IMARC Group, a leading market research company, has recently releases report titled “Biosensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global biosensors market size, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the biosensors market?
Report Attributes | Details |
Market Size in 2022 | US$ 26.5 Billion |
Market Forecast in 2028 | US$ 43.0 Billion |
Growth rate (2023 to 2028) | CAGR of 8.2% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
What is biosensors?
Biosensors consult with medical gadgets which might be used to detect the presence of organic substances, resembling biomolecules and microorganisms. They’re embedded with an analyte, mediator, transducer and reader machine to transform a organic response into {an electrical} sign. They’re extensively utilized to observe illness development and help in drug discovery and forensic analysis. Aside from this, these gadgets additionally help within the therapy of quite a few continual and way of life problems by monitoring common pathogenic actions within the physique.
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What are the growth prospects and trends in the biosensors?
The worldwide market is primarily pushed by vital development within the healthcare sector. Together with this, continuous technological developments within the sector are making a optimistic outlook for the market. As an illustration, the widespread integration of fluorescence tags and the growing utilization of nanomaterials, resembling quartz and crystal, to enhance the detection restrict and sensitivity can also be offering an impetus to the market development. Moreover, vital investments by private and non-private authorities within the growth of genomics and proteomics are additionally contributing to the market development. Intensive analysis and growth (RD) actions within the subject of biotechnology are additional performing as main growth-inducing elements.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Wearable Biosensors
- Non-Wearable Biosensors
Breakup by Technology:
- Electrochemical Biosensors
- Optical Biosensors
- Piezoelectric Biosensors
- Thermal Biosensors
- Nanomechanical Biosensors
- Others
Breakup by Application:
- Blood Glucose Testing
- Cholesterol Testing
- Blood Gas Analysis
- Pregnancy Testing
- Drug Discovery
- Infectious Disease Testing
- Others
Breakup by End Use:
- Point of Care Testing
- Home Healthcare Diagnostics
- Research Laboratories
- Security and Biodefense
- Others
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Abbott Laboratories
- AgaMatrix Inc. (WaveForm Technologies Inc)
- DuPont de Nemours Inc.
- F. Hoffmann-La Roche AG
- General Electric Company
- LifeScan Inc. (Platinum Equity LLC) Medtronic PLC
- Nova Biomedical Corporation
- PHC Holdings Corporation
- Siemens AG
- Thermo Fisher Scientific Inc.
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