Global Biosensors (Wearable and Nonwearable) Market Forecast to 2024

DUBLIN, June 13, 2019 /PRNewswire/ -- The "Biosensors Market by Type (Sensor patch and embedded device), Product (Wearable and nonwearable), Technology (Electrochemical and optical), Application (POC, Home Diagnostics, Research Lab, Food & Beverages), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The Biosensors Market is Estimated to Grow From USD 21.2 Billion in 2019 to USD 31.5 Billion by 2024, at a CAGR of 8.3%.

The biosensors market for PoC diagnostics applications is growing at a significant rate due to increasing incidences and prevalence of lifestyle diseases, such as diabetes. However, the slow rate of commercialization act as a major restraint for the growth of the market.

Sensor patch segment to witness highest CAGR during the forecast period 

The market for sensor patches is estimated to grow at a higher CAGR during the forecast period. Sensor patches offer unique opportunities for condition/activity monitoring, feedback and actuation/delivery services, such as drug delivery or stimulation, localization, identification, personal contextual notifications, information display, and virtual assistance. In simpler terms, these devices can monitor, document, and augment lives, and they can be used to assist people in specialized professional and personal activities.

Nonwearable biosensor segment to witness higher CAGR from 2019 to 2024

Nonwearable biosensor segment to witness a higher CAGR from 2019 to 2024. Nonwearable biosensors offer real-time on-site monitoring of production processes. Apart from on-site monitoring, these biosensors help the food industry in addressing challenges, such as meeting food quality guidelines, by providing analytical accuracy within complex food matrices.

APAC to witness the highest CAGR of biosensors market from 2019 to 2024

The market in APAC is expected to witness the highest CAGR of the biosensors market during the forecast period. Major factors contributing to the growth of the biosensors market in APAC include the development of healthcare systems and the increasing number of lifestyle diseases in the region. The biosensor market in APAC is the amalgamation of a few leading markets, such as China, Japan, and India.

Moreover, the adoption of POC devices in a view to address lifestyle diseases and enhance the general health of people has led to the increased use of biosensors. Also, rising glucose levels in individuals with diabetes and increasing demand for disposable, as well as the growing demand for cost-effective user-friendly devices, are the factors driving the growth of the global biosensors market.

Furthermore, there are various initiatives taken for food safety in APAC. Food and waterborne pathogens are among the leading causes of illnesses and death in developing economies. In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with key industry people.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insight
4.1 Attractive Opportunities in Biosensors Market
4.2 Biosensors Market, By Application
4.3 Biosensors Market, By Country
4.4 Biosensors Market, By Technology

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Emergence of Nanotechnology-Based Biosensors
5.2.1.2 Significant Technological Advancements in Last Few Years
5.2.1.3 Increasing Use of Biosensors to Monitor Glucose Levels in Individuals With Diabetes
5.2.1.4 Increased Demand for Home-Based POC Devices
5.2.1.5 Government Initiatives Toward Diagnostics
5.2.2 Restraints
5.2.2.1 Slow Rate of Commercialization
5.2.2.2 High Cost Involved in R&D
5.2.2.3 Reluctance Toward Adoption of New Treatment Practices
5.2.3 Opportunities
5.2.3.1 Emerging Market in Developing Countries
5.2.3.2 High-Growth Opportunities in Food Industry, Environmental Monitoring, and Biodefense
5.2.4 Challenges
5.2.4.1 Government Regulations - Long Certification and Approval Cycles
5.2.4.2 Pricing Pressure in POC Market

6 Biosensors Market, By Type
6.1 Introduction
6.2 Sensor Patch
6.2.1 Assist People in Specialized Professional and Personal Activities
6.3 Embedded Device
6.3.1 Detect A Broad Spectrum of Biological Analytes and Show Greater Responses and Success Rates in Medical Laboratories and Food Bioanalyses

7 Biosensors Market, By Product
7.1 Introduction
7.2 Wearable Biosensors
7.2.1 Wristwear
7.2.1.1 Capabilities of Real-Time Health and Fitness Tracking and Monitoring
7.2.2 Eyewear
7.2.2.1 Smart Glasses and Smart Lenses to have Significant Presence in the Market
7.2.3 Footwear
7.2.3.1 Help in Monitoring Kilometer Run, Calories Burned, Workout Hours, Blood Pressure, and Other Fitness- and Health-Related Data
7.2.4 Neckwear
7.2.4.1 Trendy Device That Can Help Monitor Fitness
7.2.5 Bodywear
7.2.5.1 Potential to Equip Clothes Used for Daily Wear With Smart Capabilities, Making the Detection of Body Movements Possible
7.2.6 Others
7.3 Nonwearable Biosensors
7.3.1 Offer Real-Time On-Site Monitoring of Production Processes

