Biosensors Market: Global Industry Analysis and Forecast (2021-2027), Technology Trends

Biosensors Market size was valued at US$ 22.40 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 7.5% through 2021 to 2027, reaching nearly US$ 39.35 Bn.

Biosensors Market Overview:

Air and water quality is monitored using biosensors. For example, the devices can be used to detect amounts of organophosphates from pesticides or to assess the toxicity of wastewater. A biological signal is converted into an electrical signal via biosensors. Even when they don't employ a biological system directly, biosensors are used to determine the concentration of chemicals and other biologically relevant data. Biosensors Market To know about the Research Methodology:- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Biosensors Market Dynamics:

Biosensors are being utilised extensively in-home healthcare by patients, owing to their capacity to assess health status, illness start, and progression, and are expected to boost biosensors market growth during the forecast period 2021-2027. Besides, technical developments as well as a variety of non-medical applications are the other factors that are expected to boost the growth of the market for biosensors. According to the International Diabetic Federation, the prevalence of diabetes is rising at an annual rate of roughly 8.0%, with over 590 million people expected to develop diabetes by 2035, resulting in significant biosensors market growth during the forecast period. As a result of their ability to measure health status and monitor illness start and progression, they are widely utilised in home healthcare and are expected to drive biosensors market growth. Government initiatives focused at the advancement of genomics and proteomics are expected to drive the growth of the biosensor market during the forecast period 2021-2027. National Information and Communication Technology Australia, for example, is expected to increase its data mining, networks, and embedded systems research in this subject. Besides, the Chinese government is investing substantially in its computing networks, which were launched by the Chinese Academy of Sciences and are funded by the Ministry of Science and Technology. Furthermore, most IT companies are significantly investing in the biosensors sector. Biosensors Market growth is expected to be boosted by investments from major IT companies such as Infosys, TCS, and IBM. Biosensors Market 1

Biosensors Market Segment Analysis:

Based on the Type, the market is segmented into Sensor Patch, and Embedded Device. Embedded Device segment is expected to hold the largest market share of xx% by 2027. Point-of-care, home diagnostics, food and beverage, research lab, environmental monitoring, and biodefense are just a few of the uses for these devices. The growth of Internet of Things (IoT) devices has resulted in a significant shift in connected healthcare applications. IoT allows for real-time alerting, tracking, and monitoring, allowing for hands-on treatments, increased accuracy, appropriate medical intervention, and better overall patient care. Many healthcare facilities have begun to implement embedded solutions for IoT-enabled medical devices in order to solve the shortage of doctors in rural areas. These Internet of Things-enabled medical gadgets assist in identifying disorders in patients and performing various tests in order to deliver accurate and dependable therapy to patients in remote areas. As a result, embedded devices are becoming more popular. Based on the Application, the market is segmented into Point of Care, Home Diagnostics, Research Lab, Biodefense, Environmental Monitoring, Food & Beverages, and Agriculture. Home Diagnostics segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The biosensors market growth can be due to rising healthcare advances, a high rate of acceptance of new diagnostic procedures, and the convenience of employing home-based medical devices. Demand for home diagnostics has increased as a result of the new coronavirus outbreak. As a result, manufacturers in the home diagnostics sector are increasing their capacity. Besides, demand for wearable devices is increasing, and as lifestyle disorders grow more widespread, the biosensors market in the home diagnostics segment has enormous potential. Biosensors Market 2

Biosensors Market Regional Insights:

Asia Pacific region is expected to dominate the Biosensors market during the forecast period 2021-2027. Asia Pacific region is expected to hold the largest market share of xx% by 2027. The presence of a huge population base and the rising incidence of various lifestyle disorders are the major drivers of biosensors market growth in Asia Pacific. In terms of foreign investment, China's healthcare industry has been gradually opening up to international participation, both in terms of things removed from the National Negative List and those added to the National Encouraged List. In 2019, the National Encouraged List was updated to include new raw materials for vaccine production and medical institutions. This suggests that China is increasingly encouraging healthcare investment and providing possibilities for international investors to benefit from preferential regulations and tax rates. Such policies are expected to open up a slew of chances for the biosensors market during the forecast period 2021-2027. Biosensors Market 3

