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Value
Visibility Report Code :HC 1002
2016-2024
Global Biosensors Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Executive Summary
Sample Request Global Biosensors Market Share(%), By Region-2016-2024
Global Biosensors Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
2016e
2017e
2018f
2019f
2020f
2021f
2022f
2023f
2024f
Source: Goldstein Research
In 2016,
Global Biosensors Market Share(%), By Product Type-2016
XX% Wearable Biosensors Non-wearable Biosensors
Source: Goldstein Research
Copyright
North America
25.00 %
Europe
APAC
Latin America
Middle East & Africa
Source: Goldstein Research
Medical Testing Application accounted for the highest market share XX% in Biosensors Market
XX%
4.00% 5.00% 21.00 45.00 2024 % %
4.00 5.00 %% 45.0 21.0 0% 2016 0% 25.0 0%
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With
XX% share in 2016, North America region dominated the collective Global Biosensors market
Global Biosensors Market Share(%), By Technology-2016
10.00 % 35.00 23.00 % % 15.00 17.00 % % Source: Goldstein Research
Electrochemical Piezoelectric Biosensors
Global Biosensors Market Share(%), By Application-2016
12.00% 11.00%
Optical Biosensors Thermal Biosensors Others(Nanomechanical, etc)
15.00%
Medical Testing Food & Beverage Toxicity Testing
50.00%
12.00% Source: Goldstein Research
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Environment Monitoring Bioreactor Testing Agriculture Testing
Key Findings
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The global biosensors market was estimated to be USD XX billion in 2016 and is estimated to grow over USD XX billion by 2024. With the growing popularity of portable, affordable, and user-friendly devices, biosensors market is witnessing a plethora of opportunities in the point of care (PoC) testing sector The commercialization scale of Biosensors Market has been commendable since the development of the first oxygen biosensor by Lel and Clark back in 1962. The remarkable penetration of this industry has been witnessed profoundly in the medical space. With the advent of tissue engineering, nanotechnology, and regenerative medicine, the application portfolio of the biosensors industry has expanded by multiple folds in the medical sector In 2016, the medical applications contributed to approximately XX% of the overall biosensors market, holding a valuation of USD XX billion. The growth is driven by the wide spectrum of biosensor applications in this sector comprising cholesterol monitoring, blood gas analyzer, blood glucose monitoring, drug discovery, and pregnancy testing. Among these, blood glucose monitoring held the largest share of the medical application landscape, driven by the increasing diabetic patient base globally. As per International Diabetes Federation statistics, the diabetic population is estimated to reach 552 million in 2030 which is a rather drastic increase from 366 million in 2011. As per the estimates, blood glucose monitoring segment of the medical biosensors industry is projected to surpass USD XX billion by 2024
e l p
The growth for biosensors market is robust in emerging markets in Asia-Pacific with XX% CAGR (2016-2024) closely followed by XX% in highly developed market of the United States. Europe is the second largest, in terms of value, after the US with an estimated USD XX billion in 2016
m a S
In terms of technology, electrochemical biosensors led the industry having held XX% of the overall revenue in 2016. The segment is forecast to surpass a revenue of USD XX billion by 2024. Optical biosensors are also projected to make substantial contributions with a target CAGR of XX% over the period of 2016-2024
Increasing presence of Contract Research Organizations
Increasing investment in the Biosensors
Recent developments in the field of proteomics and genomics
Global Biosensors Revenue (USD Billion) Asia-Pacific
2016 2024 Copyright
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North America
USD XX Billion
USD XX Billion
USD XX Billion
USD XX Billion www.goldsteinresearch.com
rising adoption of patient centric personalized medicine
Major Players Presence-Regional Analysis
Major Players/ Industries
North America
APAC
Europe
Abbot Genscript Siemens Johnson & Johnson Merck & Co Medtronic Novartis Pfizer Roche Bosch Bayers Source: Goldstein Research Copyright
m a S High Penetration
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Latin America
Middle East & Africa
e l p
Medium Penetration
Low Penetration
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Global Biosensors Market Size (USD Billion) & Growth Analysis Global Biosensors Market Size (USD Billion)-2016-2024
Global Biosensors Market Y-O-Y Growth (%) Analysis-2016-2024 XX
XX
XX%
