Biosensors Market Report 2022, Scope, Share, Size, Growth and Opportunities 2027

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According to the latest report by IMARC Group “Biosensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global biosensors market reached a value of US$ 24.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.9 Billion by 2027, exhibiting a CAGR of 8.51% during 2022-2027.

Biosensors are medical devices that detect the presence of biological substances in the environment, such as biomolecules and bacteria. They contain an analyte, a mediator, a transducer, and a reader device that converts a biological response into an electrical signal. They are commonly used to track illness progression, as well as to aid in drug discovery and forensic investigations. In addition, by monitoring frequent pathogenic processes in the body, these devices aid in the treatment of a variety of chronic and lifestyle problems.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Trends:

Significant growth in the healthcare sector is driving the global market. In addition, the sector’s continuous technical improvements are producing a good picture for the market. For example, the widespread use of fluorescent tags and the increasing use of nanomaterials such as quartz and crystal to improve detection limit and sensitivity are driving market expansion. Significant investments in genomes and proteomics development by governmental and private bodies are also contributing to market expansion. Extensive research and development (R&D) operations in the field of biotechnology are also important growth drivers.

Breakup by Product:

  • Wearable Biosensors
  • Non-Wearable Biosensors

Breakup by Technology:

  • Electrochemical Biosensors
  • Optical Biosensors
  • Piezoelectric Biosensors
  • Thermal Biosensors
  • Nanomechanical Biosensors
  • Others

Breakup by Application:

  • Blood Glucose Testing
  • Cholesterol Testing
  • Blood Gas Analysis
  • Pregnancy Testing
  • Drug Discovery
  • Infectious Disease Testing
  • Others

Breakup by End Use:

  • Point of Care Testing
  • Home Healthcare Diagnostics
  • Research Laboratories
  • Security and Biodefense
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Abbott Laboratories
  • AgaMatrix Inc. (WaveForm Technologies Inc)
  • DuPont de Nemours Inc.
  • F. Hoffmann-La Roche AG
  • General Electric Company
  • LifeScan Inc. (Platinum Equity LLC)
  • Medtronic PLC
  • Nova Biomedical Corporation
  • PHC Holdings Corporation
  • Siemens AG
  • Thermo Fisher Scientific Inc.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/biosensors-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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