Biosensors Market by Application (Point of Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry), Product (Wearable, NonWearable), Technology (Electrochemical, Piezoelectric, Optical) & Geography - Analysis & Forecast to 2020 The total market was valued at $11.39 billion in 2013 and is expected to reach $22.68 billion by 2020, at an estimated CAGR of 10.00% from 2014 to 2020. The major drivers identified for the growth of the biosensors market are the emergence of nanotechnology/nano-biosensors, significant technological advancements over the last few years, glucose monitoring for diabetic patients, and increasing demand for home care and point-ofcare devices Browse 73 market data tables and 77 figures spread through 191 pages and in-depth TOC on â€œBiosensors Market - Analysis & Forecast to 2020â€? http://www.marketsandmarkets.com/Market-Reports/biosensors-market798.html The biosensor is a sensing device, which consists of a combination of a specific biological element and a transducer. This market is expected to witness a prominent growth over the coming years. Driven by the need for better methods for environmental monitoring and rapid pathogen detection, the biosensors industry has also been expanding to encompass non-clinical applications such as biodefense, environmental surveillance, and food industry. This market is a diversified and competitive market with a large number of players.
The POC diagnostics market has the largest market presence among all the end-user markets of biosensors. The key players in this market are Roche Diagnostics Limited (U.K.), Alere Inc. (U.S.), Siemens Healthcare (Germany), and Beckman Coulter, Inc. (U.S.). The biosensors market for different geographic regions, including North America, Europe, Asia-Pacific, and the Rest of the World (RoW), has also been covered in the report. North America was the largest market for biosensors as of 2013. APAC has been the most promising market for biosensors over the forecast period and is expected to grow at the highest CAGR among all the regions. Inquiry Before Buying : http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=798
The report profiles the promising major players with a SWOT analysis of the key players in the biosensors market. The market witnesses a series of new product launch announcements and partnerships across the value chain. The key players in this industry include F. Hoffmann-La Roche Ltd. (Switzerland), LifeScan Inc. (U.S.), Bayer Healthcare AG (Germany), Abbott Point of Care Inc. (U.S.), Medtronic (U.S.), Siemens Healthcare (Germany), and others. About MarketsandMarkets MarketsandMarkets is the worldâ€™s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model â€“ GEM". The GEM aims at proactive collaboration with the clients to
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Published on Jan 12, 2017
The global biosensors market is estimated to grow at a CAGR of 10.00% to reach $22.68 Billion by 2020.