DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/2t7qgg/global) has announced the addition of the "Global Biophotonics Market 2012-2016" report to their offering.
The analysts forecast the Global Biophotonics market to grow at a CAGR of 10.03 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing aging population. The Global Biophotonics market has also been witnessing the expansion of application. However, the high cost could pose a challenge to the growth of this market.
The key vendors dominating this market space are Affymetrix Inc., Andor Technology PLC, Becton, Dickinson & Co., Carl Zeiss MicroImaging GmbH, Hamamatsu Photonics KK, and Olympus America Inc.
Other vendors mentioned in the report are AdvanDx Inc., BIOLASE Technology Inc., BioTek Instruments Inc., EndraLife Sciences, Halma plc, HORIBA Ltd., Lumenis Ltd., Newport Corp., PerkinElmer Inc., PicoQuant GmbH, TILL Photonics GmbH, and Zecotek Photonics Inc.
Commenting on the report, an analyst from the team said: 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.
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