Navigating the Biosensors Market Landscape: Unveiling Innovations and Opportunities

 The biosensors market is valued at USD 25.5 billion in 2021 and is projected to reach USD 36.7 billion by 2026; it is expected to grow at a CAGR of 7.5% from 2021 to 2026.

The emergence of nanotechnology-based biosensors, recent significant technological advancements, the rising use of biosensors for glucose monitoring in diabetics, the rising demand for home-based point-of-care devices due to the COVID-19 pandemic, and rising government initiatives towards diagnostics are some of the major factors propelling the growth of this biosensors industry .

Embedded device segment of biosensors market to hold highest market share during the forecast period

Based on type, embedded devices hold a larger market share of the biosensors market. These devices are widely used across a range of applications such as point of care, home diagnostics, food & beverages, research lab, environmental monitoring, and biodefense. With the proliferation of the Internet of Things (IoT) devices, there has been a huge transformation in terms of connected healthcare applications. IoT enables real-time alerting, tracking, and monitoring, which permits hands-on treatments, better accuracy, appropriate intervention by doctors, and improved complete patient care. Many healthcare facilities have started adopting embedded solutions for medical devices enabled with IoT to address the lack of availability of doctors in remote areas. These IoT-enabled medical devices help identify diseases in patients and conduct different tests to provide accurate and reliable treatment to patients in remote locations. Therefore, the rising adoption of embedded devices will drive the market growth of biosensors.

Download PDF Brochure @ 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=798

Wearable biosensors to hold the highest CAGR in the biosensors market from 2021 to 2026

Wearable biosensors have attracted considerable attention because of their potential to change classical medical diagnostics and continuous health monitoring concepts. Wearable biosensor applications aim to change centralized hospital-based care systems to home-based personal medicine and reduce healthcare cost and time for diagnosis. Nowadays, we can see that wearable biosensors are bringing out a wave of innovation to society.

Their comfort and better use can provide a new level of exposure to a patient’s real-time health status. This real-time data availability allows better clinical decisions and results in better health results and more efficient use of health systems. For human society, wearable biosensors may help in the early detection of health events and the avoidance of hospitalization. Such events are expected to boost the market growth of wearable biosensors.

Electrochemical technology segment to hold highest market share during the forecast period

Based on technology, the biosensors market for electrochemical technology holds the largest share during the forecast period. Electrochemical biosensors are increasingly used in non-medical applications, such as environmental monitoring; and are also used in the quality control of food and beverages. The most common type of electrochemical biosensor is the glucose sensor, which is currently used across point of care and home diagnostic applications. Indirect monitoring through electrochemical biosensors can be done to analyze organic pesticides or inorganic substances that interfere with the biocatalytic properties of the sensor. This involves the monitoring of heavy metals, fluoride, cyanide, and others that have high importance in industries and environments.

Biosensors market across home diagnostic application to grow at the highest rate from 2021 to 2026

The market for home diagnostics applications is expected to grow at the highest rate during the forecast period. The market growth can be attributed to increasing developments in the healthcare sector, the high rate of adoption of new diagnostic methods, and convenience in terms of using home-based medical devices. The novel coronavirus outbreak has led to an increase in demand for home diagnostics. Hence, manufacturers in the home diagnostics market are expanding their production capacities. Moreover, there is an increased demand across the wearable devices segment, and as lifestyle diseases become more prevalent, there is huge potential for the biosensors market share across the home diagnostics segment.

The Biosensors Companies is dominated by players such as Abbott (US), Roche (Switzerland), Medtronic (Ireland), Bio-Rad Laboratories, Inc. (US), and DuPont (US).

Know more Information @ https://www.marketsandmarkets.com/Market-Reports/biosensors-market-798.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441