Biosensors

Global Biosensors Market to Reach US$53.7 Billion by 2030

The global market for Biosensors estimated at US$35.3 Billion in the year 2024, is expected to reach US$53.7 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. Non-wearable, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$28.3 Billion by the end of the analysis period. Growth in the Wearable segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.8 Billion While China is Forecast to Grow at 8.8% CAGR

The Biosensors market in the U.S. is estimated at US$12.8 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.0% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.

Global Biosensors Market - Key Trends & Drivers Summarized

Biosensors are analytical devices that combine a biological component with a physicochemical detector to measure and analyze various substances. These devices are widely used in medical diagnostics, environmental monitoring, food safety, and biotechnology. The biological component, which can be enzymes, antibodies, nucleic acids, or cells, interacts with the analyte of interest, producing a signal that the detector converts into measurable data. Biosensors offer high specificity and sensitivity, making them invaluable tools for detecting low concentrations of biomarkers, pathogens, pollutants, and other substances.

The development of biosensors has been propelled by advancements in biochemistry, nanotechnology, and materials science. Innovations in these fields have led to the creation of more robust and versatile biosensors with enhanced performance characteristics. For instance, the integration of nanomaterials, such as gold nanoparticles and carbon nanotubes, has significantly improved the sensitivity and response time of biosensors. Additionally, the miniaturization of biosensor components and the advent of microfluidics have facilitated the development of portable and point-of-care diagnostic devices. The increasing use of biosensors in wearable technology is also transforming personal health monitoring, enabling continuous tracking of vital signs and real-time health assessments.

The growth in the biosensor market is driven by several factors. Firstly, the rising prevalence of chronic diseases and the need for early diagnosis and monitoring are boosting the demand for biosensors in the healthcare sector. Secondly, advancements in nanotechnology and materials science are enhancing the performance and functionality of biosensors. Thirdly, the growing focus on personalized medicine and the increasing adoption of point-of-care testing are driving the development of portable and user-friendly biosensors. Additionally, the expansion of the food and environmental safety sectors is supporting the use of biosensors for detecting contaminants and ensuring compliance with safety standards. Lastly, government initiatives and funding for biosensor research and development are further propelling market growth, ensuring the continued evolution and application of these vital analytical devices.

SCOPE OF STUDY:

The report analyzes the Biosensors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Non-wearable, Wearable); Technology (Electrochemical, Optical, Thermal, Other Technologies); Application (Medical, Agriculture, Environment, Food Toxicity, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 119 Featured) -

• Abbott Laboratories
• Bio-Rad Laboratories, Inc.
• Cytiva
• Dexcom, Inc.
• Masimo Corporation
• Medtronic Plc
• Nova Biomedical
• Siemens Medical Solutions USA, Inc.
• Thermo Fisher Scientific Inc.
• WaveForm Technologies, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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