As per the research report, the size of the Biosensors Market is expected to be estimated at USD 19.7 Billion in 2021 and is expected to expand at a CAGR 8.2% to USD 29.3 Billion by the end of 2026.
The Global Biosensors Market is one of the most anticipated markets to grow up to the net worth of USD 33.76 Billion by 2026, recording the CAGR of 8.1%. The tremendous growth of the biosensor market is attributed to the various applications in the medical field, the rise in the demand for miniature diagnostics devices, and rapid advancements in technologies. The recent increase in demand for simple, disposable, user-friendly and cost-effective devices with faster response time which are the qualities and principles that these biosensors are built on or made for is the crucial factor for the growth of the global biosensors market.
Adoption of the thermal biosensors in biomolecular interactions and hybridization analysis, environmental monitoring and cosmetic analysis are fueling the assumptions of the growth of the global biosensor market for the forecast period. Moreover, advancements in nanoparticle-based electro-chemical biosensors are a vital factor for the growth of the companies that are developing biosensors.
Recent Developments of Biosensors Market
Johnson & Johnson Group's division Ethicon entered into a research agreement with Brainstem Biometrics in June 2016 to support the clinical use of the Tremor Monitor System. The business-funded Biometrics biosensor clinical research, which is used to assess brainstem activity in the treatment of metabolic diseases.
Abbott announced the launch of the Afinion Test System (Afinion 2 Analyzer) in the US in May 2018. The Afinion 2 analyzer is a lightweight, multi-tasking system that streamlines and simplifies the delivery of actionable, accurate measurements of hemoglobin A1c (HbA1c) and albumin-to-creatinine ratio (ACR) at the point of care. Afinion 2 draws on Abbott's legacy in diabetes care by providing patients with health information that they can share with their health care providers.
Industry Driving Factors
Concerns about individual health in this changing era is one of the drivers for the global biosensors market. Owing to the matters of health, people are hoping for personalized medication and care. Therefore, the demand of the biosensors for the people, because of the applications it has in the medical field, which will boost the growth of the global biosensors market in the forecast period.
One of the technological advancement in the biosensors are the Vivo Biosensors. These sensors are basically used for continuous and monitoring in the long-term in real biological systems of target based. This technology in the biosensors is also a key driver for the global biosensor market growth. The demand of the point-of-care(POC) among the people concerned about their medications is rising the need of these biosensors. The ease of usage that they can offer is driving the people to adopt them.
The strict and precise rule to maintain and safety concerns about these biosensors used for various applications such as home healthcare, point of care testing and research laboratories is dragging down the global biosensors market. An expensive way to develop for R&D teams at initial stages is making the companies feel insecure about expenses. This is one of the critical factors that is haunting the global biosensor market for a long time.
The rarity of Label-free biosensors is the factor for the demand for them in the category of biosensors. Companies that are developing these Label-free biosensors are expected to grow because of the application it has and the uses it offers. Developing these Label-free biosensors can give an opportunity to the new players in the market to go into the people.
Market Size Available
2019 – 2025
2020 - 2025
By Technology, End-use, Type, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Abbott Laboratories; AZUR Environmental; Johnson & Johnson.; Bayer AG; Biosensor BV; Pinnacle Technologies, Inc.; Cranfield Biotechnology Centre; Ercon, Inc.; DuPont Biosensor Materials; EG & IC Sensors, Inc; QTL Biosystems & Molecular Devices Corp.
This Research Report Includes the Segmentation of the Global Biosensors Market with Evaluated Size & Forecast Until 2025.
Biosensors Market: By Technology
Based on Technology, Electrochemical engineering gained the largest market share in 2018 due to its broad applications for quantification and analysis in biochemical and biological processes. Electrochemical biosensors have benefits like wide linear response range, low detection limits, reproducibility, and optimal stability.
The optical segment is expected to experience the fastest growth in the forecast period. Rising demand for optical biosensors for analysis due to their flexible analytical coverage is expected to fuel segment growth over the forecast period. Optical biosensors are used for structural tests, fermentation control, receptor-cell interactions, concentration, kinetic and balance analysis. Such factors are like lit to boost the demand for optical biosensors.
Biosensors Market: By Product Type
In the product type segmentation, the non-wearable biosensor market is expected to acquire a considerable market share in the forecast period, attributing to its applications, such as onsite monitoring of production processes. Also, these biosensors are helpful for the food industry in addressing challenges like meeting food quality guidelines, providing analytical accuracy within complex food matrices, and others. These applications of non-wearable biosensors are the reason for the development of the segment in the global biosensor market.
Biosensors Market: By End-User
Based on the End-Use Industry, the PoC screening biosensors dominated the market in 2018. Technological advances in novel product development, such as ultra-sensible printable biosensors for point-of-care applications that help detect or track biological fluids such as urine, blood, sweat, and saliva, are critical drivers of the growth of biosensors in the point-of-care diagnostics market over the forecast period.
Biosensors in the food industry are predicted to see the fastest growth in the forecast period. Crucial factors attributing to its rapid growth include its ability to overcome various challenges in the food processing sector, which provides for reducing the costs incurred during the hygiene study by delivering quick and precise test results.
Biosensors Market: Region
The Biosensors Market Report includes the Region analysis with their respective Countries.
North America Biosensors Market includes U.S, Canada
Europe Biosensors Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
Asia Pacific Biosensors Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
Latin America Biosensors Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM
Middle East & Africa Biosensors Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA
Regionally, North America held the largest market share of around 40.0% in 2018 and will hold its leading position in the forecast period. This can be due to the increasing prevalence of targeted diseases and the involvement of key companies in the region. The Clean Air Act, the Clean Water Act and the U.S. National Environmental Policy Act continue to monitor environmental pollution and are intended to provide attractive opportunities for growth in the regional market.
Asia Pacific is expected to show the fastest growth in the forecast period. The presence of high unmet medical needs for target diseases, such as cancer, diabetes, and other infectious diseases, growing patient awareness and continuously improving healthcare expenditure in the area are some of the key factors contributing to the growth of the Asia Pacific Biosensors market.
Some of the key players in the Biosensors market are Abbott Laboratories; AZUR Environmental; Johnson & Johnson.; Bayer AG; Biosensor BV; Pinnacle Technologies, Inc.; Cranfield Biotechnology Centre; Ercon, Inc.; DuPont Biosensor Materials; EG & IC Sensors, Inc; QTL Biosystems & Molecular Devices Corp.
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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
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By End-Use Industry
188.8.131.52 By Technology
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By End-Use Industry
22.214.171.124 By Technology
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By End-Use Industry
220.127.116.11 By Technology
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
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 Figures
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
Global Biosensors Market By Region, From 2021-2026 ( USD Billion )
Global Biosensors Market By End-Use, From 2021-2026 ( USD Billion )
Global PoC Market By Region, From 2021-2026 ( USD Billion )
Global Food and Beverages Market By Region, From 2021-2026 ( USD Billion )
Global Home Diagnostics Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )
Global Biosensors Market By Technology, From 2021-2026 ( USD Billion )
Global Thermal Market By Region, From 2021-2026 ( USD Billion )
Global Optical Market By Region, From 2021-2026 ( USD Billion )
Global Electrochemical Market By Region, From 2021-2026 ( USD Billion )
Global Biosensors Market By Type, From 2021-2026 ( USD Billion )
Global Wearable Market By Region, From 2021-2026 ( USD Billion )
Global Non-Wearable Market By Region, From 2021-2026 ( USD Billion )