Global Biophotonics Market Report 2020 News provided by Share this article Share this article ResearchAndMarkets.com's offering. The global biophotonics market grew at a CAGR of around 11% during 2014-2019. Looking forward, the global biophotonics market to continue its strong growth during the next five years. The increasing prevalence of chronic medical ailments, along with the widespread adoption of biophotonics for disease diagnostics, is one of the key factors driving the growth of the market. The rising geriatric population, which is more susceptible to such ailments, is also driving the market growth. Furthermore, the widespread adoption of biophotonics from the non-medical sector is creating a positive outlook for the market. It is being used for testing chemicals, toxins and microbial materials for environmental monitoring and defense applications. Additionally, various technological advancements, such as the advent of nanotechnology and novel photoacoustic tomography (PAT) systems, are acting as other growth-inducing factors.