According to the FDA, surging demand for home based point of care devices due to the COVID 19 pandemic will provide lucrative opportunities for market growth in the near future. Over the forecast period, technological advancements are expected to be a crucial driver in the growth of the market. For example, the U.K. established the Defense and Security Accelerator (DASA) competition, a wide area biosensor competition, in April 2020. This competition aims to provide cutting edge technology for Phase 2 of the Wide area Biosensor Program, which will locate and detect harmful biological pathogens in the field. In April 2020, for example, Australian researchers developed the world's first biosensor capable of monitoring changes in pH levels in cancer and stroke patients. Furthermore, growing demand for biosensors in drug development and bioreactors is likely to drive
Biosensors Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2030 Biosensors Market Growth & Trends
The global biosensors market size is anticipated to reach USD 49.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2022 to 2030. The primary driving reasons for market growth are many applications in the medical/healthcare sector, increased demand in the bioprocessing industry, and the rapid technological advancements in the drug screens area due to the COVID 19 pandemic. Furthermore, due to the COVID 19 outbreak, the biosensor industry has experienced rapid expansion in recent years due to the expanding number of hospitals around the world which will result in high adoption of biosensors because they are cost effective and time saving, which are driving the biosensor market.
Browse full report with
Biosensors
and Chart) @: https://www.grandviewresearch.com/industry analysis/biosensors
of Content (PDF with All
Report Highlights
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry analysis/biosensors market/request/rs1 Biosensors Market Segmentation Grand View Research has segmented the global biosensors market on the basis of type, product, technology, application, end user, and region: Biosensors Type Outlook (Revenue USD Million; 2017 - 2030) Sensor Patch Embedded Device Biosensors Product Outlook (Revenue USD Million; 2017 - 2030) Wearable Biosensors Non wearable Biosensors Biosensors Technology Outlook (Revenue USD Million; 2017 2030) Thermal Electrochemical Piezoeletric Optical Biosensors Application Outlook (Revenue USD Million; 2017 2030) Medical
market expansion in the near future, owing to biosensors' increasing technological capabilities. Table Related Graph market? Market By technology, the electrochemical biosensors segment accounted for the largest revenue share in 2021 and is anticipated to witness significant growth over the forecast period owing to the widespread applications for quantification and analysis in biochemical and biological processes Based on the application, the medical segment dominated the market in 2021. This device is considered an essential tool in the detection and monitoring of a wide range of medical conditions, such as diabetes and cancer In the Middle East and Africa, the market is expected to witness the fastest growth over the forecast period owing to an increase in biosensors research and development and constantly improving healthcare facilities in the region
Cholesterol o Blood glucose o Blood gas analyzer o Pregnancy testing o Drug discovery o Infectious disease Food toxicity Bioreactor Agriculture Environment Others Biosensors End User Outlook (Revenue USD Million; 2017 2030) Home healthcare diagnostics POC testing Food industry Research laboratories Security and bio defense Biosensors Regional Outlook (Revenue, USD Million, 2017 2030) North America o U.S. o Canada Europe o UK o Germany o France o Italy o Spain o Belgium o Switzerland o Netherlands o Russia
Asia Pacific o Japan o China o India o Australia o South Korea o Indonesia Latin America o Brazil o Mexico o Argentina o Colombia Middle East and Africa (MEA) o South Africa o Saudi Arabia o UAE o Turkey List of Key Players in the Biosensors Market Bio Rad Laboratories Inc. Medtronic Abbott Laboratories Biosensors International Group, Ltd. Pinnacle Technologies Inc. Ercon, Inc. DuPont Biosensor Materials Johnson & Johnson Koninklijke Philips N.V., LifeScan, Inc. QTL Biodetection LLC Molecular Devices Corp.
Nova Biomedical Molex LLC TDK Corporation Zimmer & Peacock AS Siemens Healthcare Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/665/ibb About Grand View Research Grand View Research is a full time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services. GrandViewResearch,Inc. MarketResearchAndConsulting. | Grand View Research, Inc. According to a new report published by Grand View Research,