Press release
Global Biosensors Market Size, Share, Impressive Industry Growth Report 2027
The global biosensors market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period (2021-2027). The increasing demand for the treatment of infectious diseases is driving the market growth. As a result, the market players are focusing on expanding their revenue generation from the biosensor's products. A large number of the market players are focusing on the new product launches, mergers and acquisitions, partnerships, and technological advancements to gain a significant market share during the forecast period. For instance, in December 2020, ACON Laboratories, Inc., a leading point of care, and medical device across the globe have announced that it received the FDA approval of OTC clearance for the Distinct Early detection pregnancy test. This pregnancy test kit detects the human chorionic gonadotropin (hCG) in urine and assists individuals by determining a pregnancy.(Get 15% Discount on Buying this Report)
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Furthermore, In June 2020, LifeSensors has launched an FDA-approved COVID-19 IgG Elisa Detection kit. This presence of the IgM antibodies in the Elisa kit detects that the patient has an active or recent infection of the COVID-19 virus. Apart from it, in November 2019, ACON Laboratories, Inc. has launched the On-Call Extra Mobile Bluetooth-enable Blood glucose monitoring system, which offers user-friendly features for the management of diabetes and available at a competitive price. Thus, the major players' focus on the development of innovative products for individuals is showing the lucrative growth of the global biosensors market during the forecast period.
A Full Report of Global Biosensors Market is Available at: https://www.omrglobal.com/industry-reports/biosensors-market
Recent Strategic Initiatives in the Global Biosensors Market
In November 2020, LifeScan, a leader in blood glucose monitoring, has announced the partnership with Shoppers Drug mart Inc., a provider of pharmacy products and services. This partnership is done to pilot the retailer’s first digital diabetes management program. Launching the program at the drug mart to engage diabetes patients in Canada through the AI technology of the OneTouch Reveal Plus app.
In October 2020, Johnson &v Johnson, has announced the acquisition of Momenta Pharmaceuticals, Inc. for around $6.5 billion. Momenta discovers and develops novel therapies for immune-related mediated diseases.
In September 2020, Bio-Rad Laboratories, Inc., a leader in diagnostics products and life science research globally, has announced the acquisition of Celsee Inc., the company that offers consumables for isolation, detection, and analysis of a single cell. The innovative products and technologies of Celsee Inc., assist the company to extend the reach globally in the precision of medicine and single cells analysis and that enhanced the insight into the disease, diagnosis, and treatment.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Biosensors Market Report Segment
By Technology
Optical Sensors
Thermal Sensors
Piezoelectric Sensors
Electrochemical Sensors
By Application
Medical Application
o Diabetes
o Cardiac Disease
o Pregnancy Tests
o Cancer
o Blood-Related Issues
o Infectious disease
Food Toxicity Detection
Agriculture
Bioreactor
Others (Environment)
By End-User
Home Healthcare Diagnostic
Point Of Care Testing
Research Laboratory
Food Industry
Others (Security & Bio-defense)
Global Biosensors Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of the Asia-Pacific
Rest of the World
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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