A quick peek into the report
Table of Contents
1.1 Introduction
1.2 Biosensors: Important Considerations
1.3 Impact of Biosensors
1.4 Future Insights
1.4.1 Important Considerations
1.4.2 Nano-Biosensors Types
1.4.3 Future Applications of Nano-Biosensors
1.5 Global footprint of Biosensors Market
1.6 Assumptions and Limitations
2.1 Overview
2.2 Impact Analysis
2.3 Drivers
2.4 Restraints
2.5 Opportunities
3.1 Key Developments and Strategies
3.2 Product Launch
3.3 Joint Ventures, Partnerships and Collaborations
3.4 Merger & Acquisition
3.5 Business Expansions, Approvals/Certifications and Others
3.6 Industry Attractiveness
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitute Products
3.6.5 Intensity of Competitive Rivalry
4.1 Overview
4.2 Electrochemical Biosensor Technology
4.3 Optical Biosensor Technology
4.4 Piezoelectric Biosensor Technology
4.5 Thermal Biosensor Technology
4.6 Other Biosensor Technology
5.1 Overview
5.2 Point of Care
5.2.1 Glucose Monitoring
5.2.2 Cardiac Marker Analysers
5.2.3 Infectious Diseases
5.2.4 Coagulation
5.2.5 Urinalysis
5.2.6 Clinical Chemistry
5.2.7 Women’s Health
5.2.8 Cancer Markers
5.2.9 Others
5.3 Environmental Testing
5.3.1 Toxicity Testing
5.3.2 BOD Testing
5.3.3 Contamination Testing
5.3.4 Others
5.4 Research Laboratories
5.5 Home Diagnostics
5.6 Biodefence
5.7 Process Industries
6.1 Overview
6.2 Role of Macro Economic Factors in the Growth of Global Biosensors Market
6.3 Cluster Analysis: Global Biosensors Market
6.3.1 Cluster-1: China and India
6.3.2 Cluster-2: U.S., U.K., and Japan
6.3.3 Cluster-3: Germany, France, Italy, Brazil, and Mexico
6.3.4 Cluster-4: Canada, Spain, and Thailand
6.3.5 Cluster-5: Switzerland, Ireland, Netherlands, Belgium, Singapore, and Australia
6.4 Global Insights
6.5 North America
6.5.1 North America Market Dynamics
6.5.2 North America, by Country
6.5.2.1 The U.S.
6.5.2.2 Canada
6.6 Europe
6.6.1 Europe Market Dynamics
6.6.2 Europe, by Country
6.6.2.1 The U.K.
6.6.2.2 Germany
6.6.2.3 France
6.6.2.4 Switzerland
6.6.2.5 Ireland
6.6.2.6 Italy
6.6.2.7 Netherlands
6.6.2.8 Spain
6.6.2.9 Belgium
6.6.2.10 Rest of the Europe
6.7 Asia Pacific
6.7.1 Asia Pacific Market Dynamics
6.7.2 Asia Pacific, by Country
6.7.2.1 China
6.7.2.2 Japan
6.7.2.3 India
6.7.2.4 Singapore
6.7.2.5 Thailand
6.7.2.6 Australia
6.7.2.7 Rest of Asia Pacific
6.8 Latin America
6.7.1 Latin America Market Dynamics
6.7.2 Latin America, by Country
6.7.2.1 Brazil
6.7.2.2 Mexico
6.7.2.3 Rest of Latin America
6.9 Rest of the World
7.1 1Drop Diagnostics
7.1.1 Overview
7.1.2 Corporate Summary
7.1.3 Product Offerings for Biosensors Market
7.1.4 SWOT Analysis
7.2 Abbott Laboratories
7.2.1 Overview
7.2.2 Overall Product Portfolio
7.2.3 Product Offerings for Biosensors Market
7.2.4 Financials
7.2.4.1 Financial Summary
7.2.5 Global Presence
7.2.6 Recent Developments
7.2.7 SWOT Analysis
7.3 Anitoa Systems, LLC
7.3.1 Overview
7.3.2 Corporate Summary
7.3.3 Product Offerings for Biosensors Market
7.3.4 Recent Developments
7.3.5 SWOT Analysis
7.4 Assure Controls, Inc.
7.4.1 Overview
7.4.2 Corporate Summary
7.4.3 SWOT Analysis
7.5 Axela Inc.
7.5.1 Overview
7.5.2 Overall Product Portfolio
7.5.3 Product Offerings for Biosensors Market
7.5.4 Financials
7.5.4.1 Financial Summary
7.5.5 Recent Developments
7.5.6 Global Presence
7.5.7 SWOT Analysis
7.6 Binergy Scientific Inc.
7.6.1 Overview
7.6.2 Corporate Summary
7.6.3 Product Offerings for Biosensors Market
