Global Bio-Photonics Market to Surpass USD 62.4 Bn Mark, Forecasts KBV Research in Its In-Demand Study Recently Added at MarketPublishers.com17 Apr 2017 • by Natalie Aster
LONDON – Nowadays, the adoption of bio-photonics technology is gaining traction at a quick pace. The technology penetration is likely to see significant growth through to 2022. It is widely used to visualize, detect and manipulate various biological materials, and to understand the internal functioning of cells and tissues in the living organisms.
The global bio-photonics market is anticipated to be driven by significant developments in biosensors field and rising adoption in the nonmedical segment. Further impetus to the market growth will be given by remarkable advancements in R&D and rising investments into the technology development.
Still, technological complexity and high prices for bio-photonics instruments would act as key forces hindering further market growth through 2022.
The world’s market for bio-photonics is expected to grow at a great CAGR of over 11% through 2022 to exceed USD 62.4 billion. As of 2016, the market value stood at about USD 30.2 billion.
In-demand topical research report “Global Bio-Photonics Market (2016-2022)” prepared by KBV Research provides an unrivalled overview of the global biophotonics market and examines the technology adoption trends globally. It provides a detailed market segmentation analysis on the basis of end-users, technologies, applications and geography. Furthermore, the report covers the market dynamics, identifies the major market growth limiting and driving factors, pinpoints the top challenges and threats in the market, scrutinizes the market competitive environment and profiles the dominant market participants. A comprehensive future outlook for the world’s market for biophotonics through 2022 is available here, too.
Other comprehensive research publications elaborated by KBV Research are available in its catalogue at MarketPublishers.com.