Global Study on Biosensor Market

Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020

Persistence Market Research

Biosensor Market is expected to reach USD 22,551.2 million in 2020: Persistence Market Research

Persistence Market Research

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 Persistence Market Research Released New Market Report “Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020,� the global biosensor market was valued at USD 12,963.6 million in 2014 and is expected to grow at a CAGR of 9.7% from 2014 to 2020, to reach an estimated value of USD 22,551.2 million in 2020.

Globally, the biosensors market is witnessing significant growth due to increasing demand of point of care testing. In addition, rising prevalence of chronic and lifestyle associated diseases, growing geriatric population, increasing application of biosensors in various industries and growing application of nanotechnology in healthcare are also driving the growth of the market. In addition, emergence and demand of personalized medicine and non-invasive biosensors would also drive the growth for the market. However, strict regulatory requirements and reimbursement policy issues in healthcare system hamper growth of the global biosensor market. In addition, the regulatory process is not keeping pace with the rapid development of new medical technologies.The global biosensors market is anticipated to grow from an estimated USD 12,963.6 million in 2014 to USD 22,551.2 million in 2020 at a CAGR of 9.7% during the forecast period.

Browse the full Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/biosensor-market.asp

In North America, growing aging population, increasing health awareness, rising chronic and lifestyle diseases, technological developments for various home use applications, and appropriate insurance coverage are driving the use of biosensor devices in the market.

In Europe, the biosensors device market is driven by rising diagnostic requirements due to increasing lifestyle associated diseases, aging population and improving healthcare infrastructure. On the other hand, increasing healthcare costs has shifted the focus of healthcare from hospitals to home, which would increase the use of biosensors devices in the region.

However, Asia is becoming one of the most attractive markets for medical device companies. The growth for biosensor devices in Asia is much higher than developed countries due to widening health insurance penetration, large population base and up-gradation of health care systems.

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 Abbott Laboratories, Inc, Siemens Healthcare, Nova Biomedical Corporation, Bayer AG, Johnson and Johnson, Medtronic, Inc. and Hoffmann-La Roche, Ltd. are some of the major players of biosensors market.

The biosensors market is segmented as follows: Biosensors market, by technology 

Electrochemical biosensors



Optical biosensors



Piezoelectric biosensors



Thermistor biosensors

Biosensors market, by application 

Medical diagnostics



Food toxicity detection



Industrial process control



Environmental



Agricultural testing

Biosensors market, by end user 

Point-of-care testing



Home healthcare diagnostics



Research laboratories



Security and bio-defense

Biosensors market, by geography 

North America



Europe



Asia

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 

Rest of the World (RoW)

Market History: Globally, the biosensors market is witnessing significant growth due to increasing demand of point of care testing. In addition, rising prevalence of chronic and lifestyle associated diseases, growing geriatric population, increasing application of biosensors in various industries and growing application of nanotechnology in healthcare are also driving the growth of the market. In addition, emergence and demand of personalized medicine and non-invasive biosensors would also drive the growth for the market. However, strict regulatory requirements and reimbursement policy issues in healthcare system hamper growth of the global biosensor market. In addition, the regulatory process is not keeping pace with the rapid development of new medical technologies.The global biosensors market is anticipated to grow from an estimated USD 12,963.6 million in 2014 to USD 22,551.2 million in 2020 at a CAGR of 9.7% during the forecast period.

North America is the largest market for global biosensors. Electrochemical biosensors are the most used technology of biosensors, medical diagnostics are the most popular application of biosensors and biosensors are mostly used in POCT. In terms of growth, Asia Pacific is the fastest growing region; optical biosensors make for the fastest growing type of technology, while security and bio-defense make for the fastest growing type of end user.

The North American market is anticipated to grow from an estimated USD 5,693.4 million in 2014 to USD 9,522.2 million in 2020, growing at a CAGR of 8.9% during the forecast period.

