The biosensors market is expected to grow from USD 21.5 billion in 2019 to USD 41.29 billion by 2027, at a CAGR of 8.5% during the forecast period 2020-2027.
An analytical device that is used for the detection of a chemical substance that combines a biological component with a physiochemical detector is known as biosensors. These devices are used in the food industry to measure alcohol, carbohydrates, and acids during the process of quality control. Biosensors consist of a component that recognizes the analytic & produces a signal, a signal transducer, and a reader device. Biosensor devices merge a biological component with a physiological detector. These devices are cost-efficient, easy to use, movable, fast result delivery, and lead to biosensors' quick adoption in various areas like agriculture, medicine, and environment monitoring.
The factors driving the market are high demand for portable biosensors, growing application of biosensors in the medical field, and the rising prevalence of diabetes globally. The factors restraining the market growth are the high cost of product development, a slow commercialization rate, and a strict government scenario. Emerging markets in developing countries and high growth in the food industry, and environment monitoring will provide market growth opportunities.
This study delivers a comprehensive analysis of type, technology, application, and region. The type segment includes wearable and non-wearable biosensors. Non-wearable biosensors hold the largest market share, owing to the increasing prevalence of chronic diseases like cancer, diabetes, various other disorders, and increasing demand for conventional diagnosis methods. The wearable biosensors segment is expected to witness significant growth due to rising awareness regarding a healthy lifestyle. The technology segment includes electrochemical biosensors, optical biosensors, piezoelectric biosensors, thermal biosensors, nanomechanical biosensors, and others. The electrochemical biosensors technology segment holds the largest share, owing to the rising use of electrochemical biosensors in food analysis and disease diagnosis. Optical biosensors are expected to witness significant growth, owing to the growing advancements in optical biosensors. Based on the application, the market is segmented into point of care, home diagnostics, research lab, biodefense, environmental monitoring, and food & beverages. The point of care application segment holds the largest market share, owing to increasing inclination towards rapid diagnostic testing, growing government support, rising private investments and venture funding, and increased adoption of PoC devices.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America holds the largest market share in the U.S., owing to the rising preference for wearable biosensors, rising investment in research and development activities, and growing geriatric population base. The Asia-Pacific region is expected to witness significant growth, owing to the presence of high unmet medical needs pertaining to target diseases like diabetes, cancer, and various other infectious diseases, improving healthcare infrastructure, and growing patient awareness level. Germany will witness significant growth from the European region. This growth is ascertained to the increasing adoption rate of advanced technology, innovations in the development of biosensing devices like electrochemical biosensor that allows detection of antioxidant levels.
Some of the notable players in the market are Medtronic Inc., F. Hoffman-La Roche Ltd., Abbott Point of Care Inc., Pharmaco-Kinesis Corporation, ACON Laboratories, Inc., Nova Biomedical Corp., Universal Biosensors Inc., Bio-Rad Laboratories Inc., LifeSensors Inc., LifeScan Inc., Sysmex Corporation, DuPont, Biacore, and Biosensors International Pte. Ltd. In February 2018, the FDA approved Medtronic from a new arm indication for Guardian Sensor 3. This approval enabled patients to wear the sensor on the upper arm, enhanced performance for users, improved accuracy and delivering more flexibility.
Biosensors Market Analysis and Forecast, Type
Biosensors Market Analysis and Forecast, Technology
Biosensors Market Analysis and Forecast, Application
Biosensors Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Technology
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. High demand for portable biosensors
5.2.2. Rising prevalence of diabetes globally
5.3. Restrains
5.3.1. High cost of product development
5.4. Opportunities
5.4.1. High growth in the food industry
6. Global Biosensors Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Wearable Biosensors
6.3. Non-wearable Biosensors
7. Global BiosensorsMarket Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Electrochemical Biosensors
7.3. Optical Biosensors
7.4. Piezoelectric Biosensors
7.5. Thermal Biosensors
7.6. Nonomechanical Biosensors
7.7. Others
8. Global BiosensorsMarket Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Point of Care
8.3. Home Diagnostics
8.4. Research Lab
8.5. Biodefense
8.6. Environmental Monitoring
8.7. Food & Beverages
9. Global Biosensors Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Biosensors Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Biosensors Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Material Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Medtronic Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Type Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. F. Hoffman-La Roche Ltd.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Type Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Abbott Point of Care Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Type Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Pharmaco-Kinesis Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Type Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. ACON Laboratories Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Type Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Nova Biomedical Corp.
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Type Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Universal Biosensors Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Type Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Bio-Rad Laboratories Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Type Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. LifeSensors Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Type Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. LifeScan Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Type Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Sysmex Corporation
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Type Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. DuPont
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Type Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. Biacore
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Type Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. Biosensors International Pte. Ltd.
