Glucose Biosensors Market Analysis , Size , Share , Growth , Industry Trends and Forecast to 2024 | Hexa Research
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Glucose Biosensors Market Analysis , Size , Share , Growth , Industry Trends and Forecast to 2024 | Hexa Research
" Glucose biosensors industry is expected to observe soaring growth owing to escalating diabetic patient population worldwide . Rising occurrence of diabetes worldwide is the main factor contributing towards the expansion of this industry ."
The worldwide glucose biosensors market size is expected to surpass USD 31 billion by 2024 . It was valued about USD 15.3 billion in 2015 . The high incidence of diabetes is a key factor that drives this market . Technological breakthroughs in monitoring glucose levels can spur market demand . Biosensors are devices that detect biological changes in the body and display those via electronic indicators . These changes ( commonly known as analytes ) could be gases , organic compounds , bacteria , and others .
Glucose biosensors can sense glucose levels within the body . They are small & minimally invasive devices that assess glucose levels in outpatient settings . Need for reliable biosensors still pose a market challenge . Alternative methods , like laboratory tests can restrict market growth . But several companies are investing in R & D ( research and development ) to improve the current technology .
The global Glucose Biosensors Market is segmented on the basis of types , end-users , and regions . The two types are amprometric and fluorescent . Amperometric biosensors are extensively available . They function by way of glucose oxidase . These devices combine glucose with oxygen to produce hydrogen peroxide . The electrode identifies hydrogen peroxide and accurately measures glucose levels from it .
Fluorescent biosensors are estimated to capture major market shares over the forecast period ( 2016-2024 ). These biosensors measure glucose levels by detecting sensitive proteins via the fluorescence process . Better operational life of these devices may benefit the market in the years ahead .
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