The Worldwide Biosensors Industry is Expected to Reach $30.3 Billion by 2027 – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Biosensors – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Biosensors estimated at US$18 Billion in the year 2020, is projected to reach a revised size of US$30.3 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027.
Glucose Testing, one of the segments analyzed in the report, is projected to record a 7.3% CAGR and reach US$17.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Environmental segment is readjusted to a revised 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 7.2% CAGR
The Biosensors market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
Other Applications Segment to Record 8.1% CAGR
In the global Other Applications segment, USA, Canada, Japan, China and Europe will drive the 8.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.6 Billion in the year 2020 will reach a projected size of US$7.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.5 Billion by the year 2027.
Select Competitors (Total 70 Featured):
- Abbott Point of Care Inc.
- ABTECH Scientific Inc.
- AgaMatrix Inc.
- Anitoa Systems LLC
- Binergy Scientific Inc.
- Biolan Microbiosensores S.L.
- Bio-Rad Laboratories Inc.
- Cambridge Life Sciences Limited
- F. Hoffmann-La Roche Ltd
- GE Healthcare Life Sciences
- I-SENS Inc.
- LifeScan Inc.
- Medtronic plc
- MilliporeSigma
- NeuroSky Inc.
- Nova Biomedical Corporation
- PerkinElmer Inc.
- Sarissa Biomedical Ltd
- Sensor-Kinesis Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Biosensor: Critical Role in Providing a Convenient, Easy and Faster Way of Testing at the Point of Concern or Care
- Recent Market Activity
- Developed Economies at the Forefront of Growth in Biosensors Market
- Medical Applications Dominate Global Biosensors Use
- POC Testing Leads Medical Biosensors Market
- Non-Medical Applications Continue to Gain Prominence for Biosensors
- Electrochemical Biosensors: The Leading Segment with Increasing Use in Medical and Non-Medical Applications
- Wearable Biosensors: An Emerging and Promising Product Market
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Alarming Rise in Diabetes: Favorable Prospects for Biosensors Market
- Increasing Need for Testing: Potential Opportunities for Biosensors Market
- Glucose Biosensor Market: Enabling Analysis of Glucose Levels in Patients
- Mobile Glucose Monitoring Devices to Drive Demand for Biosensors
- Potential Growth Opportunities in Home and Point-of-Care Testing Applications
- Rising Demand for Biosensors from POC Testing Applications
- Biosensors for Cardiovascular Disease Monitoring
- Biosensors in Cholesterol Testing: A Promising Application
- Wearable Biosensors – No Longer Science Fiction!
- Wearable Sensors for Wound Healing
- Researchers Develop Lab-on-a-Chip Biosensor for Wearable Devices
- Biosensors to Check for CO Poisoning Risk
- Biosensors to Solve Crime
- ESPRIT Program Initiates Biosensors for Sports Applications
- Google’s Smart Contact Lens for Diabetes Management
- Disposable Biosensor Device to Monitor Intestine Rate
- Self-Powered Wearable Sensors
- Bioengineers Devise Wearable Biosensor for Diabetes Monitoring
- NIH Offers Funding Support for Wearables to Monitor Progression of Huntington’s Disease
- Biosensors in Drug Discovery – ‘Catching Pace’
- Cell Culture Monitoring Biosensors Market: Personalized Medicine and Biologics to Spur Growth
- Biosensors Find Increasing Use in Environmental Applications
- Setting New Frontiers for Food Safety Testing – An Emerging Application
- Automotive Sector Offers Sanguine Opportunities
- Action against Biological Warfare Agents: Focus on Effective Biosensors
- Nano Biosensors Market: Promising Opportunities in Store
- Growing Focus on Using Nanomaterials in Glucose Biosensors
- Nucleic Acid-based Biosensors Find Prominence
- Technological Innovations: Spearheading Growth in the Biosensors Market
- Cutting-Edge Design – Order of the Day
- Increasing R&D Activity Bodes Well for Biosensors Market
- Biosensor Applications Develops Multisensing Systems for Homeland Security
- Amity University Researchers Develop Biosensing Platform for Dengue Diagnosis
- Researchers Develop Biosensing Platform for Screening Mutations and Detecting Genetic Diseases
- Fraunhofer Institute Developing Non-Invasive, Wearable Nano-Biosensor for Glucose Level Monitoring
- University of Swansea University Develops Highly Sensitive Graphene Biosensor for Glucose Monitoring
- McMaster University Researchers Develop Biosensor Patch on Packaging to Detect Bacteria in Food Products
- Plasmonic Biosensors to Enable Development of User-Friendly Health Tests
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/wjn5d7
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