Biosensors Market Expects Asia-Pacific to Exhibit Fastest Growing Demand Till 2021

Delaware, March 08, 2017 (GLOBE NEWSWIRE) -- The report “Biosensors Market: By Product (Wearable, & Non-Wearable Biosensors), By Technology (Electrochemical, Piezoelectric, Optical, Thermal, & Other Biosensors), By Application, By End-User, & By Region-Forecast 2021”, available on MarketIntelReports, estimates that the Asia-Pacific market will register highest growth of demand during the forecast period.

 

Browse numerous Market Tables as well as Figures which are spread through 149 Pages and an in-depth TOC on the “Biosensors Market 2021” http://www.marketintelreports.com/report/hcr0160/biosensors-market-by-product-wearable--nonwearable-biosensors-by-technology-electrochemical-piezoelectric-optical-thermal--other-biosensors-by-application-by-enduser--by-regionforecast-20142021

 

Scope & Regional Forecast of the Biosensors Market

 

Biosensors can be described as analytical devices which are primarily used for detecting analytes. Whenever biological elements like tissues or enzymes interact with the analyte, a specialized signal is emitted. Biosensors and bioelectronics are used to convert the signal in such a way that it can be analyzed or measured in an easy manner. Bio electronics help in displaying the quantified signal in a meaningful method. A sensor can be customized and manufactured so that it can fit a variety of biosensor principles. Thus, the Biosensors Market is well placed to exhibit significant expansion during the forecast period of 2014-2021.

 

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The Biosensors Market considers the primary growth drivers to be a few factors like: technical advances made in field of nanotechnology; rising demand for point-of-care devices like wearable biosensors; requirement for constant glucose monitoring through biosensor technology  in patients suffering from diabetes; and the widening of biosensors applications to include non-medical segments like food and biodefense. Biosensor companies are also expected to pump in more money into cutting-edge R&D efforts whose aim is to bring down costs and develop a system for global standardization.

 

Currently, the Biosensors Market is dominated by demand emanating from North America owing to its superior healthcare infrastructure and relatively better medical insurance coverage in the form of Obamacare. On the other hand, Asia-Pacific is expected to register the fastest demand growth during the forecast period of 2014-2021. The rapid pace of this growth is expected due to developments like rapidly aging population in countries like Japan, and consistent government investments and initiatives to overhaul the healthcare infrastructure in the region. Biosensor companies have also witnessed that the demand for point of care testing currently holds the largest market share.

 

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Segmentations & Key Players Involved in the Biosensors Market

The Biosensors Market can be broken down into various segmentations on the basis of -

 

• Product: Wearable Biosensors and Non-Wearable Biosensors.
• Technology: Electrochemical Biosensors, Piezoelectric Biosensors, Optical Biosensors, Thermal Biosensors and Others.
• Application: Medical, Food Toxicity Detection, Industrial Process Control, Agriculture, Environment and Others.
• End-User: Point-of-Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry and Others.
• Geographical Location: Europe, Asia-Pacific, North America and Rest of the World.

 

Some of the key players involved in the Biosensors Market are as follows:

• Lifescan, INC.
• Medtronic INC.
• Nova Biomedical Corporation
• Universal Biosensors

• Pharmaco-Kinesis Corporation
• Siemens AG
• Universal Biosensors
• Acon Laboratories, INC.

 

 Why buy this report?

• Get a detailed picture of the Biosensors Market.
• Pinpoint growth sectors and identify factors driving change.
• Understand the competitive environment, the market’s major players and leading brands.
• A five-year forecast method is used in order to assess how the market is predicted to develop.

 

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