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How big is the healthcare share of the global photonics market?

3D medical imaging

The global market for photonics in medicine is growing (Image: Shutterstock)

The worldwide photonics market was valued at $865bn (€820bn) in 2022 by the recent Photonics Market Study Report 2019-2022 issued by Photonics21 and Tematys. Of that total, the value of the healthcare segment amounts to $96.86bn, or just over 11% of the total global photonics market.

While a large proportion ($47.7bn) of that global total is in eyeglasses and contact lenses, biophotonics devices and systems account for the remaining $49.2bn.

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