The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s Biophotonics Global Market Report 2023, the global biophotonics market will increase from $67.04 billion in 2022 to $74.38 billion in 2023, with a 10.9% CAGR. By 2027, it’s projected to reach $113.99 billion, growing at an 11.3% CAGR.

What was the major driver in the biophotonics market?
Rising minimally invasive surgeries drive biophotonics market growth. Optical engineering and imaging facilitate internal tissue visualization. Intuitive Surgical, Inc. reported 10 million 2021 surgeries, boosting biophotonics revenue due to increasing global minimally invasive procedures.

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What was the key trend in the biophotonics market?
Emergence of advanced biotechnology techniques shapes biophotonics market. Example: University of St. Andrews scientists devised low-damage fluorescence microscopy for sensitive sample imaging in neuroscience and biomedicine, expected to revolutionize biomedicine. Hence, new advanced techniques gain traction in biophotonics.

Which was the largest region in the biophotonics market?
North America was the largest region in the biophotonics market in 2022. Western Europe was the second largest region in the global biophotonics market share. The regions covered in the global biophotonics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the biophotonics market prominent players?
Major players in the biophotonics market are Thermo Fisher Scientific, OPGEN, NU Skin Enterprises, IPG Photonics Corp., Idex Corp., Toshiba, Procter & Gamble, Horiba and Precision Photonics Corp.

Key biophotonics market segments
The global biophotonics market 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

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The Biophotonics Global Market Report 2023  provides a comprehensive overview on the biophotonics market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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