- Market to Grow at a CAGR of 10.03 percent during 2012-2016
According to the latest research findings by the independent London-based global research firm TechNavio, Affymetrix is one of the key vendors in the Global Biophotonics Market during the 2012-2016 forecast period.
The Global Biophotonics market is becoming increasingly competitive with the presence of numerous vendors striving for market share. Currently, the majority of the vendors in the Global Biophotonics market are small enterprises. The competitive environment in this market will be increasing with the rise in the aging population, growing range of applications and increasing demand for quality healthcare.
Some of the other prominent vendors operating in this market include Andor Technology, Becton, Dickinson & Co., Carl Zeiss MicroImaging, Hamamatsu Photonics KK, and Olympus America. These vendors are constantly vying for the top position with occasional spurt of competition from local manufacturers in various countries.
Other vendors include companies such as AdvanDx, BIOLASE Technology, BioTek Instruments, Endra, Halma, HORIBA, Lumeni, Newport, PerkinElme, PicoQuant, TILL Photonics, and Zecotek Photonics, who are expected to strengthen their presence in the Global Biophotonics market during the forecast period.
With so many players operating in this market, the Global Biophotonics market will be growing at a CAGR of 10.03 percent during the forecast period, prominently driven by the single largest factor of a growing aging population worldwide. Biophotonics is enabling a faster mode of detection and optimum treatment of critical illnesses.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Biophotonics Market 2012-2016, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global Biophotonics Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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