Jul 7 2015
Technavio has published a new report on the global biophotonics market, which is expected to grow at a CAGR of more than 9% from 2015-2019.
About the Report
The latest market research report by Technavio points towards the rapid growth of biophotonics, which is being driven by the development of breakthrough technologies for a wide range of applications, including diagnostics, bioanalytics, environmental monitoring, fluorescence microscopy, Raman spectroscopy, ophthalmology, and endoscopy.
“The process of detecting cancer at an early stage with the help of bioimaging technology such as spectroscopy may lead to a more effective therapy, which will significantly reduce the high mortality rates of the disease,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also features photonic technology, which is the science to generate, emit, transmit, and detect light. It includes light sources, transmission media, amplifiers, detectors, and modulators.
“The primary light source used in biophotonics is a laser. The use of laser devices are much faster, more sensitive and accurate for the diagnosis of diseases,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global biophotonics market from 2015-2019. To calculate the market size, the report considers revenue generated from sales of fall protection equipment in various industries along with revenue generated from fall protection training for employees.
Source: http://www.technavio.com/