Biosensors Market by Application (POC, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food & Beverages Industry), Technology, Product (Wearable and Non-Wearable), and Geography - Global Forecast to 2022

  • ID: 4209860
  • Report
  • Region: Global
  • 184 Pages
  • Markets and Markets
1 of 5
Biosensors Market worth 27.06 Billion USD by 2022

FEATURED COMPANIES

  • Acon Laboratories, Inc.
  • Biacore
  • Ercon, Inc.
  • Graphene Frontiers
  • Lifescan, Inc.
  • Medtronic Inc.
  • MORE

“Increasing requirement for glucose monitoring for diabetic individuals worldwide is fueling the growth of the biosensors market”

The biosensors market is expected to grow at a CAGR of 8.84% between 2017 and 2022 to reach USD 27.06 billion by 2022 from USD 15.96 billion in 2016. Glucose monitoring devices are gaining traction due to increasing incidences and prevalence of lifestyle diseases, such as diabetes, that require regular monitoring. Moreover, the proven efficacy of such testing kits has resulted in their growing adoption by doctors. According to International Diabetes Federation, the number of people suffering from diabetes is expected to grow from 415 million in 2015 to almost 642 million by 2040 worldwide.

”Increasing demand for point-of-care applications is driving the growth of the biosensors market.”

The increasing demand for biosensors is attributed to the availability of point-of-care testing methods. As most POC tests are in the vicinity of patient care sites, the requirement for complex infrastructure and training is low. The growth in the POC market is attributed to the advancements in biosensors technology and increasing demand for quick test results. Also, growing prevalence of infectious and lifestyle diseases, such as cardiac complications and diabetes, is increasing the demand for POC diagnostics. Awareness among people for easy and convenient ways to get faster test results is also contributing to the growing demand. Also, physicians prefer POC for quick decision-making to prescribe disease-specific drugs. On the contrary, doctors previously had to wait before starting with symptomatic treatment, as test procedures used to take a considerably longer amount of time to yield results.

“North America is the major market for biosensors.”

North America is likely to hold the largest share of the overall biosensors market in 2017. POC diagnostics is the fastest-growing applications for biosensors in North America. The main reason behind the growth of the POC segment is the increase in addressable patient population base. According to the American Medical Association and American Medical Group Association, more than 50% Americans were living with one or more chronic disease(s) till 2012. The number of Americans suffering from chronic diseases was around 125 billion in 2000, which is expected to reach around 157 billion by 2022. The baby boomer population is witnessing a growth in incidences of chronic and infectious diseases, According to the US Census Bureau, the number of individuals over the age of 65 was 39.6 billion in 2009, which is expected to increase to 72.1 billion by 2030.

The biosensors market APAC is expected grow at a high rate between 2017 and 2022. The other major factors contributing to the growth of the biosensors market in APAC include the development of healthcare systems and increasing number of lifestyle diseases in the region. APAC is the amalgamation of some of the leading markets such as China, Japan, and India. The growth of the biosensors market in APAC for POC applications can be attributed to the huge population base, increasing investments in the healthcare sector, growing focus of key industry players on technological advancements, and significant R&D pertaining to biosensors. In September 2017, PatientSafe Solutions (US) garnered strategic investments of around USD 27 billion from EDBI. This fund was used to augment the expansion of PatientSafe’s PatientTouch System, a POC mobile solution, in APAC.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the biosensors industry.

The break-up of the primary participants has been shown below:

  • By Company Type: Tier 1 = 35 %, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

The report also profiles the key players in the biosensors market and analyzes their market ranking. The prominent players profiled in this report are Abbott Point of Care Inc. (US), Medtronic, Inc. (US), F. Hoffman-La Roche Ltd. (Switzerland), Siemens AG (Germany), LifeScan, Inc. (US), LifeSensors Inc. (US), Nova Biomedical Corp. (US), Acon Laboratories Inc. (US), Universal Biosensors (Australia), Pharmaco-Kinesis Corporation (PKC) (US), Bayer Healthcare AG (Germany), Biacore (UK), Bio-Rad Laboratories Inc. (US), Biosensors International Ltd.(Singapore), Ercon, Inc. (US), DuPont (US), and Sysmex Corporation (Japan).

