Biosensors Market Leveraging Increment in Demand for POC Testing
Increasing awareness about healthy lifestyle has stimulated the demand for wearable biosensors that are meant to monitor the health parameters. This, along with increasing adoption of wearables amongst youth is propelling the biosensor market growth. This resonates the findings of a recent business intelligence study from IndustryARC, which evaluated the global biosensors market value at $19 billion as of 2018. And, the demand for biosensors is ballooning at an impressive compound annual growth rate (CAGR) of 9.6% during the forecast period of 2019 to 2025.
IndustryARC’s freshly complied business
intelligence report is titled “
Biosensors Market: By Product
(Wearable & Non-Wearable); By Technology (Electrochemical, Piezoelectric,
Optical, Thermal); By Application (Medical, Agriculture, Environment); By
End-User (Point-of-Care, Home Diagnostics) & Geography – Forecast (2019 -
2025).” The analyst highlights that even non-medical applications such as environmental
monitoring, biodefense, the agriculture, and food industry has started to adopt
the biosensors. Additionally, the advanced products are facilitated by the
advancement in nanotechnology such as noninvasive biosensors. The increase in
demand for POC diagnostics and increasing geriatric population are the key
factors driving the growth of the global biosensors market.
Market: Leading Segments
America contributed the largest revenue share in the global biosensors market as of 2018 at 43%. The United States has numerous opportunities in the biosensors marketplace and
will keep growing in the coming years.
according to the application analysis in the report, the home healthcare is the key segment of the biosensors market. The fastest growing segment is the home monitoring kits such as
glucose monitors that are used by diabetics. The MedTech companies are trying
to develop such kits that can be used anywhere. The application is expected to
grow at a healthy CAGR of 8.5% during the aforementioned forecast period.
Biosensors Market: Market Trends and Growth Drivers
The electrical biosensor methodologies are currently underpinning as they are easy-to-use devices for huge range of applications. Also, electrochemical methods are being widely used in label free assays of protein. This is a common trend that has affected the biosensors market.
this changing era, health concerns are also increasing owing to which people
are becoming more particular and focus more on personalized medication as they
tend to lessen the pressure of an individual. The personalized medicine is
targeting the preventive care as individualized as the disease.
Emerging of Vivo
Vivo biosensor is an amazing and powerful tool in biomedical research and medicine. Vivo biosensors are basically designed for a continuous and long-term monitoring in real biological systems of target based. This will lead to significant developments in the biosensor market.
Demand for POC Testing
The growing geriatric population is driving the point-of-care (POC) testing in the biosensor market rapidly. Due to increasing demand for personalized medicine the need for point of care is also increasing owing to the technological advancement.
Biosensors Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global biosensors market Biosensors International, DuPont Biosensors Materials, Ercon, Gwent Group, Abbott Laboratories, Bio-Rad International, Innovative Biosensors, Johnson & Johnson, Molecular Devices Corp, Pinnacle Technology, Siemens Healthcare, TE Connectivity Corporation, Thermo-Fisher Scientific, QTL Biosystems, Roche Diagnostics, and SDIX, LLC
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can you expect from the report?
The biosensors market is prepared with the main agenda to cover the following 20 points:
Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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