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Biosensors Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024


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Title: Biosensors Industry Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024

Global Biosensors Market share to grow at 8 CAGR
from 2016 to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Biosensors Market
  • The commercialization scale of Biosensors Market
    has been commendable since the development of the
    first oxygen biosensor by Lel and Clark back in
  • With the advent of tissue engineering,
    nanotechnology, and regenerative medicine, the
    application portfolio of the biosensors industry
    has expanded by multiple folds in the medical
  • The growth is driven by the wide spectrum of
    biosensor applications in this sector comprising
    cholesterol monitoring, blood gas analyzer, blood
    glucose monitoring, drug discovery, and pregnancy
  • As per International Diabetes Federation
    statistics, the diabetic population is estimated
    to reach 552 million in 2030 which is a rather
    drastic increase from 366 million in 2011.
  • As per the estimates, blood glucose monitoring
    segment of the medical biosensors industry is
    projected to surpass USD 15 billion by 2024.
  • Home healthcare segment is estimated to rank
    second in the end-use landscape of biosensors
    industry with an estimated CAGR of 8.5 over

  • Being at the forefront pertaining to
    technological advancements, U.S. biosensors
    industry is projected to lead the global
    landscape over 2016-2024.
  • Besides technological developments, increasing
    prevalence of chronic ailments coupled with the
    heavy RD investments and favorable regulatory
    scenario are the other pivotal factors driving
    the regional biosensors industry share.
  • Estimates claim the APAC biosensors market to
    register a CAGR of 11 over the period of
  • Optical biosensors are also projected to make
    substantial contributions with a target CAGR of
    8.7 over the period of 2016-2024.
  • As per the estimates, agriculture applications
    are estimated to record the highest growth rate
    of 11 over 2016-2024.
  • Global Market Insights, Inc. forecasts the
    biosensors market to surpass a revenue of USD 29
    billion by 2024.

U.S. Biosensors Market Size, By Application, 2012
- 2024 (USD Million)

Table of Content
Chapter 1. Methodology and Scope 1.1.
Research Methodology
1.1.1. Initial data
exploration 1.1.2. Statistical modeling and
forecast 1.1.3. Industry insights and
validation 1.1.4. Research scope
assumptions 1.2. Data
Sources Chapter 2. Executive Summary 2.1.
Biosensors industry 3600 synopsis, 2012 -
2024 2.1.1. Business trends 2.1.2.
Regional trends 2.1.3. Product trends
Table of Content
Chapter 3. Biosensors Industry Insights 3.1.
Industry segmentation 3.2. Industry Size
and forecast, 2012 - 2024 3.3. Industry
Impact forces 3.3.1. Growth
drivers Expanded applications in the
field of Medical Rising prevalence of
diabetes globally High demand for
miniature diagnostic devices Rapid
technological advancements 3.3.2. Industry
pitfalls challenges Unfavorable
reimbursement scenario High costs of
product development Availability of
product substitutes 3.4. Growth potential
analysis 3.5. Porters analysis 3.6.
PESTEL analysis

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