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Biosensors Market

Biosensors Market Size, Share & Segment By Product (Wearable Biosensors, Non- Wearable Biosensors), By Type (Sensor Patch, Embedded Device), By Technology (Piezoelectric Biosensors, Thermal Biosensors, Electrochemical Biosensors, Optical Biosensors , Nanomechanical Biosensors), By Application (Medical Testing, Industrial Process, Agricultural Testing, Home ,Diagnostics, Research Labs, Environmental Monitoring, Food & Beverages, Biodefense), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/SEMI/1312 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Biosensors Market was valued at USD 26.7 billion in 2021 and is expected to expand at a CAGR of 7.9% from 2022 to 2028 and it will reach USD 45.6 billion in 2028.

Biosensors are devices that convert electrical signals into analytical information for biological samples such as tissues, enzymes, and whole cells. It is expensive, simple, inexpensive, and convenient. Electrochemical detection is accomplished through potentiometric sensors, amperometry sensors, and behavioural metric sensors. It's commonly used in small machines for biological and non-biological matriculation. Factors such as population growth, technological advancement, an increase in the number of people with diabetes, and an increase in chronic and lifestyle-related diseases are driving the growth of the biosensor market.

Biosensors Market Revenue Graph

MARKET DYNAMICS: 

DRIVERS:

  • Biosensors are popular among adults.

  • Biosensors aided people who require long-term care.

  • Point-Of-Care (POCT) testing, which will increase the overall demand for biosensors.

  • Nanomaterials and Fluorescence tags has improved biosensor sensitivity.

RESTRAINTS: 

  • High costs involved in biosensor research and development.

  • Healthcare is one of the most common applications for biosensors.

  • Introducing highly advanced biosensors takes a long time. 

  • Accreditation and trading with biosensors can take up to five years for a company.

OPPORTUNITIES: 

  • India, Brazil, China and other emerging economies are heavily investing in healthcare.

  • Rising health-care costs are expected to boost the growth of the biosensors industry.

  • Demand for low-cost biosensors is expected to rise in East asia And Africa.

CHALLENGES: 

  • Manufacturers encounter a series of regulatory challenges.

  • Manufacturers must submit performance data to the FDA in order for any new POC device to be approved in the United States.

IMPACT OF COVID-19: 

Demand for products has been met in various industries as a result of partial and complete closures in various parts of the world. However, because biosensors save time and are simple to use in data collection, their popularity has skyrocketed during the epidemic. Being a valuable asset has significantly aided the biosensors market in avoiding the effects of COVID-19.

To begin with, many companies have suspended production or worked with only a few employees due to a complete shutdown. Furthermore, demand for the product fell in the first phase, resulting in a reduction in the number of employees or a reduction in wages. However, in response to the increased demand for speed sensors, many players, including Siemens Healthcare (Germany), Johnson & Johnson (US), Nova Biomedical Corporation (US), Medtronic (Ireland), and F. Hoffmann La Roche (Switzerland), have begun to ramp up production capacity. As a result, the market for Biosensors is expected to expand at a rapid pace during the forecast period.

BY PRODUCT

Because of the increased use of these sensors in illegal real-time applications - monitoring the location of various production processes - a fraction of non-wear biosensors became the major market share of biosensors in 2019 and are expected to show a significant growth rate in the near future. Environmental monitoring, soil quality monitoring, water quality monitoring, self-defense toxicity, and a variety of other applications are also possible with these biosensors sensors.

BY TECHNOLOGY

During forecasting, the biosensor market for electrochemical technology has the largest share. Electrochemical biosensors are widely used in non-medical systems such as environmental monitoring and food and beverage quality control. The glucose sensor is the most common type of electrochemical biosensor and is currently used in all care and home diagnostic applications. Indirect monitoring using electrochemical biosensor sensors can be used to detect live pesticides or inanimate objects that disrupt the nerve's biocatalytic features. This includes monitoring heavy metals, fluoride, cyanide, and other important contaminants in industrial and surrounding areas.

COMPETITIVE LANDSCAPE:

The major key players in Global Biosensors Market are Abbott Laboratories, Bayer AG, AZUR Environmental, Biosensor BV, DuPont Biosensor Materials, Cranfield Biotechnology Centre, Pinnacle Technologies Inc., Johnson & Johnson, Ercon, Inc., EG & IC Sensors, Inc., Strategic Diagnostics, Innovative Biosensors Inc., Sysmex Corporation, LifeScan, Inc., QTL Biosystems, Molecular Devices Corp., Roche Diagnostics, and Other.

