Biosensors Market
Global Biosensors Market: Growth Factors
The key factors responsible for propelling the growth of the market include the enhanced technologies, rising requirement for point-of-care and home care devices, monitoring of glucose in diabetic patients, the emergence of nano-biosensors / nanotechnology, and extensive use of biosensor in various applications such as medical science. The other factors boosting the biosensor market growth are the increasing demand for advanced techniques for environmental monitoring and expeditious pathogen identification. However, various factors such as disinclination toward the acceptance of the new therapy approach, high expenditure involved in the development and research, and steady rate of commercialization may hinder the growth of the global biosensors market.
Global Biosensors Market: Segmentation
The global biosensors market is segmented based on technology, application, end use, and region. The technology segment of the global market is divided into electrochemical biosensors, optical biosensors, piezoelectric biosensors, and thermal biosensors. The application segment of the biosensors market is diversified into food toxicity detection, agriculture, industrial process control, environment, medical, and others. The medical application is further sub-segmented into blood glucose monitoring, drug discovery, cholesterol testing, blood gas analyzer, infectious diseases, and pregnancy testing. The end-use segment of the global market is classified into research laboratories, home point-of-care testing, food industry, security, healthcare diagnostics, and bio-defense. Regionally, the global biosensors market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.