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020

Table of Content Chapter 1 Preface 9 1.1 Report description 9 1.2 Research methodology 10 1.3 Assumptions 10 Chapter 2 Market synopsis 11 Chapter 3 Porter’s five forces analysis 13 3.1 Bargaining power of suppliers 13 3.2 Bargaining power of buyers 14 3.3 Threat of new entrants 14 3.4 Threat of substitutes 14 3.5 Intensity of rivalry 15 Chapter 4 Industry overview 16 4.1 Market definition 16 4.2 Market Drivers 17 4.2.1 Increasing demand for POCT 18

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 4.2.2 Rising prevalence of chronic and lifestyle-induced diseases 18 4.2.3 Growing geriatric population 19 4.2.4 Increasing application of biosensors in various industries 20 4.2.5 Growing application of nanotechnology in healthcare 21 4.3 Impact analysis of market drivers 21 4.4 Market restraints 22 4.4.1 Reimbursement policy issues in healthcare systems 22 4.4.2 Strict regulatory requirements 23 4.5 Impact Analysis of market restraints 24 4.6 Opportunities 25 4.6.1 Non-invasive biosensors 25 4.6.2 Emergence and growth of personalized medicine 25 4.7 Market Trends 26 4.7.1 Miniaturization of sensors 26 4.7.2 Growing product innovation 26

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 Chapter 5 Global market size and forecast 28 Chapter 6 Market size and forecast by technology 35 6.1 Electrochemical biosensors 35 6.2 Optical Biosensors 37 6.3 Piezoelectric biosensors 39 6.4 Thermistor biosensors 41 Chapter 7 Market size and forecast by application 43 7.1 Medical diagnostics 43 7.2 Food toxicity detection 46 7.3 Industrial process control 48 7.4 Environmental 50 7.5 Agricultural testing 52 Chapter 8 Market size and forecast by end user 55 8.1 Point of care testing 55 8.2 Home healthcare diagnostics 57 8.3 Research laboratories 59

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 8.4 Security and bio-defense 61 Chapter 9 Market size and forecast by geography 63 9.1 North America 63 9.2 Europe 65 9.3 Asia Pacific 67 Chapter 10 Competitive scenario 70 10.1 Competitive benchmarking 70 Chapter 11 Company profiles 72 11.1 Abbott Laboratories, Inc. 72 11.1.1 Company overview 72 11.1.2 Products and services 72 11.1.3 Financial performance 73 11.1.4 Recent developments 73 11.2 LifeSensors, Inc. 74 11.2.1 Company overview 74 11.2.2 Products and services 74

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 11.2.3 Financial performance 74 11.2.4 Recent developments 75 11.3 Siemens Healthcare 76 11.3.1 Company overview 76 11.3.2 Products and services 76 11.3.3 Financial performance 77 11.3.4 Recent developments 77 11.4 Nova Biomedical Corporation 78 11.4.1 Company overview 78 11.4.2 Products and services 78 11.4.3 Financial performance 79 11.4.4 Recent developments 79 11.5 Johnson & Johnson 80 11.5.1 Company overview 80 11.5.2 Products and services 80 11.5.3 Financial performance 80

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 11.5.4 Recent developments 81 11.6 Medtronic, Inc. 82 11.6.1 Company overview 82 11.6.2 Products and services 82 11.6.3 Financial performance 83 11.6.4 Recent developments 83 11.7 Hoffmann-La Roche, Ltd. 85 11.7.1 Company overview 85 11.7.2 Products and services 85 11.7.3 Financial performance 86 11.7.4 Recent developments 86 11.8 Bayer AG 88 11.8.1 Company overview 88 11.8.2 Products and services 88 11.8.3 Financial performance 88 11.8.4 Recent developments 89

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 11.9 TaiDoc Technology Corporation 90 11.9.1 Company overview 90 11.9.2 Products and services 90 11.9.3 Financial performance 90 11.9.4 Recent developments 91 11.10 I-SENS, Inc. 92 11.10.1 Company overview 92 11.10.2 Products and services 92 11.10.3 Financial performance 92 11.10.4 Recent developments 92 About Us: Persistence Market Research is a global market research firm specializing- syndicated research, custom research, and consulting services

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Global Biosensor Market: Global Market Study on Biosensors:

Asia-

Pacific to Witness Highest Growth by 2020 PMR’s Services Go Beyond Gleaning Data

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