7.6.5 SWOT Analysis
7.7 Biolan MicroBioSensores
7.7.1 Overview
7.7.2 Corporate Summary
7.7.3 Product Offerings for Biosensors Market
7.7.4 Recent Developments
7.7.5 SWOT Analysis
7.8 C-CIT Sensors AG
7.8.1 Overview
7.8.2 Corporate Summary
7.8.3 Product Offerings for Biosensors Market
7.8.4 SWOT Analysis
7.9 Cognionics, Inc.
7.9.1 Overview
7.9.2 Corporate Summary
7.9.3 Product Offerings for Biosensors Market
7.9.4 SWOT Analysis
7.10 Danaher Corporation
7.10.1 Overview
7.10.2 Overall Product Portfolio
7.10.3 Product Offerings for Biosensors Market
7.10.4 Financials
7.10.4.1 Financial Summary
7.10.5 Recent Developments
7.10.6 Global Presence
7.10.7 SWOT Analysis
7.11 Dynamic Biosensors GmbH
7.11.1 Overview
7.11.2 Corporate Summary
7.11.3 Product Offerings for Biosensors Market
7.11.4 Recent Developments
7.11.5 SWOT Analysis
7.12 HMicro Inc.
7.12.1 Overview
7.12.2 Corporate Summary
7.12.3 Recent Developments
7.12.4 SWOT Analysis
7.13 LamdaGen Corporation
7.13.1 Overview
7.13.2 Corporate Summary
7.13.3 Product Offerings for Biosensors Market
7.13.4 Recent Developments
7.13.5 SWOT Analysis
7.14 NeuroSky
7.14.1 Overview
7.14.2 Corporate Summary
7.14.3 Product Offerings for Biosensors Market
7.14.4 Recent Developments
7.14.5 SWOT Analysis
7.15 PerkinElmer, Inc.
7.15.1 Overview
7.15.2 Overall Product Portfolio
7.15.3 Product Offerings for Biosensors Market
7.15.4 Financials
7.15.4.1 Financial Summary
7.15.5 Recent Developments
7.15.6 Global Presence
7.15.7 SWOT Analysis
7.16 Polestar Technologies
7.16.1 Overview
7.16.2 Corporate Summary
7.16.3 Product Offerings for Global Biosensor Market
7.16.4 Recent Developments
7.16.5 Global Presence
7.16.6 SWOT Analysis
7.17 ProXentia S.r.l.
7.17.1 Overview
7.17.2 Corporate Summary
7.17.3 Recent Developments
7.17.4 SWOT Analysis
7.18 Resodyn Corporation
7.18.1 Overview
7.18.2 Corporate Summary
7.18.3 Recent Developments
7.18.4 SWOT Analysis
7.19 SarissaBiomedicalLtd
7.19.1 Overview
7.19.2 Corporate Summary
7.19.3 Product Offerings for Biosensors Market
7.19.4 Recent Developments
7.19.5 SWOT Analysis
7.20 Sensogram Technologies, Inc.
7.20.1 Overview
7.20.2 Corporate Summary
7.20.3 Recent Developments
7.20.4 SWOT Analysis
7.21 Siemens Healthineers
7.21.1 Overview
7.21.2 Overall Product Portfolio
7.21.3 Product Offerings for Biosensors Market
7.21.4 Financials
7.21.4.1 Financial Summary
7.21.5 Recent Developments
7.21.6 Global Presence
7.21.7 SWOT Analysis
7.22 Sigma Aldrich Corporation
7.22.1 Overview
7.22.2 Overall Product Portfolio
7.22.3 Product Offerings for Biosensors Market
7.22.4 Financials
7.22.4.1 Financial Summary
7.22.5 Recent Developments
7.22.6 Global Presence
7.22.7 SWOT Analysis
7.23 Sierra Sensors GmbH
7.23.1 Corporate Summary
7.23.2 Product Offerings for Biosensors Market
7.23.3 SWOT Analysis
7.24 Universal Biosensors, Inc.
7.24.1 Overview
7.24.2 Overall Product Portfolio
7.24.3 Product Offerings for Biosensors Market
7.24.4 Financials
7.24.4.1 Financial Summary
7.24.5 Recent Developments
7.24.6 Global Presence
7.24.7 SWOT Analysis
7.25 World Precision Instruments
7.25.1 Overview
7.25.2 Corporate Summary
7.25.3 Product Offerings for Biosensors Market
7.25.4 Recent Developments
7.25.5 SWOT Analysis
8.1 Scope of the Report
8.2 Global Biosensors Market Segmentation
8.3 Research Methodology
8.3.1 Primary Research
8.3.2 Secondary Research
8.3.3 Key Data Points from Primary Sources
8.3.4 Key Data Points from Secondary Sources
