Global Biosensors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2028

  • TBI625835
  • May 28, 2022
  • Global
  • 200 pages
  • IFF Market Research

Global Biosensors Market 2021: By Product (Non-wearable Biosensors, Wearable Biosensors, Body Wear, Neckwear, Footwear, Eyewear, Wrist Wear), By Technology (Nano-Mechanical Biosensors, Thermal Biosensors, Piezoelectric Biosensors, Optical Biosensors, Electrochemical Biosensors), By Application (Food & Beverages, Environmental Monitoring, Biodefense, Research Lab, Home Diagnostics, Point of care (POC)

Global Biosensors Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global biosensors market report has been segmented on the basis of product, technology, application, and region.Request Covid - 19 Impact The Global Biosensors market size was valued at USD $22.57 Billion in 2020, USD $24.33 Billion in 2021, forecasted to reach USD $26.22 Billion in 2022, and is projected to reach USD $47.74 Billion by 2030, and is anticipated to expand at a CAGR of 7.78% over the forecast period from 2020 to 2030.

Global Biosensors Market: Overview

Biosensors are analytical devices that contain a combination of biological detecting components such as a transducer and sensor system. These sensors have features such as sensitivity, stability, and reproducibility. Biosensors can be divided into four types namely voltammetric biosensors, impedimetric biosensors, potentiometric biosensors, and amperometric biosensors.

Global Biosensors Market: Dynamics

Increasing adoption of biosensors for glucose level monitoring in the healthcare sector is a major factor driving growth of the global biosensors market. In addition, high adoption of biosensors for point of care applications for monitoring and testing the health condition of an individual is another factor supporting growth of the global market. Development of nanotechnology-based biosensors is a factor fueling growth of the target market. Furthermore, government initiatives for the use of advanced technology for diagnostics is a factor expected to support growth of the global biosensors market in the near future. However, the high cost of research and development activities is a factor that may hamper growth of the global biosensors market. In addition, the slow rate of commercialization of biosensors is another factor that could affect growth of the global market. Nevertheless, increasing demand for biosensors for environmental monitoring and in food and beverage sector can create high revenue opportunities for players in the target market.

Global Biosensors Market: Segment Analysis

Among the product segments, the wearable biosensors segment is expected to register high growth in terms of revenue over the forecast period. Increasing adoption of wearables for health monitoring as they are cost-effective, easy to use, and offer mobility and comfort to the end users is a factor driving growth of the wearable biosensors segment in the global market. Among the technology segments, the optical biosensors segment is expected to register lucrative growth in terms of revenue in the near future. Optical biosensors offer label-free, real-time, and direct detection of various chemical and biological substances. They are cost-effective sensors that come in small size. Optical biosensors also offer high sensitivity and specificity. These are some of the factors supporting growth of this segment in the target market.

Global Biosensors Market: Regional Analysis

Currently, the market in North America accounts for major share in terms of revenue and is expected to register lucrative growth over the forecast period. Growing prevalence of chronic diseases is a major factor driving growth of the target market in this region. In addition, increasing demand for point of care devices such as glucose monitoring, hematology devices, coagulation monitoring, cholesterol testing, etc. is another factor fueling growth of the target market, especially in the US in this region. Market in Asia Pacific is expected to register the fastest growth in terms of revenue in the near future. Growing healthcare infrastructure, coupled with increasing healthcare spending are factors supporting growth of the target market in this region. Additionally, rising awareness regarding various diseases and their treatment among individuals is another factor anticipated to augment growth of the biosensors market in the next 10 years.

Below are the active patents related to Biosensors Market.

