The
market was valued at US$25.16 billion in 2013 and is now growing at a
10.4% CAGR from 2014 to 2020. With the help of Porter’s Five Forces
analysis and market attractiveness analysis, the report provides
information about and a comprehensive review of the various factors
contributing to or impeding the market’s growth. The report
elaborates on the market drivers, opportunities, and restraints,
describing several current trends and their impact on the overall
market size.
Browse
the full Biophotonics Market Report at
http://www.transparencymarketresearch.com/biophotonics-market.html
Through
this report, TMR analysts explain the major benefits of biophotonics
and its use in different end-use applications. Biophotonics refers to
the study of cells and tissues employed in the fields of agriculture,
life science, medicine, and environmental science. One of the main
reasons the market for biophotonics is in demand in these fields is
its ability to preserve cells for a specific period when they are
examined. The market is also applied in optical methodology such as
imaging and diagnostics. The increasing global geriatric population
is creating a growing demand for facilities equipped with
high-quality medical technology. These prove to be the major driving
forces of the biophotonics market.
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Moreover,
availability of funds for advanced research and development
activities and advances in optical technology in the fields of
telecom and the aerospace industry are some of the factors fueling
growth in the biophotonics market. The report also studies the global
biophotonics market based on end use, and enlists medical
therapeutics, tests and components, medical diagnostics, and
non-medical applications as key segments under this study. Among all,
the medical diagnostics segment was represented as the largest
biophotonics sector in 2013. However, the non-medical application
segment is projected to exhibit the fastest growth in the next five
years. The increasing demand for the non-medical segment, including
pathogen exposures in agriculture food products, need for constant
blood monitoring, and prevention of unauthorized access to critical
data has stirred up great opportunities for the entire biophotonics
market.
See-through
imaging was the largest application segment in 2013, due to the
rising demand for minimally invasive surgeries and advancing medical
procedures in the field of cardiology, oncology, brain imaging, and
neurology. Furthermore, based on geographical analysis the report
takes into account a decisive view of four major regions actively
involved in the biophotonics market. The market for biophotonics is
segmented into North America, Europe, Asia-Pacific, and Rest of the
World (RoW), with North America holding the largest share in the
global market.
Browse
Press Release of Biophotonics Market at @
http://www.transparencymarketresearch.com/pressrelease/biophotonics-market.htm
“In
the coming years, North American countries are expected to contribute
heavy investments and conduct high-end research activities in the
field of biophotonics. Moreover, due to increasing healthcare
expenditure and growing geriatric population in Asia-Pacific, the
region is expected to be the next fastest growing area in the next
five years,” stated a TMR analyst during this study.
Browse
All Semiconductor & Electronics Market Research Reports @
http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
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Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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