Biosensors Market Scope
A biosensor is a measuring system which 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. The mounting demand for biosensors in industries for instance healthcare, biodefense, environmental monitoring, and food & beverages worldwide is likely to be a prime driver for the global biosensors market.
According to AMA, the Global Biosensors market is expected to see growth rate of 9.2%
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Biosensors market throughout the predicted period.
Abbott Point of Care Inc. (United States), Medtronic, Inc. (United States), F. Hoffman-La Roche Ltd. (Switzerland), Siemens AG (Germany), LifeScan, Inc. (United States), LifeSensors Inc. (United States), Nova Biomedical Corp. (United States), Acon Laboratories Inc. (United States), Universal Biosensors (Australia) and Pharmaco-Kinesis Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bayer Healthcare AG (Germany), Biacore (United Kingdom), Bio-Rad Laboratories Inc. (United States), Biosensors International Ltd. (Singapore), Ercon, Inc. (United States), DuPont (United States), Sysmex Corporation (Japan), M-Biotech, Neurosky, Inc. (United States), Qtl Biosystems, LLC (United States), Molecular Devices Corp. (United States) and Draeger Safety (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Biosensors market , by Application (Point-Of-Care, Home Diagnostics, Research Labs, Security & Biodefense, Environmental Monitoring, Food & Beverage Industry and Others) and Region with country level break-up.
On the basis of geography, the market of 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).
Market Leaders and their expansionary development strategies
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global biosensors market can witness an upsurge in the forecast period
In February 2016, the Johnson & Johnson (United States) Company has launched Onetouch Verio flex blood glucose monitoring system with ColorSure technology. Hence, it will benefit increase the product portfolio of the company
Market Trend
- Technological Advancements in Biosensors Technology
- Growing Demand for Glucose Monitoring in Diabetic Patients
Market Drivers
- Emergence of Nanotechnology-Based Biosensors
- Significant Technological Advancements in the Past Few Years
- Increasing Use of Biosensors to Monitor Glucose Levels in Individuals with Diabetes
- Increased Demand for Home-Based POC Devices
Opportunities
- Emerging Market in Developing Countries
- High-Growth Opportunities in Environmental Monitoring, Biodefense, and the Food Industry
- Rising Demand from Emerging Economics Such as China and India
Restraints
- The problem regarding the Slow Rate of Commercialization and High Costs Involved in Research and Development
- Reluctance toward the Adoption of New Treatment Practices
Challenges
- Government Regulations regarding Long Certification and Approval Cycles
- Issue related to Pricing Pressure in the POC Market
Key Target Audience
Biosensors Service Providers, Manufacturing Companies, Research Organizations, Ballast Water Treatment-Related Associations, Organizations, Forums, and Alliances, Distributors, Resellers, and Traders, Government Bodies Such As Regulating Authorities and Policy Makers and Venture Capitalists, Private Equity Firms, and Startup Companies