Biosensors Market Key Trends:

Biosensors for Genetic Disease Detection and Mutation Screening Scientists at the University of California, San Diego, have developed a platform that can detect mutations in DNA with extreme sensitivity. A huge research group led by the Center of Excellence for Nanomedicine and Engineering created a sensor that can identify single nucleotide polymorphisms (SNPs) in a DNA sequence. SNPs are variations in the sequence of a single nucleotide in a gene. This mutation has been linked to a range of disorders, including cancer, heart disease, diabetes, and autoimmune diseases, despite the fact that it has no acute health consequences. The researchers used a synthesised DNA sequence to encapsulate a graphene field effect transistor that is complimentary to the mutation being examined. An electrical signal is generated as DNA or RNA sequences with SNP mutations are found. This biosensor, according to the scientists, is a prototype for a one-day implanted device that can identify SNPs and genetic alterations in real time and notify users via mobile phone. Wearable Biosensors for Wellness Monitoring In continuous health monitoring, wearable biosensors are gaining traction. Wireless sensors encased in bandages or patches, or in a body-worn form factor, are used for sensing. The data collected by biosensors is processed and used to predict the likelihood of a patient's clinical condition deteriorating, as well as to track the impact of necessary clinical measures. Sweat, blood, and other biological substances are frequent analytes used to generate clinical outcomes. The Fraunhofer Institute in Germany has created a non-invasive, wearable nano-biosensor for continuous glucose monitoring. The glucose levels are measured by the body-worn gadget using tissue fluids such as tears or sweat. This non-invasive glucose monitoring technology, which is still under development, is seen as the wearables industry's next benchmark. The objective of the report is to present a comprehensive analysis of the Global Biosensors Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Biosensors Market dynamic, structure by analyzing the market segments and project the Global Biosensors Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Biosensors Market make the report investor’s guide.

Biosensors Market Scope: Inquire before buying

Global Biosensors Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 22.40 Bn.
Forecast Period 2021 to 2027 CAGR: 7.5% Market Size in 2027: US $ 39.35 Bn.
Segments Covered: by Type • Sensor Patch • Embedded Device
by Product • Wearable Biosensors • Non-wearable Biosensors
by Technology • Electrochemical Biosensors • Optical Biosensors • Piezoelectric Biosensors • Thermal Biosensors • Nanomechanical Biosensors
by Application • Point of Care • Home Diagnostics • Research Lab • Biodefense • Environmental Monitoring • Food & Beverages • Agriculture

Biosensors Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Biosensors Market Key Players

Abbott Point of Care Inc. • Universal Biosensors Inc. • LifeScan Inc. • Medtronic Inc. • F. Hoffman-La Roche Ltd. • DuPont • Sysmex Corporation • Bio-Rad laboratories Inc. • Pharmaco-Kinesis Corporation • Nova Biomedical Corp • ACON Laboratories, Inc. • LifeSensors Inc. • Biosensors International Group Ltd. • Roche • Cytiva • Dexcom, Inc.

Frequently Asked Questions:

