Biophotonics Global Market Report 2021: COVID-19 Growth And Change To 2030
The Business Research Company’s Biophotonics Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON, UK, May 12, 2021 /EINPresswire.com/ According to the new market research report ‘Biophotonics Global Market Report 2021: COVID-19 Growth And Change To 2030’ published by The Business Research Company, the global biophotonics market is expected to grow from $41.76 billion in 2020 to $45.67 billion in 2021 at a compound annual growth rate (CAGR) of 9.4%. The growth is mainly due to companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biophotonics market is expected to reach $63.04 billion in 2025 at a CAGR of 8%. The increasing dema