Nanosensors Market By Product Type (Mechanical, Biological and Chemical Nanosensors), By Application (Security, Surveillance and Military, Biomedical and Healthcare, Environmental Monitoring, Food Management and others) By End Users (Aerospace, Environmental Monitoring, Healthcare and others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Pune, India -- (SBWIRE) -- 06/13/2018 -- The Global Nanosensors Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of absorbable and non-absorbable sutures market for global, Europe, North America, Asia Pacific and South America.
The Global Nanosensors Market is expected to reach USD 15,434.96 Million by 2025, from USD 90.5 Million in 2017 growing at a CAGR of 90.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Nano sensors consist of nanomaterials or nano-chemicals used in monitoring moisture, temperature, and pressure. Nano sensors based devices are used in diagnostic machines. The main reason behind the use of nano-sensors in diagnostic kits is that nano-sensors even detect the minute change in the blood, urine sample or other samples. Nano-sensor devices detects the conditions in very early stage based on Nano sensors have wide mechanical, chemical and biological applications. Nanosensors have wide application in gas sensing technologies like RFID (Radio-frequency identification) systems have gas sensing capabilities. Zinc Oxide based nanosensors are used in modified electrodes and enzyme immobilization and biosensors performance. In Blood coagulation carbon nanotubes are used for detecting proteins, fibrinogen and coagulation factors.
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Major Market Drivers and Restraints:
- Government initiative towards the nano-sensors based devices.
- Advancement in technologies
- Rising geriatric population
- Increasing pollution and increasing concerns towards pollution
- Increase in research and development in the field of life sciences and pharmaceutical.
- It is cost effective method.
- Downward pricing pressure owing to its commodity nature
Key Developments in the Market:
- In January 2018, Omron Healthcare, Inc., launched the breakthrough technology personal heart health technology at the 2018 Consumer Electronics Show (CES). The company reveals about Omron HeartGuide which is a first wearable oscillometric wrist blood pressure monitor and Omron Blood Pressure Monitor + EKG which can be used as home device to measure blood pressure and EKG.
- In April 2017, Honeywell International LLC launched a new particle sensor designed for monitoring the air quality, particulate matters dust, soot and smoke.
- In December 2016, Nanowear, Inc received the FDA approval for transformative remote diagnostic monitoring device named as SimplECG which is used in cardiac monitoring. The device is easier and more patient-friendly.
Major Market Competitors/Players:
Some of the major players operating in the market are Linear Technologies, NXP Semiconductor, InvenSense, Knowles, Analog Devices, Texas Instruments, STMicroelectronics, Hitachi, Nanomix, Murata Manufacturing, Atmel, Banner Engineering, ams, Rockwell Automation, TOWA, and Panasonic among others.
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