Biosensors Market Latest Advancements & Outlook By Top Players Abbott Point of Care Inc., F. Hoffman-La Roche Ltd., Medtronic, Inc., Siemens AG, LifeScan, Inc., Acon Laboratories Inc., Universal Biosensors, Nova Biomedical Corp

According to the Global Diabetes Community, 2017, around 422 million adults are living with diabetes globally, where the number is expected to escalate to around 642 million by 2040. Also, according to the American Heart Association, 2016, cardiovascular diseases account for 17.3 million deaths every year globally, where an estimated 23.3 million people are expected to die from CVD by 2030, thus illustrating the rising need to adopt devices offering timely diagnosis of craniological disorders.

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In February 2018, Nanomedical Diagnostics launched Graphene Biosensor- FLEX, which can be easily integrated with company’s Agile R100 protein assay system to increase the efficiency of the drug discovery process. Moreover, wearable biosensors have provided cost-effective, affordable, and personalized healthcare monitoring devices in various commercial applications. Furthermore, advancement in technology, increasing popularity in care diagnostics, and the application of biosensors in medical science are key factors driving the global biosensors market growth. Moreover, the proliferation of nanotechnology, chemistry, and medical science, and increase in geriatric population have fueled growth of global biosensors market.

Moreover, manufacturers and researchers are developing advanced systems such as real-time biosensors to provide instant insights about health status thereby, providing significant opportunities in improving personalized care. For instance, in 2016, VitalConnect, Inc. launched FDA approved Vital Connect platform to achieve better health and economic outcomes. The platform includes HealthPatch MD biosensor and the single-use VitalPatch biosensor.

or instance, in 2016, the University of California, San Diego, with funding from the National Institute of Biomedical Imaging and Bioengineering (NIBIB), have created a wearable sensor that detects alcohol levels in perspiration and send information to smartphone. According to the Center of Disease Control and Prevention, around 88,000 people in the U.S. die every year from alcohol-related causes and according to the National Highway Traffic Safety Administration, over 9,900 people are killed in drunk driving crashes.

Key players in the global biosensors market are adopting novel strategies for launching innovative biosensors with enhanced product quality to cater to the demand of consumers for various types of biosensor products. For instance, in 2016, Profusa, Inc. received a US$ 7.5 Mn grant from Defense Advanced Research Projects Agency (DARPA) and the U.S. Army Research Office (ARO) to develop implantable biosensors for continuous monitoring of chemical constituents.

Some of the key players operating in the global biosensors market include Abbott Point of Care Inc., F. Hoffman-La Roche Ltd., Medtronic, Inc., Siemens AG, LifeScan, Inc., Acon Laboratories Inc., Universal Biosensors, Nova Biomedical Corp., Bio-Rad Laboratories Inc., Ercon, Inc., Biacore, and Sysmex Corporation.

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Biosensors Market - Market Taxonomy

On the basis of product type, the global biosensors market is segmented into:

Wearable Devices
Non-wearable Devices
On the basis of technology, the global biosensors market is segmented into:

Optical
Thermal
Electrochemical
Piezoelectric
Others
On the basis of application, the global biosensors market is segmented into:

Drug Development
Medical Diagnosis
Research
Others
On the basis of region, the global biosensors market is segmented into:

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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