Delvens published a new research publication on "Biosensors Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Biosensors market was mainly driven by the increasing R&D spending across the world.
The global biosensors market size was valued at USD 22.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.9% to 2028.
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Key Players
· AZUR Environmental
· Abbott Laboratories
· Biosensor BV
· Bayer AG
· Cranfield Biotechnology Centre
· Pinnacle Technologies Inc.
· DuPont Biosensor Materials
· Ercon, Inc.
· EG & IC Sensors, Inc.
· Johnson & Johnson
· Innovative Biosensors Inc. and More
The term “biosensor” is short for “biological sensor.” The device is made up of a transducer and a biological element that may be an enzyme, an antibody or a nucleic acid. The bio element interacts with the analyte being tested and the biological response is converted into an electrical signal by the transducer.
The emergence of nanotechnology-based biosensors, significant technological advancements in the last few years, increasing use of biosensors to monitor glucose levels in individuals with diabetes, surging demand for home-based point of care devices due to the COVID-19 pandemic, and rising government initiatives toward diagnostics are some of the factors that have supported long-term expansion for Biosensors Market.
Regional Analysis
North America dominated the biosensors market and accounted for the largest revenue share of 39.9% in 2020 owing to the growing prevalence rate of targeted diseases and the presence of key players in the region.
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Recent Developments
In January 2021, Roche signed a Global Business Partnership Agreement (GBP) with Sysmex to deliver hematology testing solutions. The new agreement aims to utilize the IT systems to lead to improved clinical decision-making and customer experience. This successful, long-running partnership continues to evolve and bring hematology testing innovations to laboratories globally.
In December 2020, Abbott announced its next-generation, sensor-based glucose monitoring technology, FreeStyle Libre 2, which received approval by Health Canada for adults and children (4 years and older) with diabetes.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Biosensors Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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