Electrochemical Biosensors Market Top Key Players Review 2022 | are Medtronics, F. Hoffmann-La Roche AG, Bayer AG, I-SENS, Abbott Laboratories

The electrochemical biosensors market is projected to touch USD 23, 707.2 million between 2015-2022, states the new Market Research Future (MRFR) report. Electrochemical biosensors, simply put, are analytical devices that are used to offer analytical information through biological samples such as whole-cell, enzymes, and tissues, to electrical signals. They are convenient, disposable, simple, user-friendly, and above all, cost-effective. Electrochemical biosensors have an extensive range of applications, including drug discovery, security, food, environment, medical, to name a few.

Various factors are propelling the electrochemical biosensors market growth. These factors, as stated by the new Market Research Future report, include technological advancements, demand for accurate and quick diagnosis in the medical sector, and increasing application in various industries such as security, drug discovery, environment, medical, food, and more. Additional factors propelling electrochemical biosensors market growth include growing demand for PCOT, rising prevalence of lifestyle-induced and chronic disease, increasing scientific and social concerns about water quality control, growing demand for personalized medicine, and increasing diabetic population.

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Key Players

Some of the players leading the market and profiled in the analysis are Medtronics, F. Hoffmann-La Roche AG, Bayer AG, I-SENS, Abbott Laboratories, Inc, and Siemens Healthcare GmbH among others.

Segmental Analysis

The analysis can be segmented into three key dynamics;

By Application : Diagnosis and Monitoring among others.

By End-user : Point of Care Testing, Diagnostics Center, and Research Laboratories among others.

By Regions : Europe, North America, APAC and the Rest-of-the-World.

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Regional Analysis

Globally, well-developed regions such as North America and Europe account for the leading markets for electrochemical biosensors. The North American market is projected to grow at the CAGR of 9.4% throughout the forecast period, accounting for the largest market share. Whereas, the European electrochemical biosensors market is expected to register 9.8% CAGR throughout the forecast period.

Some of the significant factors driving the growth of the electrochemical biosensors market in these regions include the well-spread health awareness technological developments in healthcare applications and appropriate insurance coverage. Moreover, the growing prevalence of chronic and lifestyle diseases alongside the well-proliferated healthcare sector and the high per capita healthcare sector fosters the market growth in these regions.

Furthermore, the extensive uptake of the biosensor devices in these regions to gain accurate, reliable, and quick results for early detection and prevention of diseases, impacts the market growth positively.
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