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Type Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
List of Table
1. Global Biosensors Market, By Type, 2019-2027 (USD Billion)
2. Global Wearable Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
3. Global Non-wearable Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
4. Global Biosensors Market, By Technology, 2019-2027 (USD Billion)
5. Global Electromechanical Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
6. Global Optical Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
7. Global Piezoelectric Biosensors, BiosensorsMarket, By Region, 2019-2027 (USD Billion)
8. Global Thermal Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
9. Global Nanomechanical Biosensors, Biosensors Market, By Region, 2019-2027 (USD Billion)
10. Global Others, Biosensors Market, By Region, 2019-2027 (USD Billion)
11. Global BiosensorsMarket, By Application, 2019-2027 (USD Billion)
12. Global Point of Care, BiosensorsMarket, By Region, 2019-2027 (USD Billion)
13. Global Home Diagnostics, Biosensors Market, By Region, 2019-2027 (USD Billion)
14. Global Research Lab, Biosensors Market, By Region, 2019-2027 (USD Billion)
15. Global Biodefense, Biosensors Market, By Region, 2019-2027 (USD Billion)
16. Global Environmental Monitoring, Biosensors Market, By Region, 2019-2027 (USD Billion)
17. Global Food & Beverages, Biosensors Market, By Region, 2019-2027 (USD Billion)
18. North America Biosensors Market, By Type, 2019-2027 (USD Billion)
19. North America Biosensors Market, By Technology, 2019-2027 (USD Billion)
20. North America Biosensors Market, By Application, 2019-2027 (USD Billion)
21. U.S. Biosensors Market, By Type, 2019-2027 (USD Billion)
22. U.S. Biosensors Market, By Technology, 2019-2027 (USD Billion)
23. U.S. Biosensors Market, By Application, 2019-2027 (USD Billion)
24. Canada Biosensors Market, By Type, 2019-2027 (USD Billion)
25. Canada Biosensors Market, By Technology, 2019-2027 (USD Billion)
26. Canada Biosensors Market, By Application, 2019-2027 (USD Billion)
27. Mexico Biosensors Market, By Type, 2019-2027 (USD Billion)
28. Mexico Biosensors Market, By Technology, 2019-2027 (USD Billion)
29. Mexico Biosensors Market, By Application, 2019-2027 (USD Billion)
30. Europe Biosensors Market, By Type, 2019-2027 (USD Billion)
31. Europe Biosensors Market, By Technology, 2019-2027 (USD Billion)
32. Europe Biosensors Market, By Application, 2019-2027 (USD Billion)
33. Germany Biosensors Market, By Type, 2019-2027 (USD Billion)
34. Germany Biosensors Market, By Technology, 2019-2027 (USD Billion)
35. Germany Biosensors Market, By Application, 2019-2027 (USD Billion)
36. France Biosensors Market, By Type, 2019-2027 (USD Billion)
37. France Biosensors Market, By Technology, 2019-2027 (USD Billion)
38. France Biosensors Market, By Application, 2019-2027 (USD Billion)
39. U.K. Biosensors Market, By Type, 2019-2027 (USD Billion)
40. U.K. Biosensors Market, By Technology, 2019-2027 (USD Billion)
41. U.K. Biosensors Market, By Application, 2019-2027 (USD Billion)
42. Italy Biosensors Market, By Type, 2019-2027 (USD Billion)
43. Italy Biosensors Market, By Technology, 2019-2027 (USD Billion)
44. Italy Biosensors Market, By Application, 2019-2027 (USD Billion)
45. Spain Biosensors Market, By Type, 2019-2027 (USD Billion)
46. Spain Biosensors Market, By Technology, 2019-2027 (USD Billion)
47. Spain Biosensors Market, By Application, 2019-2027 (USD Billion)
48. Asia Pacific Biosensors Market, By Type, 2019-2027 (USD Billion)
49. Asia Pacific Biosensors Market, By Technology, 2019-2027 (USD Billion)
50. Asia Pacific Biosensors Market, By Application, 2019-2027 (USD Billion)
51. Japan Biosensors Market, By Type, 2019-2027 (USD Billion)
52. Japan Biosensors Market, By Technology, 2019-2027 (USD Billion)
53. Japan Biosensors Market, By Application, 2019-2027 (USD Billion)
54. China Biosensors Market, By Type, 2019-2027 (USD Billion)
55. China Biosensors Market, By Technology, 2019-2027 (USD Billion)
56. China Biosensors Market, By Application, 2019-2027 (USD Billion)
57. India Biosensors Market, By Type, 2019-2027 (USD Billion)
58. India Biosensors Market, By Technology, 2019-2027 (USD Billion)
59. India Biosensors Market, By Application, 2019-2027 (USD Billion)
60. South America Biosensors Market, By Type, 2019-2027 (USD Billion)
61. South America Biosensors Market, By Technology, 2019-2027 (USD Billion)
62. South America Biosensors Market, By Application, 2019-2027 (USD Billion)
63. Brazil Biosensors Market, By Type, 2019-2027 (USD Billion)
64. Brazil Biosensors Market, By Technology, 2019-2027 (USD Billion)
65. Brazil Biosensors Market, By Application, 2019-2027 (USD Billion)
66. Middle East and Africa Biosensors Market, By Type, 2019-2027 (USD Billion)
67. Middle East and Africa Biosensors Market, By Technology, 2019-2027 (USD Billion)
68. Middle East andAfrica Biosensors Market, By Application, 2019-2027 (USD Billion)
69. UAE Biosensors Market, By Type, 2019-2027 (USD Billion)
70. UAE Biosensors Market, By Technology, 2019-2027 (USD Billion)
71. UAE Biosensors Market, By Application, 2019-2027 (USD Billion)
72. South Africa Biosensors Market, By Type, 2019-2027 (USD Billion)
73. South Africa Biosensors Market, By Technology, 2019-2027 (USD Billion)
74. South Africa Biosensors Market, By Application, 2019-2027 (USD Billion)
List of Figures
1. Global Biosensors Market Segmentation
2. Global Biosensors Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Biosensors Market Attractiveness Analysis By Type
9. Global Biosensors Market Attractiveness Analysis By Technology
10. Global Biosensors Market Attractiveness Analysis By Application
11. Global Biosensors Market Attractiveness Analysis By Region
12. Global Biosensors Market: Dynamics
13. Global Biosensors Market Share by Type(2020 & 2027)
14. Global Biosensors Market Share by Technology (2020 & 2027)
15. Global Biosensors Market Share by Application (2020 & 2027)
16. Global Biosensors Market Share by Regions (2020 & 2027)
17. Global Biosensors Market Share by Company (2019)
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