Press release
Nanosensors Market Revolutionizing Costs Pertaining the Diagnostics & Improved Therapies that are based on Nanosensors
The cost-effectiveness of manufacturing nanosensors and their compactness make them the preferred choice of sensors amongst various industrial sectors.
As of 2014, the valuation of the global nanosensors market stood at US$26.9 mn and is expected to expand at an exceptionally high CAGR of 80.7% over the forecast period.
The emergence of several industries across Asia Pacific will present lucrative opportunities to the nanosensors market as well. The growing focus on food management is also expected to spur demand for nanosensors as they will prove critical to ensuring quality control in the production of food and beverages.
The extensive application of nanosensors in robotics and in Internet of Things (IoT) in the forthcoming years will also create high-value opportunities for the overall market. The difficulty in large-scale production of nanosensors is the only restraint on the overall market currently, says TMR.
North America dominated the global nanosensors market, accounting for about 39.4% of the total market revenue in 2014. This share was closely followed by Europe and Asia Pacific.
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North America will continue to lead the global market are the nanosensors market in the region is expected to progress at a strong CAGR of 81.2% between 2015 and 2021.
The consistent innovations and investments in research and development of nanosensors to appeal to a wider consumer base have led to several technological advancements in this market.
The Asia Pacific nanosensors market is also on the verge of revolutionizing costs pertaining the diagnostics and improved therapies that are based on nanosensors.
Both of these factors are likely to drive this regional market to a new high. China will lead this extraordinary growth in Asia Pacific due to ongoing technological upgradation in healthcare and biomedical segments.
About TMR
TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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