Biosensors Market 2022, Size, Growth, Share, Trends and Forecast 2027

According to the latest report by IMARC Group “Biosensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global biosensors market size reached a value of US$ 24.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.9 Billion by 2027, exhibiting a CAGR of 8.51% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Biosensors refer to medical devices that are used to detect the presence of biological substances, such as biomolecules and microorganisms. They are embedded with an analyte, mediator, transducer and reader device to convert a biological response into an electrical signal. They are widely utilized to monitor disease progression and assist in drug discovery and forensic research. Apart from this, these devices also assist in the treatment of numerous chronic and lifestyle disorders by monitoring regular pathogenic activities in the body.

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Biosensors Market Trends:

The global market is primarily driven by significant growth in the healthcare sector. Along with this, continual technological advancements in the sector are creating a positive outlook for the market. For instance, the widespread integration of fluorescence tags and the increasing usage of nanomaterials, such as quartz and crystal, to improve the detection limit and sensitivity is also providing an impetus to the market growth. Additionally, significant investments by public and private authorities in the development of genomics and proteomics are also contributing to the market growth. Extensive research and development (R&D) activities in the field of biotechnology are further acting as major growth-inducing factors.

The report has segmented the market on the basis of Breakup by Product, Breakup by Technology, Breakup by Application, Breakup by End Use Industry and Market Breakup by Region.

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

Market Breakup by Region:

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

Competitive Landscape:

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 and Thermo Fisher Scientific Inc.

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