Market Overview:
The global biological sensor market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wearable and non-wearable sensors for point-of-care (POC) testing, home diagnostics, research laboratories, and other applications. North America is expected to dominate the global biological sensor market in terms of revenue during the forecast period. However, Asia Pacific is projected to grow at the highest CAGR during the forecast period owing to rising awareness about health and fitness among consumers and growing demand for advanced medical devices in this region.
Product Definition:
A biological sensor is a device that uses biological molecules to detect and respond to environmental stimuli. Biological sensors can be used for medical diagnostics, environmental monitoring, or food safety.
Wearable:
Biological sensors are devices that measure and respond to biological signals. They can be used for therapeutic, diagnostic, and research applications. The market is expected to grow at a lucrative rate over the forecast period owing to factors such as increasing demand for minimally invasive medical procedures coupled with rising geriatric population base across the globe. Moreover, technological advancements in wearable technology are also anticipated to drive market growth during the forecast period of 2014-2025.
Non-Wearable:
Non-wearable devices are used in biological sensors market for measuring various physical parameters such as temperature, pressure, humidity and vibration. These parameters are measured without the need for direct contact between device and sensor. Non-wearable devices include patches, bandages or even injection ports that can measure vital signs of a patient directly from a distance.
Application Insights:
The POC testing segment dominated the overall market in terms of revenue share in 2017. This is attributed to the rising number of clinical trials and increasing usage of biological sensors for monitoring patients¢â‚¬â„¢ health parameters. For instance, Biosensors International announced its new product named SPOT Gen5 that measures glucose level using biosensor technology and it can be used for diabetes screening as well as continuous glucose monitoring. Similarly, other medical applications include cholesterol testing, blood gas analyzer tests, drug metabolism monitor tests, and infection detection test kits among others. These products are gaining popularity due to their ability to detect early signs of diseases at an early stage which helps doctors make better decisions regarding treatment options leading to improved patient outcomes.
The home diagnostics segment is expected register a significant CAGR during the forecast period owing to high R&D investments by various companies such as GE Healthcare Sensing Technologies Ltd., Abbott Diabetes Care Pvt., lnc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for research and development activities, rising adoption of wearable devices by patients, healthcare providers, and researchers as well as technological advancements in medical fields.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure & facilities along with growing awareness among people about early diagnosis of diseases & disorders. Moreover, economic development coupled with rapid urbanization has led to an increase in disposable income which will further boost demand for these products across this region during the forecast period from 2018 To 2030 (estimated).
Growth Factors:
- Increasing demand for early disease diagnosis and treatment: The global market for biological sensors is expected to grow at a CAGR of over 9% from 2016 to 2024. This growth can be attributed to the increasing demand for early disease diagnosis and treatment. Biological sensors are used in various applications such as diagnostics, therapeutics, research & development, and others. They play an important role in detecting diseases at an early stage so that appropriate treatment can be initiated.
- Technological advancements: The technological advancements in the field of biosensors are expected to drive the growth of the global market for biological sensors during the forecast period. With continuous innovations taking place, new types of biosensors are being developed that offer better performance and accuracy than traditional ones. For instance, optical biosensors have gained popularity due to their high sensitivity and specificity coupled with low cost-per-test ratio as compared to other types of biosensors available in the market today
Scope Of The Report
Report Attributes
Report Details
Report Title
Biological Sensor Market Research Report
By Type
Wearable, Non-Wearable
By Application
POC Testing, Home Diagnostics, Research Laboratories, Others
By Companies
Abbott, Platinum Equity, Nova Biomedical, Bayer, Roche, ARKRAY, Medtronic, B.Braun, Sinocare, Yicheng, Yuyue Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Biological Sensor Market Report Segments:
The global Biological Sensor market is segmented on the basis of:
Types
Wearable, Non-Wearable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
POC Testing, Home Diagnostics, Research Laboratories, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott
- Platinum Equity
- Nova Biomedical
- Bayer
- Roche
- ARKRAY
- Medtronic
- B.Braun
- Sinocare
- Yicheng
- Yuyue Medical
Highlights of The Biological Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wearable
- Non-Wearable
- By Application:
- POC Testing
- Home Diagnostics
- Research Laboratories
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Biological Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A biological sensor is a device that can measure physical or chemical properties of living cells, tissues, or organs.
Some of the major players in the biological sensor market are Abbott, Platinum Equity, Nova Biomedical, Bayer, Roche, ARKRAY, Medtronic, B.Braun, Sinocare, Yicheng, Yuyue Medical.
The biological sensor market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Biological Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Biological Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Biological Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Biological Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Biological Sensor Market Size & Forecast, 2020-2028
4.5.1 Biological Sensor Market Size and Y-o-Y Growth
4.5.2 Biological Sensor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Wearable
5.2.2 Non-Wearable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 POC Testing
6.2.2 Home Diagnostics
6.2.3 Research Laboratories
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Biological Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Biological Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Wearable
9.6.2 Non-Wearable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 POC Testing
9.10.2 Home Diagnostics
9.10.3 Research Laboratories
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Wearable
10.6.2 Non-Wearable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 POC Testing
10.10.2 Home Diagnostics
10.10.3 Research Laboratories
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Wearable
11.6.2 Non-Wearable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 POC Testing
11.10.2 Home Diagnostics
11.10.3 Research Laboratories
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Wearable
12.6.2 Non-Wearable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 POC Testing
12.10.2 Home Diagnostics
12.10.3 Research Laboratories
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Wearable
13.6.2 Non-Wearable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 POC Testing
13.10.2 Home Diagnostics
13.10.3 Research Laboratories
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Biological Sensor Market: Competitive Dashboard
14.2 Global Biological Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 Platinum Equity
14.3.3 Nova Biomedical
14.3.4 Bayer
14.3.5 Roche
14.3.6 ARKRAY
14.3.7 Medtronic
14.3.8 B.Braun
14.3.9 Sinocare
14.3.10 Yicheng
14.3.11 Yuyue Medical
