The global biosensors market size is anticipated to reach USD 33.76 billion by 2026 registering a CAGR of 8.1%

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

The global biosensors market size is anticipated to reach USD 33.76 billion by 2026 registering a CAGR of 8.1%

PR Newswire

NEW YORK, Aug. 19, 2019 /PRNewswire/ -- Biosensors Market Size, Share & Trends Analysis Report By Application (Agriculture, Medical) By Technology (Thermal, Electrochemical, Optical), By End Use (PoC testing, Food Industry), And Segment Forecasts, 2019 - 2026

Download the full report: https://www.reportbuyer.com/product/5807287/?utm_source=PRN The global biosensors market size is anticipated to reach USD 33.76 billion by 2026 registering a CAGR of 8.1%. Various applications in the medical field, high demand for miniature diagnostic devices, and rapid technological advancements are the key driving factors for biosensors market growth. Early and precise disease diagnosis is essential for successful prognosis of diseases and survival of patients. In recent years, the demand for simple, disposable, user-friendly, and cost-efficient devices with fast response time has increased extensively leading to increase in the sales of these products, thereby driving the market.

Continuous technological developments are also expected to boost the market.For instance, in October 2015, Abbott Laboratories launched FreeStyle Libre Glucose Monitoring System in Europe.

It is intended to be a replacement for blood glucose meters.Moreover, rising applications of thermal biosensors in biomolecular interaction and hybridization analysis, environmental monitoring, and cosmetic analysis are expected to boost the biosensors market growth.

In addition, the development of nano particle-based electrochemical biosensors is expected to create growth opportunities for the key comapnies, thereby driving the market.

Further key findings from the study suggest:

  • Medical application segment led the market in 2018. Medical wearable biosensors are considered an essential tool in the detection and monitoring of a wide range of medical conditions, such as diabetes and cancer
  • Electrochemical biosensors accounted for the largest market share in 2018 and are anticipated to witness a significant growth over the forecast period
  • This growth can be attributed to its widespread applications for quantification and analysis in biochemical and biological processes
  • On the basis of end use, biosensors in food industry are expected to witness a rapid growth owing to rising pressure from regulatory bodies pertaining to the hygiene standards of the food items where this device plays a vital role for detecting pathogens, allergens, and pesticides
  • Asia Pacific market is expected to witness the fastest growth over the forecast period owing to increasing awareness regarding wearable biosensors and constantly improving healthcare facilities in the region
  • Key companies in the market includes AZUR Environmental; Abbott Laboratories; Biosensor BV; Bayer AG; Cranfield Biotechnology Centre; DuPont Biosensor Materials; Ercon, Inc.; and Johnson & Johnson

Download the full report: https://www.reportbuyer.com/product/5807287/?utm_source=PRN

About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:

Sarah Smith

Research Advisor at Reportbuyer.com

Email: [email protected]  

Tel: +1 (718) 213 4904

Website: www.reportbuyer.com

Cision View original content:http://www.prnewswire.com/news-releases/the-global-biosensors-market-size-is-anticipated-to-reach-usd-33-76-billion-by-2026-registering-a-cagr-of-8-1-300903408.html

SOURCE ReportBuyer

Copyright CNW Group 2019

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).