The global biosensors market size was USD 25.5 Billion in 2021 and is expected to register a revenue CAGR of 8.0% during the forecast period, according to latest analysis by Emergen Research. Increasing application of biosensors in agriculture and healthcare sectors and emergence of nanotechnology-based biosensors are factors projected to support market revenue growth between 2021 and 2030. In addition, rising prevalence of diabetes across the globe and growing acceptance of biosensors by diabetic patients are factors contributing to revenue growth of the market. Significant advancements in biosensor technology have eased the process of blood glucose level monitoring of patients, especially in older adults, which has helped in the management of diabetes mellitus. Furthermore, advancements in biosensors have allowed blood glucose monitoring over a wide range of concentrations and temperatures. Other benefits of biosensors include Point of Care (POC) glucose testing and non-invasive glucose monitoring systems among others, which is expected to boost growth of the market during the forecast period.
The study performs a historical assessment of the Biosensors from 2021 to 2028, focusing on the market trends, revenue share, growth rate, production capacity, pricing structure, and other vital aspects during that period. The report emphasizes the demands and ongoing trends of the global Biosensors market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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The global Biosensors market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
- Abbott, Medtronic, Bio-Rad Laboratories, Inc., Cytiva, LifeScan IP Holdings, LLC, Nova Biomedical, Universal Biosensors, AgaMatrix, PHC Holdings Corporation, ACON Laboratories, Inc.
Significant driving forces shaping the future of the Biosensors market for the forecast period 2021 – 2028 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
Some Key Highlights From the Report
- Wearable segment is expected to account for largest revenue share during the forecast period. Wearable biosensors are increasingly being used to monitor patients and health and wellness and have major potential to change health monitoring and traditional medical diagnostic concepts. Wearable biosensors can change centralized hospital-based care systems to home-based personal medicine, which also reduce diagnosis time and healthcare cost.
- Home diagnostics segment is expected to lead in terms of revenue share to the global biosensors market over the forecast period owing to increasing developments in new diagnostic devices and methods in the healthcare sector. Home-based medical devices are convenient to use and are a ideal option for older adults as it enables provision of personalized care and does not require patients to make frequent trips to hospital.
- Asia Pacific market is expected to register fastest revenue growth rate during the forecast period. Increasing demand for biosensors in agriculture and healthcare sectors are key factors expected to drive market revenue growth over the forecast period. In addition, increasing prevalence of chronic and lifestyle diseases and expanding elderly population and patient pool are other factors contributing to growth of the market.
Emergen Research has segmented the global biosensors market on the basis of product, technology, application, end-use, and region:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Wearable Biosensors
- Non-wearable Biosensors
- Technology Outlook (Revenue, USD Billion; 2019–2030)
- Electrochemical Biosensors
- Optical Biosensors
- Piezoelectric Biosensors
- Thermal Biosensors
- Nanomechanical Biosensors
- Application Outlook (Revenue, USD Billion; 2019–2030)
- Healthcare
- Agriculture
- Bioreactor
- Food Toxicity
- Others
- End-use Outlook (Revenue, USD Billion; 2019–2030)
- Point of Care (POC)
- Home Diagnostics
- Research Labs
- Environmental Monitoring
- Food & Beverages
- Biodefense
- Others
For more details of the Biosensors Market Report, visit @ https://www.emergenresearch.com/industry-report/biosensors-market
The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.
Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The report considers the following timeline for market estimation:
- Historical Years: 2019-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Years: 2021-2028
Key Coverage of the Biosensors Market:
- Insightful information regarding the global Biosensors market
- Identification of growth in various segments and sub-segments of the Biosensors market
- Strategic recommendations for investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Accelerates the decision-making process through the availability of the drivers and limitations
Quick Buy – Biosensors Market Research Report: https://www.emergenresearch.com/select-license/42
The global Biosensors market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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