Feb 17 2015
Research and Markets has announced the addition of the "Biosensors Market by Application, Product, Technology & Geography - Analysis & Forecast to 2020" report to their offering.
The global biosensors market is estimated to grow at a CAGR of 10.00% to reach $22.68 Billion by 2020
Biosensors play a very important role to sense the biological environment and provide qualitative and quantitative data for the real-time analysis. The biosensors technology is going through various technological advancements. So far, the focus of the research and investment in this market has been toward the development of devices for clinical markets, such as point-of-care. However, driven by the need for better methods for the environmental monitoring and rapid pathogen detection, the biosensors industry has also been expanding to include the non-clinical applications, such as biodefense, environmental surveillance, and the food industry.
The key applications included in the report are point-of-care, home diagnostics, research labs, biodefense, environment monitoring, and the food industry. Among all, the point-of-care is expected to be the largest contributor to the overall market, which held -57% share.
The market is also segmented by technology, which includes electrochemical, piezoelectric, optical, thermal, and others. The report covers the markets for geographic regions, comprising North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, North America was the largest geography in terms of market revenue for the biosensors market. APAC is projected to grow at the highest CAGR of 13.47% from 2014 to 2020.
The key players in this industry include F. Hoffmann-La Roche Ltd. (Switzerland), LifeScan Inc. (U.S.), Bayer Healthcare AG (Germany), Abbott Point-of-Care Inc. (U.S.), Medtronic (U.S.), Siemens Healthcare (Germany), and others.
Scope of the Report
- Application (Point of Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry)
- Product (Wearable, Non-Wearable)
- Technology (Electrochemical, Piezoelectric, Optical)
For more information visit http://www.researchandmarkets.com/research/f343qd/biosensors_market