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Due to the higher demand for sophisticated medical diagnostic tools.
The worldwide biophotonics market is expected to hit $113.1 billion by 2030, growing at an annual compounded rate of 10.6%, as reported by Research and Markets.
The growth of the sector can be attributed to the rising demand for advanced medical diagnostics , therapeutic solutions, and research instruments.
The report stated, "Biophotonics provides enhanced capabilities through technologies like optical coherence tomography, fluorescence imaging, and biosensors, surpassing conventional medical methods."
Furthermore, personalized medicine, early disease identification, and less invasive techniques are also fueling market expansion.
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