Biophotonics Market worth 50.18 Billion USD by 2020 - 0 views
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pooja_mnm on 12 Sep 17The overall market for biophotonics in 2014 was valued at USD 26.26 Billion, which is estimated to reach USD 50.18 Billion by 2020, at a CAGR of 11.5% during the forecast period. This market growth can be attributed to emergence of nanotechnology, significant technological advancements over the last few years and their adoption in the medical sector, increase in the demand for home-based POC devices, aging population, and growing lifestyle diseases. The report categorizes the global biophotonics market on the basis of application, technology, end use, and geography as well as forecasts the market size and analyzes trends in the said market. This report is focused on giving a bird's eye-view of the market with regards to the qualitative analysis at each and every aspect of the classification done. The report provides a forecast of the growth of the biophotonics market between 2015 and 2020.