The global biosensors market size is expected to reach around US$ 49.6 billion by 2030 and is expected to grow at an impressive double-digit rate of 7.7% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Biosensors market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
Recent Developments
- Abbott declared in December 2020 that FreeStyle Libre 2, their next generation sensor-based glucose monitoring device had acquired Health Canada approval for children and adult with diabetes.
- Philips gained Food and Drug Administration certification for its wearable biosensors in May 2020. In hospitals, the BX100 can aid in the management of proven and suspected COVID-19 cases.
- Bio-Rad Laboratories declared in December 2020 that its cooperative marketing partnership with Siemens Healthineers will be expanded with Bio-Rad providingUnity Quality Control data supervision solutions andeminence control products for Siemens Healthineers’ Atellica Solution platforms.
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Report Scope of the Biosensors Market
| Report Coverage | Details |
| Market Size by 2030 | USD 49.6 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.7% |
| North America Market Share in 2021 | 40% |
| Medical Segment Market Share in 2021 | 67% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights
- On the basis of technology, electrochemical segment holds the largest market share in the global biosensors market. Electrochemical technology has a number of advantages over other technologies. Electrochemical biosensors are inexpensive and require little power to operate. The global market for biosensors is being driven by this aspect.
- On the basis of application, medical segment holds the largest market share in the global biosensors market. Biosensors are frequently used in the medical field to detect and diagnose a variety of diseases. Biosensors are one of the most essential tools for cancer and diabetes detection. As a result, the increased occurrence of such diseases is propelling the worldwide biosensors market forward.
- On the basis of end user, point of care testing segment holds the largest market share in the global biosensors market. Due to technical improvements, the market for biosensors in point-of-care testing is rising. The biosensors are used to monitor the human body’s saliva, urine, and blood. For detecting numerous disorders, the results are accurate and exact.
Market Dynamics
Drivers
Surge in demand for wearable devices
The demand for wearable medical devices is growing at a rapid pace. The wearable devices can be used by any age group people. The biosensors in the wearable devices track and monitor the health of a person who is wearing that particular device. This avoids the growing number of chronic illnesses. As a result, surge in demand for wearable devices is driving the growth of global biosensors market.
Restraints
Long approval cycles
The manufacturers of biosensors are facing various obstacles for the development of biosensors market. The medical devices need to be approved by government agencies. Similarly, the Food and Drug Administration approves the biosensors for further utilization in the market. Without this, biosensors cannot be marketed easily. Sometimes, it takes time for approval. Thus, long approval cycles are restricting the expansion of global biosensors market during the projected period.
Opportunities
Growing demand for nanotechnology-based biosensors
The biosensors which are made with the help of nanomaterials are known as nanotechnology-based biosensors. This type of biosensors is latest and advance form of biosensors in the global market. The nanotechnology-based biosensors are widely used in all types of medical devices for detection and monitoring of various diseases and ailments. As a result, growing demand for nanotechnology-based biosensors are contributing towards the growth of global biosensors market.
Challenges
Slow adoption of biosensors
Due to the expensive cost of biosensors and the limited demand from the healthcare business, biosensors technology has seen a slow rate of commercialization in recent years. The biosensors are not used in every industry. The growth rate is quite slow. Thus, slow adoption of biosensors is a major challenge for the growth of global biosensors market over the forecast period.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global Biosensors market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Biosensors market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global Biosensors market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Biosensors are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global Biosensors market include:
- Bio-Rad Laboratories Inc.
- Abbott Laboratories
- Biosensors International Group Ltd.
- DuPont Biosensor Materials
- Pinnacle Technologies Inc.
- Johnson & Johnson
- Molecular Devices Corporation
- QTL Biodetection LLC
- TDK Corporation
- Zimmer & Peacock AS
Market Segmentation:
By Technology
- Thermal
- Electrochemical
- Piezoelectric
- Optical
By Application
- Medical
- Cholesterol
- Blood glucose
- Blood gas analyzer
- Pregnancy testing
- Drug discovery
- Infectious disease
- Food Toxicity
- Bioreactor
- Agriculture
- Environment
- Others
By End User
- Home Healthcare Diagnostics
- PoC Testing
- Food Industry
- Research Laboratories
- Security and Bio-defense
By Type
- Sensor Patch
- Embedded Device
By Product
- Wearable Biosensors
- Non-wearable Biosensors
Regional Analysis:
The geographical analysis of the global Biosensors market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Biosensors Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Biosensors market in 2030?
