According to a market report by Lucintel, the future of the biosensor market looks promising with opportunities in the point of care (POC), home diagnostics, research labs, biodefense, environmental monitoring, and food and beverages industries. The biosensor market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are emergence of nanotechnology-based biosensors, significant technological advancements, increasing use of biosensors to monitor glucose levels in individuals with diabetes, and increased demand for home-based POC devices.
In this market, electrochemical biosensors, piezoelectric biosensors, optical biosensors, thermal biosensors, and nano-mechanical biosensors are the major sensor types. Within the biosensor market, point of care, home diagnostics, research labs, biodefense, environmental monitoring, and food and beverages are the major end use industries. Wearable biosensors and non-wearable biosensors are the major application types.
F. Hoffman-LA Roche, Abbott Point of Care, Medtronic, Universal Biosensors, Dupont, Sysmex Corporation, Bio-Rad Laboratories, Pharmaco-Kinesis, Nova Biomedical, and are among the major manufacturers of biosensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biosensor market by application, sensor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Biosensor Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the biosensors market by application, sensor type, end use industry, and region as follows:
By Sensor Type [$M Shipment Analysis from 2013 to 2024]:
• Electrochemical Biosensors
• Piezoelectric Biosensors
• Optical Biosensors
• Thermal Biosensors
• Nanomechanical Biosensors
• Others
By Application [$M Shipment Analysis from 2013 to 2024]:
• Wearable Biosensors
• Non-Wearable Biosensors
By End Use Industry [$M Shipment Analysis from 2013 to 2024]:
• Point of Care
• Home Diagnostics
• Research Labs
• Biodefense
• Environmental Monitoring
• Food & Beverages Industry
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the biosensors market, by end use industry (point of care, home diagnostics, research labs, biodefense, environmental monitoring, food & beverages industry), sensor type (electrochemical biosensors, piezoelectric biosensors, optical biosensors, thermal biosensors, Nano mechanical biosensors), end use industry (wearable biosensors, non-wearable biosensors), region (North America, Europe , Asia pacific, and Rest of the world)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the biosensors market?
Q.5 What are the business risks and threats to the biosensors market?
Q.6 What are emerging trends in this biosensors market and the reasons behind them?
Q.7 What are some changing demands of customers in the biosensors market?
Q.8 What are the new developments in the biosensors market? Which companies are leading these developments?
Q.9 Who are the major players in this biosensors market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this biosensors area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this biosensors market?