Biosensors Market Worth $ 33.85 Billion by 2027 – Exclusive Report by Emergen Research

Continuous technical developments in the environment of biosensors, increasing usage of biosensors for non-medical uses, lucrative growth in POC diagnostics, and increased demand for glucose monitoring systems are likely to drive the market development.

The global Biosensors Market is forecasted to reach USD 33.85 Billion by 2027, according to a new report by Emergen Research. A biosensor is a tool that senses and transmits knowledge about a life cycle. It is used by an observer or device to calculate and transform a biological reaction into an electrical signal and interpret it quickly. These instruments have a wide variety of uses, from medical, food and beverage, healthcare, to the agricultural and other industries. For various monitoring instruments, biosensors are used for cameras, pressure monitors, gyroscopes, accelerometers, optical and image monitors, microfluidics, temperature sensors, and flow meters. These instruments may be either automated or analog, including those capable of calculating wind, temperature, velocity, light, barometric pressure, acceleration, gases, physiological pressure, magnetic field chemicals, vibration, and moisture.

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Further key findings from the report suggest

Based on the technology, optical generated a revenue of USD 04.19 billion in 2019. It projected to rise with a CAGR of 7.5% in the forecast period, owing to the growing demand in research field including fundamental research, concentration, receptor-cell interactions, fermentation control, kinetic analysis, and equilibrium study,.

The food industry expected to grow with a CAGR of 7.5% in the forecasted period, owing to the rising issues for the identification of allergic components and contaminants in food have paved the way for rapid nutritional analyzes to preserve product freshness and regular testing of raw materials.

The medical application is the major contributor to the Biosensors Market. The medical applcation of the Asia Pacific region are the major shareholder of the market and held around 61.4% of the market in the year 2019, due to the usage of cholesterol assay biosensors, blood pressure control, blood gas analyzer, fertility research, product development, and infectious diseases, thereby an essential tool for detecting and monitoring a wide range of medical conditions, from diabetes to cancer.

The North America dominated the market for Biosensors in 2019. The region's consistent focus on cost-effective and innovative procedures that are adopted in the area is driving the market. The North America region held approximately 38.7% of the market, followed by the Asia Pacific, which contains around 27.9% market in the year 2019.

Key participants include Thermo-Fisher Scientific, Abbott Laboratories, Biosensors International, TE Connectivity Corporation, Molecular Devices Corp., Pinnacle Technology, Siemens Healthineers, Bio-Rad International, DowDuPont Inc., and Roche Diagnostics, among others.

Biosensors Market Region:

The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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The Global Biosensors Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Biosensors industry.

Technology Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Thermal
Electrochemical
Optical
Others

End-Use Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
Home Healthcare Diagnostics
POC Testing
Food Industry
Research Laboratories
Security & Bio-Defense

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Medical
Food Toxicity
Bioreactor
Agriculture
Others

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The report considers the following timeline for market estimation:

Historical Years: 2017-2018

Base Year: 2019

Estimated Year: 2027

Forecast Years: 2020-2027

Significant Features of the Biosensors Market Report:

Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players

Assessment of the existing and emerging trends of the business sphere

Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years

Significant breakdown of the market to assess the factors that might influence the global market growth

An 8-year forecast for better understanding of the workings and growth opportunities of the market

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