XX
XX
XX%
XX
XX
e l p
XX%
XX
XX% XX% XX% XX% XX% XX% XX% XX% XX% XX%
XX
XX
XX%
XX
XX XX
XX
XX
XX XX
XX%
XX
XX%
m a S
XX%
XX
XX% XX%
XX
XX%
2016
XX
2016
2017
2018
Source: Goldstein Research
2019
2020
2021
2022
2023
2024
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
North America Biosensors market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, Biosensors revenue increased from USD XX billion in 2015 to USD XX billion in 2016 Depending on the applications, biosensors are also known popularly by the names like immunosensor, optrodes, biochips, glucometers and biocomputer. Biosensor reader device are responsible for the display of the results. This is considered to be the most expensive part of the biosensor. Known manufacturers of biosensor electronic readers include Gwent Biotechnology Systems, Rapid Labs and PalmSens Vital Connect (Campbell, California), a wearable biosensors company is on the way to bring the global market for biosensors to an extreme level by 2024 Copyright
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2024
Global Biosensors Market Overview, By Region and Market Players-2016 Top 9 Countries in Wearable Tech Innovation, 2016
Global Biosensors Market Share (%), By Players, 2016
XX% XX%
XX%
United States
Canada
Switzerland
China
XX%
XX%
m a S XX%
France
Japan
XX%
XX%
XX%
Source: Goldstein Research
India
Israel
Australia
e l p
Roche
XX% XX% XX% XX%
XX% XX% XX% XX%
XX%
Medtronic Abbot Merck & Co.
XX%
Sanofi Johnson & Johnson Pfizer Genscript
XX%
Glaxo SmithKline Bosch Novartis
Source: Goldstein Research
 Japan has a diverse wearable portfolio; from pet activity trackers, to EEG headsets and ending with beautiful LED woven traditional clothing. Many international companies partner with Japanese scientist and manufactures to create new materials that are more flexible and less hot that previous electronics. Even without the global peer pressure, Japanese citizens like wearable technology that answers those weird questions, like what is my dog thinking right now? Australia and India are vastly different in culture and history, however their ability to jump head first into the wearable industry is one to notice Biosensor developments have resulted in increasing adoption of biosensors into the environmental, process industry, security, and biodefense application markets. In the recent past, R&D investments have focused on miniaturization, which has resulted in smaller, more affordable, and more sensitive test monitors, specifically blood glucose monitors. Although noninvasive biosensing alternatives are emerging, nanotechnology-based biosensors have yet to make a mark Copyright
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Market Dynamics of Global Biosensors Market
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Growth Drivers
Rising adoption of wearables
Growth Barriers
m a S Technological advancement in micro-fluids
e l p Miniaturization, sensitivity and variation
High initial investment in the manufacturing and development
General Trend
Highly Complex
Moderately Complex
Waived
Technology Copyright
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U.S. Biosensors Market Size (USD Billion) & Y-O-Y growth (%), 2016-2024 U.S. Biosensors Market Size (USD Billion). 2016-2024
XX%
XX
CAGR: (2016-2024)
XX
XX
2016f
2017f
XX
2018f
Source: Goldstein Research
U.S. Biosensors Market Y-O-Y Growth Rate, 2016-2024
XX
XX%
XX
2019f
XX
XX
m a S 2020f
2021f
2022f
2023f
2015
e l p XX%
XX%
2016e
2017f
Source: Goldstein Research
XX%
2018f
XX%
2019f
XX%
XX%
XX%
XX%
2020f
2021f
2022f
2023f
Y-o-Y
North America will continue to dominate the global biosensors market owing to the flourishing healthcare industry in the US, favorable FDA approvals, and rapid trials for newer medical technologies in point-of-care testing. In 2016, North America’s biosensor market atained a market value of over USD XX million, and will continue to endure a vigorous growth by expanding at XX% CAGR and reaching USD XX million value by 2020-end. North America, however, is likely to face stiff competition from Asia-Pacific biosensors market, which will endure expansion that will be marginally lower than the former Most biosensor systems have been tested only on distilled water or buffered solutions, but more biosensors that can be applied to real samples have appeared in recent years. In this context, biosensors for potential environmental applications continue to show advances in areas such as genetic modification of enzymes and microorganisms, improvement of recognition element immobilization and sensor interfaces. Copyright
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About Us Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.
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