivity, and concerns pertaining to authenticity, quality, and reliability of the products. Access Research Report of Biophotonics Market @ https://www.grandviewresearch.com/industry-analysis/biophotonics-market Further key findings from the report suggest:
Grand View Research has segmented the global biophotonics market on the basis of end-use, application, and region. Biophotonics End-Use Outlook (Revenue, USD Billion; 2013 - 2024)
Biophotonics Application Outlook (Revenue, USD Billion; 2013 - 2024)
Biophotonics Regional Outlook (Revenue, USD Billion; 2013 - 2024)
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