Biosensors Market to Grow at a CAGR of 7.9% from 2022 to 2030 | Industry Trends and Forecast Study

Biosensors Market Analysis Overview:

In a recent research report by Market Research Community, the biosensors market is expected to surpass USD 45.99 billion by the year 2030, from USD 23.20 billion in 2021.

Biosensors are chemical sensing devices in which a biologically generated recognition is connected to a transducer, allowing the quantification of some complicated biochemical parameter.

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The optical category is predicted to expand the quickest. Owing to their comprehensive analytical coverage, optical biosensors are expected to be in higher demand over the projected period. Optical biosensors enable receptor-cell interactions, fermentation monitoring, structural studies, concentration, kinetic, and equilibrium assessments, among other things. For these reasons, the market for optical biosensors is predicted to grow.

Top Key Players of the Biosensors Market:
Bio-Rad Laboratories Inc.; Medtronic; Abbott Laboratories; Biosensors International Group Ltd.; Pinnacle Technologies Inc.; Ercon, Inc.; DuPont Biosensor Materials; Johnson & Johnson; Koninklijke Philips N.V.; LifeScan, Inc.; QTL Biodetection LLC; Molecular Devices Corp.; Nova Biomedical; Molex LLC; TDK Corporation; Zimmer & Peacock AS; Siemens Healthcare.

During the projected period, the market in the Middle East and Africa is predicted to develop at a high rate. Key drivers driving the Middle East and Africa market include the existence of considerable unmet medical needs for target illnesses such as diabetes, cancer, and other infectious diseases, as well as consistently growing healthcare expenditure in the area and rising patient awareness.

Rising demand for point-of-care, home healthcare, and other adult-focused healthcare enterprises, as well as government initiatives to reduce hospital stays by developing outpatient care models, are expected to drive market growth throughout the estimated period.

The market is projected to grow at a significant pace reaching a CAGR of approximately 7.9%, over the forecast period of 2022-2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

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Type Covered in This Report Are:
Sensor Patch
Embedded Device

On the Basis of Application:
Medical (Cholesterol, Blood glucose, Blood gas analyzer, Pregnancy testing, Drug discovery, Infectious disease)
Food toxicity
Bioreactor
Agriculture
Environment, Others.

The study is consolidated into major segments and further into sub-segments, such as by type (Sensor Patch, Embedded Device), by product (Wearable Biosensors, Non-wearable Biosensors) by Technology (Thermal, Electrochemical, Piezoelectric, Optical) by Application (Medical, Cholesterol, Food toxicity, Bioreactor, Agriculture, Environment, Others) by end use (Home healthcare diagnostics, POC testing, Food industry, Research laboratories, Security and bio-defense) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.

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Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

By End User:
Home healthcare diagnostics, POC testing, Food industry, Research laboratories, Security and bio-defense.

Contact:
Market Research Community
+44-20-8133-9198
sales@marketresearchcommunity.com

Market Research Community is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain. The industry provides consulting services, syndicated research reports, and customized research reports.

This release was published on openPR.