8.3.5 Data Triangulation
8.3.6 Top-Down Approach (Segmental Analysis)
8.3.7 Bottom-Up Approach (Segmental Analysis)
8.4 Assumptions and Limitations
8.5 Data and Prediction Modelling
I Annexure 1: Recent Key Developments
II Annexure 2: Product Mapping
1 Impact Analysis of Market Navigating Factors
2 Impact Analysis of Market Restraints Factors
3 Impact Analysis of Market Opportunities
4 Incidence and Mortality Rate of Leading Chronic Diseases
5 Examples of NABs for Diagnosis of Various Diseases
6 Global Biosensors Market, by Non-Medical Applications (2015-2017) ($Million)
7 Reimbursement Scenario for Real Time Continuous Glucose Monitoring Systems, by Country
8 Healthcare Expenditure, by Country ($Billion)
9 Global Biosensor Market, by Technology (2018-2027)
10 Global Biosensor Market, by Application (2017-2027)
11 Global Point of Care Biosensor Market, by Application (2017-2027)
12 North America Biosensors Market, by Application (2017-2027)
13 Europe Biosensors Market, by Application (2017-2027)
14 Europe Biosensors Market, by Country, $Million (2017-2027)
15 Asia Pacific Biosensors Market, by Application (2017-2027)
16 Asia Pacific Biosensors Market, by Country, $Million (2017-2027)
17 Latin America Biosensors Market, by Application (2017-2027)
18 Latin America Biosensors Market, by Application (2017-2027)
19 Abbott Laboratories: Product Developments
20 Abbott Laboratories: Merger and Acquisition
21 Anitoa Systems, LLC: Product Developments
22 ANGLE plc (Axela Inc.): Merger & Acquisition
23 Biolan MicroBioSensores: Product Developments
24 Danaher Corporation: Product Developments
25 Danaher Corporation: Acquisitions and Mergers
26 Dynamic Biosensors GmbH: Product Developments
27 HMicro Inc.: Partnership, Collaborations, and Joint Ventures
28 HMicro Inc.: Funding & Others
29 LamdaGen Corporation: Product Developments
30 LamdaGen Corporation: Other Developments
31 NeuroSky: Product Developments
32 PerkinElmer, Inc.: Product Developments
33 PerkinElmer, Inc.: Acquisition and Merger
34 Polestar Technologies: JV, Collaboration, Partnership
35 ProXentia S.r.l.: Awards and Recognition
36 ProXentia S.r.l.: Funding & Others
37 Resodyn Corporation: Product Developments
38 Resodyn Corporation: Other Developments
39 Sarissa Biomedical Ltd: Awards and Recognition
40 Sarissa Biomedical Ltd: Product Developments
41 Sensogram Technologies, Inc.: JV, Collaboration, Partnership
42 Sensogram Technologies, Inc.: Other Developments
43 Siemens: Partnerships, Acquisitions & Agreement
44 Merck KGaA: Other Developments
45 Merck KGaA: Partnerships, Collaboration and Joint Venture
46 Merck KGaA: Partnerships, Collaboration and Joint Venture
47 Universal Biosensors, Inc.: Acquisitions and Mergers
48 Universal Biosensors, Inc.: Product Developments
49 World Precision Instruments: Other Developments
1 Global Incidence of Diabetes
2 Global Glucose Monitoring Test Market ($Billion)
3 Global Geriatric Population (Million)
4 Market Drivers and Market Restraints
5 Market Statistics
6 Global Biosensors Market (2017-2027)
7 Global Biosensors Market, by Technology (2017 and 2027)
8 Global Biosensors Market, by Application (2017 and 2027)
9 Global Biosensors Market, by Region
10 Biosensors at a Glance
11 Evolution of Biosensors
12 Prominent Companies for nanotechnology based biosensors
13 Nano-biosensors prospects, by Nanomaterial Types
14 Future Applications of Nano-Biosensors
15 Global Biosensors Market (2017-2027)
