Title: Biosensors Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024
1Global Biosensors Market share to grow at 8 CAGR
from 2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Biosensors Market
- The commercialization scale of Biosensors Market
has been commendable since the development of the
first oxygen biosensor by Lel and Clark back in
1962. - With the advent of tissue engineering,
nanotechnology, and regenerative medicine, the
application portfolio of the biosensors industry
has expanded by multiple folds in the medical
sector. - The growth is driven by the wide spectrum of
biosensor applications in this sector comprising
cholesterol monitoring, blood gas analyzer, blood
glucose monitoring, drug discovery, and pregnancy
testing. - As per International Diabetes Federation
statistics, the diabetic population is estimated
to reach 552 million in 2030 which is a rather
drastic increase from 366 million in 2011. - As per the estimates, blood glucose monitoring
segment of the medical biosensors industry is
projected to surpass USD 15 billion by 2024. - Home healthcare segment is estimated to rank
second in the end-use landscape of biosensors
industry with an estimated CAGR of 8.5 over
2016-2024.
3Continued...
- Being at the forefront pertaining to
technological advancements, U.S. biosensors
industry is projected to lead the global
landscape over 2016-2024. - Besides technological developments, increasing
prevalence of chronic ailments coupled with the
heavy RD investments and favorable regulatory
scenario are the other pivotal factors driving
the regional biosensors industry share. - Estimates claim the APAC biosensors market to
register a CAGR of 11 over the period of
2016-2024. - Optical biosensors are also projected to make
substantial contributions with a target CAGR of
8.7 over the period of 2016-2024. - As per the estimates, agriculture applications
are estimated to record the highest growth rate
of 11 over 2016-2024. - Global Market Insights, Inc. forecasts the
biosensors market to surpass a revenue of USD 29
billion by 2024.
4U.S. Biosensors Market Size, By Application, 2012
- 2024 (USD Million)
5Table of Content
Chapter 1. Methodology and Scope 1.1.
Research Methodology
1.1.1. Initial data
exploration 1.1.2. Statistical modeling and
forecast 1.1.3. Industry insights and
validation 1.1.4. Research scope
assumptions 1.2. Data
Sources Chapter 2. Executive Summary 2.1.
Biosensors industry 3600 synopsis, 2012 -
2024 2.1.1. Business trends 2.1.2.
Regional trends 2.1.3. Product trends
6Table of Content
Chapter 3. Biosensors Industry Insights 3.1.
Industry segmentation 3.2. Industry Size
and forecast, 2012 - 2024 3.3. Industry
Impact forces 3.3.1. Growth
drivers 3.3.1.1. Expanded applications in the
field of Medical 3.3.1.2. Rising prevalence of
diabetes globally 3.3.1.3. High demand for
miniature diagnostic devices 3.3.1.4. Rapid
technological advancements 3.3.2. Industry
pitfalls challenges 3.3.2.1. Unfavorable
reimbursement scenario 3.3.2.2. High costs of
product development 3.3.2.3. Availability of
product substitutes 3.4. Growth potential
analysis 3.5. Porters analysis 3.6.
PESTEL analysis
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