In a recent research report by Maximize Market Research, the Wearable Biosensors Market is expected to surpass US $ 22.21 billion by the year 2027, from US $ 12.2 billion in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 10.5 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Steering Systemin the region, the Value – Chain analysis, and the PORTER’s analysis for the Wearable Biosensors Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Type (Sensor Patches, Embedded Sensors), By Product Type (Wearable Electrochemical Biosensors, Wearable Optical Biosensors, Wearable Piezoelectric Biosensors, Wearable Thermal Biosensors, Others), By Application (Healthcare & Medical, Environmental Monitoring, Military & Défense, Food & Agriculture, Others) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Product Type, the wearable electrochemical biosensors segment is dominating the market with a share of 37.4% in 2020. Wearable electrochemical biosensors provide accurate sensitivity and faster response, and can be easily combined into labs-on-chips to obtain better point-of-care critical platforms. Wearable electrochemical biosensors are widely used in environmental monitoring and quality control of food.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (TE Connectivity, Texas Instruments Incorporated, Infineon Technologies AG, Panasonic Corporation, Koninklijke Philips N.V., Huawei Technologies Co., Ltd., Robert Bosch GmbH, Broadcom, Molex, LLC, VitalConnect, Zimmer & Peacock AS, Withings SA, Acon Laboratories Inc. , Universal Biosensors, Pharmaco-Kinesis Corporation (PKC)) in the Wearable Biosensors Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Wearable Biosensors Market.”
https://www.maximizemarketresearch.com/market-report/wearable-biosensors-market/121669/
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