Research Coverage:

This research report categorizes the biosensors market on the basis of application, technology, product, and geography. The report also provides the Porter’s five forces analysis, along with a description of each of its forces and their respective impact on the biosensors market; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

Reasons to Buy the Report:

The report will help leaders/new entrants in this market in the following ways:

  1. This report segments the biosensors market comprehensively and provides the closest market size estimation for all subsegments across different regions.
  2. The report will help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for the biosensors market.
  3. This report will help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section describes competitor ecosystem and various strategies implemented by the companies such as new product developments, partnerships, and mergers and acquisitions.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Acon Laboratories, Inc.
  • Biacore
  • Ercon, Inc.
  • Graphene Frontiers
  • Lifescan, Inc.
  • Medtronic Inc.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for this Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Data from Primary Sources
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Estimating Value and Volume from Secondary Treasures
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the Biosensors Market
4.2 Biosensors Market, By Application
4.3 Biosensors Market, By Technology and Region
4.4 Biosensors Market, By Product
4.5 Biosensors Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Emergence of Nanotechnology-Based Biosensors
5.2.1.1 Significant Technological Advancements in the Past Few Years
5.2.1.2 Increasing Use of Biosensors to Monitor Glucose Levels in Individuals with Diabetes
5.2.1.3 Increased Demand for Home-Based Poc Devices
5.2.2 Restraints
5.2.2.1 Slow Rate of Commercialization
5.2.2.2 High Costs Involved in Research and Development
5.2.2.3 Reluctance Toward the Adoption of New Treatment Practices
5.2.3 Opportunities
5.2.3.1 Emerging Market in Developing Countries
5.2.3.2 High-Growth Opportunities in Environmental Monitoring, Biodefense, and the Food Industry
5.2.4 Challenges
5.2.4.1 Government Regulations - Long Certification and Approval Cycles
5.2.4.2 Pricing Pressure in the Poc Market

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Porter’S Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threats of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry
6.5 Startup Scenario
6.5.1 Start-Up Companies

7 Market, By Technology
7.1 Introduction
7.2 Electrochemical Biosensors
7.2.1 Amperometric Sensors
7.2.1.1 Blood Glucose Sensors
7.2.2 Potentiometric Sensors
7.2.2.1 Immunosensors
7.2.3 Conductometric Sensors
7.3 Optical Biosensors
7.3.1 Surface Plasmon Resonance (SPR)
7.3.2 Calorimetric Biosensors
7.3.3 Fluorescence Biosensors
7.4 Piezoelectric Biosensors
7.4.1 Acoustic Biosensors
7.4.2 Microcantilever Biosensors
7.5 Thermal Biosensors
7.6 Nanomechanical Biosensors
7.7 Others

8 Biosensors Market, By Product
8.1 Introduction
8.2 Wearable Biosensors
8.2.1 Wristwear
8.2.2 Eyewear
8.2.3 Footwear
8.2.4 Neckwear
8.2.5 Bodywear
8.2.6 Others
8.3 Non-Wearable Biosensors

9 Biosensors Market, By Application
9.1 Introduction
9.2 Point of Care (POC)
9.2.1 Biosensors Market for Poc Applications, By Geography
9.2.2 Glucose Monitoring
9.2.3 Cardiac Markers
9.2.4 Infectious Diseases
9.2.5 Coagulation Monitoring
9.2.6 Pregnancy & Fertility Testing
9.2.7 Blood Gas & Electrolytes
9.2.8 Tumor Or Cancer Markers
9.2.9 Urinalysis Testing
9.2.10 Cholesterol Tests
9.2.11 Others
9.3 Home Diagnostics
9.4 Research Labs
9.4.1 Drug Development
9.5 Biodefence
9.5.1 Crime Detection
9.6 Environmental Monitoring
9.6.1 Wastewater Treatment
9.7 Food & Beverages Industry

