Biophotonics is a promising field of scientific study that deals with the interplay of biological matter and light. Biophotonics is the science and technology of producing and utilising photons to manipulate and detect biological materials. Light beams and other kinds of energy are used in biophotonics to diagnose and monitor medical problems.
Global biophotonics market is expected to witness lucrative growth over the forecast period owing to increasing geriatric population coupled with rising frequency of chronic diseases. Other significant factors influencing the growth of the biophotonics market include increased government initiatives and the inclusion of IT into health care applications around the world. Furthermore, the increased use of photonic components in healthcare devices for greater accuracy and sensitivity, as well as value enhancement, is likely to drive market expansion in the coming years. The expensive cost of biophotonics-based devices, combined with the complexity of biophotonics technology, may, however, limit industry expansion in the near future. Nonetheless, major technical improvements over the last decade, as well as their acceptance in the medical industry, are likely to create new growth prospects throughout the projection period.
The biophotonics market is segmented by application into see-through imaging, microscopy, inside imaging, spectro molecular, light therapy, surface imaging, and biosensors. See-through imaging has the biggest market share in 2015 and is predicted to increase rapidly in the next years. This is mostly because of the high need for radical non-invasive surgical treatments in medical fields such as brain imaging, cardiology, neurology, non-medical, and oncology.
The biophotonics market is divided into four end-use categories: test and components, medical treatments, medical diagnostics, and non-medical. Medical diagnostics led the biophotonics market in 2015, and the market is likely to develop significantly in the coming years. This expansion is mostly due to acceptance by various end-users such as healthcare providers, research laboratories, and instrument manufacturers. The non-medical segment's environmental screening and monitoring capabilities are predicted to increase the fastest in the future years.
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