Global biosensors market is expected to reach USD 21.17 billion by 2020. Biosensors, owing to their capability to resolve various analytical issues in diverse areas such as medicine, pharmacology, food & agriculture safety and defense, are expected to witness a rapid growth in demand over the next six years. Increasing demand for specific detection techniques for early diagnosis in the healthcare sector is expected to drive the overall biosensors market during the forecast period. Furthermore, the expanding role of biosensors in the real world environment has led to a hike in R&D efforts globally.
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Further key findings from the study suggest:
Optical biosensors are identified as the most lucrative technology segment of this market and are expected to grow at a CAGR of over 7.0% during the forecast period. Growing use of these sensors in the field of environmental scanning is one of the key drivers of this market. The recent progress in optical biosensors has made them apt for environmental scanning wherein they are used for quantifying and characterizing environmental pollutants.
Biosensors are mostly used in devices enabled with point of care testing. The biosensors based point of care testing segment accounted for over 40% of the end-use market in 2013. Moreover, rising demand for portable and integrated technologies that can be operated by untrained personnel outside conventional laboratories is expected to improve usage rates.
North America accounted for more than 35% of the market in 2013. Biosensors witness the highest market penetration rates in this region owing to the presence of high procedure volumes supported by favorable government initiatives. Moreover, rapidly growing demand for point of care and home healthcare markets in the U.S. is expected to drive regional market growth during the forecast period.
Asia Pacific has high future growth potential owing to the presence of large untapped opportunities in the emerging markets of India and China. Presence of favorable government initiatives aimed at improving environmental conditions and enhancing healthcare infrastructure in Japan and Australia are also expected to serve as a high impact rendering driver for this market.
Key players of this market include Abbott Point of Care Inc., Roche, Lifescan Inc., Bayer AG, Medtronic Inc., Universal Biosensors, Siemens Healthcare and Nova Biomedical Corporation.
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Table of Contents
Chapter 1. Executive Summary
1.1. Biosensors – Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Biosensors Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Biosensors market Dynamics
2.3.1. Market Driver Analysis
2.3.2. Market Restraint Analysis
2.4. Key Opportunities Prioritized
2.5. Industry Analysis – Porter’s
2.6. Biosensors market PESTEL Analysis, 2012
Chapter 3. Biosensors Application Outlook
3.1. Medical Applications
3.1.1. Medical Applications Market Estimates and Forecasts, 2012 – 2020 (USD Million)
22.214.171.124. Cholesterol Testing Market Estimates and Forecasts, 2012 – 2020 (USD Million)
126.96.36.199. Blood Glucose Monitoring Market Estimates and Forecasts, 2012 – 2020 (USD Million)
188.8.131.52. Blood Gas Analyzer Market Estimates and Forecasts, 2012 – 2020 (USD Million)
184.108.40.206. Pregnancy Testing Market Estimates and Forecasts, 2012 – 2020 (USD Million)
220.127.116.11. Drug Discovery Market Estimates and Forecasts, 2012 – 2020 (USD Million)
18.104.22.168. Infectious Diseases Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.2. Food Toxicity Detection
3.2.1. Food Toxicity Detection Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.3. Industrial Process Control (Bioreactor)
3.3.1. Industrial Process Control (Bioreactor) Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.4. Food Toxicity Detection
3.4.1. Food Toxicity Detection Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.5.1. Agriculture Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.6.1. Environment Market Estimates and Forecasts, 2012 – 2020 (USD Million)
3.7.1. Others Market Estimates and Forecasts, 2012 – 2020 (USD Million)
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