Biosensors Technological Advancements, Demand and Future Industry Trends 2030

The Biosensors Market crossed US$ 24.86 billion mark in 2022 and is expected to hit US$ 45.48 billion by 2030, recording a CAGR of 7.8% during the forecast period.

Increasing POCT demand in variety of medical applications, growing diabetes population, and surge in need for small handheld diagnostic devices are some of the major factors driving the growth of the market. Moreover, rapid technological advancements in biosensors such as Point of Care (POC) testing and the determination of multianalyte for environment monitoring and screening are some of the factors driving the growth of the market during the forecast period. Miniaturization in biosensors has resulted in development of biosensors, that are easy-to-use and compact, as well as has improved traditional methods of testing and diagnostics. Biosensors are integrated devices that provide analytical information using biological samples and are used to identify the structure and function of molecules, such as DNA and protein, and for medical diagnosis. Moreover, the early symptoms of COVID-19 have been scanned using a variety of methods, including usage of sensor.
The Biosensors Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Biosensors market growth.

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Companies Profiled in this report includes:
o Abbott
o Bio-Rad Laboratories
o Nova Biomedical Corp.
o Pinnacle Technologies Inc.
o Koninklijke Philips N.V.
o Dexcom, Inc.
o TDK Corporation
o Zimmer & Peacock AS
o Medtronic
o Molecular Devices, LLC

Recent strategic developments in Biosensors market
The biosensors market has undergone several significant developments, and a few of these have been mentioned below:
• In May 2020, Philips launched next-generation wearable biosensors for early detection of diseases, including clinical surveillance for COVID-19. Moreover, the biosensor is designed to address a new approach to vital signs measurements, supporting surveillance of higher acuity patients moving from intensive care units into lower acuity general care areas of a hospital.
• In September 2020, Abbott introduced Libre Sense Glucose Sport Biosensor, a glucose sport biosensor designed for athletes to continuously measure glucose in order to better understand the relationship between glucose levels and their athletic performance. The FreeStyle Libre continuous glucose monitoring technology underpins the Libre Sense biosensor, which was originally developed for people living with diabetes. It was the first personal-use gadget based on that technology that isn't just for diabetes.
• In December 2020, Bio-Rad Laboratories expanded its joint marketing agreement with Siemens Healthineers. As part of the agreement, Bio-Rad provided quality control products and unity quality control data management solutions for Siemens Healthineers' Atellica Solution platforms.

Target audience for the report:
• Raw material providers
• Organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• Distributors and sales firms
• End users of biosensor devices, various industries (process industries, environmental monitoring, and others)
• Research institutes, organizations, and consulting firms

Scope of the report:

In this report, the market has been segmented on the basis of:

• Type:
o Sensor Patch
o Embedded Device
• Product:
o Wearable Biosensors
o Non-wearable Biosensors

• Technology:
o Electrochemical biosensors
o Piezoelectric biosensors
o Optical biosensors
o Thermal biosensors
o Nanomechanical biosensors

• Application:
o Point-of-care
o Home diagnostics
o Research labs
o Security and biodefense
o Others

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

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The report offers in-depth assessment of the growth and other aspects of the Biosensors market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

Biosensors Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Biosensors Market
• Biosensors Market Overview
• Biosensors Market Competition
• Biosensors Market, Revenue and Price Trend
• Biosensors Market Analysis by Application
• Company Profiles and Key Figures in Biosensors Market
• Market Dynamics
• Methodology and Data Source

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Biosensors market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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