10 Biosensors Market, By Geography
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific (APAC)
10.5 Rest of the World (ROW)

11 Competitive Landscape
11.1 Overview
11.2 Key Players in Biosensors Market
11.3 Dive Chart Analysis
11.3.1 Vanguards
11.3.2 Dynamic
11.3.3 Innovator
11.3.4 Emerging
11.4 Competitive Benchmarking
11.4.1 Product Offerings
11.4.2 Business Strategy
11.5 Competitive Situations and Trends
11.5.1 New Product Launches and Developments
11.5.2 Partnerships, Collaborations, and Agreements
11.5.3 Mergers and Acquisitions
11.5.4 Expansions

12 Company Profiles
12.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View) -
12.2 Abbott Point of Care, Inc.
12.3 F. Hoffman-La Roche Ltd.
12.4 Medtronic Inc.
12.5 Universal Biosensors, Inc.
12.6 Siemens AG
12.7 Lifescan, Inc.
12.8 Lifesensors, Inc.
12.9 Nova Biomedical
12.10 Acon Laboratories, Inc.
12.11 Pharmaco-Kinesis Corporation
12.12 Bayer Healthcare AG
12.13 Bio-Rad Laboratories, Inc.
12.14 Biacore
12.15 Biosensors International Pte. Ltd.
12.16 Ercon, Inc.
12.17 Dupont
12.18 Sysmex Corporation
12.19 Key Innovators
12.19.1 Neurosky, Inc.
12.19.2 Graphene Frontiers
12.19.3 Hmicro Inc.
  • Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, Mnm View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables:
Table 1 Biosensors Market, By Technology, 2015-2022 (USD Billion)
Table 2 Differences Between Various Electrochemical Biosensors
Table 3 Glucose Sensors and Devices Approved By Food and Drug Administration (FDA)
Table 4 Market for Electrochemical Biosensors, By Technology, 2015-2022 (USD Billion)
Table 5 Market for Optical Biosensors, By Technology, 2015-2022 (USD Billion)
Table 6 Biosensors Market, By Product, 2015-2022 (USD Billion)
Table 7 Market for Wearable Biosensors, By Application, 2015-2022 (USD Million)
Table 8 Market for Wristwear Biosensors, By Application, 2015-2022 (USD Million)
Table 9 Market for Eyewear Headwear Biosensors, By Application, 2015-2022 (USD Million)
Table 10 Market for Footwear Biosensors, By Application, 2015-2022 (USD Million)
Table 11 Market for Neckwear Biosensors, By Application, 2015-2022 (USD Million)
Table 12 Market for Bodywear Biosensors, By Application, 2015-2022 (USD Million)
Table 13 Market for Other Wearable Biosensors, By Application, 2015-2022 (USD Million)
Table 14 Market for Non-Wearable Biosensors, By Application, 2015-2022 (USD Billion)
Table 15 Biosensors Market, By Application, 2015-2022 (USD Billion)
Table 16 Biosensors Market for Poc Applications, By Type, 2015-2022 (USD Billion)
Table 17 Biosensors Market for Poc Applications, By Region, 2015-2022 (USD Billion)
Table 18 Biosensors Market for Poc Applications in North America, By Country, 2015-2022 (USD Billion)
Table 19 Biosensors Market for Poc Applications in Europe, By Country/Region, 2015-2022 (USD Billion)
Table 20 Biosensors Market for Poc Applications in Apac, By Country/Region, 2015-2022 (USD Billion)
Table 21 Biosensors Market for Poc Applications, By Product, 2015-2022 (USD Billion)
Table 22 Market for Wearable Biosensors for Poc Applications, By Type, 2015-2022 (USD Billion)
Table 23 Biosensors Market for Glucose Monitoring, By Region, 2015-2022 (USD Billion)
Table 24 Biosensors Market for Cardiac Markers, By Region, 2015-2022 (USD Million)
Table 25 Biosensors Market for Infectious Diseases, By Region, 2015-2022 (USD Million)
Table 26 Biosensors Market for Coagulation Monitoring, By Region, 2015-2022 (USD Million)
Table 27 Biosensors Market for Pregnancy & Fertility Testing, By Region, 2015-2022 (USD Million)
Table 28 Biosensors Market for Blood Gas & Electrolytes, By Region, 2015-2022 (USD Million)
Table 29 Biosensors Market for Tumor Or Cancer Markers, By Region, 2015-2022 (USD Million)
Table 30 Biosensors Market for Urinalysis Testing, By Region, 2015-2022 (USD Million)
Table 31 Biosensors Market for Cholesterol Tests, By Region, 2015-2022 (USD Million)
