Surging Demand for Non-Invasive Diagnostics Drives Biophotonics Market Growth at 11.3% CAGR from 2023 to 2033

As per the latest market research conducted by FMI, the global biophotonics industry demand is expected to record a CAGR of 11.3% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of USD 54,320.0 million. By 2033, the valuation is anticipated to reach USD 1,58,457.0 million. Increased product releases and approvals …

Biophotonics Market Outlook, Current and Future Industry Landscape Analysis 2032

Growing geriatric population and extensive use of biophotonics in cell and tissue diagnostics are the key factors propelling the market growth. Advent of nanotechnology in biophotonics and increasing application of biophotonics within light therapy and microscopy will improve the demand. The global biophotonics market is anticipated to witness an impressive growth of over 11.3% CAGR during the forecast …