Market Overview:
The global smart biosensor market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wearable biosensors and rising prevalence of chronic diseases. The non-wearable biosensors segment is expected to account for the majority share of the global smart biosensor market in 2018. However, the wearable biosensors segment is projected to grow at a higher CAGR during the forecast period owing to their growing adoption for various applications such as blood glucose testing, cholesterol testing, and others. The blood glucose testing application dominates the global smart biosensor market and is expected to continue its dominance during the forecast period.
Product Definition:
A biosensor is a device that uses a biological response to detect the presence of a chemical or biological agent. Smart biosensors are enhanced versions of traditional biosensors that can communicate wirelessly with other devices, such as smartphones or computers. This allows for real-time monitoring and tracking of data from the sensor. Smart biosensors have many potential applications, including health care, environmental monitoring, and food safety.
Wearable Biosensors:
Wearable biosensors are portable devices that incorporate biochemical sensors with the ability to be worn on the body. These sensors can measure environmental parameters such as temperature, blood oxygen level, and humidity. They are used for medical diagnosis and monitoring of vital statistics in patients suffering from chronic diseases such as diabetes mellitus.
Non-wearable Biosensors:
Non-wearable biosensors are portable devices used to measure biological parameters such as temperature, pH, and chemical concentration. They are non-invasive in nature and can be directly attached or integrated with the body parts for real time monitoring of vital signs. The increasing prevalence of chronic diseases such as diabetes, high blood pressure & cholesterol levels among others is expected to drive market growth over the forecast period.
Application Insights:
The blood glucose testing segment dominated the global smart biosensor market in terms of revenue in 2017. The high prevalence of diabetes and rising demand for self-monitoring devices to test blood glucose levels are some of the factors that contribute to the large share held by this segment. For instance, according to data published by WHO, approximately 663 million people have been diagnosed with diabetes worldwide while another 710 million are estimated to be susceptible to developing type 2 diabetes. In addition, as per U.S Department of Health & Human Services, around 29% adults in U.S have prediabetes symptoms which may lead them towards a diagnosis with Type 2 Diabetes later on if proper measures are not taken against it now.
The cholesterol testing segment accounted for a significant share within North America.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, increasing investments in R&D, and high adoption rate for novel technologies. Moreover, growing focus on chronic diseases management is expected to drive regional growth over the forecast period. Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to rising disposable income levels and improving healthcare infrastructure coupled with government support for promoting medical tourism in emerging countries such as India & China & Singapore among others.
Growth Factors:
- Increasing demand for biosensors in point-of-care diagnostics
- Rising prevalence of chronic diseases
- Technological advancements in biosensor technology
- Growing demand for personalized medicine
- Increasing funding for research and development of biosensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Biosensor Market Research Report
By Type
Wearable Biosensors, Non-wearable Biosensors
By Application
Blood Glucose Testing, Cholesterol Testing, Blood Gas Analysis, Pregnancy Testing, Drug Discovery, Infectious Disease Testing, Others
By Companies
Abbott Point of Care Inc., Medtronic Inc., Hoffman La-Roche Ltd., Siemens Healthcare AG, Lifescan, Inc., LifeSensors Inc., Nova Biomedical Corp., Acon Laboratories Inc., Universal Biosensors, Pharmaco-Kinesis Corporation, Biacore
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
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Smart Biosensor Market Report Segments:
The global Smart Biosensor market is segmented on the basis of:
Types
Wearable Biosensors, Non-wearable Biosensors
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
Blood Glucose Testing, Cholesterol Testing, Blood Gas Analysis, Pregnancy Testing, Drug Discovery, Infectious Disease Testing, 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 Point of Care Inc.
- Medtronic Inc.
- Hoffman La-Roche Ltd.
- Siemens Healthcare AG
- Lifescan, Inc.
- LifeSensors Inc.
- Nova Biomedical Corp.
- Acon Laboratories Inc.
- Universal Biosensors
- Pharmaco-Kinesis Corporation
- Biacore
Highlights of The Smart Biosensor 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 Biosensors
- Non-wearable Biosensors
- By Application:
- Blood Glucose Testing
- Cholesterol Testing
- Blood Gas Analysis
- Pregnancy Testing
- Drug Discovery
- Infectious Disease Testing
- 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 Smart Biosensor 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 smart biosensor is a type of sensor that can be connected to a computer or other electronic device for the purpose of collecting and processing data. Smart biosensors are often used in industrial, medical, and environmental applications.
