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Asia-Pacific Biosensors Market Analysis 2017 to 2024: Rising Demand for Disposable, Cost-Efficient & User-Friendly Devices
Press release from: Data Bridge Market Research
Asia-Pacific Biosensors Market is expected to reach USD 7,184.0 million by 2024 from USD 3,424.5 million in 2016, at a CAGR of 9.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this Asia-Pacific biosensors market are increasing use of biosensors to monitor glucose levels in individuals with diabetes and rising demand for disposable, cost-efficient & user-friendly devices of the market are furthermore boosting the growth of the global biosensor market. The biosensors market in the Asia-Pacific region is leading in India.
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Asia-Pacific Biosensors Market By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nanomechanical Biosensors, Thermal Biosensors, Others), By Product (Wearable Biosensors, Non-Wearable Biosensors), By Application (Point Of Care (POC), Home Diagnostics And Biodefence, Environmental Monitoring, Food & Beverage Industry, Research Labs), By Country (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC) – Industry Trends and Forecast to 2024
Key Drivers: Asia-Pacific Biosensors Market
Asia-Pacific is the growing market for biosensor market. The growth in this market is due to increasing use of biosensors to monitor glucose levels in individuals with diabetes and rising demand for disposable, cost-efficient & user-friendly devices.
Key Points: Asia-Pacific Biosensors Market
Abbott (i-STAT) is going to dominate the North America biosensor market following with Johnsons & Johnson Services, Inc. (OneTouch Verio meter, OneTouch Verio IQ meter, OneTouch UltraMini meter) and Medtronic (TruRhythm Detection Inside, SEEQ Mobile Cardiac Telemetry System, INVOS Regional Oximetry).
Electrochemical biosensors market is expected to dominate the Asia-Pacific biosensors market.
The biosensors market in the Asia-Pacific region is leading in India.
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Market Segmentation: Asia-Pacific Biosensors Market
The Asia-Pacific biosensors market is segmented on the basis of product type, application and end user.
On the basis of technology, the Asia-Pacific biosensor market is segmented into electrochemical biosensors, optical biosensors, piezoelectric biosensors, nanomechanical biosensors, thermal biosensors and others. The Asia-Pacific biosensor market is dominated by electrochemical biosensors with 41.8% market share in 2017, growing with a CAGR of 9.4% in the forecast period. Electrochemical biosensors are sub segmented into amperometric sensors, potentiometric sensors and conductometric sensors. Amperometric sensors are further sub segmented into blood glucose sensors. Potentiometric sensors are further sub segmented into immunosensors, penicillin biosensor and urea biosensor.
Optical biosensors are further sub segmented into surface plasmon resonance (SPR), calorimetric biosensors and fluorescence biosensors.
On the basis of product, the Asia-Pacific biosensor market is segmented into wearable biosensors and non-wearable biosensors. Wearable biosensors are expected to dominate the Asia-Pacific biosensor market with 80.0% market share. Wearable biosensors are further sub segmented into wrist wear, eyewear, footwear, neckwear, body wear and others.
On the basis of application, the Asia-Pacific biosensor market is classified into point of care (POC), home diagnostics and biodefence, environmental monitoring, food & beverage industry and research labs. In 2017, point of care (POC) is expected to dominate the market with 53.4% market share. Point of care (POC) are further sub segmented into glucose monitoring, cardiac markers, infectious diseases, coagulation monitoring, pregnancy & fertility testing, blood gas & electrolytes, tumor or cancer markers, urinalysis testing, cholesterol tests and others.
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Global Biosensors Market – Industry Trends and Forecast to 2024
Global Biosensors Market By Technology (Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nanomechanical Biosensors, Thermal Biosensors, Others), By Product (Wearable Biosensors, Non-Wearable Biosensors), By Application (Point Of Care (POC), Home Diagnostics And Biodefence, Environmental Monitoring, Food & Beverage Industry, Research Labs), By Geography (North America, Europe, Asia-Pacific, South America, Middle East And Africa)– Industry Trends and Forecast to 2024
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