OIDA Market Report
The Biophotonics R&D Picture
Spending in the sector shows modest but steady growth.
Funding related to biophotonics from various sources. (“NIH extramural” includes five NIH institutes with most concentration in optics and photonics.) Source: OIDA
The biophotonics market and its R&D expenditures are growing at about 4 percent per year, according to estimates from OSA Industry Development Associates (OIDA). OIDA forecasts that the market will grow 4.5 percent in 2017 from US$41.6 billion in 2016, itself a gain of 3.9 percent over 2015. This includes a variety of life-science segments spanning human health care, animal and plant science, water treatment, biometrics and other tools and monitors.
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