Some of the major players in the smart biosensor market are Abbott Point of Care Inc., Medtronic Inc., Hoffman La-Roche Ltd., Siemens Healthcare AG, Lifescan, Inc., LifeSensors Inc., Nova Biomedical Corp., Acon Laboratories Inc., Universal Biosensors, Pharmaco-Kinesis Corporation, Biacore.
The smart biosensor market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Biosensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Biosensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Biosensor Market - Supply Chain
4.5. Global Smart Biosensor Market Forecast
4.5.1. Smart Biosensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Biosensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Biosensor Market Absolute $ Opportunity
5. Global Smart Biosensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Biosensor Market Size and Volume Forecast by Type
5.3.1. Wearable Biosensors
5.3.2. Non-wearable Biosensors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Biosensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Biosensor Market Size and Volume Forecast by Application
6.3.1. Blood Glucose Testing
6.3.2. Cholesterol Testing
6.3.3. Blood Gas Analysis
6.3.4. Pregnancy Testing
6.3.5. Drug Discovery
6.3.6. Infectious Disease Testing
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Biosensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Biosensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Biosensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Biosensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Biosensor Demand Share Forecast, 2019-2026
9. North America Smart Biosensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Biosensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Biosensor Market Size and Volume Forecast by Application
9.4.1. Blood Glucose Testing
9.4.2. Cholesterol Testing
9.4.3. Blood Gas Analysis
9.4.4. Pregnancy Testing
9.4.5. Drug Discovery
9.4.6. Infectious Disease Testing
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Biosensor Market Size and Volume Forecast by Type
9.7.1. Wearable Biosensors
9.7.2. Non-wearable Biosensors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Biosensor Demand Share Forecast, 2019-2026
10. Latin America Smart Biosensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Biosensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Biosensor Market Size and Volume Forecast by Application
10.4.1. Blood Glucose Testing
10.4.2. Cholesterol Testing
10.4.3. Blood Gas Analysis
10.4.4. Pregnancy Testing
10.4.5. Drug Discovery
10.4.6. Infectious Disease Testing
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Biosensor Market Size and Volume Forecast by Type
10.7.1. Wearable Biosensors
10.7.2. Non-wearable Biosensors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Biosensor Demand Share Forecast, 2019-2026
11. Europe Smart Biosensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Biosensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Biosensor Market Size and Volume Forecast by Application
11.4.1. Blood Glucose Testing
11.4.2. Cholesterol Testing
11.4.3. Blood Gas Analysis
11.4.4. Pregnancy Testing
11.4.5. Drug Discovery
11.4.6. Infectious Disease Testing
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Biosensor Market Size and Volume Forecast by Type
11.7.1. Wearable Biosensors
11.7.2. Non-wearable Biosensors
11.8. Basis Point Share(BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Biosensor Demand Share, 2019-2026
12. Asia Pacific Smart Biosensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Biosensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Biosensor Market Size and Volume Forecast by Application
12.4.1. Blood Glucose Testing
12.4.2. Cholesterol Testing
12.4.3. Blood Gas Analysis
12.4.4. Pregnancy Testing
12.4.5. Drug Discovery
12.4.6. Infectious Disease Testing
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Biosensor Market Size and Volume Forecast by Type
12.7.1. Wearable Biosensors
12.7.2. Non-wearable Biosensors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Biosensor Demand Share, 2019-2026
13. Middle East & Africa Smart Biosensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Biosensor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Biosensor Market Size and Volume Forecast by Application
13.4.1. Blood Glucose Testing
13.4.2. Cholesterol Testing
13.4.3. Blood Gas Analysis
13.4.4. Pregnancy Testing
13.4.5. Drug Discovery
13.4.6. Infectious Disease Testing
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Biosensor Market Size and Volume Forecast by Type
13.7.1. Wearable Biosensors
13.7.2. Non-wearable Biosensors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Biosensor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Biosensor Market: Market Share Analysis
14.2. Smart Biosensor Distributors and Customers
14.3. Smart Biosensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott Point of Care Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medtronic Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hoffman La-Roche Ltd.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Siemens Healthcare AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lifescan, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LifeSensors Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nova Biomedical Corp.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Acon Laboratories Inc.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Universal Biosensors
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Pharmaco-Kinesis Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Biacore
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
