According to a new report by Expert Market Research titled, ‘Global Biosensors Market Report and Forecast 2020-2025’, the global biosensors market size was valued at USD 20 billion in 2019. The market is further expected to grow at a CAGR of 8.2% in the forecast period of 2020-2025.
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The global biosensors market is driven by the several applications of biosensors in the medical area, fast technological advancements, growing diabetic population, and a huge demand for miniature diagnostic devices. North America is a significant regional market for biosensors as it holds a large global market share. This is attributed to the fast-growing segment of the industry, PoC diagnostics, which is increasing due to the addressable patient population.
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Market Breakup by Technology:
Market Breakup by Application:
- Food Toxicity
Market Breakup by Region:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Competitive Landscape & Supplier Analysis:
- AZUR Environmental
- Abbott Laboratories (NYSE: ABT)
- Bayer AG (ETR: BAYN)
- Biosensor International LtdPinnacle Technologies Inc.
- DuPont Biosensor Materials
- EG & IC Sensors Inc.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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