Development of Biosensors Market in Global Industry : Overview, Size and Share 2017
The report developed by Persistence Market Research includes global analysis of biosensors market and an in-depth research on how the market is estimated to progress in the six-year forecast period of 2014-2020.
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At the outset, the report describes biosensors as a product and technologies that are incorporated within it that make it among top-selling healthcare instrument. In this section, biosensors are identifies as devices or components integrated with analytical detection of biological samples. Constructed with a recognition unit that interacts with enzymes, antibodies, living tissues, and other bio-elements, and a transducer that converts this bio-elemental information into electrical signal. Here, the report elaborates the applications of biosensors in food toxicity detection, industrial processing & monitoring, agricultural applications, environmental pollution control, and medical testing.
The report signifies that rampant detection, portability and cost-effectiveness of biosensors renders it suitable for such applications. Among such applications, the report focuses on point-of-care testing (POCT) and the need for biosensors in such medical testing methods. Helping clinicians by providing essential biological information and keeping a track on the pathogenic activities in the host/patient body endorses the use of biosensors in prevalent medical testing methods such as POCT. In this section, the impact of nanotechnology, non-invasive biosensors, personalized medicine, rising demand for proper clinical management, and growing incidences of lifestyle-based and chronic disorders on the global biosensors market is stated descriptively.
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On the other hand, strict regulatory requirements and reimbursement policy issues in healthcare systems are major concerns for the market. In addition, rising healthcare cost in developing countries, such as India and China, is hampering affordability of healthcare facilities among the aging population. In addition, rising healthcare cost in these countries and lack of approval of biosensor devices for reimbursement are hampering the affordability of healthcare facilities among the aging population.
The report further mentions the restraints for growth of the global biosensors market. Rising healthcare costs in developing countries such as India and China, affordability of ideal healthcare facilities by the global geriatric population, strict medicinal regulations and disparaging reimbursement policies observed in the global healthcare industry are some of the key factors curbing the growth of global biosensors market.
The report includes regional segmentation of global biosensors market into key regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). In this section, the report elucidates dominance of North America over the global biosensors market, and the prominence of other regions such as Europe and Asia-Pacific. The report concludes with market value estimation for the forecast period, and comprehensive profiling of leading players shaping up the competitive landscape in the global biosensors market.
To deduce the global biosensors market size, the report considers various aspects based on secondary research. Furthermore, key data points such as region-wise split and market split by technology, end-users, and applications; and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution in the global biosensors market.
The report begins with sizing the market in terms of value and volume for the base year, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, gathered data is triangulated via different analysis based on supply side and demand side drivers and other key dynamics of the global biosensors market. To develop the market forecast, Persistence Market Research has also conducted a factor analysis to understand the impact of various forces/factors on the target market. The report provides forecasts not only in terms of CAGR but also presents a detailed analysis based on key parameters such as Year-on-Year (Y-o-Y) growth to understand market predictability and to identify the right opportunities.
Another key feature of this report is an analysis of the global biosensors market and the corresponding revenue forecast in terms of absolute dollar opportunity, usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global biosensors market. Further, to understand key segments in terms of their growth and overall global biosensors market performance, Persistence Market Research has developed a market attractiveness index to help providers identify existing market opportunities in the global biosensors market.
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Some of the major players in the biosensors market:
Abbott Laboratories, Inc.
Nova Biomedical Corporation.
Johnson and Johnson.
Hoffmann-La Roche, Ltd.
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