Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
biosensors market provides in-depth analysis of segments and sub-segments in
the global as well as regional biosensors market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
biosensors market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of the global
biosensors market. According to the report, the global biosensors market is
projected to grow at a CAGR of 7.9% over the forecast period of 2019-2025.
Biosensor is an analytical device that converts a biological
response into an electrical signal. It usually consists of three elements such
as biotransducer, biorecognition, and an electronic system that include a
signal amplifier, processor and display. Additionally, there are different
types of biosensor have been constructed and developed for several application
includes piezoelectric sensors, electrochemical sensors, optical sensors,
and many others.
Biosensors play a major role in the food analysis, drug
development, crime detection, agricultural, medical diagnosis, environmental
field monitoring, industrial process control and manufacturing of
pharmaceuticals and replacement of organs. Furthermore, the increasing use of
biosensor from end-user industries across the globe drives the growth of the
market. Moreover, the growth of the market is further attributed owing to the
continuous technological advancements in biosensors ecosystem and widening the
application of wearable biosensors in the medical field. Furthermore,
increasing demand for cost-effective, easy-to-use, sensitive and highly
accurate detection devices is escalating the growth of the market. However, the
high cost required for research and development is expected to hamper the
growth of the biosensors market. Furthermore, investments from major IT vendors such
as Infosys, IBM, and TCS is likely to have a positive impact on the biosensors
market.
Among the regions, North America is expected to hold maximum
market share and will maintain its leading position throughout the forecast
period. The U.S. is a major contributor in the North American biosensors
industry. The increasing incidences of chronic disorders such as diabetes,
cancer, and many others, and high investment in the research and development
activities are some factors responsible for the growth of North America
biosensors market. On the other hand, Europe is accounted to hold the largest share
in this market owing to the high adoption rate of advanced technology. Asia-Pacific
is expected to be the fastest-growing region over the forecast period. The growth
of this region is attributed owing to the rising demand for point-of-care and
improving healthcare expenditure in the region.
The report on global biosensors market covers segments such as
type, product, technology, and application. On the basis of type, the
sub-markets include sensor patch, and embedded device. On the basis of product,
the sub-markets include wearable, and nonwearable. On the basis of technology,
the sub-markets include electrochemical, optical, and other technologies. On
the basis of application, the sub-markets include POC, home diagnostics, food
& beverages, environmental monitoring, and other applications.
The report provides profiles of the companies in the market such
as Biosensors International Group, Biacore, Sysmex Corporation, DuPont de
Nemours, Inc. Bio-Rad Laboratories, Bayer Healthcare, LifeScan, Inc., Siemens
AG, Universal Biosensors, Medtronic plc, and F. Hoffmann-La Roche AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of biosensors market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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