Biosensors Market 2025 Industry Competitive Landscape Analysis

From: crystal market research
Published: Tue Nov 28 2017

A Biosensors is an analytical device which is used to detect the analyze and gathers biological components with the help of a physicochemical detector. Biosensors converts biochemical signals into physicochemical signals which help in measuring the sample. A Biosensor is made up of two components, namely, a transducer and a biological element such as antibody, enzyme or nucleic acid. The transducer detects and transmits the signals. On the other hand, biological element acts as a sensor. There are four types of Biosensors, optical, electrochemical, thermal, and piezoelectric Biosensors. Biosensors are used in medical diagnostics, forensic, and drug target discovery. In medical diagnostics they are used to monitor lactose, glucose levels in the body, identification of molecular markers, and measurement of vitamin B12 and folic acid. In diabetic patients, blood glucose levels can be estimated with the help of Biosensors. They can also be used to diagnose and identify the pathogen in infectious disease such as urinary tract infection. Biosensors are also used in pharmaceuticals to estimate drug remnants in food and antibiotics. They are used in food industry to identify pathogens, to monitor fermentation products such as yoghurt and beer. They are also used to measure acids, alcohol and carbohydrates. Biosensors can also be used in counter-bioterrorist activities for sensing airborne bacteria. They are also used in monitoring environmental pollution by checking the quality of water and air. They are also used to control industrial effluents and in drug discovery programs. They are also used in detection river water contaminants and pesticides.

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The major factor that drives the Biosensors market is increase in prevalence of diabetes. According to International Diabetes Federation, in 2015, diabetes affected 415 million people worldwide and this number is expected to reach up to 642 million by 2040. Additionally, increase in the prevalence of geriatric population is also an important factor which will drive this market. According to WHO, in 2015, 900 million people were 60 years of age or older and this number is expected to reach up to 2 billion by 2050. Moreover, technological advancements are also set to drive this market. For instance, in May 2016, Nova Biomedical launched Bio Profile FLEX 2 cell culture analyzer. It is an extension of the Bio profile line of cell culture analyzers which also provides 16 cell culture chemistries. Furthermore, growing need for point of care diagnostics, cardiac pacemakers, blood glucose level will also boost the growth of this market. However, stringent regulatory requirements and complicated reimbursement policies will hamper the growth of Biosensors market.

The key strategy followed by the major players in the Biosensors market is product launch. For instance, in March 2016, Vital Connect, Inc. launched Vital Patch Biosensors. It is a single use Biosensors which continuously monitors and records skin temperature, electrocardiogram and heart rate. With the launch Vital Patch Biosensors, Vital Connect, Inc. will gain more market share.

Major Market Players:

 Siemens Healthcare GmbH
 Life Sensors, Inc.
 F. Hoffmann-La Roche Ltd.
 Aga Matrix, Inc.
 Abbott Laboratories
 Nova Biomedical.

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Biosensors Market Segmentation:

By Technology:

• Optical Biosensors
• Electrochemical Biosensors
• Thermal Biosensors
• Piezoelectric Biosensors

By Application:

• Medical Applications

o Infectious Diseases
o Cholesterol Testing
o Drug Discovery
o Blood Glucose Monitoring
o Pregnancy Testing
o Blood Gas Analyzer

• Environment
• Industrial Process Control (Bioreactor)
• Food Toxicity Detection
• Agriculture
• Others

By End User:

• Point of Care Testing
• Security and Bio-Defense
• Home Healthcare Diagnostics
• Research Laboratories
• Food Industry

By Region:

• North America

o U.S
o Canada
o Mexico

• Europe

o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe

• Asia-Pacific

o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific

• Rest of the World

o Brazil
o South Africa
o Saudi Arabia
o Turkey
o United Arab Emirates
o Others

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