Biosensors Market: An In-Depth Look at the Current State and Future Outlook

The study on the Global Biosensors Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Biosensors market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Biosensors industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Biosensors industry

The global biosensors market size was USD 25.5 Billion in 2021 and is expected to register a revenue CAGR of 8.0% during the forecast period, according to latest analysis by Emergen Research. Increasing application of biosensors in agriculture and healthcare sectors and emergence of nanotechnology-based biosensors are factors projected to support market revenue growth between 2021 and 2030.

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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others

Some major companies in the global market report include Abbott, Medtronic, Bio-Rad Laboratories, Inc., Cytiva, LifeScan IP Holdings, LLC, Nova Biomedical, Universal Biosensors, AgaMatrix, PHC Holdings Corporation, ACON Laboratories, Inc.

 Some Key Highlights from the Report

·        Wearable segment is expected to account for largest revenue share during the forecast period. Wearable biosensors are increasingly being used to monitor patients and health and wellness and have major potential to change health monitoring and concepts of traditional medical diagnostics.

·        Advancements in wearable biosensors can result in a shift from centralized hospital-based care systems to home-based personal medicine, which also reduce diagnosis time and healthcare costs, as well as enhance convenience for patients.

·        Home diagnostics segment revenue is expected to lead in terms of revenue share contribution to the global biosensors market over the forecast period owing to increasing developments in new diagnostic devices and concepts in the healthcare sector.

·        Home-based medical devices are convenient to use and an ideal option for older adults as these enable provision of personalized care and do not require patients to make frequent hospital trips.

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Emergen Research has segmented the global biosensors market on the basis of product, technology, application, end-use, and region:

·        Product Outlook (Revenue, USD Billion; 2019–2030)

o   Wearable Biosensors

o   Non-wearable Biosensors

·        Technology Outlook (Revenue, USD Billion; 2019–2030)

o   Electrochemical Biosensors

o   Optical Biosensors

o   Piezoelectric Biosensors

o   Thermal Biosensors

o   Nanomechanical Biosensors

·        Application Outlook (Revenue, USD Billion; 2019–2030)

o   Healthcare

o   Agriculture

o   Bioreactor

o   Food Toxicity

o   Others

·        End-use Outlook (Revenue, USD Billion; 2019–2030)

o   Point of Care (POC)

o   Home Diagnostics

o   Research Labs

o   Environmental Monitoring

o   Food & Beverages

o   Biodefense

o   Others

Regional Bifurcation of the Biosensors Market Includes:

·       North America (U.S., Canada)

·       Europe (U.K., Italy, Germany, France, Rest of EU)

·       Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Report:

·       Study of the global Biosensors market size by key regions, types, and applications with reference to historical data and forecast

·       Industrial structure analysis of the Biosensors market by identification of various sub-segments

·       Extensive analysis of key market players along with their SWOT analysis

·       Competitive landscape benchmarking

·       Analysis of Biosensors market based on growth trends, futuristic outlook, and contribution to the total growth of the market

·       Analysis of drivers, constraints, opportunities, challenges, and risks in the global Biosensors market

·       Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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