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
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.
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