- What is the expected CAGR for the Biosensors market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Biosensors market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Biosensors Market
5.1. COVID-19 Landscape: Biosensors Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Biosensors Market, By Application Type
8.1. Biosensors Market, by Application Type, 2022-2030
8.1.1. Medical
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Food Toxicity
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Bioreactor
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Environment
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Agriculture
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Biosensors Market, By End User Type
9.1. Biosensors Market, by End User Type, 2022-2030
9.1.1. Home Healthcare Diagnostics
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. PoC Testing
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Food Industry
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Research Laboratories
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Security and Bio-defense
9.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Biosensors Market, By Technology Type
10.1. Biosensors Market, by Technology Type, 2022-2030
10.1.1. Thermal
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Electrochemical
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Piezoelectric
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Optical
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Others
10.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Biosensors Market, By Type
11.1. Biosensors Market, by Type, 2022-2030
11.1.1. Sensor Patch
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Embedded Device
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Biosensors Market, By Product
12.1. Biosensors Market, by Product, 2022-2030
12.1.1. Wearable Biosensors
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Non-wearable Biosensors
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Biosensors Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.2. Market Revenue and Forecast, by End User (2017-2030)
13.1.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.5. Market Revenue and Forecast, by Product (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.6.2. Market Revenue and Forecast, by End User (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.7. Market Revenue and Forecast, by Product (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.2. Market Revenue and Forecast, by End User (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Product (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.2. Market Revenue and Forecast, by End User (2017-2030)
13.2.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.5. Market Revenue and Forecast, by Product (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.6.2. Market Revenue and Forecast, by End User (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.7. Market Revenue and Forecast, by Type (2017-2030)
13.2.8. Market Revenue and Forecast, by Product (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.9.2. Market Revenue and Forecast, by End User (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.10. Market Revenue and Forecast, by Type (2017-2030)
13.2.11. Market Revenue and Forecast, by Product (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.12.2. Market Revenue and Forecast, by End User (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.13. Market Revenue and Forecast, by Product (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Application (2017-2030)
13.2.14.2. Market Revenue and Forecast, by End User (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Type (2017-2030)
13.2.15. Market Revenue and Forecast, by Product (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.2. Market Revenue and Forecast, by End User (2017-2030)
13.3.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.5. Market Revenue and Forecast, by Product (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.6.2. Market Revenue and Forecast, by End User (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.7. Market Revenue and Forecast, by Product (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.8.2. Market Revenue and Forecast, by End User (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.9. Market Revenue and Forecast, by Product (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.2. Market Revenue and Forecast, by End User (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Product (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.2. Market Revenue and Forecast, by End User (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Product (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.2. Market Revenue and Forecast, by End User (2017-2030)
13.4.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.5. Market Revenue and Forecast, by Product (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.6.2. Market Revenue and Forecast, by End User (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.7. Market Revenue and Forecast, by Product (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.8.2. Market Revenue and Forecast, by End User (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.9. Market Revenue and Forecast, by Product (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.2. Market Revenue and Forecast, by End User (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Product (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.2. Market Revenue and Forecast, by End User (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Product (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.2. Market Revenue and Forecast, by End User (2017-2030)
13.5.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.5. Market Revenue and Forecast, by Product (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.6.2. Market Revenue and Forecast, by End User (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.7. Market Revenue and Forecast, by Product (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.2. Market Revenue and Forecast, by End User (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Product (2017-2030)
Chapter 14. Company Profiles
14.1. Bio-Rad Laboratories Inc.
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Abbott Laboratories
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Biosensors International Group Ltd.
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. DuPont Biosensor Materials
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Pinnacle Technologies Inc.
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Johnson & Johnson
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Molecular Devices Corporation
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. QTL Biodetection LLC
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. TDK Corporation
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Zimmer & Peacock AS
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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