Biosensor Market Trends That Will Drive Success In 2020
Biosensor Market Information, by technology (electrochemical biosensors, optical biosensors, thermal biosensors, piezoelectric biosensors), by end user (point of care, home diagnostics, research laboratories, food industry, security and biodefense) by application (medical testing, food toxicity, industrial process, environmental market, agricultural testing, others) - Forecast to 2020
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Globally the market for biosensor is increasing moderately. Biosensor is devices composed of transducer and biological element for providing analytical information. These devices convert biological response into an electrical response, to recognize the function and structure of various molecules. Biosensors are complicated and effective device capable of fast detection and measuring wide spectrum in various applications.
It has various applications in the field of healthcare, industrial process control, military application, environmental monitoring, agriculture and veterinary monitoring.
The global biosensor market is growing moderately due to increase in prevalence of diabetic population, rise in geriatric population, increasing demand of POCT, rising prevalence of chronic and lifestyle associated diseases, and increasing application of biosensors in various industries.
Key Players for Biosensor Market:
Abbott Laboratories Inc., F. Hoffmann-La Roche Ltd., Bayer Healthcare, Johnson & Johnson, Medtronic, Inc., and Siemens Healthcare, Nova Biomedical Corporation, LifeSensors Inc., TiaDoc Technology Corporation, I-SENCE Inc.
Biosensor market has been segmented on the basis of technology which comprises of electrochemical biosensors, optical biosensors, thermal biosensors, piezoelectric biosensors and others. On the basis of end user, the market is segmented into point of care, home diagnostics, research laboratories, food industry, security and biodefense and others. On the basis of application, the market is segmented into medical testing, food toxicity, industrial process, environmental market, agricultural testing and others.
Biosensor market expected to grow at CAGR of 9.6% during the period 2014-2020
Geographically, North America has the largest share in global biosensors market, while Asia-Pacific has emerged as the fastest growing region
Based on the technology, electrochemical biosensors has the largest market share in the biosensor market
Security and biodefense are the most popular end user in the biosensors market
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Study objectives of Biosensor Market:
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the biosensor market
To provide insights about factors affecting the market growth
To analyze the biosensor market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by technology, by end user, by application and its sub-segments.
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global biosensor market.
Regional Analysis of Biosensor Market:
Considering the global scenario of the market, Americas region is believed to be the largest market for biosensor. Moreover the European market is also growing continuously and slowly catching up with the American market. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the biosensor during the forecasted period. Middle East & Africa region are likely to have a limited but steady growth in the market.
Table of Content
1 Research and methodology
1.1 Market Definition
1.2 Market Breakdown By Different Categories
1.3 Market Breakdown By Geography
1.4 Research Methodology And Sources
2 Executive Summery
2.1 Key Findings
2.2 Research Summary
3 Market outlook
3.2 Trends In The Market
3.2.1 Rising Product Innovation
3.2.2 Technological Advancement Of Biosensors Leading To Miniaturizations Of Sensors
3.3 Opportunities In The Market
3.3.1 Opportunity From Increasing Demand Of Personalized Medicine
3.4 Factors Driving The Market And Its Impact On Market Forecast
3.4.1 Rising Aging Population
3.4.2 Increasing Diabetic Population
3.4.3 Rising Prevalence Of Chronic And Lifestyle Induced Disease
3.4.4 Increasing Demand For POCT
3.4.5 Increasing Application Of Biosensors In Various Industries
3.4.6 Impact Analysis Of Drivers On Market Forecast
3.5 Factors Hindering The Market And Its Impact On Market Forecast
3.5.1 Strict Regulatory Requirements
3.5.2 Reimbursement Policies Issues In Healthcare Systems
3.5.3 Impact Analysis Of Restraints On Market Forecast
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