WILMINGTON, DE / ACCESSWIRE / September 19, 2022 / Transparency Market Research Inc. - The last few years have witnessed increased prevalence of different cardiovascular, respiratory, and neurological diseases, worldwide. As a result, the focus on medical diagnosis and drug development to help patients recover from different disorders have increased significantly. Biosensors have played a key role in identifying and monitoring different diseases such as cancer and diabetes and hence have witnessed increased demand among healthcare personnel in hospitals and clinics. Rising demand for nanotechnology-based sensors augmenting growth in global biosensors market, rising product demand in a bid to detect hazardous pollutants in environment assisting in expansion of overall market.
Apart from detecting different diseases, biosensors have also been deployed as a blood gas analyzer, deployed in cholesterol testing, and in pregnancy testing. The demand for biosensors for medical purposes has risen significantly as they have proven beneficial in understanding mechanism of bio sensing technology. The global biosensors market is projected to advance at CAGR of 7.2% between 2021 and 2031.
New product launches are helping leading biosensors market players in creating revenue-generating opportunities and in gaining a competitive edge over other players. Prominent market player Abbott, in December 2020, announced the launch of new sensor-based glucose monitoring technology, which received approval from Health Canada to be used on patients diagnosed with diabetes. Leading biosensors market players are making huge investments in research and development activities in a bid to produce improved products that can meet the requirements of consumers in different end-use industries.
Request Sample Report at - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1272
Key Findings of Biosensors Market Study
- Increasing Need to Protect Environment Stimulating Growth in Global Biosensors Market: Biosensors are emerging as key elements in clean maintenance of the environment. Electrochemical biosensors are used to identify contaminants in the environment such as presence of carcinogenic pollutants in air, water, soil, and food. Furthermore, rising customer awareness about different health disorders as well as environmental dangers is triggering the biosensors demand. Rising biosensors demand to protect the environment is boosting the growth in global biosensors market
- Rising Demand for Nanotechnology-based Biosensors Augmenting Growth in Biosensors Market: Nanotechnology-based biosensors are witnessing increased demand for extensive applications such as glucose detection. They have also been deployed as fluorescent agents to identify nanomaterials for biomolecular sensing. Increasing demand for nanotechnology-based biosensors is stimulating the growth in overall biosensors market
Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1272
Biosensors Market: Key Drivers
- Growing adoption in medical applications is a key growth driver of global biosensors market
- Rising government investments in healthcare and pharmaceutical industries is triggering the growth in overall market
- Rising patient preference to self-monitor is stimulating the growth in global biosensors market
Biosensors Market: Regional Market Insights
Globally, North America is expected to emerge as the dominant region in global biosensors market during the forecast period. Key factors such as rising advancements in medical industry, increasing number of healthcare institutes, and rising number of pharmaceutical organizations in countries such as the U.S and Canada could help North America emerge as the most lucrative market
Biosensors Market: Key Players
Presence of numerous leading market players have ensured that the competition landscape in global biosensors market is fragmented. Entry of new players could further intensify the competition in global market, during the forecast period. Leading market players are adopting growth strategies such as signing collaborative agreements with smaller players which is assisting the players in expanding their presence in global market and increasing their revenue.
Some of the prominent players in overall market include Abbott, Agilent Technologies Inc., ACON Laboratories Inc., Mediatek Sansio, SD Biosensor Inc., BioDot, and Nanowear Inc.
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=1272
The global biosensors market is segmented as follows:
- By Product Type
- Wearable Biosensors
- Non-wearable Biosensors
- By Technology
- Electrochemical Biosensors
- Optical Biosensors
- Piezoelectric Biosensors
- Thermal Biosensors
- Nano mechanical Biosensors
- By Application
- POC
- Home Diagnostics
- Research Labs
- Environmental Monitoring
- Drug Discovery
- By End-use
- Healthcare
- Food & Beverages
- Others
- Regions Covered
- North America
- Europe
- Asia Pacific
- Rest of the World
Electronics and Semiconductors Research Reports
Ultraviolet Analyzer Market - The global ultraviolet (UV) analyzer market is expected to reach value of US$ 3.6 Bn by the end of 2031, grow at a CAGR of 5.7% from 2022 to 2031
Construction Robots Market - The global construction robots market is expected to reach value of US$ 359.6 Mn by the end of 2031, grow at a CAGR of 15.3% from 2022 to 2031
Smart Water Meter Market - The global smart water meter market is expected to reach US$ 6.29 Bn by the end of 2031, grow at a CAGR of 11.6% from 2022 to 2031
Thermoelectric Module Market - The global thermoelectric module market is expected to cross value of US$ 1.2 Bn by the end of 2031, grow at a CAGR of 7.9% from 2022 to 2031
Conventional and Rapid Prototyping Market - The global conventional and rapid prototyping market is expected to reach US$ 78.41 Bn by the end of 2031
Spintronic Devices Market - The global spintronic devices market is expected to reach a value of US$ 5.69 Bn by the end of 2031, expand at a CAGR of 24.7% from 2022 to 2031
Flexible Display Market - The global flexible display market is expected to cross value of US$ 242.6 Bn by the end of 2031, grow at a CAGR of 33.1% from 2022 to 2031
Gas Meters Market - The global gas meter market is expected to reach the US$ 6.17 Bn by the end of 2031, it is estimated to grow at a CAGR of 6.5% from 2022 to 2031
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel -
https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
SOURCE: Transparency Market Research inc.