Deerfield Beach, FL -- (SBWIRE) -- 04/13/2017 -- Latest industry research report on Biosensors Market. Biosensors are analytical devices which are used for acquiring analytical information using biological samples. Biosensors consist of a biological recognition unit and transducer. The biological recognition unit interacts with bio-elements such as enzymes and antibodies, whilst the transducer changes the property of bio-elements into an electrical signal.

Biosensors are applied in diverse fields such as Medicine, food toxicity detection, Agriculture and Biodefense. Biosensors are available at low-cost, render quick results, are easy to operate, and are portable. This has led to the rapid adoption of Biosensors in various fields like medicine, agriculture and environment monitoring.

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The increase in demand of point-of-care diagnostics, growing prevalence of diabetes and increasing geriatric populations, are the key factors, which would drive the growth of global biosensors market, during the analysis period.

The advancement in the field of nanotechnology, has facilitated the innovation of advanced products like noninvasive biosensors in the market. This has created numerous opportunities for new as well as existing players in the market. Factors restraining the market growth are stringent regulatory environment, safety concerns regarding biosensors used in research laboratories, point of care testing, home healthcare diagnosis and bio-defense.

For instance, in 2014, Universal Biosensors collaborated with Siemens. This collaboration enabled the companies to launch the product Xprecia Stride, which is a Coagulation Analyzer for the point-of-care diagnostics.

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The companies profiled in this report are Abbott Laboratories, LifeScan, Siemens Healthcare, AgaMatrix, Nova Biomedical Corporation, Bayer, Johnson and Johnson, Medtronic, Hoffmann-La Roche and Animas Corporation.

The Global Biosensors Market is segmented as below:

Biosensors Market By Technology

Electrochemical Biosensors
Optical Sensors
Thermal Biosensors
Piezoelectric Sensors
Others(Field Effect Transistor)

Biosensors Market By Application

Medical
Food Toxicity Detection
Agriculture
Industrial Process Control
Environmental Monitoring
Others (Defense, drug abuse prevention)

Biosensors Market By Product Type

Wearable Biosensors
Eye wear
Wrist Wear
Body Wear
Foot Wear
Neck Wear
Others(Biosensor rings)
Non Wearable Biosensors

Biosensors Market By Geography

North America
Europe
Asia Pacific
LAMEA

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