Global Biosensors Market Growth 2023-2029

Global Biosensors Market Growth 2023-2029

A biosensor is an analytical device, used for the detection of an analyte, it combines a biological component with a physicochemical detector. The sensitive biological element (e.g. tissue, microorganisms, organelles, cell receptors, enzymes, antibodies, nucleic acids, etc.) is a biologically derived material or biomimetic component that interacts (binds or recognizes) with the analyte under study. The biologically sensitive elements can also be created by biological engineering. The transducer or the detector element (works in a physicochemical way; optical, piezoelectric, electrochemical, etc.) transforms the signal resulting from the interaction of the analyte with the biological element into another signal (i.e., transduces) that can be more easily measured and quantified. The biosensor reader device with the associated electronics or signal processors that are primarily responsible for the display of the results in a user-friendly way. This sometimes accounts for the most expensive part of the sensor device however it is possible to generate a user friendly display that includes transducer and sensitive element (holographic sensor). The readers are usually custom-designed and manufactured to suit the different working principles of biosensors.

The Biosensors industry can be broken down into several segments, Non-wearable Biosensor, Wearable Biosensor, Others, etc.

LPI (LP Information)' newest research report, the “Biosensors Industry Forecast” looks at past sales and reviews total world Biosensors sales in 2022, providing a comprehensive analysis by region and market sector of projected Biosensors sales for 2023 through 2029. With Biosensors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biosensors industry.

This Insight Report provides a comprehensive analysis of the global Biosensors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biosensors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biosensors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biosensors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biosensors.

The global Biosensors market size is projected to grow from US$ 11680 million in 2022 to US$ 21100 million in 2029; it is expected to grow at a CAGR of 21100 from 2023 to 2029.

Global biosensors main manufactuers include Abbott, Dexcom, Medtronic and Ascensia Diabetes Care, totally accounting for about 60% of the market. North America is the largest market of biosensors, holding a share about 40%. As for the types of products, it can be divided into non-wearable biosensor and wearable biosensor. As for the applications of products, it is widely used in medical science, environmental monitoring, food industry, agriculture and others. The most common application is in medical science, with a share about 68%.

This report presents a comprehensive overview, market shares, and growth opportunities of Biosensors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Non-wearable Biosensor

Wearable Biosensor

Segmentation by application

Medical Science

Environmental Monitoring

Food

Agriculture

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Abbott

Dexcom

Medtronic

Ascensia Diabetes Care

LifeScan, Inc.

Roche

ARKRAY

Sinocare

Nova Biomedical

B. Braun

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biosensors market?

What factors are driving Biosensors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biosensors market opportunities vary by end market size?

How does Biosensors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.