Press release
Rising Prevalence Of Chronic Disorders Fuels The Biosensor Market. Driver: Leading Transformation in the Biosensors Market in 2025
Biosensors Market Share
The increased incidence of chronic diseases is anticipated to stimulate the expansion of the biosensors market. Chronic diseases are long-term medical afflictions that last for prolonged periods and often necessitate continuous management and therapy to manage symptoms and uphold the patient's quality of life. The escalation in chronic conditions is attributed to a blend of factors such as inactive lifestyles, unhealthy eating habits, hereditary factors, and environmental contaminants. Biosensors permit the early identification and ongoing tracking of biomarkers, transforming the handling of chronic diseases. To illustrate, data released by The Lancet, a UK-based book and periodical publisher, in June 2023 showed that global diabetes cases are expected to rise from 529 million in 2021 to 1.3 billion by 2050. Consequently, the escalating occurrence of chronic diseases is fuelling biosensor market growth.
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What is the future CAGR of the biosensors market, and how will it impact industry expansion?
In recent years, the biosensors market has seen a swift enlargement. The market value is predicted to increase from $34.63 billion in 2024 to $38.77 billion in 2025, with a 12.0% compound annual growth rate (CAGR). Factors that contributed to the growth during the historic period include an intensified emphasis on preventive healthcare, an escalating incidence of chronic diseases, increasing demand for point-of-care diagnostics, and the widening use in areas such as environmental monitoring and food safety.
Over the next few years, the biosensors market is forecasted to experience a significant surge, scaling up to $60.24 billion by 2029, with a compound annual growth rate (CAGR) of 11.6%. Factors contributing to this anticipated growth in the upcoming years encompass the spread of wearable health devices, the ramp-up in demand for instant diagnostic tests, improvements in data analytics and connectivity, the launch of initiatives for precision medicine, the heightened emphasis on monitoring the environment and adhering to food safety regulations, along with the broadened application in personalized nutrition and wellness. Emerging trends including the escalating demand for wearable biosensors, the broadening of point-of-care testing, the amalgamation of artificial intelligence and machine learning, the increase in chronic disease management solutions, the growing use of biosensors in agriculture, and environmental monitoring, are projected to drive growth during the forecast period.
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What are the most significant trends transforming the biosensors market today?
Leading businesses in the biosensors market are centering their efforts on the creation of state-of-the-art non-invasive monitoring items, such as live sweat patches, in response to the growing demand for efficient and accurate health tracking systems. A real-time sweat patch, a type of wearable biosensor, offers continuous health insights by consistently examining biomarkers in sweat. For instance, Nix Biosensors, an American biosensors product firm, unveiled Nix Hydration Biosensor in December 2022. This represents a significant advancement in consumer biosensor technology, delivering personalized hydration information for endurance athletes based on sweat analysis. The product comprises of a wearable sweat patch that is not only comfortable but also continuously tracks fluid and electrolyte levels, along with a robust pod for transmitting data to the Nix App. This application presents live hydration data that can assist athletes in preparing for their physical activities. Nix's innovative features and scientifically confirmed validation are set to disrupt the way athletes regulate their hydration during workouts.
Which key market segments comprise the biosensors market and drive its revenue growth?
The biosensors market covered in this report is segmented -
1) By Product: Wearable Biosensors, Non-Wearable Biosensors
2) By Technology: Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nano Mechanical Biosensors, Thermal Biosensors, Other Technologies
3) By Application: Medical, Food Toxicity, Bioreactor, Agriculture, Environment, Other Applications
Subsegments:
1) By Wearable Biosensors: Glucose Monitoring Biosensors, Heart Rate Monitoring Biosensors, Fitness And Activity Monitoring Biosensors, Oxygen Saturation (Spo2) Monitoring Biosensors, Blood Pressure Monitoring Biosensors, Electrochemical Biosensors For Personal Health, Smartwatches With Biosensor Integration
2) By Non-Wearable Biosensors: Point-Of-Care (POC) Biosensors, Lab-On-A-Chip (LOC) Biosensors, Immunosensors, Optical Biosensors, Enzyme-Based Biosensors, Microbial Biosensors, DNA Biosensors, Electrochemical Biosensors For Medical Diagnostics
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What regions are leading the charge in the biosensors market?
North America was the largest region in the biosensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biosensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the biosensors market?
Major companies operating in the biosensors market are 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.
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What Is Covered In The Biosensors Global Market Report?
•Market Size Forecast: Examine the biosensors market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the biosensors market for a structured understanding.
•Key Players Overview: Analyze major players in the biosensors market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the biosensors market.
•Segment Contributions: Evaluate how different segments drive overall growth in the biosensors market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the biosensors market.
•Industry Challenges: Identify potential risks and obstacles affecting the biosensors market.
•Competitive Landscape: Review strategic developments in the biosensors market, including expansions, agreements, and new product launches.
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