Research and Markets has announced the addition of the "Global Biophotonics Market Insights, Opportunity, Analysis, Market Shares And Forecast 2016 - 2022" report to their offering.
The global biophotonics market is anticipated to contribute $59.9 billion by 2022 growing at a CAGR of 11.6% during 2016-2022.
The biophotonics market is majorly driven by the rapidly growing geriatric population and high prevalence rate of chronic diseases. In U.K., around 2.5 million people are suffering with cancer presently and this number is anticipated to reach 4 million by 2030. In 2015, the number of people suffering from cancer in UK has increased by almost half a million people in the last five years. The increasing prevalence of cancer is expected to significantly influence the demand for minimally invasive surgeries which in turn will boost the growth of biophotonics market.
The other factors that have contributed significantly towards the growing demand for point of care devices, significant technological advancements and emergence of nanotechnology. Supportive government initiatives and rising healthcare amends are also expected to have a positive impact on the growth of biophotonics market. High price of the biophotonics based instruments and complexity of the biophotonics technology are anticipated to hamper the market growth in the upcoming scenario. Moreover, increasing demand from emerging economies and rising application of biophotonics in non-medical sector are expected to create significant growth opportunities for the global biophotonics market.
The report segmented biophotonics devices market on the basis of application, technology, end-use and regions.
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Sector Analysis
5. Market Segmentation
6. Geographical Analysis
7. Company Profiling
For more information about this report visit http://www.researchandmarkets.com/research/zwwvvn/global
Related Topics: Biotechnology
View source version on businesswire.com: http://www.businesswire.com/news/home/20160913005950/en/Business Wire
Last updated on: 13/09/2016
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