Table 32 Biosensors Market for Other Poc Applications, By Region, 2015-2022 (USD Million)
Table 33 Biosensors Market for Home Diagnostics Applications, By Region, 2015-2022 (USD Billion)
Table 34 Biosensors Market for Home Diagnostics Applications in North America, By Country, 2015-2022 (USD Million)
Table 35 Biosensors Market for Home Diagnostics Applications in Europe, BY Country/Region, 2015-2022 (USD Million)
Table 36 Biosensors Market for Home Diagnostics Applications in Apac, BY Country/Region, 2015-2022 (USD Billion)
Table 37 Biosensors Market for Home Diagnostics Applications, By Product, 2015-2022 (USD Billion)
Table 38 Market for Wearable Biosensors for Home Diagnostics Applications, By Type, 2015-2022 (USD Million)
Table 39 Biosensors Market for Research Lab Applications, By Region, 2015-2022 (USD Billion)
Table 40 Biosensors Market for Research Lab Applications in North America,BY Country, 2015-2022 (USD Million)
Table 41 Biosensors Market for Research Lab Applications in Europe,BY Country/Region, 2015-2022 (USD Million)
Table 42 Biosensors Market for Research Lab Applications in Apac, BY Country/Region, 2015-2022 (USD Million)
Table 43 Biosensors Market for Research Lab Applications, By Product, 2015-2022 (USD Billion)
Table 44 Market for Wearable Biosensors for Research Lab Applications, BY Type, 2015-2022 (USD Million)
Table 45 Biosensors Market for Biodefense Applications, By Region, 2015-2022 (USD Million)
Table 46 Biosensors Market for Biodefense Applications in North America, BY Country, 2015-2022 (USD Million)
Table 47 Biosensors Market for Biodefense Applications in Europe, BY Country/Region, 2015-2022 (USD Million)
Table 48 Biosensors Market for Biodefense Applications in Apac, BY Country/Region, 2015-2022 (USD Million)
Table 49 Biosensors Market for Biodefense Applications, By Product, 2015-2022 (USD Million)
Table 50 Market for Wearable Biosensors for Biodefense Applications, By Type, 2015-2022 (USD Million)
Table 51 Biosensors Market for Environmental Monitoring Applications, BY Region, 2015-2022 (USD Billion)
Table 52 Biosensors Market for Environmental Monitoring Applications in North America, By Country, 2015-2022 (USD Million)
Table 53 Biosensors Market for Environmental Monitoring Applications in Europe, By Country/Region, 2015-2022 (USD Million)
Table 54 Biosensors Market for Environmental Monitoring Applications in Apac, By Country/Region, 2015-2022 (USD Million)
Table 55 Biosensors Market for Environmental Monitoring Applications, BY Product, 2015-2022 (USD Billion)
Table 56 Market for Wearable Biosensors for Environmental Monitoring Applications, By Type, 2015-2022 (USD Billion)
Table 57 Enzyme Biosensor for Detecting Food Components
Table 58 Biosensors Market for Food & Beverages Industry, By Region, 2015-2022 (USD Million)
Table 59 Biosensors Market for the Food & Beverages Industry in North America, By Country, 2015-2022 (USD Million)
Table 60 Biosensors Market for the Food & Beverages Industry in Europe, BY Country/Region, 2015-2022 (USD Million)
Table 61 Biosensors Market for the Food & Beverages Industry in Apac, BY Country/Region, 2015-2022 (USD Billion)
Table 62 Biosensors Market, By Region, 2015-2022 (USD Billion)
Table 63 Biosensors Market in North America, By Country, 2015-2022 (USD Billion)
Table 64 Biosensors Market in North America, By Application, 2015-2022 (USD Billion)
Table 65 Biosensors Market in Europe, By Country/Region, 2015-2022 (USD Billion)
Table 66 Biosensors Market in Europe, By Application, 2015-2022 (USD Billion)
Table 67 Biosensors Market in Apac, By Country/Region, 2015-2022 (USD Billion)
Table 68 Biosensors Market in Apac, By Application, 2015-2022 (USD Billion)
Table 69 Biosensors Market in Row, By Application, 2015-2022 (USD Million)
Table 70 New Product Launches and Developments (2014-2017)
Table 71 Partnerships, Collaborations, and Agreements (2016-2017)
Table 72 Mergers and Acquisitions (2015-2017)
Table 73 Expansions (2016 & 2017)

