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New Report on Global Biophotonics Market

Reviewed

Feb 7 2014

Research and Markets has announced the addition of the "Global Biophotonics Market to 2016" report to their offering.

The diagnostic techniques which make use of biophotonics are expanding in terms of the variety of applications in various fields. As far as microscopy and other associated technologies are concerned, biophotonics is used to detect biological functions at cellular and sub-cellular levels. Biophotonics is also beginning to play a significant role in Food Sciences sector for ensuring food safety, where the technology is being utilized in infrared and mass spectroscopy to detect pollutants in foodstuffs. Biophotonics-based imaging technology is also finding increasing use in various fields of study, including nanobiotechnology and cell biology. Further, it is expected in the near future that biopsies and existing mechanical scanning equipment will be replaced by biomedical imaging.

Moreover, biophotonics is now being used in live cell imaging, which is used for the study of protein expression, protein-to-protein interactions, and localization. In addition, biophotonics therapy has been accepted as a useful means for palliative care and for treating cancer during the early stages. Also, coherence optical tomography has transformed the field of ophthalmology by allowing the early diagnosis of macular degeneration in the retina, while photodynamic therapy methods have been developed for the treatment of cancer that act by delaying the growth of new blood vessels and vasculature.

One of the major drivers in this market is the steadily growing aging population worldwide. Biophotonics enables faster detection and optimum treatment of critical illnesses. The number of patients suffering from critical illnesses is growing owing to the increase in the aging population, both in developing and developed nations.

Further, the report states that one of the major challenges faced by the market is the high cost of biophotonics instruments. Various small end-users do not have the required budget to be able to capitalize on high-end research instruments and hence settle for low-cost alternatives.

The key vendors dominating this market space are: