Global Biosensor Market grow at CAGR of 9.6% | Comprehensive Analysis Growth Factor Opportunities and Industry Segments Poised for Rapid Growth by 2023

“Global Biosensor Market”
Biosensor Market Information, by technology (electrochemical biosensors, optical biosensors, thermal biosensors, piezoelectric biosensors), by end user (point of care, home diagnostics, research laboratories, food industry, security and biodefense) by application (medical testing, food toxicity, industrial process, environmental market, agricultural testing, others) – Forecast to 2020

Global Biosensor Market growth 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.

Key Findings:

  • The key findings of the report “Global Industry Insight: Global Biosensor Market Development and Forecast to 2020” include:
  • Biosensor market expected to grow at CAGR of 9.6% during the period 2014-2020
  • Geographically, North America has the largest share in global biosensors market, while Asia-Pacific has emerged as the fastest growing region
  • Based on the technology, electrochemical biosensors has the largest market share in the biosensor market
  • Security and biodefense are the most popular end user in the biosensors market            

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global competitive landscape of the biosensor market includes several leading key players who have been recorded in MRFR’s report 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.

Latest Industry News

Profusa, a developer of connected tissue-implanted biosensors has successfully raised over USD 45 Mn in funding for its embeddable continuous biosensor dubbed the Profusa Lumee Oxygen Platform. Investors include Maxim Integrates, Bioventures Capital, and others.

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

Geographically, The Market, by region, has been segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific.

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Moreover, a number of CDx initiatives, research & development programs, product launch and diagnostic tools have emerged and lot many are still in the pipeline. The U.S. has gained significant pharmaceutical developments along with FDA approvals; patents and licensing that enable it to position itself in the global companion diagnostic market.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.


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