16 Year Consideration
17 Market Dynamics
18 Distribution of Bioelectronics Publications (1990-2009)
19 Global Point of Care Testing Market (2015-2017)
20 Share of Key Developments and Strategies
21 Product Launch Share, by Companies
22 Joint Ventures, Partnerships, and Collaborations Share, by Companies
23 Porter’s Five Forces Analysis
24 Classification of Biosensors
25 Prominent Companies for Global Biosensor Market
26 Global Biosensor Market, by Electrochemical Technology (2017-2027)
27 Global Biosensor Market, by Optical Technology (2017-2027)
28 Global Biosensor Market, by Piezoelectric Technology (2017-2027)
29 Global Biosensor Market, by Thermal Technology (2017-2027)
30 Global Biosensor Market, by Other Biosensors Technology (2017-2027)
31 Global Biosensor Market, by Application
32 Global Biosensor Market, by Point of Care
33 Some prominent companies for Point of Care Applications of Global Biosensor Market are
34 Global Biosensor Market, by Point of Care (2017-2027)
35 Global Point of Care Biosensor Market, by Glucose Monitoring (2017-2027)
36 Global Point of Care Biosensor Market, by Cardiac Marker Analysers (2017-2027)
37 Global Point of Care Biosensor Market, by Infectious Diseases (2017-2027)
38 Global Point of Care Biosensor Market, by Coagulation Application (2017-2027)
39 Global Point of Care Biosensor Market, by Urinalysis Application (2017-2027)
40 Global Point of Care Biosensor Market, by Clinical Chemistry Application (2017-2027)
41 Global Point of Care Biosensor Market, by Women’s Health Application (2017-2027)
42 Global Point of Care Biosensor Market, by Cancer Markers Application (2017-2027)
43 Global Point of Care Biosensor Market, by Other application (2017-2027)
44 Global Biosensor Market, by Environmental Testing
45 Some prominent companies for Environmental Testing Applications of Global Biosensor Market
46 Global Biosensor Market, by Environmental Testing (2017-2027)
47 Global Environmental Biosensor Market, by Toxicity Testing Application (2017-2027)
48 Global Environmental Biosensor Market, by BOD Testing Application (2017-2027)
49 Global Environmental Biosensor Market, by Contamination Testing Application (2017-2027)
50 Global Environmental Biosensor Market, by Other Testing Application (2017-2027)
51 Global Biosensor Market, by Research Laboratories (2017-2027)
52 Global Biosensor Market, by Home Diagnostics (2017-2027)
53 Global Biosensor Market, by Biodefence(2017-2027)
54 Global Biosensor Market, by Process Industries (2017-2027)
55 Compound Annual Growth Rate of Biosensors Market, by Region-Cluster 1 (2017-2027)
56 Compound Annual Growth Rate of Biosensors Market, by Region-Cluster 2 (2017-2027)
57 Compound Annual Growth Rate of Biosensors Market, by Region-Cluster 3 (2017-2027)
58 Compound Annual Growth Rate of Biosensors Market, by Region-Cluster 4 (2017-2027)
59 Compound Annual Growth Rate of Biosensors Market, by Region-Cluster 5 (2017-2027)
60 Global Biosensors Market, by Region (2017-2027)
61 Global Biosensors Market Share, by Region (2017)
62 Global Biosensors Market Share, by Region (2027)
63 North America Biosensors Market (2017-2027)
64 North America Biosensors Market, by Country (2017-2027)
65 The U.S. Biosensors Market (2017-2027)
66 Canada Biosensors Market (2017-2027)
67 Europe Biosensors Market (2017-2027)
68 The U.K. Biosensors Market (2017-2027)
69 Germany Biosensors Market (2017-2027)
