Biosensors Market share worth $29.6bn by 2024 - PowerPoint PPT Presentation

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Biosensors Market share worth $29.6bn by 2024

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Get more details @ 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. – PowerPoint PPT presentation

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Title: Biosensors Market share worth $29.6bn by 2024


1
Biosensors Market Analysis by Technology by
End-User, 2016 - 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights of Biosensors Market
  • The Biosensors Market size is predominantly
    influenced by rising demand for disposable,
    cost-efficient, and user-friendly devices.
  • Owing to an interdisciplinary combination of
    approaches from medical science, chemistry, and
    nanotechnology, biosensors have paved their way
    rapidly in the medical field. Moreover, the use
    of these devices in the point of care testing,
    laboratories, and for self-testing should spur
    the industry growth.
  • New discoveries in the field of medical science,
    government support, rising demand for point of
    care testing, and the global occurrence of
    chronic conditions like diabetes along with rapid
    accurate detection of such conditions is
    anticipated to boost the demand for biosensors
    market over the coming years.
  • The industry growth is expected to further
    receive a boost owing to the user-friendly as
    well as cost-effective nature of these biosensor
    devices. As per the reports of the international
    diabetes federation, the number of patients
    suffering from diabetes globally was 366 million
    in 2011 and the figure is predicted to touch 552
    million by 2030.

3
Continued
  • Biosensors find major application in medical
    segment accounting for nearly 66 of the total
    revenue of the biosensors market. The largest
    revenue share can be credited to wide use of
    biosensors in medical sector.
  • Various technologies used in biosensors industry
    include optical biosensor, electrochemical
    biosensor, piezoelectric biosensor, and thermal
    biosensor technologies. The optical biosensor
    technology segment is predicted to grow rapidly
    at a rate of 8.7 over the period of 2016-2024.
  • Biosensors finds its end-use applications in
    Biodefense, Home healthcare, Food industry, Point
    of Care testing, Security, and Research Labs. The
    end-use application of biosensors in point of
    care testing segment was worth USD 7 billion in
    2015.
  • Key industry participants include Abbott
    Laboratories, Johnson Johnson, LifeScan Inc.,
    Bayer Healthcare, EG G IC Sensors, Ercon Inc.,
    Biosensor International Ltd, Strategic
    Diagnostics Inc., and Sysmex Corporation. The
    market players will try to retain their market
    position by producing compact and effective
    biosensors over the coming timeframe.

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

5

Browse Full Market Research Report Biosensors
Market _at_ http//bit.ly/2l7dNrd Request for
a Sample of this Research report _at_
https//www.fractovia.org/request-sample/209
6
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