The size and share of the Asia-Pacific Biosensors Market are expected to grow in a significant way. It is estimated that the target market is going to get valued around USD 7,184.0 million, recording a CAGR of 9.8% over the forecast period.
Biosensors are devices that are utilized to detect the presence or concentration of a biological analyte, like an anatomical structure or a microorganism, a biomolecule. These biosensors consist of three major parts, which includes a component for recognizing the analyte and produce a signal, a transducer of the message, and a reader device. And the reader device connects through the associated electronics or signal processors which are primarily responsible for the display of the results in a user-friendly way.
The growth of the biosensors market in the Asia-Pacific region is attributed to the rising usage of biosensors to monitor glucose levels in individuals with diabetes and the increasing demand for disposable, cost-efficient & user-friendly devices of the market.
LineaRx, Inc., a STONY BROOK N.Y majority-owned subsidiary focused on next-generation biotherapeutics and cancer diagnostics, has announced that they have signed a licensing agreement with LifeSensors, Inc., a significant player in biosensor market, to incorporate LifeSensors’ high expression SUMO-fusion technologies into the Company’s linear DNA amplicons designed and produced for therapeutic applications.
Johnson & Johnson has announced that its Janssen Pharmaceutical Companies have collaborated with the Beth Israel Deaconess Medical Center to support the development of a preventive vaccine candidate for COVID-19.
The significant technological advancements in the field of biosensor technology and the high demand of biosensor in monitoring & diagnostic devices of the market are the major drivers for the growth of the Asia-Pacific biosensor market.
Also, the growing awareness regarding the large population base, clinical outcomes, rise in the geriatric population, growth in diabetic population and technological advancement in medical devices and equipment are the other factors that are boosting the biosensors market in this region.
And the increasing use of biosensors to monitor glucose levels in individuals who are with diabetes along with rising demand for disposable, cost-efficient & user-friendly devices are anticipating the growth of the target market in the Asia-Pacific region during the outlook period.
Product Type: Non-wearable and Wearable
Technological Aspect: Electrochemical, Piezoelectric, and Thermal & Optical. The electrochemical segment was further sub-segmented into amperometric sensors, potentiometric sensors and conductometric sensors, where the amperometric sensors are further sub-segmented into blood glucose sensors and Potentiometric sensors are divided into immuno-sensors, penicillin biosensor, and urea biosensor. Among these all the segments, the electrochemical section held for the largest market share and anticipated to reach USD 5476.81 million during the projection period. And the optical section is the segment that was multiplying, at the fastest CAGR of 12.9 % during the forecast period.
End-User: Point of Care Testing, Home healthcare Diagnostics, Research Laboratories, Food Industry, and Others. And the point of care (POC) is further sub-segmented into glucose monitoring, cardiac markers, infectious diseases, coagulation monitoring, pregnancy & fertility testing, blood gas & electrolytes, tumor or cancer markers, urinalysis testing, cholesterol tests, and others.
Application: Medical Applications, Cholesterol Testing, Pregnancy Testing, Blood Gas Analyzer, Infectious Diseases, Agriculture, Environment, Food Toxicity, Blood Glucose Monitoring, and Others. Of these, the medical applications accounted for a prominent share in the regional market.
Region: India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
In the regional analysis of the Asia-Pacific Biosensors Market, China, Japan, India, Australia, and Others is the area that the market was divided. In all of these regions, Japan accounted for the largest share of Asia Pacific biosensor market revenue. And it is estimated to get valued around USD 2928.16 million over the forecast period. And China is the fastest-growing region which is likely to record a CAGR of 13.0% during the forecasted period.
The key players of the Asia-Pacific biosensors market include the Danaher Corporation, ABBOTT Laboratories, Siemens AG, AGAMATRIX, INC., Bayer AG, Johnson and Johnson, LifeSensors, Inc., Medtronic Plc., Bio-Rad Laboratories, Inc., and Analog Devices, Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.4 Y-o-Y Growth Analysis
5.1.5 Market Attractiveness Analysis
5.1.6 Market Share Analysis
5.2 By Technology
5.2.6 Y-o-Y Growth Analysis
5.2.7 Market Attractiveness Analysis
5.2.8 Market Share Analysis
5.3 By End-Use Industry
5.3.3 Food and Beverages
5.3.4 Home Diagnostics
5.3.6 Y-o-Y Growth Analysis
5.3.7 Market Attractiveness Analysis
5.3.8 Market Share Analysis
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By End-Use Industry
126.96.36.199 By Technology
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By End-Use Industry
18.104.22.168 By Technology
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By End-Use Industry
184.108.40.206 By Technology
6.3.6 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leader Analysis
8.1 Abbott Laboratories
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 AZUR Environmental
8.3 Johnson & Johnson.
8.4 Bayer AG
8.5 Biosensor BV
8.6 Pinnacle Technologies
8.7 Cranfield Biotechnology Centre
8.8 Ercon, Inc.
8.9 DuPont Biosensor Materials
8.10 EG & IC Sensors
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figure
Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of by type, End-use, technology & Region, along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
AsiaPacific Biosensors Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Biosensors Market By End-Use, From 2019-2024 ( USD Billion )
AsiaPacific PoC Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Food and Beverages Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Home Diagnostics Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Others Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Biosensors Market By Technology, From 2019-2024 ( USD Billion )
AsiaPacific Thermal Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Optical Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Electrochemical Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Biosensors Market By Type, From 2019-2024 ( USD Billion )
AsiaPacific Wearable Market By Region, From 2019-2024 ( USD Billion )
AsiaPacific Non-Wearable Market By Region, From 2019-2024 ( USD Billion )