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Electrochemical Biosensors Market 2018; Elegant Expansion Seen in Healthcare Sector with Leading Players like - Abbott Laboratories, Siemens Healthcare GmbH, etc. by 2022
Electrochemical Biosensors Market
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Electrochemical Biosensors Market - Global Insights
The growth of the market is likely to driven by increasing diabetic population, rising prevalence of chronic and lifestyle induced disease, increasing demand for POCT, increasing application of biosensors in various industries. However, factors such as strict regulatory requirements, reimbursement policies issues in healthcare systems is further hampering the market.
The Global electrochemical biosensors market, is projected to grow at a CAGR of 9.7% and is expected to reach USD 23707.2 million by 2022. Globally North America accounted for the largest market share in 2016.
Applications of biosensors are increasing in various industries such as food, medical, environment, drug discovery, and security. Biosensors are used for detection and identification of diseases in crops and for measuring the level of pesticides, herbicides, and heavy metals in soil and ground water. Similarly, increasing presence of toxins, chemicals, and pathogens in food is a major concern. Biosensors are used to ensure quality and safety of products and detection of microbial pathogens and toxins in food, and are cost-efficient. In the recent years, there have been several initiatives and legislative actions for environmental pollution control. In addition, increasing social and scientific concerns about water quality control is increasing the demand for biosensors. Increasing number of harmful pollutants in the environment has also created a need for analytical and monitoring devices.
Electrochemical Biosensors Market - Top Vendors
F. Hoffmann-La Roche AG, Medtronics, Bayer AG, Abbott Laboratories, I-SENS, Inc, Siemens Healthcare GmbH and others.
Electrochemical Biosensors Market - Competitive Analysis
Some of the Major players of this market are those that holds the largest market share of Electrochemical biosensors market: Hoffmann-La Roche AG; Medtronics; Bayer AG; Abbott Laboratories; I-SENS, Inc; Siemens Healthcare GmbH and others.
Electrochemical Biosensors Market - Segmentation:
Global Electrochemical biosensors market has been segmented on the basis of applications which comprises of diagnosis, monitoring and others. Furthermore on the basis of end users the market is segmented into point of care testing, diagnostics center, research laboratories and others.
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Regional Analysis of Electrochemical Biosensors Market:
As per Market Research Future analysis, the global electrochemical biosensors market has grown tremendously in Asia-Pacific. Geographically, North America holds the largest share of more than 43.0% of electrochemical biosensors market and is expected to be the leading market during 2016-2022. Usage of biosensor technology in North America is high as compared to other regions of the world due to technological advancements and broader application areas in different industries. Since, the healthcare expenditure is high in North America, biosensor devices are used extensively for accurate, reliable and quick results for early detection and prevention of diseases.
After North America region, Europe market is the second largest market in the global electrochemical biosensors market. Whereas Asia Pacific region is expected to be the fastest growing market due to increasing R&D funding by the developing countries like China and India for the development of biosensor products.
Major TOC of Electrochemical Biosensors Market Research Report- Forecast Till 2022:
1 REPORT PROLOGUE
2 INTRODUCTION
3 RESEARCH METHODOLOGY
4 MARKET DYNAMICS
5 MARKET FACTOR ANALYSIS
6 GLOBAL ELECTROCHEMICAL BIOSENSORS MARKET, BY APPLICATION
7 GLOBAL ELECTROCHEMICAL BIOSENSORS MARKET, BY END USER
8 GLOBAL ELECTROCHEMICAL BIOSENSORS MARKET, BY REGION
9 COMPETITIVE LANDSCAPE
10 COMPANY PROFILE
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