Biosensors in North America
Summary
Biosensors in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Biosensors are devices used to test the presence of biological material like microorganisms (such as bacteria, viruses, rickettsia, parasites, or fungi). They are frequently used in the healthcare sector to detect, recognize, and monitor a range of human disorders. Market value represents the revenue generated by market players in a specific year.
- The North American biosensors market recorded revenues of $11.8 billion in 2023, representing a compound annual growth rate (CAGR) of 7.4% between 2018 and 2023.
- The point of care (POC) segment accounted for the market's largest proportion in 2023, with total revenues of $5.4 billion, equivalent to 45.5% of the market's overall value.
- The increasing prevalence of diabetes is boosting the demand for biosensors in continuous glucose monitoring and disease management. According to the US Census Bureau, in November 2023, the number of people with diabetes in the US reached 37 million.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the biosensors market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the biosensors market in North America
- Leading company profiles reveal details of key biosensors market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America biosensors market with five year forecasts by both value and volume
- What was the size of the North America biosensors market by value in 2023?
- What will be the size of the North America biosensors market in 2028?
- What factors are affecting the strength of competition in the North America biosensors market?
- How has the market performed over the last five years?
- Who are the top competitors in North America's biosensors market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths and strategies of the players?
- 7.3. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. Johnson & Johnson
- 8.2. Medtronic Plc
- 8.3. Abbott Laboratories
- 8.4. Bio-Rad Laboratories Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- 10.4. About GlobalData
- List of Tables
- Table 1: North America biosensors market value: $ million, 2018-23
- Table 2: North America biosensors market category segmentation: % share, by value, 2018-23
- Table 3: North America biosensors market category segmentation: $ million, 2018-23
- Table 4: North America biosensors market geography segmentation: $ million, 2023
- Table 5: North America biosensors market value forecast: $ million, 2023-28
- Table 6: Johnson & Johnson: key facts
- Table 7: Johnson & Johnson: annual financial ratios
- Table 8: Johnson & Johnson: key employees
- Table 9: Johnson & Johnson: key employees Continued
- Table 10: Medtronic Plc: key facts
- Table 11: Medtronic Plc: annual financial ratios
- Table 12: Medtronic Plc: key employees
- Table 13: Medtronic Plc: key employees Continued
- Table 14: Abbott Laboratories: key facts
- Table 15: Abbott Laboratories: annual financial ratios
- Table 16: Abbott Laboratories: key employees
- Table 17: Abbott Laboratories: key employees Continued
- Table 18: Bio-Rad Laboratories Inc: key facts
- Table 19: Bio-Rad Laboratories Inc: annual financial ratios
- Table 20: Bio-Rad Laboratories Inc: key employees
- Table 21: North America exchange rate, 2018-23
- List of Figures
- Figure 1: North America biosensors market value: $ million, 2018-23
- Figure 2: North America biosensors market category segmentation: $ million, 2018-23
- Figure 3: North America biosensors market geography segmentation: % share, by value, 2023
- Figure 4: North America biosensors market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the biosensors market in North America, 2023
- Figure 6: Drivers of buyer power in the biosensors market in North America, 2023
- Figure 7: Drivers of supplier power in the biosensors market in North America, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the biosensors market in North America, 2023
- Figure 9: Factors influencing the threat of substitutes in the biosensors market in North America, 2023
- Figure 10: Drivers of degree of rivalry in the biosensors market in North America, 2023
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