List of Figures:
Figure 1 Biosensor Market: Process Flow of Market Size Estimation
Figure 2 Biosensors Market: Research Design
Figure 3 Biosensors Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Biosensors Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Point of Care Applications to Hold the Largest Size of the Biosensors Market By 2022
Figure 7 Non-Wearable to Dominate the Biosensors Market During Forecast Period
Figure 8 Market for Optical Biosensors to Grow at the Highest Rate During the Forecast Period
Figure 9 North America to Hold the Largest Share of the Biosensors Market in 2017
Figure 10 Biosensors Market in Apac to Witness the Highest Growth During the Forecast Period
Figure 11 Point of Care to Hold the Largest Size of the Biosensors Market By 2022
Figure 12 Electrochemical Biosensors to Hold the Largest Share of the Biosensors Market in 2017
Figure 13 Non-Wearable Biosensors to Hold a Larger Share of the Biosensors Market By 2022
Figure 14 Us to Hold the Largest Share of the Biosensors Market in 2017
Figure 15 Increased Monitoring of Diabetic Individuals and Demand for Home-Based Pc Devices to Fuel the Growth of the Biosensors Market
Figure 17 Miniaturization - a Leading Trend in the Current Biosensors Market
Figure 18 Porter’S Five Forces Analysis
Figure 19 Low Impact of the Threat of New Entrants on the Biosensors Market
Figure 20 Medium Impact of the Threat of Substitute on the Biosensors Market
Figure 21 Medium Impact of the Bargaining Power of Supplier on the Biosensors Market
Figure 22 High Impact of the Bargaining Power of Buyers on the Biosensors Market
Figure 23 Medium Impact of the Intensity of Competitive Rivalry on the Biosensors Market
Figure 24 Total Investment Raised By the Start-Ups
Figure 25 Biosensors Market, By Technology
Figure 26 Segmentation of Electrochemical Biosensors
Figure 27 Segmentation of Optical Biosensors
Figure 28 Segmentation of Piezoelectric Biosensors
Figure 29 Biosensors Market, By Product
Figure 30 Biosensors Market, By Application (2017-2022)
Figure 31 Biosensors Market for Poc Applications in Apac to Grow at the Highest Rate During the Forecast Period
Figure 32 North America to Hold the Largest Size of the Biosensors Market for Glucose Monitoring Applications By 2022
Figure 33 Europe to Hold the Largest Share of the Biosensors Market for Coagulation Monitoring Applications By 2022
Figure 34 Europe to Hold the Largest Size of the Biosensors Market for Tumor Or Cancer Markers in 2017
Figure 35 North America to Hold the Largest Share of the Biosensors Market for Home Diagnostics Applications By 2022
Figure 36 Non-Wearable Biosensors to Hold a Larger Share of the Biosensors Market for Home Diagnostics Applications By 2022
Figure 37 Biosensors Market for Research Lab Applications in Apac to Grow at the Highest Rate Between 2017 and 2022
Figure 38 Non-Wearable Biosensors to Dominate the Biosensors Market for Research Lab Applications During the Forecast Period
Figure 39 Biosensors Market for Biodefense Applications in Apac to Grow at the Highest Rate During the Forecast Period