70 France Biosensors Market (2017-2027)
71 Switzerland Biosensors Market (2017-2027)
72 Ireland Biosensors Market (2017-2027)
73 Italy Biosensors Market (2017-2027)
74 Netherlands Biosensors Market (2017-2027)
75 Spain Biosensors Market (2017-2027)
76 Belgium Biosensors Market (2017-2027)
77 Rest of the Europe Biosensors Market (2017-2027)
78 Asia Pacific Biosensors Market (2017-2027)
79 China Biosensors Market (2017-2027)
80 Japan Biosensors Market (2017-2027)
81 India Biosensors Market (2017-2027)
82 Singapore Biosensors Market (2017-2027)
83 Thailand Biosensors Market (2017-2027)
84 Australia Biosensors Market (2017-2027)
85 Rest of Asia Pacific Biosensors Market (2017-2027)
86 Latin America Biosensors Market (2017-2027)
87 Latin America Biosensors Market, by Country, $Million(2017-2027)
88 Brazil Biosensors Market (2017-2027)
89 Mexico Biosensors Market (2017-2027)
90 Rest of Latin America Biosensors Market (2017-2027)
91 Rest of the World Biosensors Market (2017-2027)
92 1Drop Diagnostics: Overall Product Portfolio
93 1Drop Diagnostics: SWOT Analysis
94 Abbott Laboratories: Overall Product Portfolio
95 Product Portfolio of Abbott Laboratories for Global Biosensor Market
96 Abbott Laboratories: Overall Financials (2014-2016)
97 Abbott Laboratories: Revenue by Business Segment (2014-2016)
98 Abbott Laboratories: Revenue by Region (2014-2016)
99 Abbott Laboratories: Revenue by Region (2014-2016)
100 Abbott Laboratories: Revenue by Region (2014-2016)
101 Abbott Laboratories: Global Presence
102 Abbott Laboratories SWOT Analysis
103 Anitoa Systems, LLC: Overall Product Portfolio
104 Anitoa Systems, LLC: Product Portfolio for Global Biosensor Market
105 Anitoa Systems, LLC SWOT Analysis
106 Assure Controls, Inc.: Overall Product Portfolio
107 Assure Controls, Inc.: SWOT Analysis
108 Axela Inc. : Overall Product Portfolio
109 Axela Inc.: Product Portfolio for Global Biosensor Market
110 ANGEL Plc: Overall Financials (2014-2017)
111 ANGLE plc: Net Revenue by Region (2016-2017)
112 ANGLE plc: Net Revenue by Region (2016-2017)
113 ANGLE plc: SWOT Analysis
114 Binergy Scientific Inc. Overall Product Portfolio
115 Binergy Scientific, Inc.: Product Portfolio for Global Biosensor Market
116 Binergy Scientific, Inc. SWOT Analysis
117 Biolan MicroBioSensores: Overall Product Portfolio
118 Biolan MicroBioSensores: Product Portfolio for Global Biosensor Market
119 Biolan MicroBioSensores SWOT Analysis
120 C-CIT Sensors AG: Overall Product Portfolio
121 C-CIT Sensors AG: Product Portfolio for Global Biosensor Market
122 C-CIT Sensors AG: SWOT Analysis
123 Cognionics, Inc.: Overall Product Portfolio
124 Cognionics, Inc.: Product Portfolio for Global Biosensor Market
125 Cognionics, Inc.: SWOT Analysis
126 Danaher Corporation: Overall Product Portfolio
127 Danaher Corporation: Product Portfolio for Global Biosensor Market
128 Danaher Corporation: Product Portfolio for Global Biosensor Market
129 Danaher Corporation: Overall Financials (2014-2016)
130 Danaher Corporation: Revenue by Business Segments (2014-2016)
131 Danaher Corporation: Revenue by Region (2014-2016)
132 Danaher Corporation: Global Presence
133 Danaher Corporation: SWOT Analysis
134 Dynamic Biosensors GmbH: Overall Product Portfolio
135 Dynamic Biosensors GmbH: Product Portfolio for Global Biosensor Market
136 Dynamic Biosensors GmbH: SWOT Analysis
137 HMicro Inc.: Overall Product Portfolio
138 HMicro Inc.: SWOT Analysis
