Market Synopsis of Biosensor Market:
Biosensor industry is expected to grow at a CAGR of 9.6% from 2014 to 2020. Over the past few years nanotechnology has becoming increasingly essential in the field of biosensors. The performance and sensitivity of biosensors is incredibly enhanced with the combination of nanomaterials into their construction. The biosensors works on various technologies which include biosensors, optical biosensors, thermal biosensors and piezoelectric biosensors. This report by MRFR majorly focuses on the biosensors which holds the largest market share among all others biosensor technologies. The biosensors plays a major role in the field of healthcare which include applications such as diagnosis, patient monitoring and many others. The end user such as point of care testing, diagnostics centers, research laboratories and various others influence the growth of the market.
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Global biosensors by applications is segmented into diagnosis, patient monitoring and others. Diagnosis segment accounted for the largest market by application. The major factor that influence the growth of the market are the need for analyses in the clinical area with reliable analytical methods and devices. Moreover biosensors offers various benefits over traditional diagnostic methods which include ease of use, quick results and accurate results, continuous monitoring with its portability. Moreover biosensors displays sensitivity, selectivity, and potential for application on real samples which is further influencing the growth of the market.
Some of the key players in this market are: Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Bayer Healthcare, Johnson & Johnson, Medtronic, Inc., and Siemens Healthcare, Nova Biomedical Corporation, LifeSensors Inc., TiaDoc Technology Corporation, I-SENCE Inc.
Biosensor market has been segmented on the basis of technology which comprises of electrochemical biosensors, optical biosensors, thermal biosensors, piezoelectric biosensors and others. On the basis of end user, the market is segmented into point of care, home diagnostics, research laboratories, food industry, security and biodefense and others. On the basis of application, the market is segmented into medical testing, food toxicity, industrial process, environmental market, agricultural testing and others.
The Global biosensors market, on the basis of regions is divided into North America, Europe, Asia Pacific and Middle East and Africa. North America is expected to command the largest market share due to advanced technologies continuously on rise in these countries. Europe accounts for the second largest. Asia Pacific with lots of opportunity and continuously growing economies, is expected to be the fastest growing segment. Majorly due to recent developments in healthcare and improving economies and disposable income per individual. Middle East and Africa with less economic developments and extremely low income accounts for least market share in 2015 but is expected to grow with the increasing investment in research and development in the countries.
The North America Biosensor market is majorly divided in two countries which include U.S and Canada. In North America, biosensor market is driven due to increasing health awareness, rising chronic and lifestyle diseases, technological developments in healthcare applications, and appropriate insurance coverage.
Usage of biosensor technology in North America is high compared to other regions of the world due to technological advancements and broader application areas in different industries. Since, the healthcare expenditure is high in North America, biosensor devices are used extensively for accurate, reliable and quick results for early detection and prevention of diseases.
TOC of Biosensor Market:
1. Report Prologue
2. EXECUTIVE SUMMARY
3. MARKET OUTLOOK
4. GLOBAL MARKET SIZE AND FORECASTS
5. GLOBAL MARKET BREAKDOWN BY TECHNOLOGY
6 GLOBAL MARKET BREAKDOWN BY END USER
7 GLOBAL MARKET BREAKDOWN BY APPLICATION
8 GLOBAL MARKET BREAKDOWN BY REGION
9 COMPETITIVE ANALYSIS AND MARKET SHARE
10 COMPANY PROFILES
Key Questions Answered In This Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
List of Tables:
TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION 14
TABLE 2 GLOBAL BIOSENSORMARKET SNAPSHOT(2014AND 2020) 16
TABLE 3 VARIOUS BIOSENSORS PRODUCT LAUNCHED BY COMPANIES 18
TABLE 4 DRIVERS FOR THE MARKET: IMPACT ANALYSIS 24
TABLE 5 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS 26
TABLE 6 GLOBAL MARKET BREAKDOWN BY TECHNOLOGY, $M (2011 – 2014) 27
TABLE 7 GLOBAL MARKET BREAKDOWN BY TECHNOLOGY, $M (2015 – 2020) 28
TABLE 8 GLOBAL MARKET BREAKDOWN BY END USER, $M (2011 – 2014) 29
TABLE 9 GLOBAL MARKET BREAKDOWN BY END USER, $M (2015 – 2020) 29
TABLE 10 GLOBAL MARKET BREAKDOWN BY APPLICATION, $M (2011 – 2014) 30
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List of Figures:
FIG 1 PRINCIPLE OF BIOSENSORS 17
FIG 2 AGING POPULATION IN MAJOR REGIONS, IN % (2000 – 2050) 20
FIG 3 NUMBER OF PEOPLE SUFFERING FROM DIABETES AGED 20-79 YEARS, 2013 AND 2035 21
FIG 4 PREVALENCE OF OVERWEIGHT MEN AGED 30 AND ABOVE, IN % (2005AND 2015 ) 22
FIG 5 PREVALENCE OF OVERWEIGHT WOMEN AGED 30 AND ABOVE, IN % (2005AND 2015 ) 22
FIG 6 GLOBAL BIOSENSOR MARKET SHARE BY TECHNOLOGY (2014) 27
FIG 7 GLOBAL BIOSENSORS MARKET SHARE BY END USER (2014) 28
FIG 8 GLOBAL BIOSENSORS MARKET SHARE BY APPLICATION (2014) 30
FIG 9 GLOBAL BIOSENSORS MARKET SHARE BY REGION (2014) 31
FIG 10 GLOBAL ELECTROCHEMICAL BIOSENSORS MARKET SHARE BY REGION (2014) 33
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