Biosensors Market - Global Industry Size, Growth and Analysis, 2018-2026embed
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 Get Request a Sample Copy @ https://www.coherentmarketinsights.com/insight/request-sample/1647 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 Get More Inf @ https://www.coherentmarketinsights.com/ongoing-insight/biosensors-market-1647 ABOUT COHERENT MARKET INSIGHTS Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. 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