According to Goldstein Research, Global biosensors market is expected to grow at a CAGR of 7.68% over the forecast period 2016-2024 from USD 15.85 billion in 2016, to reach USD 28.67 billion by 2024. Huge investment in research & development of medical sector is one of the primary growth factors for biosensors market. Moreover, rise in chronic health issues and cardiovascular diseases are raising awareness among consumers to incline towards sensitive testing biosensors. biosensors market segmentation has been done on the basis of technology, product type, application, end user and geography.
Biosensors Market segmentation based on technology, electrochemical technology segment accounted for highest market share of 70% in 2017, and is expected to surpass USD 20 billion by the end of 2024. Also wide range of sensors used in monitoring and detection of severe health conditions mainly diabetes and cancer treatment is boosting the growth of global biosensors market. Further, Asia Pacific biosensors market is expected to grow at a CAGR of 10.8% over the forecast period i.e. 2016 to 2024. In Europe region, inclination towards healthy lifestyle and acceptance towards technologically advanced medical products by patients are some of the driving factors which are expanding the growth of Europe biosensors market.
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Market Segmentation
On the basis of our in-depth analysis, Global Biosensors Market can be segmented and sub-segmented as follows:
Biosensors Market, Based on Technology
Electrochemical
• Piezoelectric Biosensors
• Optical Biosensors
• Thermal Biosensors
• Others (Nano-mechanical, etc)
Biosensors Market, Based on Product Type
• Wearable Biosensors
• Non-wearable Biosensors
Biosensors Market, Based on Application
• Medical Testing
• Food & Beverage Toxicity Testing
• Environment Monitoring
• Bioreactor Testing
• Agriculture Testing
Biosensors Market, Based on End-User
• Healthcare Sector
• Defense Sector
• Food & Beverages Industry
• Agriculture Sector
Biosensors Market, Based on Geography
• North America (United States, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Biosensors Market Outlook 2024” contains a detailed overview of the Global biosensors market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, product type, application and end user.
Further, for the in-depth analysis, Global Biosensors Market Report technology and end-user encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as Medtronic, Inc., Abbott Point of Care Inc., Hoffmann-La Roche Ltd., Nova Biomedical Corporation, Siemens Healthcare, GE Healthcare, Innovative Biosensors Inc., Bio-Rad Laboratories Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Objective of Report:
• To analyze and forecast market size of biosensors market.
• To calculate the expected growth rate of biosensors market.
• To classify and forecast biosensors market based on technology, product type, application, end user and geography.
• To identify market key players, driving factors, & trends of biosensors market with the help of SWOT Analysis.
• To identify and analyze the profiles of leading players involved in the manufacturing and supplying of biosensors market.
• To identify market opportunities for the existing and entry level players.

Overall, the report represents the global biosensors market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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