The size and share of Europe Biosensors Market are estimated to grow in a significant way. It is anticipated that the target market is going to get valued around USD 8,531.9 million by 2025, recording a CAGR of 9.2% during the forecast period.
Biosensors are devices that are utilized to detect the presence or concentration of biological analysis, like an organic structure or a microorganism. These Biosensors consist of three major parts, which includes a component for recognizing the report 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 Europe Biosensors Market is attributed to the increased nanotechnology-based biosensors advancements. Also, the rising usage of biosensors for monitoring glucose levels in individuals who are with diabetes is another factor that is furthermore fuelling the growth of the target market. On the regional view of the market, most of the revenue is contributed to the UK and Germany.
Siemens AG, the largest industrial manufacturing company in Europe, has been signed an agreement by the Praxair Surface Technologies, a subsidiary of Linde plc, to strengthen up their relation in the coming years.
Medtronic plc, a medical device company that is headquartered in the Republic of Ireland, has announced that it is going to double its capacity to manufacture and supply ventilators, to reach the urgent needs of patients and healthcare systems across the globe to confront the COVID-19 virus.
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 European biosensor market.
Also, the emergence of nanotechnology-based biosensors and the growing use of biosensors to monitor glucose levels in individuals with diabetes is anticipated to boost the growth of the Europe Biosensors Market during the forecast period.
Product Type: Non-wearable and Wearable. Among these segments, the wearable segment held for a significant portion of the market's revenue with a share of 78.9%.
Technological Aspect: Electrochemical, Piezoelectric, and Thermal & Optical. Among all these segments, the electrochemical biosensors segment is dominating the market share with 38.2% and estimated to grow at a CAGR of 8.8% over the outlook period. But the Optical technology is likely to be the fastest-growing segment, recording the highest CAGR during the forecast period.
End-User: Point of Care Testing, Home healthcare Diagnostics, Research Laboratories, Food Industry, and Others. Of these, the point of care (POC) testing is dominating the market.
Application: Medical Applications, Cholesterol Testing, Pregnancy Testing, Blood Gas Analyzer, Infectious Diseases, Agriculture, Environment, Food Toxicity, Blood Glucose Monitoring, and Others. Of these, medical applications are supposed to drive regional sales in the future.
Region: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe
In the regional analysis of the Europe Biosensors Market, Germany, the United Kingdom, France, Spain, Italy, Russia, Turkey, Belgium, Nether lands, Switzerland, Rest of Europe are the regions studied in this market. The United Kingdom and Germany are the major contributors to the target market's revenue owing to the advancements in the biosensors technology that are developed in these countries and the presence of the major players of the biosensors market in Europe.
The Key Players of the Biosensors market in Europe are 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
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 Technoloy
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
Europe Biosensors Market By Region, From 2019-2024 ( USD Billion )
Europe Biosensors Market By End-Use, From 2019-2024 ( USD Billion )
Europe PoC Market By Region, From 2019-2024 ( USD Billion )
Europe Food and Beverages Market By Region, From 2019-2024 ( USD Billion )
Europe Home Diagnostics Market By Region, From 2019-2024 ( USD Billion )
Europe Others Market By Region, From 2019-2024 ( USD Billion )
Europe Biosensors Market By Technology, From 2019-2024 ( USD Billion )
Europe Thermal Market By Region, From 2019-2024 ( USD Billion )
Europe Optical Market By Region, From 2019-2024 ( USD Billion )
Europe Electrochemical Market By Region, From 2019-2024 ( USD Billion )
Europe Biosensors Market By Type, From 2019-2024 ( USD Billion )
Europe Wearable Market By Region, From 2019-2024 ( USD Billion )
Europe Non-Wearable Market By Region, From 2019-2024 ( USD Billion )