Dublin, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The "Global Biosensors Market Size, Share & Trends Analysis Report by Technology (Electrochemical, Thermal, Piezoelectric), Application (Medical, Agriculture), End-user (PoC Testing, Food Industry), and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global biosensors market size is expected to reach USD 49.78 billion by 2030, registering a CAGR of 8.04% from 2024 to 2030. The key factors driving the industry growth include various applications in the healthcare/medical sector, increasing demand in the bioprocessing industry, and rapid technological advancements in drug screening due to the COVID-19 pandemic. Moreover, the pandemic led to the rapid expansion of the biosensor industry due to an increase in the number of hospitals worldwide. 
Over the forecast period, technological advancements are expected to be significant growth drivers for the industry. For example, in January 2022, a U.S. medical device manufacturer, Abbott, launched a universal consumer wearable device with biosensors. The company announced the development of a new line of consumer biometric wearable devices called Lingo, designed for more general fitness and wellness purposes. In addition, increasing demand for biosensors and bioreactors for new drug development is likely to lead to industry expansion in the near future due to improved biosensor technology.
Biosensors Market Report Highlights
- The electrochemical biosensors technology segment accounted for the largest revenue share in 2023. The segment is anticipated to witness significant growth over the forecast period owing to the widespread applications for analysis & quantification in biochemical and biological processes
- Based on the application, the medical segment dominated the industry in 2023. This device is considered an essential tool in the monitoring and detection of a wide range of medical conditions, such as cancer and diabetes
- Middle East & Africa is expected to witness the fastest growth rate over the forecast period. This is owing to a rise in research & development activities and constantly improving healthcare facilities in the region.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 110 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $28.9 Billion |
| Forecasted Market Value (USD) by 2030 | $49.78 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Biosensors Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.4 List Of Key End Users
3.5 Market Dynamics
3.6 Biosensors: Market Analysis Tools
3.7 Impact Of Covid-19 On Market
Chapter 4 Biosensors Market: Segment Analysis, By Technology, 2018 - 2030 (USD Million And Volume Unit)
4.1 Definition And Scope
4.2 Technology Market Share Analysis, 2023 & 2030
4.3 Segment Dashboard
4.4 Global Biosensors Market, By Technology, 2018 To 2030
4.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
4.5.1 Thermal
4.5.2 Electrochemical
4.5.3 Piezoelectric
4.5.4 Optical
Chapter 5 Biosensors Market: Segment Analysis, By Application, 2018 - 2030 (USD Million And Volume Unit)
5.1 Definition And Scope
5.2 Application Market Share Analysis, 2023 & 2030
5.3 Segment Dashboard
5.4 Global Biosensors Market, By Application, 2018 To 2030
5.5 Market Size & Forecasts And Trend Analyses, 2018 To 2030
5.5.1 Medical
5.5.1.2 Cholesterol
5.5.1.3 Blood Glucose
5.5.1.4 Blood Gas Analyzer
5.5.1.5 Pregnancy Testing
5.5.1.6. Drug Discovery
5.5.1.7 Infectious Disease
5.5.2 Food Toxicity
5.5.3 Bioreactor
5.5.4 Agriculture
5.5.5 Environment
Chapter 6 Biosensors Market: Segment Analysis, By End-user, 2018 - 2030 (USD Million and Volume Unit)
6.1 Definition and Scope
6.2 End-user Market Share Analysis, 2023 & 2030
6.3 Segment Dashboard
6.4 Global Biosensors Market, by End-user, 2018 to 2030
6.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
6.5.1 Home Healthcare Diagnostics
6.5.2 POC Testing
6.5.3 Food Industry
6.5.4 Research Laboratories
6.5.5 Security & Bio-Defense
Chapter 7 Biosensors Market: Regional Market Analysis, By Technology Type, By Application and By End User, 2018 - 2030 (USD Million and Volume Unit)
Chapter 8. Biosensors Market - Competitive Analysis
- Bio-Rad Laboratories
- Medtronic
- Abbott Laboratories
- Biosensors International
- Pinnacle Technologies
- Ercon
- Dupont Biosensor Materials
- Johnson & Johnson
- Koninklijke Philips
- Lifescan
- Qtl Biodetection
- Molecular Devices
- Nova Biomedical
- Molex
- TDK
- Zimmer & Peacock
- Siemens Healthcare
For more information about this report visit https://www.researchandmarkets.com/r/ht2tih
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