Biosensors Market Size, Share & Trends Analysis Report by Application (Medical, Agriculture, Environment) By Technology (Thermal, Electrochemical, Optical), By End-use, By Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global biosensors market size was valued at USD 22.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% from 2021 to 2028.
The term “biosensor” is short for “biological sensor.” The device is made up of a transducer and a biological element that may be an enzyme, an antibody or a nucleic acid. The bio element interacts with the analyte being tested and the biological response is converted into an electrical signal by the transducer.
The emergence of nanotechnology-based biosensors, significant technological advancements in the last few years, increasing use of biosensors to monitor glucose levels in individuals with diabetes, surging demand for home-based point of care devices due to the COVID-19 pandemic, and rising government initiatives toward diagnostics are some of the factors that have supported long-term expansion for Biosensors Market.
North America dominated the biosensors market and accounted for the largest revenue share of 39.9% in 2020 owing to the growing prevalence rate of targeted diseases and the presence of key players in the region.
Insights are provided for each region and major countries within the regions
Report Feature |
Descriptions |
---|---|
Growth Rate |
CAGR of 7.9% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
Report Segmentation |
technology, application, end use and region. |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
AZUR Environmental, Abbott Laboratories, Biosensor BV, Bayer AG, Cranfield Biotechnology Centre, Pinnacle Technologies Inc., DuPont Biosensor Materials, Ercon, Inc., EG & IC Sensors, Inc., Johnson & Johnson and Innovative Biosensors Inc |
Available Customization |
In addition to the market data for Biosensors Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Biosensors Market is segmented into technology, application, end use and region.