TechNavio Says a Number of Biomedical Applications Will Encourage Growth in the Global Chemical Sensor Market by 2019

LONDON--()--The Global Chemical Sensor Market will grow at a CAGR of 11.35 percent from 2015-2019, according to a new report from research firm TechNavio.

Chemical sensors are essential for analyzing the chemical composition of a sample in industries ranging from automotive to medical, industrial and environmental. The sensors consist of a receptor and transducer that operate on a real-time basis and are controlled by kinetics and thermodynamic chemical reactions.

Demand for quick, accurate diagnosis in the medical sector is expected to be a developing trend in the market over the next four years.

“Chemical sensors help record patient data, and are being used in blood sugar testing strips, portable glucose monitors, renal failure diagnosis, drug and alcohol abuse diagnosis, cancer diagnosis, and fertility treatments,” says Faisal Ghaus, Vice President of TechNavio.

Emerging developments in technology are also expected to increase the market penetration of chemical sensors and provide better solutions in end-user industries. Manufacturers are introducing new cost-effective, portable and miniaturized variations of sensors that provide better integration with measurement systems.

“The market is highly fragmented with the presence of several large vendors like Abbott Laboratories, Bayer, Bosch, Johnson & Johnson, NGK and Roche, which have vast geographical presences with huge production facilities worldwide,” says Ghaus.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com

Release Summary

The Global Chemical Sensor Market is expected to grow at a CAGR of 11.35 percent from 2015-2019, according to a new report from research firm TechNavio.

Contacts

TechNavio Research
Jes Ellacott, Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com
media@technavio.com