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Furthermore , the emergence of nanobiosensors will benefit the global market in the long run . For example , Fluid-Screen , a quarter-sized device , employing very small nanosensors is gaining importance in the world of biosensors . This device identifies pathogens in water & bacterial contamination in blood . Moreover , demand for home-based POC devices is anticipated to increase in the years to come . These devices are used to determine heart rate , glucose levels , and blood pressure . Patients can use these devices sitting at home and can monitor their health . Hence , the ‘ convenience ’ factor associated with home-based POC devices may contribute to the worldwide market significantly .
However , the sluggish pace of commercialization because of readout times , sensitivity , costs , miniaturization , and lifespan of a molecule could hamper demand . Also , high costs in research & development and the low adoption levels of novel treatments are the other market restraints .
The global market is categorized as applications , technologies , and end-uses . Applications comprise medical applications , food toxicity detection , environment , industrial process control , and agriculture . The surging popularity of biosensors for blood sugar monitoring may fuel global demand in the near future .
On the basis of technologies , the market is divided into thermal biosensors , electrochemical biosensors , optical biosensors , and piezoelectric biosensors . The global demand for optical biosensors can surge substantially over the next eight years . These devices should modernize eco-monitoring by increasing the ability to differentiate & gauge eco-pollutants . This may propel the worldwide bioelectronics and biosensors market in the forecast period .
Based on end-use , the industry is fragmented into the food industry , home healthcare diagnostics , P oint-of- Care ( POC ) testing , and research laboratories . The POC diagnostics segment was estimated at more than USD 14 billion in 2015 . The introduction of bioelectronics has revolutionized the rapidly developing POC testing industry . POC biosensor systems provide real-time health monitoring , ensuring better patient health .
Geographically , the North America bioelectronics and biosensors market may witness considerable growth from 2016 to 2024 . This would be on account of extensive applications in the healthc are segment . Asia- Pacific could also expand robustly over the forecast period . Major companies in the worldwide bioelectronics and biosensors market are F . Hoffmann-La Roche A . G .; LifeSensors Inc .; Abbott Point of Care Inc .; Nova Biomedical Corp .; and AgaMatrix Inc .
Browse Related Category Market Report @ https :// www . hexaresearch . com / research-category / medicaldevices-industry
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