Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020

Published: May 2015
Available Format: PDF

No. of Pages: 86
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Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020
P&S Market Research releases a new research report with market overview, trends, DRO
analysis, market segmentation, market size, share, forecast, porter analysis, recent
developments, competitive scenario and top competitor profiles in:
Global Industry Insight: Biosensors Market Development and Demand Forecast to 2020
Explore detailed TOC and Scope of the report: https://www.psmarketresearch.com/marketanalysis/biosensors-market
Biosensors are investigative devices composed of transducer and biological element for
providing analytical information. These devices convert biological response into an electrical
response, to recognize the function and structure of various molecules.
The global biosensors market is being driven by increasing prevalence of diabetic population,
and rise in geriatric population. Diabetes is a chronic and non-communicable disease, and its
global prevalence is increasing enormously. Increasing demand of point of care testing, rising
prevalence of chronic and lifestyle associated diseases, and increasing application of
biosensors in various industries are some of the other factors driving the global biosensors
market. In addition, rising product innovation in biosensors helps medical device
manufacturing company to develop innovative products for advance diagnostic solutions in
order to respond to the rising industry demands.
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Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020
In order to reduce the global burden of chronic and lifestyle associated diseases, accurate
diagnosis is needed for prevention of such diseases; and biosensors help in detection and
monitoring of these diseases. However, strict regulatory requirements and reimbursement
policy issues in healthcare system are inhibiting the growth of the global biosensors market.
Growing aging population, increasing health awareness, rising chronic and lifestyle diseases,
technological developments for various home use applications, and appropriate insurance
coverage are driving the biosensors market in North America. Similarly, in Europe, according
to International Diabetic Federation in 2013, approximately 52 million people are suffering
from diabetes. Thus increasing prevalence of diabetes would increase the usage of biosensor
devices for the diagnosis. In addition, in Asia-Pacific region, China is one of the fastest growing
countries due to increasing awareness of clinical outcomes and large population base.
The global biosensors market has a fragmented structure with a large number of companies.
The major companies in the market include Siemens Healthcare, Abbott Laboratories, Inc.,
Johnson and Johnson, Medtronic, Inc., F. Hoffmann La Roche, and Bayer AG.
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Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020
Biosensors Market Segmentation
Biosensors Market by Application
Medical diagnostics
Food toxicity detection
Industrial process control
Environmental
Agricultural testing
Biosensors Market by End-users
Point of care testing
Home healthcare diagnostics
Research laboratories
Food industry
Security and bio-defense
Biosensors Market by Technology
Electrochemical biosensor
Piezoelectric biosensors
Optical biosensors
Thermal biosensor

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Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020
Geographical Segmentation
Biosensors Market by Region
North America
The U.S.
Europe
Germany
France
Italy
The U.K.
Asia-Pacific
India
China
Japan
Rest of the World (ROW)
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Global Biosensors Market is expected to achieve

$22,490.0 million value by 2020
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