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.
This report by Grand View Research provides complete market estimates and forecasts up to 2020. The study also explains in detail various market dynamics including key drivers, restraints, growth opportunities and competitive landscape. Key questions answered by the report include:
- What is the current market size and what are the future growth prospects of the market
- What are the key applications in the market and what is their future potential
- What are the factors driving market growth and what are the key challenges for participants in this industry
- How will key regional markets perform up to 2020
- What is the competitive scenario in the market, which companies are expected to lead the market over the next six years