Global biophotonics market to be valued at $113.1b by 2030

Thanks to the increased demand for advanced medical diagnostics.

The global biophotonics market is projected to reach $113.1b by 2030 at a compound annual growth rate of 10.6%, according to Research and Markets.

The sector’s expansion is attributed to the increased demand for advanced medical diagnostics, therapeutics solutions, and research tools.

“With innovations such as optical coherence tomography, fluorescence imaging and biosensors, biophotonics offers superior performance compared to traditional biomedical approaches,” the report said.

Moreover, personalised medicine, early disease detection, and minimally invasive procedures are further driving market growth.