30 April 2020
Visiongain has launched a new pharma report Biosensors Market Report 2020-2030: Forecasts by Technology (Thermal, Electrochemical, Optical, Piezoelectric, Application (Medical (Cholesterol, Blood Gas Analyzer, Drug Discovery, Blood Glucose, Pregnancy Testing, Infectious Disease), Food Toxicity, Bioreactor, Agriculture, Environment, Others), End Use (Home Healthcare Diagnostics, PoC Testing, Food Industry, Research Laboratories, Security and Bio-defense), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global biosensors market is anticipated to grow at a lucrative CAGR of xyz% and anticipated to reach USD xyz billion by 2020. Visiongain anticipates that the global biosensors market will grow on account of the emergence of nanotechnology-based biosensors coupled with growing technological advancements in recent years.
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Also, the global market for biosensors will see lucrative growth rates due to the growing applications of biosensors in the medical field. For example, wearable biosensors are of significant interest due to their ability to provide continuous, real-time physiological details by complex, non-invasive measurements of biochemical markers in biofluids such as blood, tears, saliva, and interstitial fluid. The latest innovations have centered on electrochemical and optical biosensors, along with improvements in the non-invasive detection of biomarkers, including metabolites, bacteria, and hormones.
The food producers across the globe are progressively demanding effective quality control methods to meet consumer & regulatory requirements to improve the feasibility of production, quality, automation, & cost and time reduction in production. In general, chemical and microbiological analyzes are performed periodically in the food and agricultural industries by trained operators, which are expensive and require extraction or sample pretreatment steps, thus increasing the analysis time. Biosensor technology can overcome all the inconveniences and offer affordable and fast quality control methods. Considering all these aspects biosensors are anticipated to play a vital role in industrial growth over the forecast period.
North America held the largest market share in the year 2019 owing to the growing prevalence of chronic diseases coupled with a growing preference for wearable biosensors. Also, the market will continue to be driven by the existence of the target population and increased R&D investment by important business organizations. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to the growing presence of target patient pool in markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost the Biosensors Market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global biosensors market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the Biosensors Market.
The comprehensive market report features companies such as AZUR Environmental, Abbott Laboratories, Biosensor BV, Bayer AG, Cranfield Biotechnology Centre, DuPont Biosensor Materials, EG & IC Sensors Inc., Ercon, Inc., Innovative Biosensors Inc., Johnson & Johnson, LifeScan, Inc., Molecular Devices Corp., Pinnacle Technologies Inc., Sysmex Corporation, QTL Biosystems, Roche Diagnostics among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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