8 Biosensors Market, By Technology
8.1 Introduction
8.2 Electrochemical Biosensors
8.2.1 Amperometric Sensors
8.2.1.1 Blood Glucose Sensors
8.2.1.1.1 Suitable for Medical Devices for Monitoring Blood Glucose
8.2.2 Potentiometric Sensors
8.2.2.1 Immunosensors
8.2.2.1.1 Enable Label-Free Detection and Quantification of Immune Complex
8.2.3 Conductometric Sensors
8.2.3.1 Measurement of the Change in Conductive Properties of A Sample Solution Or A Medium
8.3 Optical Biosensors
8.3.1 SPR
8.3.1.1 Measuring Interactions in Real-Time With High Sensitivity and Without the Need for Labels
8.3.2 Colorimetric Biosensors
8.3.2.1 Use of Calorimetric Biosensors in Various Applications, Such as in the Detection and Identification of Virulence Activity
8.3.3 Fluorescence Biosensors
8.3.3.1 Better Sensitivities and Specificities, as Well as Ease of Labeling, While Detection
8.4 Piezoelectric Biosensors
8.4.1 Acoustic Biosensors
8.4.1.1 Monitors the Change in the Physical Properties of an Acoustic Wave in Response to Measurand
8.4.2 Microcantilever Biosensors
8.4.2.1 A Promising Tool for Detecting Biomolecular Interactions With Improved Accuracy
8.5 Thermal Biosensors
8.5.1 Do Not Require Frequent Recalibration and are Insensitive to the Optical and Electrochemical Properties of the Sample the Sample
8.6 Nanomechanical Biosensors
8.6.1 Ability to Perform Rapid, Sensitive, and Selective Detection of Biological and Biochemical Entities
8.7 Others

9 Biosensors Market, By Application
9.1 Introduction
9.2 POC
9.2.1 Glucose Monitoring
9.2.1.1 The Rising Prevalence of Diabetes Worldwide, Technological Advancements in Self-Monitoring of Blood Glucose, and Growing Awareness About POC Testing
9.2.2 Cardiac Marker
9.2.2.1 Sedentary Urban Lifestyles Causing Increase in Cardiovascular Diseases
9.2.3 Infectious Disease Detection
9.2.3.1 Detection of Toxins, Bacteria, and Viruses in A Variety of Physiological and Environmental Matrices.
9.2.4 Coagulation Monitoring
9.2.4.1 Growing Use of Anticoagulant Therapy, Coupled With the Adoption of Self-Testing Kits for Use at Home
9.2.5 Pregnancy Testing
9.2.5.1 Growing Preference of Women for Confidentiality and Accessibility of Test Results
9.2.6 Blood Gas & Electrolyte Detection
9.2.6.1 Increasing Global Aging Population is Significantly Driving the Growth of the Market
9.2.7 Tumor Or Cancer Marker
9.2.7.1 Increasing Number of People Suffering From Cancer and Growth in Investments in Cancer Research
9.2.8 Urinalysis Testing
9.2.8.1 Rising Number of Urinary Tract Infections Among Individuals
9.2.9 Cholesterol Testing
9.2.9.1 Increasing Prevalence of CVDs Due to Aging and Obese Population
9.3 Home Diagnostics
9.3.1 Glucose Monitoring
9.3.1.1 Growing Preference for Self-Monitoring Blood Glucose Devices
9.3.2 Pregnancy Testing
9.3.2.1 Need for Portable and User-Friendly Pregnancy Testing Devices
9.3.3 Cholesterol Testing
9.3.3.1 Growth of Diseases Due to Increased Cholesterol Levels in Individuals
9.4 Research Lab
9.4.1 Need of Biosensors Based Product Development for Early Monitoring of Diseases
9.5 Biodefense
9.5.1 Use of Biosensors to Detect Microbial Pathogens During Biological Warfare
9.6 Environmental Monitoring
9.6.1 Detection of Contaminants in Complex Matrices With Several Advantages Helping to Grow the Market
9.7 Food & Beverages
9.7.1 Biosensors Used for Pathogen Detection and Helping to Meet the Nugent Food Standards

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 Abbott Laboratories Inc.
12.2.2 F. Hoffman-La Roche
12.2.3 Medtronic
12.2.4 Universal Biosensors
12.2.5 Siemens AG
12.2.6 Lifescan
12.2.7 Bayer Healthcare AG
12.2.8 Bio-Rad Laboratories, Inc.
12.2.9 Dowdupont Inc.
12.2.10 Sysmex Corporation
12.2.11 Biacore
12.2.12 Biosensors International PTE. Ltd.
12.2.13 Ercon Inc.
12.2.14 Lifesensors
12.2.15 Nova Biomedical
12.2.16 ACON Laboratories, Inc.
12.2.17 Pharmaco-Kinesis Corporation
12.3 Other Companies
12.3.1 Neurosky, Inc.
12.3.2 Graphene Frontiers
12.3.3 Hmicro Inc.
12.3.4 Xsensio SA
12.3.5 Innovative Sensor Technology Ist AG
12.3.6 Eastprint Incorporated
12.3.7 Pinnacle Technology
12.3.8 Oxirate

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