Biosensors Market Key Developments Trends, Analysis and Forecasts to 2030

 Market Insights 

Market Research Future has released its extensive report on the global biosensor market size which reveals a CAGR of 9.6% during the assessment period of 2022 to 2027. Biosensors are a rapidly growing technology due to their wide range of applications in healthcare, military, veterinary sciences, agriculture and environmental monitoring. 

The increasing adoptions of advanced technology in healthcare is one of the most significant factors encouraging the global biosensor markets growth. A rising geriatric population and the high requirement for health monitoring devices is expected to propel market demand. Growing use of point-of-care testing (POCT) is another key factor driving the demand for biosensors as they are vital in furthering this type of healthcare facility. Globally, lifestyles have changed due to urbanizations and the resulting adoption of bad lifestyle habits which have led to increasing diagnoses of lifestyle-related chronic diseases such as diabetes. The need for consistent monitoring of such conditions is expected to drive demand for biosensors. Ongoing R&D investments are expected to assist in perfecting the technology and increasing reliability, which will lead the market toward expansion opportunities.

Key Players

The global competitive landscape of the biosensor market includes several leading key players who have been recorded in MRFR's report. These players include LifeSensors Inc., TiaDoc Technology Corporation, Johnson & Johnson, Nova Biomedical Corporation, I-SENCE Inc., Bayer Healthcare, F. Hoffmann-La Roche Ltd., Medtronic, Inc., Siemens Healthcare, and Abbott Laboratories Inc.

Market Segmentation

The segmental analysis of the global biosensor market in MRFR's report on the subject has been performed on the basis of technology, end-user, application, and region. Based on technology, the market is segmented into piezoelectric biosensors, thermal biosensors, electrochemical biosensors, optical biosensors, and others. The electrochemical biosensor market represents the largest share of the biosensor market. 

On the basis of end-user, the market is segmented to represent home diagnostics, the point of care, research laboratories, food industry, biodefence & security, and others. The security & biodefense segment is the most significant segment in the biosensors market due to increasing biological threats and the need to protect against them.

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

Global segmentation of the biosensor market divides it into North America, Europe, Asia-Pacific, and the Rest of the World.

Regional Analysis

North America accounts for the largest share of the global market and is led by the U.S which is the most prominent country in the region. The region is technologically advanced and has a high adoption rate with regards to advancing healthcare technologies. The presence of several leading market players and a growing diabetic population is expected to increase the demand for biosensors. Europe, another significant market has a similar growth pattern to that of North America and includes the presence of a large geriatric population which is driving the regional market. 

Meanwhile, the Asia-Pacific is set to grow at the highest CAGR due to the potential the region exhibits. The region has a high number of emerging markets and an increasing focus on the provision of high-quality healthcare. Biosensor technology is witnessing a gradual increase in demand. This is expected to pick up the pace in the coming years and translate into exponential growth for APAC.

About US:

Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York,

New York 10013

Comments

Post a Comment

Popular posts from this blog

Sinus Dilation Devices Market Sparkling Key Players Shares, Revenue, Analysis and Forecasts to 2030

  Market Highlights Sinus is also called as chronic rhinosinusitis; it is a condition in which cavities around nasal known as (sinuses) get inflamed and swollen for weeks. The people suffering from sinus may have symptoms such as nasal block, tenderness, swelling of the face, sore throat, nausea, fatigue or irritability, and pain in jaw and teeth. The balloon sinus dilation Market is expected to witness tremendous growth owing to the rising demand for balloon sinuplasty or sinus dilation compare to conventional sinus surgeries, rising cases of bacterial infection and increasing adoption of sinus dilation devices for sinusitis. The  sinus dilation devices market size  was estimated at USD 3,326 million in 2016 and expected to reach USD 5,778 million by 2030 at a CAGR of 8.1% from 2022 to 2030. However, factors such as risks associated with the sinus surgery, low adoption of new advance devices related to sinus treatment may hinder the market growth during the forecast peri...
Read more

Breathing Disorders Treatment Market Sparkling Key Players Shares, Revenue, Analysis and Forecasts to 2030

  Breathing Disorders Treatment Market Highlights: The breathing disorders treatment market is growing pervasively over the past few years. The market is getting a boost from the rising prevalence of various diseases & disorders related to respiratory tracts, such as COPD, asthma, allergic rhinitis, pulmonary hypertension, cystic fibrosis, IPF, and others. Moreover, increasing occurrences of lung diseases alongside the increasing geriatric population accelerates the market on a global level. According to Market Research Future (MRFR), a leading research firm, the global  Breathing Disorders Treatment Market Size  may experience impressive growth by 2030. MRFR, in its recent study report, also asserts that the market would register a 7.5% CAGR during the review period (2023 – 2030). Augmenting demand for minimally invasive procedures for diagnosing & treatment supports the market growth. Recent technological advancements are fostering market growth, offering phenom...
Read more

Blood Glucose Monitoring Market Key Factor, Major Region Analysis and Forecasts Till 2030

  Blood Glucose Monitoring Market Overview: A healthy body stays healthy due to all kinds of enzymes in the body being in proper balance. Excess of an enzyme can disturb balance while deficiency of another one can have the same effect. People who are suffering from genetic ailments like diabetes are more prone to such problems. Therefore, monitoring things like glucose in the blood is necessary for such people, and this is the reason for the global blood glucose monitoring market to take shape and grow. Blood glucose monitoring helps to recognize the glucose level of blood within the specified target range. The devices facilitating this monitoring provide useful insight to manage diabetes. These insights help to track the progress of treatment goal and observe the effect of medication on blood sugar level and understand how the ailment affects glucose level in blood. Market Research Future (MRFR) has published a research report about the global blood glucose monitoring market that ...
Read more