Biosensors Market

Technological advancements in biosensors making them portable and easy to handle are expected to create lucrative opportunities in the near future.

PORTLAND, OREGON, US, August 24, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research titled "Biosensor Market by Product and Technology: Opportunity Analysis and Industry Forecast, 2018-2026", the global biosensor market size is expected to reach $38.6 billion by 2026, registering a CAGR of 10.4%. From 2019 to 2026 in terms of value.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/1476

Major factors driving the biosensor market include rise in chronic diseases such as diabetes, rise in biotechnology R&D, and growing demand for home care medical devices. Further, significant increase in the use of biosensors in glucose monitoring devices is driving the market growth. High costs associated with these devices and inclination to adopt new treatment devices are the major factors hindering the growth of the market. Furthermore, technological advancements in biosensors making them portable and easy to handle are expected to create lucrative opportunities in the near future.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝
By product, the non-wearable biosensor segment accounted for the majority of the market share in 2018 and is expected to exhibit a high growth rate in the future as the use of these sensors increases in non-clinical applications for real-time on-site an monitoring of various manufacturing processes.
By technology, the electrochemical biosensor segment is expected to maintain its dominance in the coming years due to its precise sensitivity and rapid response. Furthermore, electrochemical biosensors can be easily integrated into lab-on-chips (LOCs) to achieve better point-of-care (POC) analytical platforms.

Key factors driving the growth of the biosensor market in Asia-Pacific include rising per capita income in several countries, increasing government initiatives to improve the healthcare sector, and the focus of leading manufacturers on expanding their geographic presence among emerging manufacturers. Asia-Pacific countries to tap into high growth opportunities in the market.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲@ https://www.alliedmarketresearch.com/purchase-enquiry/1476

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬
• By technology, the electrochemical biosensors segment accounted for the highest market share of 28% in 2018 and is anticipated to grow at the fastest rate during the forecast period.
• By product, the non-wearable segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.
• By region, North America was the major shareholder and accounted for the highest share of 42% in 2018.
• Asia-Pacific is expected to grow at a CAGR of 6.1% during the forecast period.

𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐪𝐮𝐞𝐬𝐭@ https://www.alliedmarketresearch.com/request-for-customization/1476

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Some of the key players of the market include Abbott Laboratories, AgaMatrix Holdings LLC, DowDupont Inc. (DuPont de Nemours, Inc.), F. Hoffmann-La Roche Ltd., General Electric (Biacore, Inc.), LifeScan, Inc., Medtronic Plc., Nova Biomedical, PHC Holdings Co., Ltd. (Ascensia Diabetes Care Holdings AG) and Siemens Healthcare.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Veterinary Imaging Market
Workplace Wellness Market

𝐖𝐞 𝐚𝐥𝐬𝐨 𝐎𝐟𝐟𝐞𝐫𝐬 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐮𝐧𝐭𝐫𝐲 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
• North America Biosensor Market
• Japan Biosensor Market
• South Korea Biosensor Market
• Singapore Biosensor Market
• Australia Biosensor Market
• Europe Biosensor Market
• China Biosensor Market
• Taiwan Biosensor Market
• New Zealand Biosensor Market

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• Heparin Market Analysis in South Korea Region: Role of Heparin Drugs in Medicine: https://southkoreahealthcarepress.blogspot.com/2022/04/heparin-market-analysis-in-south-korea.html

• South Korea Biosensor Market Top Industry Players, Key Developments, In-depth analysis in the Biosensors industry: https://southkoreahealthcarepress.blogspot.com/2022/07/south-korea-biosensor-market-top.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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David Correa
Allied Analytics LLP
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