Biosensors Market to Surpass Valuation of US$ 48.49 Bn by 2031: Transparency Market Research

Biosensors Market: Introduction

Transparency Market Research delivers key insights on the global biosensors market. In terms of revenue, the global biosensors market is estimated to expand at a CAGR of 7.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global biosensors market.

The global biosensors market is broadly affected by several factors, including rising demand from the wearable healthcare devices.

Biosensors Market: Dynamics

A biosensor is an analytical device used for the detection of a chemical substance that integrates a biological component with a physicochemical detector. The sensitive biological element, e.g. tissue, microorganisms, organelles, cell receptors, enzymes, antibodies, nucleic acids, etc.

The global biosensors market is foreseen to achieve high demand during the forecast years, due to the increasing penetration of wearable biosensors devices. Wearable biosensors have the potential to change classical medical diagnostics and it offers continuous health monitoring, which gathers considerable attention. Wearable biosensors direct change centralized hospital-based care systems to home-based personal medicine, and it also lessens the cost and time for diagnosis. Nowadays, wearable biosensors are bringing about a wave of innovation to society.

Moreover, the wearable devices market offers high growth opportunities to the global biosensors market. Wearable health monitoring devices find lucrative opportunities for the constant monitoring of vital signs of patients, children, athletes or fitness buffs, and individuals and premature infants, in remote areas far from medical services. Thus, growing trends toward wearable health monitor devices is expected to fuel the biosensors market.

Biosensors Market: Prominent Regions

The biosensors market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and countries, such as the U.S. and Canada are offering ample and lucrative opportunities for manufacturers on a long-term basis, owing to rising healthcare sector in the region. North America held the highest share due to increasing government initiatives and growing count of research institutes.

The healthcare industry expansion coupled with the presence of a well-established supply chain network catering to a wide range of end users is expected to propel the demand for sensor signal conditioner (SSC) IC; consequently, driving the global biosensors market. The United States accounted for a prominent share, in terms of value, among all countries. The biosensors market in North America is expanding at the highest CAGR during the forecast period, owing to the presence of a large number of players manufacturing biosensors in the region.

Biosensors Market: Key Players

Key players operating in the global biosensors market are Abbott, ACON Laboratories, Inc., Biosensors International Group, Ltd., MediaTek Sensio, Dynamic Biosensors GmbH, Agilent Technologies, Inc., Nanowear, Inc., AerBetic, BioDot, SD Biosensor, Inc., and InterAx Biotech AG.

Global Biosensors Market: Segmentation

Biosensors Market, by Product Type

  • Wearable Biosensors
  • Non-wearable Biosensors

Biosensors Market, by Technology

  • Electrochemical Biosensors
  • Optical Biosensors
  • Piezoelectric Biosensors
  • Thermal Biosensors
  • Nanomechanical Biosensors

Biosensors Market, by Application

  • POC
  • Home Diagnostics
  • Research Labs
  • Environmental Monitoring
  • Drug Discovery
  • Others (Biodefense, Infectious Disease Testing, etc.)

Biosensors Market, by End-user

  • Healthcare
  • Food & Beverages
  • Others (Research Institutes, Security and Bio-defense, etc.)

Biosensors Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • North Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

About Electronics & Semiconductors Industry at Transparency Market Research

TMR’s reports on the electronics & semiconductors industry provides a lucid analysis on how IoT is driving innovations in the sector. Revolution in the telecommunication landscape mainly due to the development of 4G and 5G networks, which has deeply influenced the demand in the semiconductors industry is discussed in detail in our reports. The demand analysis of super semiconductors to support Industry 4.0 industrial processes is a highlight of our reports.

Reach out to know why we are the choice of world’s most trusted brands.

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

7 of 10 large enterprizes view our Report to take the right decision.

View Report