Figure 40 Market for Wearable Biosensors for Biodefense Applications to Grow at the Highest Rate During the Forecast Period
Figure 41 Biosensors Market for Environmental Monitoring Applications in Apac to Grow at the Highest Rate During the Forecast Period
Figure 42 Market for Wearable Sensors for Environmental Monitoring Applications to Grow at a Higher Rate During the Forecast Period
Figure 43 Geographic Snapshot of the Biosensors Market (2016)
Figure 44 Snapshot of the Biosensors Market in North America
Figure 45 Snapshot of the Biosensors Market in Europe
Figure 46 Snapshot of the Biosensors Market in Apac
Figure 47 Market Share Analysis of Key Players in the Biosensors Industry, 2016
Figure 48 Biosensors Market Overview: Dive Analysis
Figure 49 Market Evolution Framework-New Product Launches/Developments Emerged as the Major Strategy Adopted By the Market Players
Figure 50 Battle for Market Share: New Product Launches and Developments Were the Key Growth Strategies
Figure 51 Abbott Laboratories: Company Snapshot
Figure 52 Abbott Laboratories: Products Offerings
Figure 53 Abbott Laboratories: Business Strategies
Figure 54 F. Hoffman-La Roche Ltd.: Business Overview
Figure 55 F. Hoffman-La Roche Ltd.: Products Offerings
Figure 56 F. Hoffman-La Roche Ltd.: Business Strategies
Figure 57 Medtronic, Inc.: Business Overview
Figure 58 Medtronic, Inc.: Products Offerings
Figure 59 Medtronic, Inc.: Business Strategies
Figure 60 Universal Biosensors, Inc.: Business Overview
Figure 61 Universal Biosensors, Inc.: Products Offerings
Figure 62 Universal Biosensors, Inc.: Business Strategies
Figure 63 Siemens AG: Business Overview
Figure 64 Siemens AG: Products Offerings
Figure 65 Siemens AG: Business Strategies
Figure 66 Lifescan, Inc.: Products Offerings
Figure 67 Lifescan, Inc.: Business Strategies
Figure 68 Lifesensors, Inc.: Products Offerings
Figure 69 Lifesensors, Inc.: Business Strategies
Figure 70 Nova Biomedical: Products Offerings
Figure 71 Nova Biomedical: Business Strategies
Figure 72 Acon Laboratories, Inc.: Products Offerings
Figure 73 Acon Laboratories, Inc.: Business Strategies
Figure 74 Pharmaco-Kinesis Corporation: Products Offerings
Figure 75 Pharmaco-Kinesis Corporation: Business Strategies
Figure 76 Bayer Healthcare AG: Business Overview
Figure 77 Bayer Healthcare AG: Products Offerings
Figure 78 Bayer Healthcare AG: Business Strategies
Figure 79 Bio-Rad Laboratories, Inc.: Company Snapshot
Figure 80 Bio-Rad Laboratories, Inc.: Products Offerings
Figure 81 Bio-Rad Laboratories, Inc.: Business Strategies
Figure 82 Dupont: Company Snapshot
Figure 83 Dupont: Products Offerings
Figure 84 Dupont: Business Strategies
Figure 85 Sysmex Corporation: Company Snapshot
Figure 86 Sysmex Corporation: Products Offerings
Figure 87 Sysmex Corporation: Business Strategies
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Acon Laboratories, Inc.
  • Biacore
  • Ercon, Inc.
  • Graphene Frontiers
  • Lifescan, Inc.
  • Medtronic Inc.
  • MORE

