Global Biophotonics Market: Restraint
Stringent patents and regulatory policies are major factor that can impact the market growth of biophotonics as most of the drugs are still patented, due to which only certain players can have the power to generate profit from medical solution. This is projected to hamper market growth over the forecast period.
The high cost of biophotonics instrument and treatment is expected to restraint market growth. Biophotonics instruments are very expensive when compared to their alternatives. Many small and medium-sized businesses, as well as end users, hold back from adopting biophotonics technology due to its high cost. This would also restrict the use of biophotonic technology. Therefore, the high cost of biophotonic will restrain the industry's expansion.
Biophotonics Market Report Snapshots
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