Biosensors Market Is Expected To Reach USD 21.17 Billion By 2020:By Grand View Research, Inc
Global Biosensors Market is expected to reach USD
21.17 billion by 2020, according to a new study published by Grand View
Research, Inc. Biosensors, owing to their capability to resolve various
analytical issues in diverse areas such as medicine, pharmacology, food &
agriculture safety and defense, are expected to witness a rapid growth in
demand over the next six years. Increasing demand for specific detection
techniques for early diagnosis in the healthcare sector is expected to drive
the overall biosensors market during the forecast period. Furthermore, the
expanding role of biosensors in the real world environment has led to a hike in
R&D efforts globally.
Browse full research report on Biosensors Market: http://www.grandviewresearch.com/industry-analysis/biosensors-market
Further key findings from the study suggest:
- Optical
biosensors are identified as the most lucrative technology segment of this
market and are expected to grow at a CAGR of over 7.0% during the forecast
period. Growing use of these sensors in the field of environmental
scanning is one of the key drivers of this market. The recent progress in
optical biosensors has made them apt for environmental scanning wherein
they are used for quantifying and characterizing environmental pollutants.
- Biosensors
are mostly used in devices enabled with point of care testing. The
biosensors based point of care testing segment accounted for over 40% of
the end-use market in 2013. Moreover, rising demand for portable and
integrated technologies that can be operated by untrained personnel
outside conventional laboratories is expected to improve usage rates.
- North
America accounted for more than 35% of the market in 2013. Biosensors
witness the highest market penetration rates in this region owing to the
presence of high procedure volumes supported by favorable government
initiatives. Moreover, rapidly growing demand for point of care and home
healthcare markets in the U.S. is expected to drive regional market growth
during the forecast period.
- Asia
Pacific has high future growth potential owing to the presence of large
untapped opportunities in the emerging markets of India and China.
Presence of favorable government initiatives aimed at improving
environmental conditions and enhancing healthcare infrastructure in Japan
and Australia are also expected to serve as a high impact rendering driver
for this market.
- Key
players of this market include Abbott Point of Care Inc., Roche, Lifescan
Inc., Bayer AG, Medtronic Inc., Universal Biosensors, Siemens Healthcare
and Nova Biomedical Corporation.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research has
segmented the global biosensors market on the basis of application, technology
and end-use:
Global Biosensors Application Outlook (Market Revenue in
USD Million, 2012 – 2020)
• Medical Applications
• Cholesterol Testing
• Blood Glucose Monitoring
• Blood Gas Analyzer
• Pregnancy Testing
• Drug Discovery
• Infectious Diseases
• Food Toxicity Detection
• Industrial Process Control (Bioreactor)
• Agriculture
• Environment
• Others
Global Biosensors Technology Outlook (Market Revenue in USD Million, 2012 – 2020)
• Thermal Biosensors
• Electrochemical Biosensors
• Piezoelectric Biosensors
• Optical Biosensors
Global Biosensors End-use Outlook (Market Revenue in USD Million, 2012 – 2020)
• Home Healthcare Diagnostics
• Point of Care Testing
• Food Industry
• Research Laboratories
• Security and Bio-Defense
Biosensors Regional Outlook (Market Revenue in USD Million, 2012 – 2020)
• North America
• U.S.
• Canada
• Europe
• UK
• Spain
• Germany
• Asia Pacific
• India
• China
• Japan
• RoW
• Medical Applications
• Cholesterol Testing
• Blood Glucose Monitoring
• Blood Gas Analyzer
• Pregnancy Testing
• Drug Discovery
• Infectious Diseases
• Food Toxicity Detection
• Industrial Process Control (Bioreactor)
• Agriculture
• Environment
• Others
Global Biosensors Technology Outlook (Market Revenue in USD Million, 2012 – 2020)
• Thermal Biosensors
• Electrochemical Biosensors
• Piezoelectric Biosensors
• Optical Biosensors
Global Biosensors End-use Outlook (Market Revenue in USD Million, 2012 – 2020)
• Home Healthcare Diagnostics
• Point of Care Testing
• Food Industry
• Research Laboratories
• Security and Bio-Defense
Biosensors Regional Outlook (Market Revenue in USD Million, 2012 – 2020)
• North America
• U.S.
• Canada
• Europe
• UK
• Spain
• Germany
• Asia Pacific
• India
• China
• Japan
• RoW
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-biosensors-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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