The biosensors market was valued at USD 15.96 Billion in 2016 and is expected to reach USD 27.06 Billion by 2022, at a CAGR of 8.84% during the forecast period. The market growth can be attributed to the continuous technological advancements in the biosensors ecosystem, increase in the use of biosensors for nonmedical applications, lucrative growth in POC diagnostics, and rise in the demand for glucose monitoring systems.

In this report, the biosensors market has been segmented on the basis of application, technology, product, and geography. In 2016, POC applications accounted for the largest share of the overall biosensors market. The development of accurate and rapid testing kits is contributing to the growth of the biosensors market for POC applications.

Among wearable biosensors, wristwear biosensors accounted for the largest size of the biosensors market in 2016. Wristwear devices for fitness and wellness such as smart watches and wrist bands are already available in the market and are gaining popularity. These devices include smart watches and wrist bands. Constant technological innovations, easy-to-use user interface, real-time health monitoring, and cost effectiveness are the major factors driving the market for wristwear applications.

The market for optical biosensors is expected to grow at a rate between 2017 and 2022. Optical biosensors are commonly used to analyze biomolecular interactions as these sensors can determine affinity and kinetics of a wide variety of molecular interactions in real time, without requiring a molecular tag or label. New applications are being discovered for optical sensors such as drug discovery, including target identification, ligand fishing, assay development, and manufacturing quality control. All these factors are responsible for the highest growth of the market for optical sensors between 2017 and 2022.

North America is likely to hold the largest share of the overall biosensors market in 2017. POC diagnostics is the fastest-growing applications for biosensors in North America. The main reason behind the growth of the POC segment is the increase in addressable patient population base. The increase in the waiver of Clinical Laboratory Improvement Amendments (CLIA) for certain POC diagnostic devices such as coagulation, glucose monitoring, and hematology devices is further driving the growth of the biosensors market in North America.

According to International Diabetes Federation, the number of people suffering from diabetes is expected to grow from 415 million in 2015 to almost 642 million by 2040 worldwide; this would increase the demand for biosensors used for monitoring glucose. The emergence of the nanobiosensors, rapid technological advancements in the biosensors ecosystem, growing demand for glucose monitoring systems, and rising demand for home-based POC devices are driving the growth of the biosensors market.

The high cost incurred in the research and development and slow rate of commercialization are key factors inhibiting the growth of the biosensors market. Also, stringent government regulations pose a key challenge for industry players.

Some of the major players operating in the biosensors market are Abbott Point of Care Inc. (US), Medtronic, Inc. (US), F. Hoffman-La Roche Ltd. (Switzerland), Siemens AG (Germany), LifeScan, Inc. (US), LifeSensors Inc. (US), Nova Biomedical Corp. (US), Acon Laboratories Inc. (US), Universal Biosensors (Australia), Pharmaco-Kinesis Corporation (PKC) (US), Bayer Healthcare AG (Germany), Biacore (UK), Bio-Rad Laboratories Inc. (US), Biosensors International Ltd. (Singapore), Ercon, Inc. (US), DuPont (US), and Sysmex Corporation (Japan).

Note: Product cover images may vary from those shown
5 of 5
  • Abbott Point of Care, Inc.
  • Acon Laboratories, Inc.
  • Bayer Healthcare AG
  • Biacore
  • Bio-Rad Laboratories, Inc.
  • Biosensors International Pte. Ltd.
  • Dupont
  • Ercon, Inc.
  • F. Hoffman-La Roche Ltd.
  • Graphene Frontiers
  • Hmicro Inc.
  • Lifescan, Inc.
  • Lifesensors, Inc.
  • Medtronic Inc.
  • Neurosky, Inc.
  • Nova Biomedical
  • Pharmaco-Kinesis Corporation
  • Siemens AG
  • Sysmex Corporation
  • Universal Biosensors, Inc.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll