Biosensors are simply defined as self-containing analytical devices included of a biological sensing element, or biorecognition element, responsible for specificity, and a physical transducer that translates the recognition phenomenon into a measurable signal.
Biosensor-based devices deliver rapid, on-site, and real-time monitoring without the requirement of sample preparation. The increasing applications of biosensors in several fields such as drug development, medical diagnosis, food safety, and environmental monitoring are boosting the growth of the global Biosensors market. In addition to this, recent improvements in biosensor instrumentation and increasing applications of nanotechnology are other noteworthy factors contributing to the growth of the Biosensors market. Furthermore, increasing use of biosensors to monitor glucose levels in individuals with diabetes, rising demand for home-based point of care devices due to the COVID-19 pandemic, and increasing government initiatives toward diagnostics are other favorable factors that are positively impacting the growth of the Biosensors market.
The biosensors market is also witnessing slow commercialization, mainly due to price sensitivity, acceptance from end-users, and concerns related to the quality, authenticity, and reliability of the products. This key aspect is expected to hold back the market development over the forecast period.
Covid-19 Impact on Biosensors Market
In addition, the current Biosensors Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Biosensors Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Biosensors Market Segment Overview
According to Technologies, the Electrochemical segment has a major share of the global Biosensors market and is expected to sustain its supremacy over the forecast period. Factors such as the increasing applications for the detection and early diagnosis of various diseases such as diabetes and tuberculosis are significantly contributed to the growth of the electrochemical biosensors segment. In addition, electrochemical biosensors have emerged immensely among researchers owing to high demand from the global market for the analysis of contents of a biological sample. Moreover, the medical application segment holds the maximum share of the global Biosensors market. The factors propelling the growth of this segment are the high prevalence of chronic diseases across the world and the increasing preference of the population for self-monitoring. By end-users, the Point of Care Testing segment accounted for the major market share due to several factors such as better-quality service, reduction of patient waiting time, and more patient satisfaction.
Biosensors Market, By Technologies
· Electrochemical
· Optical
· Thermal
· Piezoelectric
Biosensors Market, By Applications
· Medical
· Food Toxicity Detection
· Industrial Process Control
· Agriculture
· Environment
· Others
Biosensors Market, By End Users
· Point of Care Testing
· Home Healthcare Diagnostics
· Research Laboratories
· Security and Bio-defense
· Food Industry
Biosensors Market Regional Overview
In terms of region, North America is estimated to be the key contributor towards the growth of the market. Factors that have enlarged the growth of the Biosensors market in North America are the huge presence of pharmaceutical research and development units, improved healthcare infrastructure and technological progress in the field of medical diagnostics are boosting the demand for biosensors in North America. Besides this, Asia Pacific is expected to drive substantial growth in the global Biosensors market in the years to come. Factors such as favorable initiatives taken by the government to develop the healthcare sector, strong economic growth, growing consumer awareness about health issues, and large population are fuelling the growth of the market steadily in this region.
Biosensors Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Biosensors Market, Key Players
· 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
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Biosensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technologies
- 5.2.1. Electrochemical
- 5.2.2. Optical
- 5.2.3. Thermal
- 5.2.4. Piezoelectric
- 5.3. Market Analysis, Insights and Forecast – By Applications
- 5.3.1. Medical
- 5.3.2. Food Toxicity Detection
- 5.3.3. Industrial Process Control
- 5.3.4. Agriculture
- 5.3.5. Environment
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By End Users
- 5.4.1. Point of Care Testing
- 5.4.2. Home Healthcare Diagnostics
- 5.4.3. Research Laboratories
- 5.4.4. Security and Bio-defense
- 5.4.5. Food Industry
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Biosensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technologies
- 6.2.1. Electrochemical
- 6.2.2. Optical
- 6.2.3. Thermal
- 6.2.4. Piezoelectric
- 6.3. Market Analysis, Insights and Forecast – By Applications
- 6.3.1. Medical
- 6.3.2. Food Toxicity Detection
- 6.3.3. Industrial Process Control
- 6.3.4. Agriculture
- 6.3.5. Environment
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By End Users
- 6.4.1. Point of Care Testing
- 6.4.2. Home Healthcare Diagnostics
- 6.4.3. Research Laboratories
- 6.4.4. Security and Bio-defense
- 6.4.5. Food Industry
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Biosensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technologies
- 7.2.1. Electrochemical
- 7.2.2. Optical
- 7.2.3. Thermal
- 7.2.4. Piezoelectric
- 7.3. Market Analysis, Insights and Forecast – By Applications
- 7.3.1. Medical
- 7.3.2. Food Toxicity Detection
- 7.3.3. Industrial Process Control
- 7.3.4. Agriculture
- 7.3.5. Environment
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By End Users
- 7.4.1. Point of Care Testing
- 7.4.2. Home Healthcare Diagnostics
- 7.4.3. Research Laboratories
- 7.4.4. Security and Bio-defense
- 7.4.5. Food Industry
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Biosensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technologies
- 8.2.1. Electrochemical
- 8.2.2. Optical
- 8.2.3. Thermal
- 8.2.4. Piezoelectric
- 8.3. Market Analysis, Insights and Forecast – By Applications
- 8.3.1. Medical
- 8.3.2. Food Toxicity Detection
- 8.3.3. Industrial Process Control
- 8.3.4. Agriculture
- 8.3.5. Environment
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By End Users
- 8.4.1. Point of Care Testing
- 8.4.2. Home Healthcare Diagnostics
- 8.4.3. Research Laboratories
- 8.4.4. Security and Bio-defense
- 8.4.5. Food Industry
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Biosensors Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technologies
- 9.2.1. Electrochemical
- 9.2.2. Optical
- 9.2.3. Thermal
- 9.2.4. Piezoelectric
- 9.3. Market Analysis, Insights and Forecast – By Applications
- 9.3.1. Medical
- 9.3.2. Food Toxicity Detection
- 9.3.3. Industrial Process Control
- 9.3.4. Agriculture
- 9.3.5. Environment
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By End Users
- 9.4.1. Point of Care Testing
- 9.4.2. Home Healthcare Diagnostics
- 9.4.3. Research Laboratories
- 9.4.4. Security and Bio-defense
- 9.4.5. Food Industry
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Abbott Point of Care, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Medtronic, Inc.
- 10.6. LifeScan, Inc.
- 10.7. F. Hoffmann-La Roche Ltd.
- 10.8. AgaMatrix, Inc.
- 10.9. Animas Corporation
- 10.10. LifeSensors, Inc.
- 10.11. Siemens Healthcare
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
