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Biosensors Market - Global Industry Size, Growth and Analysis, 2018-2026

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Point-of-care diagnostic devices and high cost of the wearable biosensor devices are the factors restraining market growth.
Biosensors Market GLOBAL INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2018-2026
REPORT DESCRIPTION
Biosensors Market – Overview
Advancement of biotechnology in genetics, bioinformatics, and medicine has fueled growth of biosensors market,
thus allowing early diagnosis and better treatment outcomes of diseases such as cancer and diabetes. Moreover,
point-of-care biosensors aid in sensitive and rapid detection of target analytes, which is important in the diagnosis
of diseases such as diabetes, cardiovascular and infectious diseases, and cancer and it provides a cost-effective
option to the patient.
Increasing prevalence of diabetes and cardiovascular diseases, and increasing demand for cost-effective,
disposable, and user-friendly devices are the factors driving growth of the biosensor market. Biosensors are used
on a routine basis by diabetic patients to check the blood sugar level, as these devices allow easy monitoring and
self-testing, thus aiding in diabetes management. According to the Global Diabetes Community, 2017, around 422
million adults are living with diabetes globally, where the number is expected to escalate to around 642 million by
2040. Also, according to the American Heart Association, 2016, cardiovascular diseases account for 17.3 million
deaths every year globally, where an estimated 23.3 million people are expected to die from CVD by 2030, thus
illustrating the rising need to adopt devices offering timely diagnosis of craniological disorders.
REPORT DESCRIPTION
Biosensors Market Taxonomy:
On the basis of product type
Wearable Devices
Non-wearable Devices
On the basis of technology
Optical
Thermal
Electrochemical
Piezoelectric
On the basis of application
Drug Development
Medical Diagnosis
Research
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REPORT DESCRIPTION
Biosensors Market – Key Players
Abbott Point of Care Inc
F. Hoffman-La Roche Ltd
Medtronic, Inc
Siemens AG
LifeScan, Inc
Acon Laboratories Inc
Universal Biosensors
Nova Biomedical Corp
Bio-Rad Laboratories Inc
Ercon, Inc
Biacore
Sysmex Corporation
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