139 LamdaGen Corporation: Overall Product Portfolio
140 LamdaGen Corporation: Product Portfolio for Global Biosensor Market
141 LamdaGen Corporation : SWOT Analysis
142 NeuroSky: Overall Product Portfolio
143 NeuroSky: Product Portfolio for Global Biosensor Market
144 NeuroSky: SWOT Analysis
145 PerkinElmer, Inc.: Overall Product Portfolio
146 PerkinElmer, Inc.: Product Portfolio for Global Biosensor Market
147 PerkinElmer Inc.: Overall Financials (2014-2017)
148 PerkinElmer Inc.: Overall Financials (2014-2017)
149 PerkinElmer, Inc.: Net revenue by Region (2014-2016)
150 PerkinElmer, Inc.: Global Presence
151 PerkinElmer, Inc. : SWOT Analysis
152 Polestar Technologies: Overall Product Portfolio
153 Polestar Technologies: Product Portfolio for Global Biosensor Market
154 Polestar Technologies: SWOT Analysis
155 ProXentia S.r.l.: Overall Product Portfolio
156 ProXentia S.r.l.: SWOT Analysis
157 Resodyn Corporation: Overall Product Portfolio
158 Resodyn Corporation: SWOT Analysis
159 SarissaBiomedicalLtd: Overall Product Portfolio
160 Sarissa Biomedical Ltd: Product Portfolio for Global Biosensor Market
161 Sarissa Biomedical Ltd: SWOT Analysis
162 Sensogram Technologies, Inc.: Overall Product Portfolio
163 Sensogram Technologies, Inc.: SWOT Analysis
164 Siemens: Overall Product Portfolio
165 Siemens: Product Portfolio for Global Biosensor Market
166 Siemens: Overall Financials (2014-2017)
167 Siemens: Product Sales by Region (2014-2017)
168 Siemens: Net Revenue by Business Segment (2014-2017)
169 Siemens: Global Presence
170 Siemens: SWOT Analysis
171 Merck KGaA: Overall Product Portfolio
172 Merck KGaA(Sigma Aldrich Corporation): Product Portfolio for Global Biosensor Market
173 Merck KGaA: Overall Financials, (2014-2016)
174 Merck KGaA: Net Revenue by Business Segments, (2014-2016)
175 Merck KGaA: Net Revenue by Geography, (2014)
176 Merck KGaA: Net Revenue by Geography, (2015-2016)
177 Merck KGaA: Global Presence
178 Merck KGaA: SWOT Analysis
179 Sierra Sensors GmbH: Overall Product Portfolio
180 Sierra Sensors GmbH: Product Portfolio for Global Biosensor Market
181 Sierra Sensors GmbH: SWOT Analysis
182 Universal Biosensors, Inc.: Overall Product Portfolio
183 Universal Biosensors, Inc.: Product Portfolio for Global Biosensor Market
184 Universal Biosensors, Inc.: Overall Financials (2014-2016)
185 Universal Biosensors, Inc.: Net Revenue by Region (2014-2016)
186 Universal Biosensors, Inc.: Global Presence
187 Universal Biosensors, Inc.: SWOT Analysis
188 World Precision Instruments: Overall Product Portfolio
189 World Precision Instruments: Product Portfolio for Global Biosensor Market
190 World Precision Instruments: SWOT Analysis
191 Global Biosensors Market Segmentation
192 Considered Factors for Data Prediction & Modelling
Market Overview
Global Biosensors Market
The global biosensors industry is approaching towards multi-billion market which consists of multitudinous companies involved in the manufacturing of biosensors with different technologies to strengthen the growing demand for biosensors. The technological innovations in the field of bioelectronics, nanotechnology, and microfabrication have resulted in the development of biosensors. The emergence of point of care solutions based on biosensing technologies has facilitated continuous monitoring of disease and significantly reduced monetary burden imposed on patients, due to frequent clinical diagnostic tests.
