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Biosensors Market to Exhibit USD 33.85 Billion, 7.3% CAGR Till 2027 : Biosensors Market Trends– High Demand from Developing Nations.

Continuous technical developments in the environment of biosensors, increasing usage of biosensors for non-medical uses, lucrative growth in POC diagnostics, and increased demand for glucose monitoring systems are likely to drive the market development.


Vancouver, BC -- (SBWIRE) -- 01/20/2021 -- The increasing focus of the food industry on the identification of undesirable pollutants in food products, including pathogenic bacteria, biological toxins, food allergens, pesticides and antibiotic residues, increases the demand for biosensors to analyze the authenticity of the nutritional constituents of food products. Demand for biosensors is motivated by the rise in the number of diabetic patients, an increase in demand for miniature devices or diagnostic purposes, and rapid advancement in technology.

Key participants include Thermo-Fisher Scientific, Abbott Laboratories, Biosensors International, TE Connectivity Corporation, Molecular Devices Corp., Pinnacle Technology, Siemens Healthineers, Bio-Rad International, DowDuPont Inc., and Roche Diagnostics, among others.

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Biosensors Market Drivers

The global market for biosensors is expected to rise from USD 19.19 billion in 2019 to USD 33.85 million in 2027 at a CAGR of 7.3%. There are a wide range of applications for biosensors, from medical, food & beverage, healthcare, to agricultural and other industries.

For different control instruments, biosensors are used in cameras, pressure monitors, gyroscopes, accelerometers, optical and image monitors, microfluidics, temperature sensors, and flow meters. In addition, the adoption in the healthcare industry of artificial intelligence technology, IoT, and cloud-based computing, coupled with the continued development of the optical quantum market, favors customer growth.

Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
Home Healthcare Diagnostics
POC Testing
Food Industry
Research Laboratories
Security & Bio-Defense

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Food Toxicity

The North America dominated the market for Biosensors in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 38.7% of the market, followed by the Asia Pacific, which contains around 27.9% market in the year 2019

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 Biosensors Market: Regional Outlook

North America led the market in terms of sales, with a 38% share in 2019. Technology development involving the unveiling of miniaturized diagnostic devices that allow rapid, reliable and growing customer demand testing of EMR is driving market growth over the forecast period.

It is expected that Latin America and the Asia Pacific region will experience the highest growth rate in the forecast period. Significant factors driving market growth in the Asia Pacific and Latin America are the high unmet healthcare needs associated with disease prevention, such as diabetes and other communicable diseases, growing awareness among patients, and rapidly increasing medical costs in the region.

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Biosensors Market Segmentation & Impact Analysis

    4.1. Biosensors Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Growing applications of biosensors in the medical field

           Rising prevalence of diabetes globally

           Technological advancements

          4.2.3. Market restraints analysis

           Stringent regulatory scenario

           High cost of product development

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter's Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Biosensors Market By Technology Insights & Trends, Revenue (USD Million)

    5.1. Technology Dynamics & Market Share, 2019 & 2027

          5.1.1. Thermal

          5.1.2. Electrochemical

          5.1.3. Optical

          5.1.4. Others

Chapter 6. Biosensors Market By End-Use Insights & Trends Revenue (USD Million)

    6.1. End-Use Dynamics & Market Share, 2019 & 2027

          6.1.1. Home Healthcare Diagnostics

          6.1.2. POC Testing

          6.1.3. Food Industry

          6.1.4. Research Laboratories

          6.1.5. Security & Bio-Defense

To Be Continued…!

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