Glucose Biosensors Market is Expected to Rise at a Remarkable CAGR During 2015 to 2021
Deerfield Beach, FL -- (SBWIRE) -- 02/09/2017 -- Biological sensor also called as biosensor device made up of a transducer and biological element, nucleic acid, and antibody or an enzyme. Its biological element acts as a sensor and electrical component is used to detect and transmit the signal. Glucose biosensors transform a biological response into electrical signal and aid in measuring a wide spectrum of analysts together with, bacteria, gases, organic compounds and others. Monitoring blood glucose has been recognized as a helpful tool in managing diabetes. Depending on application, biosensors are recognized as biochips, resonant mirrors, biocomputers, optrodes, glucometers, immunosensors, and chemical canaries.
Diabetes and appropriate glucose biosensors help to maintain blood glucose level which is crucial for the patients' distress. As a result, portable forms of self examining glucose biosensors are experiencing high demand. Glucose sensors are referred as small and simply all-encompassing devices that compute glucose levels. The demand for glucose biosensor is rising due to escalating incidences of diabetes worldwide which in turn drives the market growth. Additionally, point of care diagnostics and home care diagnostics further fuel the market of glucose biosensor. Conversely, high rate for the treatment and time-consuming rate for commercialization are the restrain for glucose biosensors market. Technological advancements lead to development of cost effective and smallest and non-interfering glucose biosensors. Several companies, players are concerned in extensive R&D initiatives to build cost-effective, less painful, trustworthy, and more precise products.
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The report provides a comprehensive view on the glucose biosensors market we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the glucose biosensors market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate and general attractiveness. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period.
The glucose biosensors market is segmented on the basis of type, applications, end use, regions. Electrochemical, optical, thermal, and piezoelectric and others are the types of glucose biosensors. The electrochemical biosensors are broadly used, in the medical diagnostic glucose monitoring systems. Some major applications of glucose biosensors market are, home diagnostics, point-of-care research labs, environmental monitoring, food industries and biodefense. Several end user segment of glucose biosensors market include homecare diagnostics, hospitals, research institutes, diagnostic laboratories and clinical.
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Geographically, glucose biosensors market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Increasing victims of diabetes worldwide is the key factor accelerating market growth. Diabetes is probable one of the leading causes of death in the U.S. North America is foremost in the market and is also expected to grow at significant rate during the estimate period. Asia Pacific is also anticipated to exhibit strong growth over the predicted period.
Some of the key participants in the biosensors market are LifeScan, Abbott, Roche, Animas Corporation, Siemens Healthcare Diagnostics, AgaMatrix, Hoffman-La Roche and M-Biotech Limited, Bayer and Nova Biomedical Corp.
The report segments of glucose biosensors market are as follow:
Glucose Biosensors Market: Type Segment Analysis
Glucose Biosensors Market: Application Segment Analysis
Point-of-care research labs
Glucose Biosensors Market: End user Segment Analysis
Glucose Biosensors Market: Regional Segment Analysis
Middle East & Africa
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