Press release
Biosensors Market Outlook, Business Strategies, Trends and Forecast to 2028 - Abbott Point of Care Inc., Medtronic Inc., F. Hoffman La-Roche Ltd., Siemens Healthcare AGLifescan, Inc.
Biosensors Market
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Biosensor, an analytical tool, is used to get analytical data using biological samples. These are consist of a biological recognition unit and transducer. The biological recognition unit interacts with enzymes and antibodies, whereas the transducer twists the property of bio-elements like enzymes and antibodies into an electrical signal. Biosensors have variety of applications such as Medicine, food toxicity detection, Agriculture and Biodefense. Biosensors are easy to operate, gives quick results, portable and available at low-price which led to the rapid adoption of Biosensors in fields like medicine, agriculture and environment monitoring. Biosensors have different types such as electrochemical, light addressable potentiometric, resonant mirror, and surface plasmon resonance.
Companies Mentioned:-
• Abbott Point of Care Inc.
• Medtronic Inc.
• F. Hoffman La-Roche Ltd.
• Siemens Healthcare AG
• Lifescan, Inc.
• Nova Biomedical Corp.
• Universal Biosensors
• Bayer Healthcare AG
• Johnson and Johnson
• Biosensor BV
The global Biosensors market is segmented on the technology, and application. On the basis of technology, the global Biosensors market is segmented into electrochemical biosensors, piezoelectric biosensors, optical biosensors, thermal biosensors and nanomechanical biosensors. On the basis of application, the market is segmented into point-of-care, home diagnostics, research labs, security & biodefense, environmental monitoring, food & beverage industry and others.
The increase in demand of point-of-care diagnostics, rising prevalence of diabetes and increasing geriatric populations, are the key factors driving the global biosensors market. The advancement in the field of nanotechnology will also push the biosensors market forward in near future. This has created numerous opportunities for new as well as existing players in the market. However the stringent regulatory environment, rising safety concerns regarding biosensors in research laboratories, point of care testing, home healthcare diagnosis and bio-defense are few factors may restraint the market in the forecasted period.
Detailed segmentation of the market, on the basis of Type and Application and a descriptive structure of trends of the segments and sub-segments are elaborated in the report. It also provides the market size and estimates a forecast from the year 2020 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Biosensors market.
Answers that the report acknowledges:
• Market size and growth rate during forecast period
• Key factors driving the “Biosensors ” market
• Key market trends cracking up the growth of the “Biosensors ” market
• Challenges to market growth
• Detailed company profiles of key vendor of “Biosensors ” market
• Detailed SWOT analysis of ten profiled companies
• Opportunities and threats faces by the existing vendors in Global “Biosensors ” market
• Trending factors influencing the market in different geographical regions
• Strategic initiatives focusing the leading vendors
• PEST analysis of the market for the five major regions
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The report assists in determining and analyzing the key market players’ portfolios with information such as company profiles, components and services offered, financial information for last three years, key developments in past five years, and helps in constructing strategies to gain competitive advantage. The market payers from Biosensors Market are anticipated to gain lucrative growth opportunities in the future with the rising demand for Biosensors at the global level. Below mentioned is the list of few companies engaged in the Biosensors market.
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A biosensor is an analytical device, used for the detection of a chemical substance, that combines a biological component with a physicochemical detector.
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