Global Biosensors Market Size was estimated over USD 17.67 billion in 2017 and is expected to witness grow with CAGR of 7.65% from 2019-2025. It is expected to grow more likely due technological advancement in biosensor ecosystem, enlarging in the use of nonmedical applications, productive growth in POC diagnostics, and increasing demand for glucose monitoring systems. North America dominates the biosensors global market in 2018 which is followed by Asia Pacific.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global biosensors market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biosensors market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

By Type Analysis: Wearable biosensors are estimated for crucial growth in the global market in its forecast period. Increasing market growth can be attributed to rising awareness regarding healthy lifestyle. Developing as well as developed countries show higher advocacy rate for wearable biosensors due to lack of physical activity among adult population concluding into health disability such as excess weight gain and hormonal disorders. In addition, expanding baby boomer population base that is susceptive to various chronic diseases will pick wearable biosensors due to advantageous offered such as easy to use and convenience, so that wearable biosensors are boosting the business growth in future.

Non-wearable biosensor leads the crucial market share in 2018. Increasing commonness of chronic diseases such as diabetes, cancer and other disorders will increase demand for ordinary methods of diagnostics and detection. Such ordinary methods include biosensors that are used in hospitals and laboratories for the detection of blood sugar levels and observing gas levels in the blood. High accuracy and efficiency provided by non-wearable biosensors will highly impact the growth in forecast period.

By Technology Analysis: Electrochemical biosensor technology market clasped USD 12.8 billion in global market in 2018. Rapid use electrochemical biosensor in food analysis and disease will direct the segment crucially during the forecast span. Optical biosensor is expected to increase CAGR in forecast span due to advantages like specificity, real-time locating, high speed, compact design and remote sensing it boosts the industry in global market.

By Application Analysis: The growth of biosensors in technological advancement increases the use of biosensors for nonmedicinal application such as remunerative growth in POC diagnostics, and increasing demand for glucose monitoring systems. The blood glucose monitoring system is expected to dominate the global market during its forecast span.

Regional Analysis

North America dominates the biosensors global market in 2018. Increasing partiality for wearable biosensors due to increasing commonness of chronic diseases such as diabetes, cancer and other disorders will speed up the biosensor industry growth. Arising investment in research and development activities serving to varying and increasing consumer demand must accelerate the demand for biosensors in country. Europe is dominating the global market after U.S. in the world in 2018. In Europe the Germany is the largest share holder and is expected to dominate the world market in its forecast period due to highest adoption rate of advanced technology in the nation. Asia Pacific is contributing to the global market and China emerges out as the highest shareholder, Japan and India are expected to increase the market in its forecast period.

Global Biosensors Market Size, Share Analysis By Region 2017

Global Biosensors Market Study Objective

1. To forecast the market size of biosensors market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of biosensors market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of biosensors market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of biosensors market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the biosensors market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Pointers

Hoffman-La Roche Ltd., Medtronic Inc., Siemens Healthcare, LifeScan Inc., Universal Biosensors Inc., Abbott Point of Care Inc., DowduPont , Sysmex Corporation, Pharmaco-Kinesis Corporation, ACON Laboratories, Inc., LifeSensors Inc., Bio-Rad laboratories Inc., Biacore, Nova Biomedical Corp., and Biosensors International Pte. Ltd., Roche Diagnostics, Johnson and Johnson are among the few companies operating in the global biosensors market.

Global Biosensors Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.