Patent Number: US8140143B2 Washable wearable biosensor Abstract A washable, wearable biosensor that can gather sensor data, communicate the sensed data by wireless protocols, and permits the analysis of sensed data in real-time as a person goes about their normal lifestyle activities. The biosensor can be worn in multiple positions, can be put on or removed quickly without having to apply or remove gels and adhesives, and provides a snug, comfortable fit to gather data with minimal motion artifacts. The textile, wearable device can support integrated photoplethysmography, skin conductance, motion, and temperature sensors in a small wearable package. The supported sensors may be coupled to utilization devices by channel-sharing wireless protocols to enable the transmission of data from multiple users and multiple sensors (e.g. both sides of body, wrists or hands and feet, or multiple people). An on-board processor, or the receiving utilization device, can map patterns of the physiological and motion data to signals or alerts such as a likely seizure, drug craving, or other states that the wearer may exhibit or experience. The sensor data may be sent by wireless transmission and received by a mobile phone or other personal digital device, a computer, a favorite toy, or another wearable device. The sensors may include multiple photoplethysmographs and/or one or more EDAs which perform a time-domain measurement of skin conductance. Type: Grant Filed: 2009-04-16 Date of Patent: 2012-03-20 Assignee : Massachusetts Institute of Technology Patent Number: US20170325724A1 Non-invasive and wearable chemical sensors and biosensors Abstract A non-invasive epidermal electrochemical sensor device includes an adhesive membrane; a flexible or stretchable substrate disposed over the adhesive membrane; and an anodic electrode assembly disposed over the flexible or stretchable substrate including an iontophoretic electrode. The device includes a cathodic electrode assembly disposed adjacent to the anodic electrode assembly over the flexible or stretchable substrate and includes an iontophoretic electrode. Either the cathodic electrode assembly or the anodic electrode assembly also includes a sensing electrode that includes a working electrode and at least one of a counter electrode or a reference electrode. The iontophoretic electrode in either the anodic electrode assembly or the cathodic electrode assembly that includes the sensing electrode is disposed on the substrate to at least partially encompass the working electrode and the at least one of the counter electrode or the reference electrode. The device includes an electrode interface assembly including independent electrically conductive contacts Type: Grant Filed: 2015-12-03 Date of Patent: 2017-11-16 Assignee : University of California

Below are the leading companies profiled in this Biosensors Market Report:

  • Abbott Laboratories Inc.
  • AgaMatrix Holdings LLC
  • AZUR Environmental
  • Bayer HealthCare AG
  • Bio-Rad Laboratories Inc. (US)
  • Biosensor BV
  • Cranfield Biotechnology Centre
  • DowDupont Inc. (DuPont de Nemours Inc.)
  • DuPont Biosensor Materials
  • EG & IC Sensors, Inc.
  • Ercon, Inc.
  • F. Hoffmann-La Roche Ltd.
  • General Electric (Biacore Inc.)
  • Hoffmann Roche (Switzerland)
  • Innovative Biosensors Inc.
  • i-Sens, Inc. (South Korea)
  • Johnson & Johnson (US)
  • Life Sensors, Inc. (US)
  • LifeScan, Inc.
  • Medtronic plc (Ireland)
  • Molecular Devices Corp.
  • Nova Biomedical Corporation (US)
  • PHC Holdings Co.Ltd. (Ascensia Diabetes Care Holdings AG)
  • Pinnacle Technologies Pvt. Ltd (US)
  • QTL Biosystems
  • Roche (Switzerland)
  • Siemens (Germany)
  • Strategic Diagnostics
  • Sysmex Corporation
  • Universal Biosensors

Global Biosensors Market Segmentation:

Segmentation by Product
  • Non-wearable Biosensors
  • Wearable Biosensors
  • Body Wear
  • Neckwear
  • Footwear
  • Eyewear
  • Wrist Wear
Segmentation by Technology
  • Nano-Mechanical Biosensors
  • Thermal Biosensors
  • Piezoelectric Biosensors
  • Optical Biosensors
  • Electrochemical Biosensors
Segmentation by Application
  • Food & Beverages
  • Environmental Monitoring
  • Biodefense
  • Research Lab
  • Home Diagnostics
  • Point of care (POC)

This research comprehensively answers the following 9 important questions:

  • Q.1. What are some of the most promising growth trends in the Biosensors market worldwide?
  • Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  • Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  • Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Biosensors market?
  • Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Biosensors market?
  • Q.6.What are the emerging trends post COVID-19 reshuffle in this Biosensors market and the what are reasons behind these trends and do they translate in global exploration?
  • Q.7. Who are the major global and regional players in the Biosensors market? Which are the strategic initiatives key players are pursuing for business growth?
  • Q.8.Which are the competing products in Biosensors market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Biosensors industry?

Chapter 1 Methodology and Scope
  • 1.1 Market definitions
  • 1.2 Base estimation & working
  • 1.2.1 North America
  • 1.2.2 Europe
  • 1.2.3 APAC
  • 1.2.4 LATAM
  • 1.2.5 MEA
  • 1.3 Forecast calculation
    • 1.3.1 COVID-19 impact calculations on industry forecast
  • 1.4 Data sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
    • Paid sources
    • Public sources
  • Chapter 2 Executive Summary
  • 2.1 Biosensors industry 360° synopsis, 2017 - 2028
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