What is Bioelectronics and Biosensors Market?
Biosensors & Bioelectronics help in designing, and developing the application of biosensors and bioelectronics. A biosensor is a measuring system that converts a biological response into an electrical signal. It is extensively used in clinical applications for diagnosis of diabetes mellitus. It mostly includes a probe along with a sensitive biological detecting material.Bioelectronics provides a contribution towards the new technologies and evaluates expand the biological sector which in turn enables in raising the efficiency of the medical community. It adopts a various number of ideas, methods, and technology which includes bioelectromagnetics, neural networks, robotics, and sensor technologies. The increasing need for diagnostic as well as monitoring medical devices such as blood cardiac pacemakers etc are driving the market for biosensors & bioelectronics
The market study is being classified by Type (Electrochemical Biosensors, Thermal Biosensors, Piezoelectric Biosensors and Optical Biosensors), by Application (Care Testing, Home Healthcare Diagnostics, Food Industry and Research Laboratories) and major geographies with country level break-up.
Bayer Healthcare AG (Germany), Abbott Point of Care Inc. (United States), F. Hoffman-La Roche Ltd. (Switzerland), Medtronic, Inc. (United States), Nova Biomedical Corp. (United States), LifeSensors Inc. (United States), Biacore (United Kingdom), Bio-Rad Laboratories Inc. (United States), Biosensors International Ltd. (Singapore) and Ercon, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Acon Laboratories Inc. (United States), Universal Biosensors (Australia) and Pharmaco-Kinesis Corporation (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Bioelectronics and Biosensors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Bioelectronics and Biosensors market by Type, Application and Region.
On the basis of geography, the market of Bioelectronics and Biosensors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Incidence and Prevalence Rate of Diabetes
- Increasing Use of Biosensors to Monitor Glucose Levels in Individuals with Diabetes
Market Trend
- Technological Advancements in Biosensors Technology
- Growing Demand for Glucose Monitoring in Diabetic Patients
Restraints
- High Costs Involved in Research and Development
- Availability of Different Technologies present in the market
Opportunities
- High-Growth Opportunities in Environmental Monitoring, Biodefense, and the Food Industry
- Rising Health Care Sector in Emerging Economies Such as China and India
Challenges
- High Signal Flutuction in Biosensors
- Lack of Awareness Regarding Biosensors and Bioelectronics
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations