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Biosensors Market Growth Analysis, Share, Demand By Regions, Types And Forecast To 2027

The global biosensors market size is anticipated to reach USD 36.0 billion by 2027, expanding at a CAGR 9%, according to a new report by Radiant Insights, Inc. Various applications in the medical field, high demand for miniature diagnostic devices, and rapid technological advancements are the key driving factors for the market.

Early and precise disease diagnosis is essential for successful prognosis of diseases and survival of patients. In recent years, the demand for simple, disposable, user-friendly, and cost-efficient devices with fast response time has increased extensively leading to increase in the sales of these products, thereby driving the biosensor market.

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Increase in technological development is expected to be a significant factor for the growth of the market over the forecast period. For instance, in October 2015, Abbott Laboratories launched FreeStyle Libre Glucose Monitoring System in Europe. It is intended to be a replacement for blood glucose meters. Moreover, rising applications of thermal biosensors in biomolecular interaction and hybridization analysis, environmental monitoring, and cosmetic analysis are expected to boost market growth. In addition, the development of nano particle based electrochemical biosensors is expected to create opportunities for the key players, thereby driving the market.

Further key findings from the study suggest:

• On the basis of application, the medical segment dominated the biosensors market in 2019. The device is considered an essential tool in the detection and monitoring of a wide range of medical conditions, such as diabetes and cancer

• Electrochemical biosensors accounted for the largest market share in 2019 and is anticipated to witness a significant growth over the forecast period owing to the widespread applications for quantification and analysis in biochemical and biological processes

• On the basis of end use, biosensors in food industry are expected to witness fastest growth over the forecast period owing to the rising pressure from regulatory bodies pertaining to the hygiene standards of the food items where this device plays a vital role for detecting pathogens, allergens, and pesticides in the food items

• In Asia Pacific, the market is expected to witness the fastest growth over the forecast period, closely followed by Latin America owing to increase in awareness regarding biosensors, and constantly improving healthcare facilities in the region

• Key players in the industry includes AZUR Environmental; Abbott Laboratories; Biosensor BV; Bayer AG; Cranfield Biotechnology Centre; DuPont Biosensor Materials; Ercon, Inc., and Johnson and Johnson.

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Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Radiant Insights, Inc. internal database
1.2.3. Secondary sources & third party perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data analysis models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Biosensors Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Product Pipeline Analysis, by Stage
3.4. User Perspective Analysis
3.4.1. Consumer behaviour analysis
3.4.2. Market influencer analysis
3.5. List of Key End-users, by Region/by Country/by Type
3.6. Regulatory Framework
3.6.1. Reimbursement framework
3.6.2. Standards & compliances


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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States


Published by Sunil Rathod

We publish complete research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.

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