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Press Release

Global Biosensors Market (2016-2022) - By Type, Component, Industry & Region - Due to the Emergence of Latest Non-Medical Applications - Research and Markets

Research and Markets
Posted on: 02 Aug 17

The "Global Biosensors Market - By Type, Component, Industry, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.

The market for biosensors was valued at USD 15.96 Billion in 2016 and is projected to reach USD 27.06 Billion by 2022, with the CAGR being 8.84% during the forecast period.

US was the major shareholder with the market size being 80% of the total regional revenue share in 2016. Such a humungous market size can be attributed to increasingly dominant heart diseases and diabetes thus, propelling the clinicians, scientists as well as the patients to adopt technologically advanced products in a comparatively early stage.

On the other hand, Asia Pacific is expected to have a CAGR of 11.1%, i.e., the maximum CAGR of the forecast period. This can be attributed to increasing access to healthcare, rise in awareness among patients and also to the improvement in the healthcare facilities.

The growth for biosensors is mainly due to the emergence of latest non-medical applications, technological developments in micro-fluids, chronic health conditions leading to rise in home diagnostics, expansion of usage in POC testing. However, there stand a few challenges for the biosensors market, which can be stubborn competition from Dipstick tests and Spectrophotometry, high cost and complexity, lack of standardization etc.

Companies Mentioned

  • Abbott Point of Care Inc.
  • Medtronic Inc.
  • LifeScan Inc.
  • F. Hoffmann-La Roche Ltd.
  • AgaMatrix Inc.
  • Animas Corporation
  • LifeSensors Inc.
  • Siemens Healthcare
  • Nova Biomedical Corporation.

Key Topics Covered:

1. Our Research Methodology

2. Executive Summary

3. Market Overview

4. Global Biosensors Market Segmentation, Forecasts and Trends - by Revenue

5. By Type

6. By Component

7. By Industry

8. By Region

9. Vendor Market Share Analysis

10. Company Profiles

11. Industry Structure

For more information about this report visit https://www.researchandmarkets.com/research/mgfxd7/global_biosensors

View source version on businesswire.com: http://www.businesswire.com/news/home/20170802005955/en/

Business Wire
www.businesswire.com

Last updated on: 02/08/2017

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