The latest market intelligence report, titled ‘Global Biosensors Market’, is intended to provide the target audience with the necessary information about the global Biosensors Market industry. The report comprises a detailed analysis of the vital elements of the Biosensors Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Biosensors Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.
The market for biosensors was valued at USD 25.5 billion in 2021 and is anticipated to grow at a rate of revenue CAGR of 8.0% over the following five years. The use of biosensors in the healthcare and agricultural sectors is expanding, and nanotechnology-based biosensors are starting to appear. These developments are expected to support market revenue growth between 2021 and 2030. Additionally, the increasing acceptance of biosensors by diabetics for glucose monitoring and the rising prevalence of chronic diseases such as diabetes, cardiovascular disease, and others worldwide are factors driving the market's revenue growth. The monitoring of blood glucose levels in patients, particularly older persons, has been made easier thanks to significant improvements in biosensor technology, which has aided in the management of diabetes mellitus.
Point of Care (POC) glucose testing and non-invasive glucose monitoring devices are two additional advantages of biosensors that are anticipated to boost market expansion over the course of the projected period. In-vitro diagnostic (IVD) devices based on biosensors are quickly becoming into good alternatives to traditional diagnostic tools because of the many benefits they provide. Biosensors are also utilised in maternity and reproductive tests. This method, compared to traditional detection techniques in medicine, provides a significant advantage for early diagnosis, allows for accurate screening of the intended population, and also allows for evaluating the effectiveness of a particular therapy.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Biosensors market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report:
Abbott, Medtronic, Bio-Rad Laboratories, Inc., Cytiva, LifeScan IP Holdings, LLC, Nova Biomedical, Universal Biosensors, AgaMatrix, PHC Holdings Corporation, ACON Laboratories, Inc
Segments Covered in this report are:
-
Product Outlook (Revenue, USD Billion; 2019–2030)
- Wearable
- Non-wearable
-
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Electrochemical
- Optical
- Piezoelectric
- Thermal
- Nanomechanical
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Application Outlook (Revenue, USD Billion; 2019–2030)
- Healthcare
- Agriculture
- Bioreactor
- Food Toxicity
- Others
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The all-inclusive report on the Global Biosensors Market added by Emergen Research demonstrates that the global Biosensors market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the Biosensors market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Regional Landscape section of the Biosensors report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Objectives of the Report:
Study of the global Biosensors market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Biosensors market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Biosensors market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Biosensors market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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