What are the recent trends in market size and growth for the biophotonics market?
The biophotonics market size has grown rapidly in recent years. It will grow from $83.26 billion in 2024 to $92.33 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to medical imaging advancements, disease diagnosis and monitoring, life sciences research, optical sensing and spectroscopy, laser and light source innovations.
The biophotonics market size is expected to see rapid growth in the next few years. It will grow to $149.06 billion in 2029 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to personalized medicine, precision agriculture, global health initiatives, wearable and mobile health devices, environmental monitoring and safety. Major trends in the forecast period include miniaturization and point-of-care devices, multimodal imaging, optogenetics, machine learning and data analytics, smart imaging probes.
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How have varous drivers impacted the growth of the biophotonics market?
The biophotonics market is experiencing growth driven by the increasing demand for minimally invasive surgeries. Optical engineering and imaging technologies have become instrumental in the realm of minimally invasive procedures, enabling real-time visualization of tissue manipulation within remote internal sites. For instance, in January 2023, according to reports published by Intuitive Surgical Inc., a US-based manufacturer of robotic products, in 2022, there were approximately 1,875,000 surgical procedures conducted using a Vinci Surgical Systems. This marked a notable 18% increase compared to the approximately 1,594,000 surgical procedures performed with a Vinci Surgical Systems in 2021. Consequently, the expanding number of minimally invasive surgeries conducted worldwide annually is contributing to the enhanced revenues in the biophotonics market.
What are the primary segments of the biophotonics market?
The biophotonics market covered in this report is segmented –
1) By Product Technology: In-Vitro, In-Vivo
2) By Application: See-Through Imaging, Inside Imaging, Spectromolecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Other Applications
3) By End Use: Diagnostics, Therapeutic, Tests, Other End Uses
Subsegments:
1) By In-Vitro: Diagnostic Imaging, Fluorescence Microscopy, Spectroscopy-Based Detection, Biochemical Sensors, Point-Of-Care Devices
2) By In-Vivo: Endoscopy, Optical Coherence Tomography (OCT), Photodynamic Therapy (PDT), Bioluminescence Imaging, Near-Infrared Spectroscopy (NIRS)
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Which firms are leading the biophotonics market?
Major companies operating in the biophotonics market include Thermo Fisher Scientific Inc., OpGen Inc., NU Skin Enterprises Inc., IPG Photonics Corporation, Idex Corporation, Toshiba Corporation, Horiba Ltd., Precision Photonics Corp, Roche Group, General Electric Company, Koninklijke Philips NV, Affymetrix Inc., Andor Technology Ltd., Becton Dickinson & Co, Carl Zeiss AG, FEI Company, Hamamatsu Photonics KK, Lumenis Ltd., Olympus Corporation, PerkinElmer Inc., Zecotek Photonics Inc., Zenalux Biomedical Inc., Glenbrook Technologies Inc., Oxford Instruments Plc, Lumicks BV, Creoptix AG, ThinkCyte Inc., PhotoPharmics Inc., Impedimed Ltd., Bioptics Inc.
How will industry trends affect the trajectory of the biophotonics market?
The launch of new advanced techniques in the field of biotechnology is a major trend shaping the biophotonics market. For instance, a team of scientists at the University of St. Andrews (Scotland) developed a fluorescence microscopy technique that allows imaging of delicate biological samples with low damage in neuroscience and biomedicine. This low-damage optical technique is projected to transform the world of biomedicine in the forthcoming years. Hence, the development of new and advanced techniques is gaining significant popularity in the biophotonics market.
Which geographic trends are shaping the biophotonics market, and which region has the highest market share?
North America was the largest region in the biophotonics market in 2023. Western Europe was the second largest region in the biophotonics market. The regions covered in the biophotonics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Biophotonics Market Report 2025 Offer?
The biophotonics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Biophotonics is the combination of photonics and biology and is a multidisciplinary research field embracing all light-based technologies applied to life sciences and medicine. It is used to examine, control, and track biological processes at various levels of biology: cellular, tissue, molecular, and organism level.
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