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Biosensors Market Key Trends and Opportunity Analysis 2020

10-11-2017 09:20 AM CET | Health & Medicine

Press release from: TMR - Research Reports

Biosensors Market Key Trends and Opportunity Analysis 2020

The global biosensors market is dominated by F. Hoffman-La Roche Ltd., Abbott Point of Care Inc., and LifeScan Inc., which collectively held 54% of the global market in 2013. According to Transparency Market Research, development of advanced products is set to be a crucial competitive strategy for players in the biosensors market in the coming years. Other leading players in the global biosensors market include Medtronic Inc., AgaMatrix Inc., LifeSensors Inc., Nova Biomedical Corporation, and Siemens Healthcare.

Increasing Prevalence of Diabetes to Drive Development of Advanced Biosensors

One of the key applications of biosensors is in diabetes monitoring and management, since the precision offered by biosensors reduces the chances of errors and makes the subsequent treatment safer. The increasing prevalence of diabetes thanks to the increasing number of people leading an unhealthy lifestyle has thus presented the biosensors industry a promising opportunity, as the demand for more accurate and reliable biosensors is set to increase in the coming years. Many biosensors manufacturers have invested heavily in R&D to make the most of this opportunity, although smaller players in the market have been unable to do the same due to the high R&D costs in the biosensors industry.

View Report Details at: https://www.transparencymarketresearch.com/biosensors-market.html

The increasing application scope of biosensors is another key driver for the global biosensors market. Since biosensors can be customized to monitor various biomarkers, they can be used to monitor and detect a wide range of ailments. The improving accuracy of biosensors is likely to result in an expansion in the application range of biosensors, leading to promising growth prospects for the global biosensors market in the coming years.

Apart from versatility and precision, the demand for smaller biosensors that provide efficient output is another key factor expected to shape the growth trajectory of the biosensors market. Miniaturization of sensors is an increasingly popular trend in the healthcare industry, since smaller sensors are more convenient for the patient. Smaller biosensors are also helpful in non-healthcare applications of biosensors.

View and Download TOC of Biosensors Market Research Report@ https://www.transparencymarketresearch.com/report-toc/1272

Electrochemical Biosensors to Retain Dominance in Global Biosensors Market

By technology, the electrochemical biosensors segment is the leading contributor to the global biosensors market, with the revenue from electrochemical biosensors expected to be more than US$11.9 bn by the end of 2016. Optical biosensors are also likely to receive steady demand in the coming years, accompanied by a drop in the market share of piezoelectric and thermal biosensors.

By application, the medical industry dominates the demand from the global biosensors market and is expected to reach a valuation of more than US$11 bn by the end of 2016. Other leading applications of biosensors include food toxicity detection, agriculture, industrial process control, and environmental applications.

Request and Download Sample Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1272

Geographically, North America is set to remain the leading contributor to the global biosensors market. However, the Asia Pacific and RoW markets for biosensors are set to exhibit higher CAGRs than North America and Europe in the 2014-2020 forecast period.

Buy Full Biosensors Market Report@ https://www.transparencymarketresearch.com/checkout.php?rep_id=1272<ype=S

About TMR

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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