P & S Market Research Releases A New Research Report with Market Overview, Trends, Analysis DRO, Market Segmentation, Market Size, Share, Forecast, Porter Analysis, Recent Developments, Competitive Scenario and top competitor profiles in:
Global Industry Insight: Biosensors Market Development and Demand Forecast to 2020
Explore more about Global Biosensors Market: https://www.psmarketresearch.com/market-analysis/biosensors-market
The global biosensors market which valued at $ 12,963.9 million in 2014 and it is expected to grow at a CAGR of 9.7% during 2015 to 2020 to reach $ 22.490 million by 2020. The global biosensor market is being driven by Increasing prevalence of diabetic population, and rise in geriatric population. Diabetes is a chronic and non-communicable disease, and its global prevalence is Increasing enormously. Increasing demand of point of care testing, rising prevalence of chronic and lifestyle diseases associated, and Increasing application of biosensors in various industries are some of the factors driving the global biosensor other market.
In addition, rising product innovation in biosensor helps Medical Device Manufacturing Company to develop innovative products for Advance diagnostic solutions in order to respond to the rising industry demands. In order to reduce the burden of chronic and lifestyle globally associated diseases, accurate diagnosis is needed for prevention of diseases examined; and biosensor help in detection and monitoring of diseases thesis. HOWEVER, Strict Regulatory Requirements and reimbursement policy issues in healthcare system are inhibiting the growth of the global market biosensors.
Ask For Sample Pages: https://www.psmarketresearch.com/market-analysis/biosensors-market/report-sample
Based on Technology, the global market has been biosensor breakdown into electrochemical, optical, thermal, and piezoelectric. Among all the technologies, electrochemical had a major share in the market in 2014. The biosensor Optical Technology what the Fastest Growing Technology in biosensor market, with a CAGR of 10.3% during 2011 to 2014. The end-users of the biosensor include point of care, home diagnostic, Research Laboratories, Food Industry, Security and Biodefense and others; where point of care Accounted for Approximately 50% of the market in 2014 and security and biodefense what the Fastest Growing Market, with a CAGR of 10.6%, during 2011 to 2014th
By application, the biosensor market has been breakdown into medical testing, food toxicity, industrial process, environmental, agricultural testing, and others. The medical testing Accounted for the highest share, by application, in the global market biosensor; whereas, environmental applications Witnessed the highest growth during the period 2011 to 2014th
The growing aging population, Increasing Health Awareness, rising chronic and lifestyle diseases, Technological Developments for various home use applications, and Appropriate insurance coverage are Driving the biosensor market in North America. North America Accounted for more than 40% of the global market biosensors. In Europe, to International Diabetic Federation .According in 2013. Approximately 52 million people are suffering from diabetes. THUS, Increasing prevalence of diabetes would increase the usage of biosensor devices for the diagnosis in Europe. The biosensor market in Asia-Pacific is expected to witness the highest growth rate (11.4% CAGR) during 2015 to 2020 due to Increasing healthcare awareness and Increasing healthcare expenditure. China is one of the fastest growing countries in Asia-Pacific due to Increasing Awareness of Clinical Outcomes and large population base.
Browse more reports on Medical Devices: https://www.psmarketresearch.com/industry-report/medical-devices
The global market biosensor has a fragmented structure with number of companies operating in the market. The major companies in the market include Siemens Healthcare, Abbott Laboratories Inc., Johnson and Johnson, Medtronic Inc., F. Hoffmann La Roche, and Bayer AG.
About P & S Market Research
P & S Market Research is a global market research and consulting company. We Provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate Market Forecasting. Our analysts and consultants interact with Leading Companies of the Concerned domain to substantiate everysingle data presented in our publication. Our research assists our client in Identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
Contact:
Ms Somya
Manager – Client Partner
347, 5th Ave. # 1402
New York City, NY – 10016
Toll-free: + 1-888-778-7886 (US / Canada)
Email: enquiry@psmarketresearch.com