Biosensors Market was valued at USD 24.30 billion in 2021 and is expected to reach USD 54.11 billion by 2029, registering a CAGR of 9.30% during the forecast period of 2022-2029. Wearable Biosensors are expected to witness high growth in the product segment of the market owing to the change in centralized hospital-based care systems to home-based personal medicine. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
The research report on the Biosensors Market focuses on precise understandings of influencing aspects like size, shares, sales, forecast trend, supply, production, demands, industry, and CAGR. It offers a global overview of the complete market. The market research study explores the competitive environment through competition analysis. The company’s profile, finances, market potential, new product launches, current developments, global presence, and application domination are all examined. The research also looks at the factors that will have an impact on the market’s position in the future over the forecast period.
In a number of regional marketplaces, this paper closely examines supply chain analysis, business performance, and value chain analysis. The Biosensors market report also includes information on the supplier, vendor, and other important industry players. The unique information in the research is being mechanically and scientifically examined to have a better understanding of the worldwide market. The research looks at the market trends that are currently having an impact on growth. The study examines crucial elements like the industry’s drivers, restraints, and opportunities for leading market players, significant stakeholders, and emerging enterprises.
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Biosensors Analysis:
This Biosensors Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Biosensors contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
List of the leading companies operating in the Biosensors includes:
- Abbott (US)
- Johnson Johnson Services, Inc. (US)
- Medtronic (Ireland)
- DuPont (US)
- Bio-Rad Laboratories, Inc. (US)
- Universal Biosensors (Australia)
- Sysmex Corporation (Japan)
- Nova Biomedical (US)
- ACON Laboratories, Inc. (US)
- General Electric (US)
- Drägerwerk AG Co. KGaA (Germany)
- Ercon Inc. (US)
- Xsensio (Switzerland)
- Analog Devices, Inc. (US)
- Animas LLC (US)
- LifeSensors (US)
- Siemens (Germany)
- Hoffmann-La Roche Ltd (Switzweland)
- i-SENS, Inc. (South Korea)
- TaiDoc Technology Corporation (China)
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Biosensors Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Use in Medical Applications
The increase in demand for biosensors in a wide range of medical applications along with the diabetes population acts as one of the major factors driving the growth of biosensors market. The increased need for tiny diagnostic devices, and rise in awareness regarding early disease diagnosis drive the market further.
- Adoption of Sensors for Various Applications
The rise in the adoption of these sensors for temperature-sensitive applications in industries, including as food and beverages, textile, and healthcare, among accelerate the market. The deployment of the various sensors in household applications has a positive impact on the market.
- Increase in Demand for Point-Of-Care Testing Procedures
The increase in demand for point-of-care testing procedures further influence the market. The rise in the usage of biosensors for regular detection of pathogenic activities among consumers because of the prevalence of chronic and lifestyle-related ailments assist in the expansion of the market.
Additionally, surge in investments, rapid urbanization and increase in demand to advanced technology positively affect the biosensors market.
Opportunities
Furthermore, high demand from food industry and environmental monitoring applications extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, extensive research and development activities will further expand the market.
- Restraints/Challenges
On the other hand, high cost associated with research and development, and long certification and approval cycles are expected to obstruct market growth. Also, reluctance in adopting new treatment practices, and pricing pressure in POC are projected to challenge the biosensors market in the forecast period of 2022-2029.
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Recent Developments
Roche signed an agreement (Global Business Partnership Agreement) with Sysmex in January ’2021 for delivering hematology testing solutions. The purpose of the agreement is to use the IT systems to lead to improved clinical decision-making.
Abbott unveiled news regarding FreeStyle Libre 2, a next-generation, sensor-based glucose monitoring technology in December’2020. The technology received approval by Health Canada for adults and children.
Biosensors Segmentations:
Technology
- Electrochemical Biosensors
- Optical Biosensors
- Piezoelectric Biosensors
- Nano mechanical Biosensors
- Thermal Biosensors
- Others
Product
- Wearable Biosensors
- Non-Wearable Biosensors
Application
- Point Of Care (POC)
- Home Diagnostics and Biodefense
- Environmental Monitoring
- Food and Beverage Industry
- Research Labs
Biosensors Country Level Analysis
The countries covered in the Biosensors report are South Africa, Saudi Arabia, U.A.E., Egypt, Israel, the Rest of Middle East and Africa, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America. North America dominates globally due to rising demand for advanced technologies and software design and development.
The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Biosensors Report Answers the Following Questions:
- How much revenue will the Biosensors generate by the end of the forecast period?
- Which market segment is expected to have the maximum market share?
- What are the influencing factors and their impact on the Biosensors market?
- Which regions are currently contributing the maximum share of the overall Biosensors Market?
- What indicators are likely to stimulate the Biosensors market?
- What are the main strategies of the major players in the Biosensors to expand their geographic presence?
- What are the main advances in the Biosensors market?
- How do regulatory standards affect the Biosensors market?
Table of Content: Global Biosensors Market
1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Global Biosensors Market, By Deployment Type
7 Global Biosensors Market, By Enterprise Size
8 Global Biosensors Market, By Sales Channel
9 Global Biosensors Market, By Application
10 Global Biosensors Market, By Region
11 Global Biosensors Market, Company Landscape
12 Swot Analysis
13 Company Profile
14 Questionnaire
15 Related Reports
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Browse Related Reports:
North America Biosensors Market, By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nanomechanical Biosensors, Thermal Biosensors, Others), Product (Wearable Biosensors, Non-Wearable Biosensors), Application (Point Of Care (POC), Home Diagnostics And Biodefence, Environmental Monitoring, Food Beverage Industry, Research Labs), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/north-america-biosensors-market
Europe Biosensors Market, By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nanomechanical Biosensors, Thermal Biosensors and Others), Product (Wearable Biosensors and Non-Wearable Biosensors), Type (Embedded Device and Sensor Patch), Application (Point of Care (POC), Home Diagnostics and Biodefence, Environmental Monitoring, Food and Beverage Industry and Research Labs), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/europe-biosensors-market
Asia-Pacific Biosensors Market, By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nanomechanical Biosensors, Thermal Biosensors, Others), Product (Wearable Biosensors, Non-Wearable Biosensors), Type (Embedded Device, Sensor Patch), Application (Point of Care (POC), Home Diagnostics and Biodefence, Environmental Monitoring, Food Beverage Industry, Research Labs), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2029 https://www.databridgemarketresearch.com/reports/asia-pacific-biosensors-market
PPG (Photoplethysmography) Biosensors Market, By Product (Pulse Oximeters, Smart Watches, Smart Wrist Bands and Other Products), Application (Heart Rate Monitoring, Blood-oxygen Saturation, Blood Pressure, and Other Applications), and Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028 https://www.databridgemarketresearch.com/reports/global-ppg-photoplethysmography-biosensors-market
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