Market Revenue Biosensors Industry Segmentation, Size and Growth | Page 2

Additionally, the adoption speed of these regulatory requirements to advanced technologies is slower due to
which the global market is expecting hindrances. Furthermore, the present lifestyle disorders and the prevalent
chronic diseases are stimulating the consumers to adopt the biosensors for early detection of unhealthy viruses
in the body. Also the rising geriatric population, and increasing acceptance of nanotechnology is again expanding
the application of Biosensors in terms of their affordability and accessibility. The other industrial applications of
Biosensors are in the food analysis, monitoring of microbial activities, and imaging operations.
Since maintaining or preserving the normal glucose levels is crucial for the patients suffering from diabetics, the
development of the suitable glucose biosensor has been introduced to support the patients with this very
common disorder. However, rising requirement of self-monitoring devices is enlarging the use of biosensors
especially in handy forms. These sensors are presently available in minimal level and is least effective to the
glucose levels in the patient. The examination of glucose level in the diabetic patient’s body is required at
regular intervals to manage the disease. Due to this, several technical enhancements are being approved for the
improved manufacturing of sensors. However, the manufacture of reliable and accurate biosensors is predicted
to be one of the major challenges for the market players.
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The biosensors industry is categorized on the grounds of application, technology, product type and geography.
On the grounds of application, the market is divided into food toxicity detection, industrial process control,
agriculture, medical, environmental monitoring, drug abuse prevention, defense, etc. The technologies
mentioned here comprise electrochemical biosensors, thermal biosensors, optical sensors, piezoelectric
sensors, etc. On the grounds of product type, the market is divided into wearable Biosensors and non-wearable
Biosensors. The wearable biosensors can be further categorized into wrist wear, eye wear, foot wear, body
wear, wear, etc.
Geographically, the market is divided into four regions namely, Europe, North America, Asia Pacific and LAMEA.
One of the strategies accepted by the players of the market is collaboration. North America is projected to hold
the maximum share of the entire biosensors market. Point of care (POC) diagnostics is the widely emerging
applications for biosensors in North America. The key reason behind the POC sector growth is the rise in the
patient population base. Approval from Clinical Laboratory Improvement Amendments (CLIA) for certain POC
diagnostic devices such as coagulation, glucose monitoring, and hematology devices is further driving the
growth of the biosensors industry in North America. The prominent players profiled here are Abbott
Laboratories, Aga Matrix, Life Scan, Siemens Healthcare, Bayer, Johnson and Johnson, Nova Biomedical
Corporation, Medtronic, Animas Corporation and Hoffmann-La Roche.