Smart Biosensors Market (Product Type - Wearable Biosensors, and Non-wearable Biosensors; Technology - Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nano Mechanical Biosensors, Thermal Biosensors, and Other Technologies; Application - Blood Glucose Testing, Pregnancy Testing, Cholesterol Testing, Drug Discovery, Blood Gas Analysis, Infectious Disease Testing, and Other Applications; End User - Home Diagnostics, Environmental Monitoring, Research Labs, Point-of-care, Security and Biodefense, Food and Beverage Industry, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : September, 2019

  • Rep Id : HC0667

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the smart biosensors market provides an in-depth analysis of segments and sub-segments in the global as well as regional smart biosensors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional smart 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 smart biosensors market. According to the report, the global smart biosensors market is projected to grow at a CAGR of 7.8% over the forecast period of 2019-2025.

 

Market Insight

Smart biosensors are the advance version of the biosensor and provide more accurate analytical signals as compared to signal provided by normal biosensors. These smart biosensors use more highly selective and sensitive methods to provide more accurate analytical signals for precise observation. The growing automation in different industries such as food and beverage, medical, clinical biochemistry, analytical chemistry, and environmental science research the industry is providing the growing demand for the smart biosensors market.

 

The growing demand for the fast and precise analysis of the different types of food products to identify the microorganism, chemical residue and others are helping to grow the demand for smart biosensors in the food industry. Furthermore, the growing demand for the advanced modern biosensor for a better analysis of the different types of chemicals in the environment is helping to catalyze the growth of this market. Moreover, innovations in the monitoring systems and surge in R&D spending are driving the demand of smart biosensors market. However, lack of infrastructure to support the smart biosensors in several industries owing to several factors as owners’ unwillingness to replace the conventional infrastructure, are affecting the growth of the market for the short term. The growing government focus to replace traditional infrastructure owing to several reasons as energy saving, environmental protection, and others are expected to boost the demand of the smart biosensor in the near future.

 

North America holds the largest share for the smart biosensors market, owing to the presence of a number of companies engaged in the manufacturing of the smart the biosensor in this region, who are intensively engaged in the development of the the new and advanced biosensor in this region. The Asia-Pacific region is growing with a healthy CAGR for the smart biosensors market owing to the growing demand for smart biosensors for several applications.

 

Segment Covered

The report on the global smart biosensors market covers segments such as product type, technology, application, and end user. On the basis of product type, the sub-markets include wearable biosensors, and non-wearable biosensors. On the basis of technology, the sub-markets include electrochemical biosensors, optical biosensors, piezoelectric biosensors, nano mechanical biosensors, thermal biosensors, and other technologies. On the basis of application, the sub-markets include blood glucose testing, pregnancy testing, cholesterol testing, drug discovery, blood gas analysis, infectious disease testing, and other applications. On the basis of end user, the sub-markets include home diagnostics, environmental monitoring, research labs, point-of-care, security and biodefense, food and beverage industry, and other end-users.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Abbott Point of Care Inc., Medtronic Inc., F. Hoffman La-Roche Ltd., Siemens Healthcare AG, Lifescan, Inc., LifeSensors Inc., Nova Biomedical Corp., Acon Laboratories Inc., Universal Biosensors, and Pharmaco-Kinesis Corporation.

 

Report Highlights:

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 the smart 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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