Biosensors Market size set to exceed $29bn by 2024 - PowerPoint PPT Presentation

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Biosensors Market size set to exceed $29bn by 2024

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Biosensors Market Size By Technology, By Application, By End-User, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024 – PowerPoint PPT presentation

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Title: Biosensors Market size set to exceed $29bn by 2024


1
Biosensors Market size set to exceed 29bn by
2024, with 8 CAGR estimation from 2016 to 2024
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Biosensors Market
  • Global biosensors market size was valued at an
    estimated USD 14.8 billion in 2015, and slated to
    reach USD 29.6 billion by 2024, at an estimated
    8 CAGR from 2016 to 2024.
  • The biosensors market share, by application was
    driven by medical segment during the forecast
    period valued at USD 9.8 billion in 2015.
  • Blood glucose monitoring held the largest share
    in medical application segment, with target
    market size exceeding USD 15 billion by 2024,
    owing to the rising prevalence of diabetes
    worldwide. The rapidly advancing biosensor
    technology allows better estimation of the
    metabolic state of a patient. 
  • U.S. biosensors market leads the industry owing
    to large number of clinical trials coupled with
    sophisticated healthcare infrastructure, followed
    by Germany and UK. 

3
Continued...
  • The industry experiences a medium level entry
    threat, due to relatively less complexities of
    piezoelectric and thermal biosensors making it
    easy for new players to gain entry. However, in
    case of electrochemical biosensors, the RD
    activities are more capital intensive. 
  • APAC growth will be driven by China, Japan and
    India, on their way of becoming pharmaceutical
    RD hubs. Usage is expected to surge in these
    countries owing to developments in their economic
    and healthcare system. Brazil and Mexico will
    drive LATAM industry growth.

4
U.S. Biosensors Market Size, By Application, 2012
- 2024 (USD Million)

5

Browse Full Market Research Report On
Biosensors Market _at_ http//goo.gl/MbwnUS
Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/747 https//www.gminsights.com/request-sa
mple/detail/49
6
360 Analysis
  • Application Analysis
  • Medical applications hold 66 of biosensor market
    revenue share. The largest share can be
    attributed to the extensive use of biosensors in
    this field. Medical sensors are considered as an
    essential tool in the detection and monitoring of
    a wide range of medical conditions ranging from
    diabetes to cancer.
  • Regional Analysis
  • U.S. biosensors market size holds 81 of regional
    revenue share in 2015, attributed to increasing
    prevalence of diseases such as diabetes and
    cardiac disorders and early adoption of
    technologically advanced products by the
    clinicians, scientists, and patients.
  • Competitive Market Share
  • Global biosensors market share is significantly
    competitive in nature. The industry is
    significantly price-sensitive, and prone to
    different pricing strategies. Players are
    constantly engaged in research and development of
    novel, highly efficient and compact biosensors
    technologies in order to sustain their leadership
    position.


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