1] What segments are covered in Biosensors Market report? Ans. The segments covered in Biosensors Market report are based on Type, Product, Technology, and Application. 2] Which region is expected to hold the highest share in the Biosensors Market? Ans. Asia Pacific is expected to hold the highest share in the Biosensors Market. 3] Who are the top key players in the Biosensors Market? Ans. Abbott Point of Care Inc., Universal Biosensors Inc., LifeScan Inc., Medtronic Inc., F. Hoffman-La Roche Ltd., and DuPont are the top key players in the Biosensors Market. 4] Which segment holds the largest market share in the Biosensors market by 2027? Ans. Embedded Device segment hold the largest market share in the Biosensors market by 2027. 5] What is the market size of the Biosensors market by 2027? Ans. The market size of the Biosensors market is expected to reach US $39.35 Bn. by 2027. 6] What was the market size of the Biosensors market in 2020? Ans. The market size of the Biosensors market was worth US $22.40 Bn. in 2020.
1. Global Biosensors Market: Research Methodology 2. Global Biosensors Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Biosensors Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Biosensors Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Biosensors Market Segmentation 4.1 Global Biosensors Market, by Type (2020-2027) • Sensor Patch • Embedded Device 4.2 Global Biosensors Market, by Product (2020-2027) • Wearable Biosensors • Non-wearable Biosensors 4.3 Global Biosensors Market, by Technology (2020-2027) • Electrochemical Biosensors • Optical Biosensors • Piezoelectric Biosensors • Thermal Biosensors • Nanomechanical Biosensors 4.4 Global Biosensors Market, by Application (2020-2027) • Point of Care • Home Diagnostics • Research Lab • Biodefense • Environmental Monitoring • Food & Beverages • Agriculture 5. North America Biosensors Market (2020-2027) 5.1 Global Biosensors Market, by Type (2020-2027) • Sensor Patch • Embedded Device 7.5 Global Biosensors Market, by Product (2020-2027) • Wearable Biosensors • Non-wearable Biosensors 5.3 Global Biosensors Market, by Technology (2020-2027) • Electrochemical Biosensors • Optical Biosensors • Piezoelectric Biosensors • Thermal Biosensors • Nanomechanical Biosensors 5.4 Global Biosensors Market, by Application (2020-2027) • Point of Care • Home Diagnostics • Research Lab • Biodefense • Environmental Monitoring • Food & Beverages • Agriculture 5.5 North America Biosensors Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Biosensors Market (2020-2027) 6.1. Asia Pacific Biosensors Market, by Type (2020-2027) 6.2. Asia Pacific Biosensors Market, by Product (2020-2027) 6.3. Asia Pacific Biosensors Market, by Technology (2020-2027) 6.4. Asia Pacific Biosensors Market, by Application (2020-2027) 6.5. Asia Pacific Biosensors Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Biosensors Market (2020-2027) 7.1 Middle East and Africa Biosensors Market, by Type (2020-2027) 7.5. Middle East and Africa Biosensors Market, by Product (2020-2027) 7.3. Middle East and Africa Biosensors Market, by Technology (2020-2027) 7.4. Middle East and Africa Biosensors Market, by Application (2020-2027) 7.5. Middle East and Africa Biosensors Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Biosensors Market (2020-2027) 8.1. Latin America Biosensors Market, by Type (2020-2027) 8.2. Latin America Biosensors Market, by Product (2020-2027) 8.3. Latin America Biosensors Market, by Technology (2020-2027) 8.4. Latin America Biosensors Market, by Application (2020-2027) 8.5. Latin America Biosensors Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Biosensors Market (2020-2027) 9.1. European Biosensors Market, by Type (2020-2027) 9.2. European Biosensors Market, by Product (2020-2027) 9.3. European Biosensors Market, by Technology (2020-2027) 9.4. European Biosensors Market, by Application (2020-2027) 9.5. European Biosensors Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Abbott Point of Care Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Universal Biosensors Inc. 10.3. LifeScan Inc. 10.4. Medtronic Inc. 10.5. F. Hoffman-La Roche Ltd. 10.6. DuPont 10.7. Sysmex Corporation 10.8. Bio-Rad laboratories Inc. 10.9. Pharmaco-Kinesis Corporation 10.10. Nova Biomedical Corp 10.11. ACON Laboratories, Inc. 10.12. LifeSensors Inc. 10.13. Biosensors International Group Ltd. 10.14. Roche 10.15. Cytiva 10.16. Dexcom, Inc.

About This Report

Report ID 34375
Category Electronics
Published Date Sept 2019
Updated Date Jan 2022
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