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Bioelectronics and Biosensors Market Analysis and Forecasts to 2024

The global bioelectronics and biosensors market was estimated at USD 11.4 billion in 2013. The market is anticipated to grow at a healthy CAGR over 10%, exceeding USD 28 billion in the forecast period
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Bioelectronics and Biosensors Market Share, Size, Analysis,
Growth, Trends and Forecasts to 2024 | Hexa Research
" The global bioelectronics and biosensors market
was estimated at USD 11.4 billion in 2013. The
market is anticipated to grow at a healthy CAGR
over 10%, exceeding USD 28 billion by 2024."
The global bioelectronics and biosensors market is projected to surpass USD 28 billion by 2024 from USD
11.4 billion in 2013. It can register a decent CAGR over 10% from 2016 to 2024 (forecast period). High
incidence of target diseases may drive the industry over the next eight years. Demand for diagnostic &
monitoring tools, such as cardiac pacemakers, blood sugar level, and other implantable clinical devices, could
boost the worldwide market in the near future.
Growing prevalence of diabetes along with the rising need to evaluate and monitor blood glucose levels could
positively influence market demand. Technological advancements coupled with focus on innovation is
anticipated to fuel global demand. For instance, in 2014 ‘HealthPatch MD’ developed by Vital Connect Inc.
received FDA approval. HealthPatch MD is a biosensor that captures biometric measurements when applied
to the skin.
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Furthermore, the emergence of nanobiosensors will benefit the global market in the long run. For example,
Fluid-Screen, a quarter-sized device, employing very small nanosensors is gaining importance in the world of
biosensors. This device identifies pathogens in water & bacterial contamination in blood. Moreover, demand
for home-based POC devices is anticipated to increase in the years to come. These devices are used to
determine heart rate, glucose levels, and blood pressure. Patients can use these devices sitting at home and
can monitor their health. Hence, the ‘convenience’ factor associated with home-based POC devices may
contribute to the worldwide market significantly.
However, the sluggish pace of commercialization because of readout times, sensitivity, costs, miniaturization,
and lifespan of a molecule could hamper demand. Also, high costs in research & development and the low
adoption levels of novel treatments are the other market restraints.
The global market is categorized as applications, technologies, and end-uses. Applications comprise medical
applications, food toxicity detection, environment, industrial process control, and agriculture. The surging
popularity of biosensors for blood sugar monitoring may fuel global demand in the near future.
On the basis of technologies, the market is divided into thermal biosensors, electrochemical biosensors,
optical biosensors, and piezoelectric biosensors. The global demand for optical biosensors can surge
substantially over the next eight years. These devices should modernize eco-monitoring by increasing the
ability to differentiate & gauge eco-pollutants. This may propel the worldwide bioelectronics and biosensors
market in the forecast period.
Based on end-use, the industry is fragmented into the food industry, home healthcare diagnostics, P oint-ofCare (POC) testing, and research laboratories. The POC diagnostics segment was estimated at more than USD
14 billion in 2015. The introduction of bioelectronics has revolutionized the rapidly developing POC testing
industry. POC biosensor systems provide real-time health monitoring, ensuring better patient health.
Geographically, the North America bioelectronics and biosensors market may witness considerable growth
from 2016 to 2024. This would be on account of extensive applications in the healthc are segment. AsiaPacific could also expand robustly over the forecast period. Major companies in the worldwide bioelectronics
and biosensors market are F. Hoffmann-La Roche A.G.; LifeSensors Inc.; Abbott Point of Care Inc.; Nova
Biomedical Corp.; and AgaMatrix Inc.
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Table of Content of Bioelectronics and Biosensors Market
Table of Contents
1. Methodology & Scope
1.1 Research Methodology
1.1 Initial Data Exploration
1.2 Statistical Modeling and Forecast
1.3 Industry Insights and Validation
1.2 Research Scope & Assumptions
1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Bioelectronics and Biosensors Market
3. Industry Outlook
3.1 Bioelectronics and Biosensors Market Segmentation
3.2 Bioelectronics and Biosensors Market Size and Growth Prospects
3.3 Bioelectronics and Biosensors Market Dynamics
3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Bioelectronics and Biosensors Market share by application, 2016 & 2024
5. Regional Outlook
5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa)
5.6 RoW (Rest of the World)
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6. Competitive Landscape
6.1 F. Hoffmann-La Roche A.G.
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 LifeSensors Inc.
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Abbott Point of Care Inc.
6.3.1 Company Overview
6.3.2 Revenue Analysis
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Nova Biomedical Corp.
6.4.1 Company Overview
6.4.2 Revenue Analysis
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 AgaMatrix Inc.
6.5.1 Company Overview
6.5.2 Revenue Analysis
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
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