Biosensors Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

The global biosensors market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. The increasing demand for the treatment of infectious diseases is driving the market growth. As a result, the market players are focusing on expanding their revenue generation from the biosensor's products. A large number of the market players are focusing on the new product launches, mergers and acquisitions, partnerships, and technological advancements to gain a significant market share during the forecast period. For instance, in December 2020, ACON Laboratories, Inc., a leading point of care, and medical device across the globe have announced that it received the FDA approval of OTC clearance for the Distinct Early detection pregnancy test. This pregnancy test kit detects the human chorionic gonadotropin (hCG) in urine and assists individuals by determining a pregnancy.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/biosensors-market

Furthermore, In June 2020, LifeSensors has launched an FDA-approved COVID-19 IgG Elisa Detection kit. This presence of the IgM antibodies in the Elisa kit detects that the patient has an active or recent infection of the COVID-19 virus. Apart from it, in November 2019, ACON Laboratories, Inc. has launched the On-Call Extra Mobile Bluetooth-enable Blood glucose monitoring system, which offers user-friendly features for the management of diabetes and available at a competitive price. Thus, the major players' focus on the development of innovative products for individuals is showing the lucrative growth of the global biosensors market during the forecast period.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Technology

o By Application

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Abbott Laboratories (Abbott Point of Care, Inc.,), Bayer AG, Medtronic Inc., F. Hoffman-La Roche Ltd., LifeScan IP Holdings Inc., Universal Biosensors Group, and others.

Recent Strategic Initiatives in the Global Biosensors Market

In November 2020, LifeScan, a leader in blood glucose monitoring, has announced the partnership with Shoppers Drug mart Inc., a provider of pharmacy products and services. This partnership is done to pilot the retailer's first digital diabetes management program. Launching the program at the drug mart to engage diabetes patients in Canada through the AI technology of the OneTouch Reveal Plus app.

In October 2020, Johnson &v Johnson, has announced the acquisition of Momenta Pharmaceuticals, Inc. for around $6.5 billion. Momenta discovers and develops novel therapies for immune-related mediated diseases.

In September 2020, Bio-Rad Laboratories, Inc., a leader in diagnostics products and life science research globally, has announced the acquisition of Celsee Inc., the company that offers consumables for isolation, detection, and analysis of a single cell. The innovative products and technologies of Celsee Inc., assist the company to extend the reach globally in the precision of medicine and single cells analysis and that enhanced the insight into the disease, diagnosis, and treatment.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Biosensors Market Report Segment

By Technology

Optical Sensors
Thermal Sensors
Piezoelectric Sensors
Electrochemical Sensors

By Application

Medical Application
Food Toxicity Detection
Agriculture
Bioreactor
Others (Environment)

By End-User

Home Healthcare Diagnostic
Point Of Care Testing
Research Laboratory
Food Industry
Others (Security & Bio-defense)

A full report of Biosensors Market is available at: https://www.omrglobal.com/industry-reports/biosensors-market

Biosensors Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Abbott Laboratories
ACON Laboratories, Inc.
AgaMatrix, Inc.
Bayer AG
Bio-Rad Laboratories, Inc.
Biosensors International Group Ltd.
DuPont de Nemours, Inc
Hoffman-La Roche Ltd.
Graphene-Info (Metalgrass Ltd.)
Johnson and Johnson Services, Inc.
LifeSensors, Inc.
LifeScan IP Holdings Inc.

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.