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Home>Global Biophotonics Market Growth, Trends & Forecast 2017-2022 - Research and Markets

Global Biophotonics Market Growth, Trends & Forecast 2017-2022 - Research and Markets

Global Biophotonics Market Growth, Trends & Forecast 2017-2022 - Research and Markets

10/05/2017

Global Biophotonics Market Growth, Trends & Forecast 2017-2022 - Research and Markets

The "Global Biophotonics Market Growth, Trends & Forecast 2017 - 2022" report has been added to Research and Markets' offering.

The combination of biology and photonics, Biophotonics, is an emerging area of scientific research to generate and harness light to image, detect and manipulate biological materials. The biophotonics technology has varied application in industries like diagnostics, therapeutics, agriculture and biotechnology.

High-throughput biophotonic instrument which is needed to identify and optimize novel photodynamic therapy (PDT) agents is developed based on light-emitting diode (LED) technology. It has the capacity to screen large chemical or biological libraries. Using this instrument, a novel photosensitizing fluorescent protein called KR (Killer Red) which has potential in gene therapy has been identified. Also, a novel therapeutic strategy called PhotoGene Therapy (PGT) for pathologic angiogenesis was proposed. There are many potential advantages of this instrument which is set to have a huge impact on the biomedical sector. The market is expected to witness a high growth with such innovative instruments paving way for the future.

North America holds the largest share in the market. This can be due to the increased investment in research and development activities along with rising prevalence of cancer. While Europe is in the position next to North America for this market, the Middle East and Africa (EMEA) and Asia Pacific follow to contribute for the revenues.

The major players of this market include Affymetrix Inc, PerkinElmer, Inc., Becton Dickinson & Co., Glenbrook Technologies Inc., Hamamatsu Photonics K.K., Olympus Corporation, Carl Zeiss A.G., Oxford Instruments Plc, and Zenalux Biomedical Inc. among others

The major factors driving the growth of biophotonics market are growing geriatric population, advances in optical technologies, increasing investments in R&D and government support. The growth of personalized medicine fuels the growth opportunities for biophotonics technology.

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