The latest report on “Biosensors Market (Type – Sensor Patch, and Embedded Device; Product – Wearable, and Nonwearable; Technology – Electrochemical, Optical, and Other Technologies; Application – POC, Home Diagnostics, Food & Beverages, Environmental Monitoring, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global biosensors market is projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.
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Biosensor is an analytical device that converts a biological response into an electrical signal. It usually consists of three elements such as biotransducer, biorecognition, and an electronic system that includes a signal amplifier, processor and display. Additionally, there are different types of biosensor have been constructed and developed for several applications includes piezoelectric sensors, electrochemical sensors, optical sensors, and many others.
Biosensors play a major role in food analysis, drug development, crime detection, agricultural, medical diagnosis, environmental field monitoring, industrial process control and manufacturing of pharmaceuticals and replacement of organs. Furthermore, the increasing use of biosensor from end-user industries across the globe drives the growth of the market. Moreover, the growth of the market is further attributed owing to the continuous technological advancements in the biosensors ecosystem and widening the application of wearable biosensors in the medical field.
Furthermore, increasing demand for cost-effective, easy-to-use, sensitive and highly accurate detection devices is escalating the growth of the market. However, the high cost required for research and development is expected to hamper the growth of the biosensors market. Furthermore, investments from major IT vendors such as Infosys, IBM, and TCS is likely to have a positive impact on the biosensors market.
The U.S. is a Major Contributor in the North American Biosensors Industry
Among the regions, North America is expected to hold maximum market share and will maintain its leading position throughout the forecast period. The U.S. is a major contributor in the North American biosensors industry. The increasing incidences of chronic disorders such as diabetes, cancer, and many others, and high investment in the research and development activities are some factors responsible for the growth of North America biosensors market. On the other hand, Europe is accounted to hold the largest share in this market owing to the high adoption rate of advanced technology. Asia-Pacific is expected to be the fastest-growing region over the forecast period. The growth of this region is attributed owing to the rising demand for point-of-care and improving healthcare expenditure in the region.
The report on the global biosensors market covers segments such as type, product, technology, and application. On the basis of type, the sub-markets include sensor patch and an embedded devices. On the basis of product, the sub-markets include wearable, and nonwearable. On the basis of technology, the sub-markets include electrochemical, optical, and other technologies. On the basis of application, the sub-markets include POC, home diagnostics, food & beverages, environmental monitoring, and other applications.
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The report provides profiles of the companies in the market such as Biosensors International Group, Biacore, Sysmex Corporation, DuPont de Nemours, Inc. Bio-Rad Laboratories, Bayer Healthcare, LifeScan, Inc., Siemens AG, Universal Biosensors, Medtronic plc, and F. Hoffmann-La Roche AG.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the biosensors.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.