Press release
Biosensors Market Outlook: Size, Share, Demand, and Industry Growth Forecast (2024-2033)
Biosensors Global Market Report 2024
According to The Business Research Company's, The biosensors market size has grown rapidly in recent years. It will grow from $31.01 billion in 2023 to $24.63 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to increased focus on preventive healthcare, rising prevalence of chronic diseases, growing demand for point-of-care diagnostics, and expanding applications in environmental monitoring and food safety.
The biosensors market size is expected to see rapid growth in the next few years. It will grow to $54 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to the proliferation of wearable health devices, the surge in demand for rapid diagnostic tests, advancements in data analytics and connectivity, the emergence of precision medicine initiatives, the increasing focus on environmental monitoring and food safety regulations, and the expansion of applications in personalized nutrition and wellness. Major trends in the forecast period include increased demand for wearable biosensors, expansion of point-of-care testing, integration of artificial intelligence and machine learning, growth in chronic disease management solutions, rising adoption of biosensors in agriculture, and environmental monitoring.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/biosensors-global-market-report
Market Drivers and Trends:
The rising prevalence of chronic disorders is expected to propel the growth of the biosensors market going forward. Chronic disorders refer to long-term medical conditions that persist over an extended period, often requiring ongoing management and treatment to control symptoms and maintain quality of life. Chronic disorders are on the rise due to a combination of factors, including sedentary lifestyles, poor dietary habits, genetic predispositions, and environmental pollutants. Biosensors enable early detection and continuous monitoring of biomarkers, revolutionizing the management of chronic disorders. For instance, in June 2023, according to the data published by The Lancet, a UK-based book and periodic data publishing organization, global diabetes cases are projected to increase from 529 million in 2021 to 1.3 billion by 2050. Therefore, the rising prevalence of chronic disorders is driving the growth of the biosensor market.
Major companies operating in the biosensors market are focused on developing advanced non-invasive monitoring products, such as real-time sweat patches, to address the increasing need for convenient and accurate health monitoring solutions. A real-time sweat patch is a wearable biosensor that continuously monitors biomarkers in sweat, providing immediate health insights. For instance, in December 2022, Nix Biosensors, a US-based biosensors product company, launched Nix Hydration Biosensor, a breakthrough in consumer biosensor technology providing personalized hydration data for endurance athletes through sweat analysis. The product includes a comfortable, non-invasive sweat patch, which continuously monitors fluid and electrolyte levels, and a durable pod for data transmission to the Nix App. The app offers real-time hydration insights to aid in athletes' preparation for activities. Nix aims to revolutionize how athletes manage hydration during exercise with its innovative features and scientific validation.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=15525&type=smp
Major Key Players of the Market:
Johnson & Johnson, F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic plc, Danaher Corporation, Siemens Healthineers, Becton Dickinson and Company, Agilent Technologies, Illumina Inc., Sartorius AG, BioMérieux SA, Cytiva, PerkinElmer Inc., Sysmex Corporation, Dexcom Inc., Bio-Rad Laboratories, Bruker Corporation, HORIBA Ltd., Lifescan Inc., Nova Biomedical, Bio-Techne Corporation, Sensirion AG, Proteus Digital Health, Acon Laboratories Inc., 908 Devices Inc.
Biosensors Market 2024 Key Insights:
• The biosensors market size is expected to see rapid growth in the next few years. It will grow to $54 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%.
• Rising Prevalence Of Chronic Disorders Fuels The Biosensor Market.
• Innovative Biosensor Technologies Revolutionizes Hydration Monitoring
• North America was the largest region in the biosensors market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=15525&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biosensors Market Outlook: Size, Share, Demand, and Industry Growth Forecast (2024-2033) here
News-ID: 3704898 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Biosensor
Biosensor Market Projected to Revelation Growth at +8% CAGR by 2030 | ABBOTT LAB …
The biosensor is described as a machine that uses precise biochemical reactions negotiated by isolated enzymes, immunosystems, tissues, organelles, or whole cells to identify chemical compounds, usually by electrical, thermal, or optical signals. Research and development of biosensors are becoming the most widely studied exercise because the easy, rapid, highly sensitive, low-cost, and highly selective biosensors provide advances in next-generation medicines such as individualized medicine and ultrasensitive point-of-care detection of…
Smart Biosensor Market 2022 | Detailed Report
The Smart Biosensor report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry.
The Smart Biosensor report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them…
Continual Inventions To Accelerate The Biosensor Market
The global Biosensor Market is expected to stimulate at a good rate In Upcoming Years. Virtual consultations are amongst the ongoing trends. They mitigate the spreading of contagious ailments, thereby facilitating better efficiency. The gap regarding the demand-supply ratio could also be bridged this way. With this practice being followed, the developing economies would benefit better, as the cost to commute could be curtailed.
According to a new market report published…
Biosensor System Market Precise Outlook 2021 - Abbott, Venture Dadar, Biosensor …
Global Biosensor System Market Research Report published by market insight reports explores the current outlook in global and key regions from the perspective of Major Players, Countries, Product Types, and end industries. This report analyzes top players in the global market and divides the Market into several parameters.
This Biosensor System Market research report identifies the competitive landscape of industries to understand the competition at the International level. This report study describes the…
Cell Culture Monitoring Biosensor Market, Worldwide, 2030
The “Cell Culture Monitoring Biosensor Market Analysis to 2030” is a specialized and in-depth study of the Cell Culture Monitoring Biosensor industry with a focus on the Cell Culture Monitoring Biosensor market trend. The report aims to provide an overview of the Cell Culture Monitoring Biosensor market with detailed market segmentation by component, application, end-user, and geography. The Cell Culture Monitoring Biosensor market is expected to witness high growth during…
Global Biosensor System (in Semiconductors Market 2018-2025) Abbott, Biosensor I …
Press Release – 04 Dec 2018
Research and Development News --
. .
Latest Update "Global Biosensor System Market Insights, Forecast to 2025" with Industries Survey | Global Current Growth and Future.
' '
A biosensor is an analytical device, used for the detection of a chemical substance, that combines a biological component with a physicochemical detector.
Biosensors owing to their potential to fulfil these criteria through an interdisciplinary combination of approaches from medical science,…
