The global BiosensorsMarket is anticipated to reach 21.2 billion by 2020 owing to the rise in technological developments in all the sectors of the biosensors industry. The Biosensors are the medical devices that provide analytical information with the help of the given biological responses available in micro-volumes. The biosensors include three components namely the bio elements, biological recognition unit and the transducers. The biological recognition unit deals with the given biological responses, bio-elements that establishes enzymes, antibiotics, living tissues and transducers. The biosensors market is expected to grow at a CAGR of 7.9% in the forecast period.
They
transform the signals produced with the contact of bio-elements with biological
recognition unit into electric signal. Biosensors are advanced and innovative
technological medical devices that are used in ultra-microanalysis providing
high level output, accuracy, specification, sensitivity within reasonable
rates. The biosensors are indispensable devices that features quick detention
ability, easy usage, low cost and have portable solutions. The rising
prevalence of lifestyle-induced and chronic diseases are demanding the
point-of-care testing (POCT), rise in the geriatric population and biosensors
for nanotechnology is expected to fuel up the growth of biosensors industry.
The
increasing popularity of medical equipment, personalized medications and wider
acceptability of user-friendly Biosensors are expected to grow the biosensors
market. In spite of these driving factors, the market is sensing to face
restrictions emerging from complicated reimbursement policies and strict
regulatory requirements implemented in the global healthcare industry.
Additionally, the adoption speed of these regulatory requirements to advanced
technologies is slower due to which the global market is expecting hindrances.
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Furthermore,
the present lifestyle disorders and the prevalent chronic diseases are
stimulating the consumers to adopt the biosensors for early detection of
unhealthy viruses in the body. Also the rising geriatric population, and
increasing acceptance of nanotechnology is again expanding the application of
Biosensors in terms of their affordability and accessibility. The other
industrial applications of Biosensors are in the food analysis, monitoring of
microbial activities, and imaging operations.
Since
maintaining or preserving the normal glucose levels is crucial for the patients
suffering from diabetics, the development of the suitable glucose biosensor has
been introduced to support the patients with this very common disorder.
However, rising requirement of self-monitoring devices is enlarging the use of
biosensors especially in handy forms. These sensors are presently available in
minimal level and is least effective to the glucose levels in the patient. The
examination of glucose level in the diabetic patient’s body is required at
regular intervals to manage the disease. Due to this, several technical
enhancements are being approved for the improved manufacturing of sensors.
However, the manufacture of reliable and accurate biosensors is predicted to be
one of the major challenges for the market players.
The
biosensors industry is categorized on the grounds of application, technology,
product type and geography. On the grounds of application, the market is
divided into food toxicity detection, industrial process control, agriculture,
medical, environmental monitoring, drug abuse prevention, defense, etc. The
technologies mentioned here comprise electrochemical biosensors, thermal
biosensors, optical sensors, piezoelectric sensors, etc. On the grounds of
product type, the market is divided into wearable Biosensors and non-wearable
Biosensors. The wearable biosensors can be further categorized into wrist wear,
eye wear, foot wear, body wear, wear, etc.
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Geographically,
the market is divided into four regions namely, Europe, North America, Asia
Pacific and LAMEA. One of the strategies accepted by the players of the market
is collaboration. North America is projected to hold the maximum share of the
entire biosensors market. Point of care (POC) diagnostics is the widely
emerging applications for biosensors in North America. The key reason behind
the POC sector growth is the rise in the patient population base. Approval from
Clinical Laboratory Improvement Amendments (CLIA) for certain POC diagnostic
devices such as coagulation, glucose monitoring, and hematology devices is
further driving the growth of the biosensors industry in North America.
The
prominent players profiled here are Abbott Laboratories, Aga Matrix, Life Scan,
Siemens Healthcare, Bayer, Johnson and Johnson, Nova Biomedical Corporation,
Medtronic, Animas Corporation and Hoffmann-La Roche.
Market Segment:
Biosensors Technology Type Outlook
(Revenue, USD Million, 2012 - 2020)
• Thermal
• Electrochemical
• Piezoeletric
• Optical
Biosensors Application Outlook
(Revenue, USD Million, 2012 - 2020)
• Medical
• Cholesterol
• Blood Glucose
• Blood gas analyzer
• Preganancy testing
• Drug discovery
• Infectious disease
• Food Toxicity
• Bioreactor
• Agriculture
• Environment
• Others
Biosensors End User Outlook (Revenue,
USD Million, 2012 - 2020)
• Home healthcare diagnostics
• PoC testing
• Food industry
• Research Laboratories
• Security and Bio-defense
Biosensors Regional Outlook (Revenue,
USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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