During the course of the forecast period, regulatory authorities are anticipated to approve more products and grant licences to important market players. For instance, the debut of a new rosacea treatment was announced by the medical technology company Kleresca in August 2018. Based on the innovative and patented bio photonic technology developed by Kleresca, it stimulates the skin's natural repair processes through photobiomodulation by using fluorescent light energy. Market growth is anticipated to be fuelled throughout the forecast period by an increase in inorganic strategy, such as partnerships, by leading industry players. Asphericon, a company that offers customised optical services, for instance, announced in September 2020 a partnership with OptoSigma, a company that makes optical and opto-mechanical products, to sell aspheric optics through OptoSigma's websites and sales channels in the European, North American, and South American markets. On November 24, 2020, Jenoptik Light, a global company that develops optical technologies, and Optics BioPhotonics Group, a company that specialises in providing technological solutions in biophonotics, announced a partnership to provide a next-generation automated microscope for inline cellular analysis as well as microscopy, illumination systems, and high-performing image sensors.
According to Coherent Market Insights, The global Biophotonics Market is anticipated to reach US$ 67,324.7 million in 2022 and grow at a CAGR of 8.7% during the following five years (2022-2030).
Key Companies in the Biophotonics Industry:
1. Becton, Dickinson & Co
The company was established in 1897 and has its headquarters in New Jersey, U.S. The business produces and markets reagents, instrument systems, and medical equipment. Moreover, BD offers analytics and consulting services in some areas. BD receives FDA 510(k) clearance in March 2023 for the first-ever high-throughput diagnostic test for infectious vaginitis. BD will launch a High-Throughput Single-Cell Multiomics Platform in February 2023 to broaden the scope of scientific discovery.
2. Affymetrix Inc.
The firm was founded in 1992 and its main office is in California, United States. Life science apparatus is provided by Affymetrix, Inc. The business provides goods, equipment, and assets for basic research, industrial application, and plant and animal genomes and transcriptomics. In the present, Affymetrix develops and offers cutting-edge technologies that enable multiplex and parallel study of biological systems at the cell level.
3. Carl Zeiss
The company was established in 1846 and is based in Württemberg, Germany. The company sells optical tools, binoculars, cameras, microscopes, and eyeglass lenses, among other items. In addition to serving the global markets for semiconductors, automotive and mechanical engineering, biomedical research, and medical technology, Carl Zeiss also manufactures eyeglass lenses, camera and cine lenses, binoculars, and planetariums. ZEISS released an all-in-one cell imaging system in January 2023. The high-tech centre for ZEISS in North America opens its doors in March 2021.
4. Olympus America
The firm was founded in 1968 and its main office is in Tokyo, Japan. The company's business involves the wholesale distribution of surgical and other medical tools, apparatus, and gear. In November 2022, Olympus unveiled a brand-new gynecologic power morcellator for its enclosed tissue extraction system. Olympus unveiled its new manual tissue morcellation system for gynaecology in september 2022.
5. Andor Technology,
The business was established in 1989 and is situated in Belfast, United Kingdom. Excellent performance light measurement products are developed and produced by Andor Technologies Ltd.The Marana 4.2B-6 back-illuminated scientific camera from Andor, which offers vacuum cooling and performance at -45 °C for 95% of quantum operations, was first introduced in April 2020. In November 2021, a small tabletop confocal microscope called BC43 was introduced.
6. Hamamatsu Photonics
The company was established in 1953 and has its headquarters in Shizuoka, Japan. The business produces semiconductors, electron tubes, and image processors. The company's products include photosensitive electronic tubes, optical/image sensors, X-ray and laser-related items, photodiodes, light-emitting diodes (LED), and video cameras for measuring tools.
*Definition: The field of bio photonics focuses on the generation and application of photons of light to visualise, distinguish, and manipulate biological components. Combining lasers, biotechnology, nanotechnology, and photonics, bio photonics is a substantial advancement in four different fields of science.
