Worldwide Biosensor Market 2019, Size, Share, Trends, Regional Analysis, Business Growth, Competitive Landscape, Emerging Opportunities, Future Plans, Latest Technology, Security and Bio-defense

August 29 11:43 2019
Worldwide  Biosensor Market 2019, Size, Share, Trends, Regional Analysis, Business Growth, Competitive Landscape, Emerging Opportunities, Future Plans, Latest Technology, Security and Bio-defense

Global Biosensor Market Research Report- Forecast 2020

As per the Report by Market Research Future (MRFR), the Global Biosensor Market is Expected to Grow at a CAGR of 9.6% by 2020. Biosensor Market by technology (electrochemical biosensors, optical biosensors, thermal biosensors, piezoelectric biosensors), by end user (point of care, home diagnostics, research laboratories, food industry, security and biodefense) by application (medical testing, food toxicity, industrial process, environmental market, agricultural testing, others).

Market Research Future (MRFR) has announced a new release on the global biosensors market that analyzes the global biosensors market’s current and historical growth trajectory to come up with a detailed analysis of the market’s likely future growth trajectory over the forecast period. The report uses detailed primary and secondary information to provide a comprehensive overview of the global biosensors market and includes detailed information about the market’s segmentation and competitive landscape to provide readers with a clear view of the market’s granular structure. The global biosensors market is expected to grow at a solid CAGR of 9.6% from 2014 to 2020.

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Biosensors are devices used to track and monitor a particular biological parameter of the user’s health. Biosensors track the biological reactions going on inside the user’s body and convert certain predetermined markers into an electrical signal, acting as a warning system for the specific type of biomarker. Biosensors are complicated devices and are also widely used in areas other than personal health tracking, including environmental monitoring and agriculture. However, the rising demand for biosensors from the healthcare sector is likely to remain the major driver for the global biosensors market over the forecast period. Developing biosensors capable of instant diagnosis is likely to be a major avenue for players in the global biosensors market over the forecast period.

The growing prevalence of diabetes and other chronic lifestyle conditions is likely to be a major driver for the global biosensors market over the forecast period. These conditions require continuous tracking and instant alerting in case of any deviation from the healthy biological pattern, which is a perfectly suited application for biosensors. The growing geriatric population is also likely to be a major driver for the global biosensors market, as the geriatric demographic prefers comfortable and convenient medical devices that can be used with minimum fuss. The rising demand for point of care testing, along with the growth of the geriatric demographic, is also likely to be a major driver for the biosensors market over the forecast period.

Competitive Analysis:

Leading players in the global biosensors market include

  • Abbott Laboratories
  • Bayer Healthcare
  • Medtronic
  • Nova Biomedical Corporation
  • TiaDoc Technology Corporation
  • I-SENCE
  • LifeSensors
  • Siemens Healthcare
  • Johnson & Johnson,
  • F. Hoffman-La Roche Ltd.

 

Market Segmentation

The global biosensor market segmentation is done on the basis of technology, application, and end-user.

By technology, the market divides into thermal biosensors, electrochemical biosensors, piezoelectric biosensors, optical biosensors, and others. The piezoelectric biosensors hold the largest share in this market segment.

By application, the market includes industrial process, agricultural testing, medical testing, environmental market, into food toxicity, and others.

By end-user, the market comprises research laboratories, security and biodefense, food industry, point of care, home diagnostics, and others. The security and biodefence segment is the biggest market share holder because of the increasing biological threats and the proliferating need to protect them.

Intended Audience

  • Biosensor equipment manufacturers & Suppliers
  • Biosensor products manufacturers & Suppliers
  • Contract Research Organizations (CROs)
  • Research and Development (R&D) Companies
  • Government Research Laboratories
  • Independent Research Laboratories
  • Government and Independent Regulatory Authorities
  • Market Research and Consulting Service Providers
  • Academic Institutes and Universities

 Regional Analysis:

The global biosensors market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa.

The Americas is likely to remain the major regional segment of the global biosensors market over the forecast period, due mainly to the leading role of the U.S. in the global biosensors market. The growing prevalence of chronic lifestyle diseases such as diabetes in the U.S. is likely to be a major driver for the global biosensors market over the forecast period. The high development rate of the healthcare sector in North America is also likely to be a major driver for the biosensors market in the Americas, as several key players in the healthcare sector are located in the region and are likely to come up with innovations in the biosensors market in the coming years.

Asia Pacific is expected to exhibit the highest rate of growth in the global biosensors market thanks to the growing healthcare sector in the emerging countries in the region as well as the growing prevalence of diabetes and other chronic disorders.

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About Market Research Future:

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