Biophotonics Market to Grow at 11.3% CAGR from 2014 to 2020 due to Government Support and Expanding Geriatric Patient Po
Global Biophotonics Market to Grow at 11.3% CAGR from 2014 to 2020 due to Government Support and Expanding Geriatric Patient Pool
ALBANY, New York, April 20, 2015 : Market Research Reports Search Engine (MRRSE) has added a new research report to its rapidly expanding collection, titled ‘ Global Biophotonics Market Analysis & Opportunity Assessment, 2014 - 2020’. The report draws on extensive historical data about the biophotonics market to make studied growth forecasts about the market. The report includes an elaborate examination of market drivers and restraints and their impact analysis, detailed information about each segment of the global biophotonics market, and a precise analysis of the competitive landscape of the market.
Biophotonics refers to the various applications of light (both visible and invisible to the human eye) in medicine. This developing field is used mainly in diagnosis and photo-manipulation of bioactive substances to aid in various medical processes, mainly in hematological and histological disorders. The inclusion of biophotonics makes these diagnostic procedures more precise and efficient.
Complete Report with TOC @ http://www.mrrse.com/global-biophotonics-market
Accordingly, the medical diagnostics end-use segment of the biophotonics market is expected to exhibit the strongest growth rate during the forecast period – a 17.2% CAGR, considerably more than the overall market. Other end-use sectors utilizing biophotonics include medical therapeutics, agriculture, biotechnology, and test components.
The applications of the biophotonics market are found in see-through imaging, inside imaging, spectromolecular processes, surface imaging, light therapy, microscopy, biosensors, and other analytical sensing. Among these, light therapy and microscopy are expected to dominate the biophotonics market in the forecast period.
According to the report, the global biophotonics market is expected to grow at a strong 11.3% CAGR from 2014 to 2020 upon its 2013 value of US$28 billion.
The report includes detailed information about the impact of various determinant factors on the growth trajectory of the global biophotonics market during the forecast period. Government support for incorporation of and innovation in biophotonics, due to the clear benefits it offers to the medical sector, counts as a prime driver of the global biophotonics market. The increasing incidence of chronic diseases around the world, complemented by the growing geriatric population more prone to such diseases, is aiding the acceptance of biophotonics into established medical procedures.
Request a Sample Copy of the Report @ http://www.mrrse.com/sample/125
Due to its readiness in accepting technological innovations and infrastructural support for easily incorporating advanced techniques, North America remains the smart market for biophotonics investors and market players. The North America market for biophotonics is expected to double in value over the forecast period, approaching US$25 billion by 2020.
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MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.
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Tel: +1-518-618-1030
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ALBANY, New York, April 20, 2015 : Market Research Reports Search Engine (MRRSE) has added a new research report to its rapidly expanding collection, titled ‘ Global Biophotonics Market Analysis & Opportunity Assessment, 2014 - 2020’. The report draws on extensive historical data about the biophotonics market to make studied growth forecasts about the market. The report includes an elaborate examination of market drivers and restraints and their impact analysis, detailed information about each segment of the global biophotonics market, and a precise analysis of the competitive landscape of the market.
Biophotonics refers to the various applications of light (both visible and invisible to the human eye) in medicine. This developing field is used mainly in diagnosis and photo-manipulation of bioactive substances to aid in various medical processes, mainly in hematological and histological disorders. The inclusion of biophotonics makes these diagnostic procedures more precise and efficient.
Complete Report with TOC @ http://www.mrrse.com/global-biophotonics-market
Accordingly, the medical diagnostics end-use segment of the biophotonics market is expected to exhibit the strongest growth rate during the forecast period – a 17.2% CAGR, considerably more than the overall market. Other end-use sectors utilizing biophotonics include medical therapeutics, agriculture, biotechnology, and test components.
The applications of the biophotonics market are found in see-through imaging, inside imaging, spectromolecular processes, surface imaging, light therapy, microscopy, biosensors, and other analytical sensing. Among these, light therapy and microscopy are expected to dominate the biophotonics market in the forecast period.
According to the report, the global biophotonics market is expected to grow at a strong 11.3% CAGR from 2014 to 2020 upon its 2013 value of US$28 billion.
The report includes detailed information about the impact of various determinant factors on the growth trajectory of the global biophotonics market during the forecast period. Government support for incorporation of and innovation in biophotonics, due to the clear benefits it offers to the medical sector, counts as a prime driver of the global biophotonics market. The increasing incidence of chronic diseases around the world, complemented by the growing geriatric population more prone to such diseases, is aiding the acceptance of biophotonics into established medical procedures.
Request a Sample Copy of the Report @ http://www.mrrse.com/sample/125
Due to its readiness in accepting technological innovations and infrastructural support for easily incorporating advanced techniques, North America remains the smart market for biophotonics investors and market players. The North America market for biophotonics is expected to double in value over the forecast period, approaching US$25 billion by 2020.
About MRRSE
MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.
Contact
Corporate Office
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@mrrse.com