Bio-Photonics Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

ISBN Code: 527 | Report Format: PDF

Bio-photonics is amalgamation of biologyand photonics. Photons are central entity in information technology electrons in electronics. Bio-photonics includes the development and application of optical methodology such as imaging, to study tissues and cells. Its major benefit is that it preserves the examined cells. It refers to absorption,detection, emission, reflection,modification and creation of radiation from organisms, tissues, cellsand biomaterials.Bio-photonics is used to detect biological functions at cellular and sub-cellular levels. The key applications of bio-photonics include life-science, environmental science, agriculture and medicine. It is being increasingly used in food science sector to ensure food safety, where it is being used to detect pollutants in foodstuffs by infrared and mass spectroscopy technologyand is also finding its increased use in several fields of study, including cell biology and nanobiotechnology.  In addition, biomedical imaging is expected to replace biopsies and existing mechanical scanning equipment. Moreover, it is being used in live cell imaging for the study of protein expression, protein-to-protein localization and interaction and has been identified as useful means for cancer treatment in early stage and for palliative care. Also, coherence ophthalmic tomography by allowing quickidentification of macular degeneration in the retina has transformed the ophthalmology field, while cancer can be treated by photodynamic therapy methods by delaying the growth of vasculatureand new blood vessels.Key factors driving the growth of this market include steadily growing ageing population worldwide and also expansion of application. Bio-photonics allowsquicker detection and ideal treatment of acutediseases.The number of people suffering from acutediseases is growing owing to the rise in the aging population, both in developing and developed nations.Amajor challenge faced by bio-photonics market is the high cost of instruments. Several, small end users lack in terms of budget to capitalize on high end research instruments and hence settle for low cost alternatives.

North America leads the bio-photonics market in terms of share closely followed by Europe. These regions majorly dominate in medical applications. The European Bio-photonics market growth is driven by rising number of pensioner population and increasing prevalence of diseases in this pool, frequent occurrence of epidemics and growing demand for cost effective diagnostic solution. Emerging markets of Latin America, Middle East and Asia Pacific region such as China and India are anticipated to grow at a lucrative rate.

The key vendors dominating this market space are Andor Technology, Affymetrix Inc., Becton, Dickinson & Co., Hamamatsu Photonics,Carl Zeiss MicroImaging, and Olympus America Inc.Other vendors mentioned in the report are Biolase Technology Inc., AdvanDx Inc.,EndraLife Sciences, BioTek Instruments Inc., Horiba Ltd., Halma plc, Newport Corp., Lumenis Ltd., PerkinElmer Inc., Zecotek Photonics Inc.and TILL Photonics.

Key question answered by the report
  • What was the market size from 2013 to 2015?
  • What will be the market growth till 2024 and what will be the resultant market forecast in the year?
  • How will the market drivers, retraints and future opportunieties affect the market dynamics and a subsequent analysis of the associated trends?
  • What segment and region will drive or lead market growth and why?
  • A comprehensive mapping of the competitive landscape and the market participants behavior.
  • What are the key sustainability strategies adopted by market players? An in-depth analysis of these strategies and their impact on competition and growth.
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