Global Biosensors Market is
expected to reach USD 21.17 billion by 2020, according to a new study published
by Grand View Research, Inc. Biosensors, owing to their capability to resolve
various analytical issues in diverse areas such as medicine, pharmacology, food
& agriculture safety and defense, are expected to witness a rapid growth in
demand over the next six years. Increasing demand for specific detection
techniques for early diagnosis in the healthcare sector is expected to drive
the overall biosensors market during the forecast period. Furthermore, the
expanding role of biosensors in the real world environment has led to a hike in
R&D efforts globally.
In depth research report on Biosensors Market
Further key findings from the study suggest:
·
Optical biosensors are
identified as the most lucrative technology segment of this market and are
expected to grow at a CAGR of over 7.0% during the forecast period. Growing use
of these sensors in the field of environmental scanning is one of the key
drivers of this market. The recent progress in optical biosensors has made them
apt for environmental scanning wherein they are used for quantifying and
characterizing environmental pollutants.
·
Biosensors are mostly used in
devices enabled with point of care testing. The biosensors based point of care
testing segment accounted for over 40% of the end-use market in 2013. Moreover,
rising demand for portable and integrated technologies that can be operated by
untrained personnel outside conventional laboratories is expected to improve
usage rates.
·
North America accounted for
more than 35% of the market in 2013. Biosensors witness the highest market
penetration rates in this region owing to the presence of high procedure
volumes supported by favorable government initiatives. Moreover, rapidly
growing demand for point of care and home healthcare markets in the U.S. is
expected to drive regional market growth during the forecast period.
·
Asia Pacific has high future
growth potential owing to the presence of large untapped opportunities in the
emerging markets of India and China. Presence of favorable government
initiatives aimed at improving environmental conditions and enhancing
healthcare infrastructure in Japan and Australia are also expected to serve as
a high impact rendering driver for this market.
·
Key players of this market
include Abbott Point of Care Inc., Roche, Lifescan Inc., Bayer AG, Medtronic
Inc., Universal Biosensors, Siemens Healthcare and Nova Biomedical Corporation.
For the purpose of this study,
Grand View Research has segmented the global biosensors market on the basis of
application, technology and end-use:
Global Biosensors Application Outlook (Market Revenue in
USD Million, 2012 – 2020)
·
Medical Applications
·
Cholesterol Testing
·
Blood Glucose Monitoring
·
Blood Gas Analyzer
·
Pregnancy Testing
·
Drug Discovery
·
Infectious Diseases
·
Food Toxicity Detection
·
Industrial Process Control
(Bioreactor)
·
Agriculture
·
Environment
·
Others
Global Biosensors Technology Outlook (Market Revenue in
USD Million, 2012 – 2020)
·
Thermal Biosensors
·
Electrochemical Biosensors
·
Piezoelectric Biosensors
·
Optical Biosensors
Global Biosensors End-use Outlook (Market Revenue in USD
Million, 2012 – 2020)
·
Home Healthcare Diagnostics
·
Point of Care Testing
·
Food Industry
·
Research Laboratories
·
Security and Bio-Defense
Biosensors Regional Outlook (Market Revenue in USD
Million, 2012 – 2020)
·
North America
·
U.S.
·
Canada
·
Europe
·
UK
·
Spain
·
Germany
·
Asia Pacific
·
India
·
China
·
Japan
·
RoW
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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