Market Analysis - Biosensors & Bioelectronics 2017
Biosensors Market analysis
Biosensors Market Growing Exponentially, Will Reach $21.17 Billion By 2020: Latest Report By Grand View Research, Inc.
Global biosensors market is expected to reach USD 21.17 billion by 2020, according to a new study published by Grand View Research, Inc. Biosensors, owing to their capability to resolve various analytical issues in diverse areas such as medicine, pharmacology, food & agriculture safety and defense, are expected to witness a rapid growth in demand over the next six years. Increasing demand for specific detection techniques for early diagnosis in the healthcare sector is expected to drive the overall biosensors market during the forecast period. Furthermore, the expanding role of biosensors in the real world environment has led to a hike in R&D efforts globally.
Further key findings from the study suggest:
Optical biosensors are identified as the most lucrative technology segment of this market and are expected to grow at a CAGR of over 7.0% during the forecast period. Growing use of these sensors in the field of environmental scanning is one of the key drivers of this market. The recent progress in optical biosensors has made them apt for environmental scanning wherein they are used for quantifying and characterizing environmental pollutants. Biosensors are mostly used in devices enabled with point of care testing. The biosensors based point of care testing segment accounted for over 40% of the end-use market in 2013. Moreover, rising demand for portable and integrated technologies that can be operated by untrained personnel outside conventional laboratories is expected to improve usage rates. North America accounted for more than 35% of the market in 2013. Biosensors witness the highest market penetration rates in this region owing to the presence of high procedure volumes supported by favorable government initiatives. Moreover, rapidly growing demand for point of care and home healthcare markets in the U.S. is expected to drive regional market growth during the forecast period. Asia Pacific has high future growth potential owing to the presence of large untapped opportunities in the emerging markets of India and China. Presence of favorable government initiatives aimed at improving environmental conditions and enhancing healthcare infrastructure in Japan and Australia are also expected to serve as a high impact rendering driver for this market.
Key players of this market include Abbott Point of Care Inc., Roche, Lifescan Inc., Bayer AG, Medtronic Inc., Universal Biosensors, Siemens Healthcare and Nova Biomedical Corporation.
For the purpose of this study, Grand View Research has segmented the global biosensors market on the basis of application, technology and end-use:
Global Biosensors Application Outlook (Market Revenue in USD Million, 2012 – 2020)
Medical Applications, Cholesterol Testing, Blood Glucose Monitoring, Blood Gas Analyzer, Pregnancy Testing, Drug Discovery, Infectious Diseases, Food Toxicity Detection, Industrial Process Control (Bioreactor), Agriculture, Environment and Others
Global Biosensors Technology Outlook (Market Revenue in USD Million, 2012 – 2020)
Thermal Biosensors, Electrochemical Biosensors, Piezoelectric Biosensors, Optical Biosensors
Global Biosensors End-use Outlook (Market Revenue in USD Million, 2012 – 2020)
Home Healthcare Diagnostics, Point of Care Testing, Food Industry, Research Laboratories,Security and Bio-Defense
Biosensors Regional Outlook (Market Revenue in USD Million, 2012 – 2020)
North America, USA, Canada, Europe, UK, Spain, Germany, Asia Pacific, India, China, Japan, RoW
It is a great pleasure and an honor to extend you a warm invitation to attend 8th International Conference and Exhibition on Biosensors & Bioelectronics to be held in September 27-28, 2017 at lllinois, Chicago, USA.
Biosensors & Bioelectronics conference is conducted annually. Building on the achievement of the earlier conferences being held in Chicago (2013) followed by in San Antonio (2014), Atlanta (2015) and recently in Arizona(2016) Conference series LLC delightfully welcomes once again all the researchers and developers to share their experiences and ideas through research talks and presentations from diverse fields in advanced sensor technology. This event offered a platform in bringing together a forum for students, postdocs and established scientists to exchange their ideas and contributing an integrative approach to Biosensors & Bioelectronics Research. It provides a forum for accessing to the most up-to-date and reliable knowledge from both commercial and academic worlds, sharing best practice in the field as well as learning about case studies of successfully integrated bio-sensing technologies. The meeting also provides an opportunity to highlight the recent developments besides identifying emerging future areas of growth.
Biosensors & Bioelectronics-2017conference explores new advances and recent updated technologies. It is your high eminence that you enhance your research work in this field. Biosensors conference deals with recent advances in the field of biosensors like security and sensing, photonic sensor technologies, Biosensors for imaging and many more. Biosensors congress provides a unique platform for people who conduct their research work in this field. The conference captivates individuals both from commercial and academic worlds yet establishes a firm link and binds us together with the recent updated accomplishments. We provide a good opportunity by admiring your updated research knowledge and also by publishing it in our respective OMICS Group Journals. The congress ultimately provides a good gathering of bright personalities to update us the recent knowledge on Biosensors.
Importance and Scope: