The Global Biochemical Sensors Market size is predicted to reach $46 billion by 2030, growing at a CAGR of 6.8% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Emerging applications for biomedical sensors in the field of nanotechnology and continual innovations leading to the development of innovative non-invasive sensor-based medical applications are poised to propel the market growth, finds IndustryARC in its recent report, titled “Biochemical Sensors Market Size, Share & Trends Analysis Report By Product Type (Whole-Cell Biosensor, Enzyme Biosensor, DNA Based Biosensor, Surface Plasmon Resonance Biosensor, Immuno Biosensor, Others), By Detection Method (Electrochemical, Amperometric, Potentiometric, Conduct Metric, Thermometric, Piezoelectric, Optical, Others), By Sensing Parameters (Heat, Light, Mass, Refractive Index, Chemical Change, Electrical Change, Others), By Application (Diagnostics, Contamination Check, TIC, Quality Check, Security Screening, Forensic Examination, Others), By End User ( Healthcare, Chemical, Pharmaceutical, Food and Beverage, Water and Wastewater, Defense and Law Enforcement, Environmental Monitoring), By Region and Segment Forecasts, 2024–2030”.


North America to Register Highest Growth:

Biochemical Sensors Market 2024-2030: Scope of the report
 

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.8%

Market Size in 2030

$46 billion

Segments Covered

Product Type, Detection Method, Sensing Parameters, Application, End User and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. GE Healthcare

  2. Medtronic PLC

  3. Bio-Rad Laboratories, Inc.

  4. Honeywell International Inc.

  5. STMicroelectronics N.V.

  6. First Sensor AG

  7. Smith’s Medicals

  8. NXP Semiconductor

  9. Danaher Corporation

  10. Nova Biomedical



Biochemical Sensors Market Report – Key Takeaways:

Environmental monitoring and pollution control

With increasing environmental concerns, there is a growing need for monitoring and controlling pollution levels in air, water and soil. Biochemical sensors can detect and quantify various pollutants, toxins and chemicals, contributing to environmental monitoring efforts. The need for sustainable practices and environmental preservation drives the demand for biochemical sensors in pollution control and monitoring applications.

Agriculture and Agri-Tech opens up opportunities in market growth

In agriculture, biochemical sensors can be used for soil analysis, crop health monitoring, and precision farming. These sensors enable farmers to optimize resource utilization, detect nutrient deficiencies, monitor water quality, and assess plant diseases. With the growing need for sustainable and efficient farming practices, the adoption of biochemical sensors in agriculture is likely to expand. In India, the agri-tech sector is valued at $204 million and comprises 1% of the entire agricultural industry. It is expected to hit the $24.1 billion mark by 2025.


Key Opportunity Analysis: 

Research and Development activities

Biochemical sensors are essential tools in scientific research and development across various fields, including pharmaceuticals, biotechnology and life sciences. Researchers rely on biochemical sensors to analyze biological processes, study biomarkers and develop new drugs and therapies. The continuous advancement of scientific research and development activities contributes to the growth of biochemical sensors market. In 2023, Biosensors International built a global R&D centre that provides round the clock research and development services, with innovation centres in Shanghai, Singapore, California, and Europe, in order to transform the company into a vital player over the next 3 years. 

Adoption of wearable biochemical sensors in bio surveillance and defense

The adoption of wearable biochemical sensors in bio-surveillance and defense applications holds significant promise and potential for enhancing public health, military preparedness, and response to biological threats. These wearable sensors leverage biochemical detection technologies to monitor and detect various biomarkers and pathogens in real-time, providing valuable insights and early warning capabilities.

Point-of-Care and home testing gives opportunities for growth

Biochemical sensors are being developed for use in portable, handheld devices that allow individuals to perform diagnostic tests at home or healthcare professionals to conduct tests at the point of care. The demand for point-of-care and home testing solutions is increasing, driven by the need for convenience, rapid results and reduced healthcare costs. This trend is particularly evident in the monitoring of chronic diseases such as diabetes and cardiovascular disorders. In August 2022, NanoDx Inc., a developer of innovative medical diagnostic solutions, and SkyWater Technology announced the first commercially available protein-responsive nano biosensor.

If you have any questions, please feel free to contact our experts at: https://www.industryarc.com/reports/request-quote?id=18400

The Report also Covers the Following Areas:

Biochemical Sensors Market Size and Forecast 
Biochemical Sensors Market Trends
Biochemical Sensors Market Analysis by Product Type

Biochemical Sensors Market 2024-2030: Key Highlights

CAGR of the market during the forecast period 2024-2030.
Value Chain analysis of key stake holders.
Detailed analysis of market drivers and opportunities during the forecast period.
Biochemical Sensors Market size estimation and forecast.
Analysis and predictions on end users’ behavior and upcoming trends.
Competitive landscape and Vendor market analysis including offerings, developments, and financials.
Comprehensive analysis of challenges and constraints in the Biochemical Sensors Market.

Covid and Ukrainian Crisis Impact:

The pandemic led to a significant surge in the demand for diagnostic testing, including the detection of viruses, antibodies, and other biomarkers related to COVID-19. Biochemical sensors were among the technologies explored and utilized in the development of rapid antigen tests, serological tests, and biosensors for detecting the SARS-CoV-2 virus. These sensors played a crucial role in facilitating rapid and accurate testing, driving the demand for these sensors in the healthcare sector.
Due to the Russia-Ukraine war the regional market dynamics got affected and both the countries have significant potential as markets for biochemical sensors, particularly in healthcare and industrial sectors. If the conflict leads to economic downturns, changes in government policies, or trade disruptions, it could impact the demand and adoption of biochemical sensors in these markets.

To Get a Customized Industry Analysis, Speak with our Research Analyst: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
 
List of Key Market Players in Biochemical Sensors Market:

The Global Biochemical Sensors Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

GE Healthcare
Medtronic PLC
Bio-Rad Laboratories, Inc.
Honeywell International Inc.
STMicroelectronics N.V.
First Sensor AG
Smith’s Medicals
NXP Semiconductor
Danaher Corporation
Nova Biomedical
 
Related Reports:

Industrial Flooring Market – Industrial Flooring market is projected to grow at a CAGR of 5.5% from 2023 to 2030, owing to a rise in construction projects, expansion of oil and gas activities in Asia pacific and North America, and rising industrialization. 
Flooring Market – The Flooring market is projected to grow at a CAGR of 6.1% during the forecast period from 2023 to 2030. The growth of the flooring market is mainly attributed to its wide-ranging applications across various residential and construction sectors. Growing demand for flooring material in the rising residential sector is anticipated to drive the growth of the market.
Construction Flooring Chemicals Market – The Construction Flooring Chemicals Market size is growing at a CAGR of 4.2% during the forecast period. It is due to the increasing growth of millennials and nuclear families as well as a rise in their disposable income towards capability in purchasing residential apartments in emerging markets is expected to promote the usage of such Construction flooring chemicals. 
Resilient Flooring Market – The Resilient Flooring Market is growing at a CAGR of 6.5% during the forecast period. It is due to the rise in construction activities resulting from rapid industrialization and urbanization. Renovation and remodelling incidences are also fuelling the market growth during the forecast period. 
 
About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.  

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727
Follow us on: LinkedIn | Facebook | Twitter