Global Biophotonics Market 2023: Industry Growth Rate, Latest Technology, New Innovations And Forecast To 2032 | Top Players Are Thermo Fisher Scientific Inc., OpGen Inc., NU Skin Enterprises Inc., IPG Photonics Corporation, Idex Corporation.

The Biophotonics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Biophotonics Global Market Report 2024, The biophotonics market size has grown rapidly in recent years. It will grow from $74.36 billion in 2023 to $82.74 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%.  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 $130.07 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.  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.

The increasing demand for minimally invasive surgeries is contributing to the growth of the biophotonics market. Optical engineering and imaging technologies are playing a vital role in the evolving field of minimally invasive surgeries by enabling to visualize the manipulation of tissue at remote internal sites. According to a report by Intuitive Surgical, Inc., a US-based company specializing in minimally invasive care and the pioneer of robotic-assisted surgery, stated that they performed 10 million surgeries in 2021. Therefore, the surge in the number of minimally invasive surgeries annually worldwide is generating higher revenues for the biophotonics market.

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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

The biophotonics market report table of contents includes:
1. Executive Summary
2. Biophotonics Market Characteristics
3. Biophotonics Market Trends And Strategies
4. Biophotonics Market – Macro Economic Scenario
5. Global Biophotonics Market Size and Growth

….

31. Global Biophotonics Market Competitive Benchmarking
32. Global Biophotonics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Biophotonics Market
34. Biophotonics Market Future Outlook and Potential Analysis
35. Appendix

List of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Biophotonics Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Biophotonics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Biophotonics Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Thermo Fisher Scientific Inc. Financial Performance
Table 75: OpGen Inc. Financial Performance
Table 76: NU Skin Enterprises Inc. Financial Performance
Table 77: IPG Photonics Corporation Financial Performance
Table 78: Idex Corporation Financial Performance

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