Market Segmentation:

BY PRODUCT

  • Wearable Biosensors

  • Non- Wearable Biosensors

BY TYPE

  • Sensor Patch

  • Embedded Device

BY TECHNOLOGY

  • Piezoelectric Biosensors

  • Thermal Biosensors

  • Electrochemical Biosensors

  • Optical Biosensors

  • Nanomechanical Biosensors

BY APPLICATION

  • Medical Testing

  • Industrial Process

  • Agricultural Testing

  • Home Diagnostics

  • Research Labs

  • Environmental Monitoring

  • Food & Beverages

  • Biodefense

Biosensors Market Segment Pie Chart

REGIONAL ANALYSIS:

North America had the largest share of the biosensors market, followed by Europe. Increased government funding for research into the development of advanced biosensors for a variety of applications is one of the factors driving the market growth of biosensors in North America. Furthermore, the region's increased use of biosensors to monitor food quality parameters is expected to contribute to market growth. Moreover, the growing demand for POC technology in North America focuses on quick, simple, accurate, portable, and cost-effective analysis tools that promote the region's biosensor market growth. Asia-Pacific, on the other hand, is expected to grow at a much faster rate during the forecast period. This is due to the region's increased R&D in biotech. Rise in per capita income in many countries, increased government programmes to improve the healthcare sector, and increased focus on leading manufacturers to increase their local presence in emerging markets are major factors driving the growth of the Asia-Pacific biosensors market. Asia-Pacific countries will benefit from rapid market growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Biosensors Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 26.7 Billion
Market Size by 2028 US$ 45.6 Billion
CAGR CAGR of 7.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Wearable Biosensors, Non- Wearable Biosensors)
• By Type (Sensor Patch, Embedded Device)
• By Technology (Piezoelectric Biosensors, Thermal Biosensors, Electrochemical Biosensors, Optical Biosensors , Nanomechanical Biosensors)
• By Application (Medical Testing, Industrial Process, Agricultural Testing, Home ,Diagnostics, Research Labs, Environmental Monitoring, Food & Beverages, Biodefense)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Abbott Laboratories, Bayer AG, AZUR Environmental, Biosensor BV, DuPont Biosensor Materials, Cranfield Biotechnology Centre, Pinnacle Technologies Inc.
Key Drivers • Biosensors are popular among adults.
• Biosensors aided people who require long-term care.
RESTRAINTS • High costs involved in biosensor research and development.
• Healthcare is one of the most common applications for biosensors.


Frequently Asked Questions (FAQ) :

Biosensors Market size was valued at 26.7 billion in 2021 at a CAGR of 7.6%.

India, Brazil, China, and other emerging economies are heavily investing in healthcare and Rising healthcare costs are expected to boost the growth of the biosensors industry are the opportunities in the Biosensors market.

In the  Biosensors Market, North America commands the largest market share.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Russia Ukraine War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Global Biosensors Market Segmentation, by Product

8.1 Introduction

8.2 Wearable Biosensors

8.3 Non- Wearable Biosensors

8.4 other

 

9. Global Biosensors Market Segmentation, by Type

9.1 Introduction

9.2 Sensor Patch

9.3 Embedded Device

9.4 other

 

10. Global Biosensors Market Segmentation, By Technology

10.1 Introduction

10.2 Piezoelectric Biosensors

10.3 Thermal Biosensors

10.4 Electrochemical Biosensors

10.5 Optical Biosensors

10.6 Nanomechanical Biosensors

10.7 Other

 

11. Global Biosensors Market Segmentation, By Application

11.1 Introduction

11.2 Medical Testing

11.3 Industrial Process

11.4 Agricultural Testing

11.5 Home Diagnostics

11.6 Research Labs

11.7 Environmental Monitoring

11.8 Food & Beverages

11.9 Biodefense

11.10 other

 

12.Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2    Canada

12.2.3    Mexico

12.3        Europe

12.3.1    Germany

12.3.2    UK

12.3.3    France

12.3.4    Italy

12.3.5    Spain

12.3.6    The Netherlands

12.3.7    Rest of Europe

12.4        Asia-Pacific

12.4.1    Japan

12.4.2    South Korea

12.4.3    China

12.4.4    India

12.4.5    Australia

12.4.6    Rest of Asia-Pacific

12.5        The Middle East & Africa

12.5.1    Israel

12.5.2    UAE

12.5.3    South Africa

12.5.4    Rest

12.6        Latin America

12.6.1    Brazil

12.6.2    Argentina

12.6.3    Rest of Latin America

 

13. Company Profiles

13.1 Abbott Laboratories

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Bayer AG

13.3 AZUR Environmental

13.4 Biosensor BV

13.5 DuPont Biosensor Materials

13.6 Cranfield Biotechnology Centre

13.7 Pinnacle Technologies Inc

13.8 Johnson & Johnson, Ercon, Inc

13.9 EG & IC Sensors, Inc.,

13.10 Strategic Diagnostics

13.11 Innovative Biosensors Inc.,

13.12 Sysmex Corporation

13.13 LifeScan, Inc.,

13.13 QTL Biosystems,

13.15 Molecular Devices Corp

13.16 Roche Diagnostics

 

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusion

 

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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