Electrochemical Biosensors Market Is Growing at Rapid Pace and Is Expected to Grow at the CAGR of 9.7% by 2022
It has been noted that global electrochemical biosensors market is growing at rapid pace and is expected to grow at the CAGR of 9.7%. The growth of the market is likely to driven by increasing diabetic population, rising prevalence of chronic and lifestyle induced disease, increasing demand for POCT, increasing application of biosensors in various industries. However, factors such as strict regulatory requirements, reimbursement policies issues in healthcare systems are further hampering the market.
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