Besides, the minimal invasive nature of point of care devices has alleviated the physical stress on the patients caused due to the invasive nature of the traditional laboratory diagnostic procedures. The massive success of glucose monitoring devices based on biosensing technologies has resulted in their prolific employment in several other point of care solutions such as glucose monitoring, cardiac marker analysis, infectious diseases, coagulation analysis, urinalysis, and cancer marker analysis, among others. This exhaustive utilization has significantly widened the scope of biosensors and resulted in development of biosensing technologies for non-medical applications such as environmental monitoring, food control, drug discovery, forensics, process industries, and biomedical research, among others.
Market Value and Estimation
The global biosensors market was valued $1.46 billion in 2017. With the growing prominence of point of care testing services, aided by rising geriatric population and rapid incorporation of biosensing technologies in non-medical applications, the global biosensors market is anticipated to witness an impressive double-digit growth rate. The global biosensors market is currently dominated by electrochemical biosensors. The high contribution of electrochemical biosensors to the market is attributed to the massive demand for glucose monitoring systems and prolific employment of electrochemical biosensors in them. However, the optical biosensors are anticipated to witness the highest growth rate in the forecast period 2018-2027. The biosensors pertaining to point of care applications witnessed the highest industry demand in 2017, owing to the high prevalence of chronic diseases. Besides, the biosensing technologies specific to biodefence applications are expected to witness an impressive CAGR of 14.26% in the forecast period 2018-2027.
Growth Factors Driving the Market
The growing geriatric population and high prevalence of chronic diseases have significantly elevated the demand for clinical diagnostic services. By 2030, the global economic impact of five leading chronic diseases: cancer, diabetes, mental illness, heart disease, and respiratory disease, is anticipated to reach $47 trillion. The invasive nature of traditional laboratory procedures causes considerable pressure on the patient due to the frequent physical trauma which made continuous monitoring of the disease practically impossible.
Challenges Faced by the Market
Moreover, the growing burden of geriatric population has elevated the requirement of devices enabling continuous monitoring of a disease with short turnaround times. Additionally, the high prevalence of chronic diseases has resulted in massive economic burden of healthcare spending. The technological advancements in the field of point of care testing based on biosensing technologies, are anticipated to address the problem of massive healthcare burden and aid in combating several prime concerns to the global health. The global healthcare expenditure was valued approximately $7 trillion in 2015 and is anticipated to reach $8.5 trillion by 2020.
Segmentation of Biosensor Market
The global biosensors market is segmented into three different parts namely by technology, by application, and by region. The global market value was estimated using these three different approaches and was validated with one another. These segments are further segmented into several sub- segments to ease the market estimation and to gain a holistic view of the market.
