The Biosensors refers to investigative devices composed of transducer and biological element for providing analytical information. These devices convert biological response into an electrical response, to recognize the function and structure of various molecules. The biosensors work on various technologies, including electrochemical biosensors, optical biosensors, thermal biosensors and piezoelectric biosensors.

Key findings of Biosensors Market:

The key findings of the report “Global Industry Insight: Global Biosensors Market Development and Demand Forecast to 2020” include:

  • Increasing prevalence of diabetes and lifestyle induced diseases, increasing demand for POCT and rise in geriatric population are major factors driving the growth of biosensors market
  • Strict regulatory requirements for biosensors inhibits the growth of biosensors market
  • Geographically, North America has the largest share in global biosensors market, while Asia-Pacific has emerged as the fastest growing region in the market
  • Based on the technology, electrochemical biosensors has the largest share in the biosensors market
  • Security and biodefense are the most popular end user in the biosensors market

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Rising product innovation in biosensors helps clinicians to diagnose various diseases in less time. In addition, technological advancement of biosensors leads to increased need for portability and integration of biosensors in the applications of health, food, and environment.

Rise in aging population is the vital cause for the growth of biosensors market. In addition, increasing prevalence of chronic diseases due to alteration in lifestyle drives the market. However, strict regulatory requirements for the approval of biosensors inhibit the growth of the market.

Globally, electrochemical biosensors have the largest market share in biosensors market as it is the most used biosensor. However, optical biosensors are the fastest growing segment in the biosensors market. In terms of end-user, point of care has the largest share in biosensors market, but security and biodefense is the fastest growing category in the biosensors market.

Biosensors are used in the medical diagnostics application for accessing, diagnosis and monitoring of various diseases. These devices are easy to use, cost effective and also reduce errors during a diagnosis. In addition, these devices are also used for the detection of toxicity levels of wastewater and monitoring of harmful pollutants in the environment.

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Major Competitors: Some of the major competitors include Siemens Healthcare, LifeSensors, Inc., Nova biomedical Corporation, Abbott Laboratories, Inc., Johnson and Johnson, Medtronic, Inc., F. Hoffmann La Roche, and Bayer AG

Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger & acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics.
  • Profiles provide better understanding of competition as well as the demands of the market.

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