The size and share of Biosensors Market in Latin America is anticipated to grow remarkably over the forecast period of 2021 - 2026.
Biosensors are devices that are utilized to detect the presence or concentration of a biological analyte, like an organic structure or 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 these reader devices connect through the associated electronics or signal processors which are primarily responsible for the display of the results in a user-friendly way. The target market in this region is witnessing traction owing to the rising demand for the devices that are cost-efficient & user-friendly and the increasing usage of biosensors in countries like Brazil.
Recent Developments
Medtronic plc, a medical device developing company, 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 as we confront the COVID-19 virus.
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 major drivers of the growth of the Latin America Biosensors Market are the technological developments in this biosensor technologies and growing demand for the biosensor for the usage in monitoring & diagnostic devices. Moreover, factors like rising awareness about the clinical outcomes, the large population base, growing the geriatric population, increasing diabetic population, technological developments that are happening in medical devices and equipment are the fuelling factors for the growth of Latin America biosensor market.
Also, the organic production of cost-efficient & user-friendly devices is anticipating the growth of the target market in the Latin America region during the forecast period.
Product Type: Non-wearable and Wearable.
Technological Aspect: Electrochemical, Piezoelectric, and Thermal & Optical. Among these all the segments, the electrochemical section held for the largest market share and anticipated to grow more during the forecast period. And the optical sector is the segment that was witnessing the rapid growth globally and regionally.
End-User: Point of Care Testing, Home healthcare Diagnostics, Research Laboratories, Food Industry, and Others. Of these, the Point of care testing segment is growing with a robust pace and is likely to continue the same trend in the next few years in the regional market.
Application: Medical Applications, Cholesterol Testing, Pregnancy Testing, Blood Gas Analyzer, Infectious Diseases, Agriculture, Environment, Food Toxicity, Blood Glucose Monitoring, and Others. Among these, the medical applications like Blood Glucose Monitoring, Cholesterol Testing, Pregnancy Testing, Blood Gas Analyzer, Infectious Diseases, and Others are supposed to account for a notable portion in the local business.
Region: Brazil, Mexico, Argentina, Chile & Rest of LATAM
In the regional analysis, the biosensors market in Latin America is majorly dominated by countries like Brazil and Mexico. The growth of the target market in these countries is attributed to the need for them in various industries throughout several applications.
The Key Players of the Biosensors in Latin America includes the Danaher Corporation, ABBOTT Laboratories, Siemens AG, AGAMATRIX, INC., Bayer AG, Johnson and Johnson, Life Sensors, Inc., Medtronic Plc., Bio-Rad laboratories, Inc., and Analog Devices, Inc.
1. Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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
5.1.1 Introduction
5.1.2 Wearable
5.1.3 Non-wearable
5.1.4 Y-o-Y Growth Analysis
5.1.5 Market Attractiveness Analysis
5.1.6 Market Share Analysis
5.2 By Technology
5.2.1 Introduction
5.2.2 Thermal
5.2.3 Optical
5.2.4 Electrochemical
5.2.5 Other
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
5.3.1 Introduction
5.3.2 PoC
5.3.3 Food and Beverages
5.3.4 Home Diagnostics
5.3.5 Others
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 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By End-Use Industry
6.1.3.4 By Technology
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By End-Use Industry
6.1.4.4 By Technology
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By End-Use Industry
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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
8.1.1 Overview
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
Appendix
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
Latin America Biosensors Market By Region, From 2021-2026 ( USD Billion )
Latin America Biosensors Market By End-Use, From 2021-2026 ( USD Billion )
Latin America PoC Market By Region, From 2021-2026 ( USD Billion )
Latin America Food and Beverages Market By Region, From 2021-2026 ( USD Billion )
Latin America Home Diagnostics Market By Region, From 2021-2026 ( USD Billion )
Latin America Others Market By Region, From 2021-2026 ( USD Billion )
Latin America Biosensors Market By Technology, From 2021-2026 ( USD Billion )
Latin America Thermal Market By Region, From 2021-2026 ( USD Billion )
Latin America Optical Market By Region, From 2021-2026 ( USD Billion )
Latin America Electrochemical Market By Region, From 2021-2026 ( USD Billion )
Latin America Biosensors Market By Type, From 2021-2026 ( USD Billion )
Latin America Wearable Market By Region, From 2021-2026 ( USD Billion )
Latin America Non-Wearable Market By Region, From 2021-2026 ( USD Billion )