Biosensor Market by Region
The global biosensors market is segmented based on the geographical regions into North America, Europe, Asia Pacific, Latin America, and Rest of the World (RoW). North America is the leading contributor to the global biosensors market and contributed 40% of the global market values in 2017. However, the Asia Pacific biosensors market is anticipated to grow with a double-digit CAGR in the forecast period 2018-2027. The trans-pacific partnership (TPP), which is functional among few nations across the Asia Pacific region, has boosted the growth of Asia Pacific medical device industry, resulting in high demand for biosensing technologies.
Key Questions Answered in this Report:
• What are the major market drivers, challenges and opportunities in the global biosensors market?
• What was the market value of the leading segments and sub-segments of the global biosensors market in 2017?
• How will each segment of the global biosensors market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2027?
• How will the industry evolve during the forecast period 2018- 2027?
• What are the key developmental strategies that are being implemented by the key players to sustain in this market?
• How has the market been segmented on the different types of biosensing technology? Which type of biosensing technology is being adopted extensively by the users and why?
• Who are the key players in the biosensors market and what are their contributions?
• What are the major benefits of the implementation of biosensors in different field of applications including point of care, environmental, research laboratories, home diagnostics, biodefence, and process industries?
• What is the expected growth rate of the Point of Care application during the forecast period?
• Which geographical location will contribute to the highest sales of the biosensors during the forecast period?
• What is the scope of biosensors in the emerging economies of Asia and Latin America?
Report Description
About Biosensor Technology
The advent of biosensing technologies in R&D procedures and diagnostic procedures have enabled the companies to meet the regulatory compliance as well as manage their profit margins and remain competitive in the market.
Biosensing technologies that are currently in use are of different varieties, such as electrochemical, optical, piezoelectric, and thermal. In less turnaround time, biosensors have become an essential tool for the healthcare companies and laboratories that are facing increasing level of demand for the point of care testing devices and home diagnostics.
Biosensors have diversified applications which includes clinical diagnosis, environmental testing, biodefense, research laboratory testing and process industries, among others. Biosensors can provide easy-to-use, cost-effective, highly accurate and sensitive detection devices in a variety of commercial and research applications.
Scope of the Biosensor Report
The purpose of this study is to gain a holistic view of the biosensors market in terms of various influencing factors, such as recent trends and technological advancements. The scope of this report constitutes of an in-depth study of the global biosensors market, including a thorough analysis of the products across different regions. The market has been segmented into ‘technology, ‘application’, and ‘regions’. The report presents the reader with an opportunity to unlock comprehensive insights with respect to the market and helps in forming well informed strategic decisions. The research uncovers some of the substantial parameters that must be taken into consideration before entering into the market. The scope of this report is centred upon conducting a detailed study of the different technologies allied with the biosensors market, which includes electrochemical, optical, thermal, and piezoelectric, among others.
This research report aims at answering various aspects of the global biosensors market with the help of the key factors driving the market, restraints and challenges that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. Moreover, the report includes chapters on market dynamics (market drivers, opportunities and challenges) and industry analysis as well.
The research study considers the market share analysis for a comprehensive understanding of the global biosensors market, and assesses the factors governing the same. Porter’s Five Force analysis and detailed product mapping have been included in the report. The market by region has been further sub-segmented in various countries, and in each sub-segment the key market trends, list of the key players, and the recent developments that have taken place, have been discussed.
Key Players
The key players who have been contributing significantly to the biosensors market include Drop Diagnostics, Abbott Laboratories, Anitoa Systems, LLC, Assure Controls, Inc., Angle PLC, Binergy Scientific Inc., Biolan MicroBioSensores, C-CIT Sensors AG, Cognionics, Inc., Danaher Corporation, Dynamic Biosensors GmbH, HMicro Inc., LamdaGen Corporation, NeuroSky, PerkinElmer, Inc., Polestar Technologies, ProXentia S.r.l., Resodyn Corporation , Sarissa Biomedical Ltd, Sensogram Technologies, Inc., Siemens Healthineers, Merck KGaA, Sierra Sensors GmbH, Universal Biosensors, Inc., and World Precision Instruments among others.
Global Biosensors Market - Analysis and Forecast (2018 -2027)
(Focus on Product, Application, 19 Countries Analysis, and Competitive Landscape)