Persistence Market Research: Global Biosensor Market to Grow at 9.7% CAGR to USD 22.5 Billion by 2020

NEW YORK--()--Persistence Market Research (www.persistencemarketresearch.com) has published a new market report titled “Global Market Study on Biosensors: Asia Pacific to Witness Highest Growth by 2020,” which states that the biosensor market is estimated at USD 12.9 billion in 2014 and is expected to reach USD 22.5 billion by 2020, growing at a CAGR of 9.7% from 2014 to 2020.

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Market Dynamics:

The study identifies key growth factors as: Increasing demand for point-of-care testing, rising prevalence of chronic and lifestyle-induced diseases, growing geriatric population, increasing uses of biosensors in various industries, and growing application of nanotechnology in healthcare. Miniaturization of sensors and product innovation are some of the key market trends. Geographically, North America has the largest market for biosensors, followed by Europe. Asia Pacific is the fastest-growing market for biosensors. Some of the other fast growing markets for biosensors are China, France and the U.S.

Hoffmann-La Roche, Ltd. is one of the leading players in the biosensor market. Other major players in the biosensor market include: Abbott Laboratories, Inc, Siemens Healthcare, Nova Biomedical Corporation, Bayer AG, Johnson and Johnson, Medtronic, Inc. and LifeSensors, Inc.

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Markets covered

The study analyzes the global biosensor market by technology, application, end users and geography. By technology, the study covers: Electrochemical biosensors, optical biosensors, piezoelectric biosensors and thermistor biosensors. Growing at a 10.7% CAGR, optical biosensors will likely emerge as the fastest growing segment in the biosensor market by 2020.

By application, the study covers: Medical diagnostics, food toxicity detection, industrial process control, agricultural testing and environmental. By end users, the study covers: Point-of-care testing, home healthcare diagnostics, research laboratories, and security and bio-defense.

Related Published Report:

Healthcare Information Systems Market - The global healthcare information systems market was valued at USD 35.2 billion in 2013.

http://www.persistencemarketresearch.com/market-research/healthcare-information-systems-market.asp

About Us

Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries.

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Release Summary

Global Biosensor Market Will Reach US $22.5 Billion in 2020 by Persistence Market Research

Contacts

Persistence Market Research
Addie Thomas, +1-646-568-7751
USA - Canada Toll Free: 1-800-961-0353
sales@persistencemarketresearch.com
Articles: http://www.persistencemarketresearch.com/articles.asp