Biosensors Market: Rising Demand for Point of Care Testing to Provide Rich Market Opportunity

-
The global biosensors market is predicted to witness vigorous growth in forthcoming years, according a report by Transparency Market Research (TMR). Currently, the global biosensors market is consolidated due to the involvement of few top organizations. Several emerging biopharmaceutical companies are expected to foresee great development in the field of biosensors monitoring devices. Leading companies in the global biosensors market are enforcing better product quality to sustain the growth in demand from various biosensor applications. Some of the leading companies in the global biosensors market are Abbott Point of Care, Inc., LifeScan, Inc., AgaMatrix, Inc., LifeSensors, Inc., Nova Biomedical Corporation, Medtronic, Inc., F. Hoffmann-La Roche Ltd., Animas Corporation, and Siemens Healthcare.

TMR’s report predicts that the global biosensors market is predicted to progress from US$12.4 bn in 2013 to US$21.6 bn by 2020, and is expected to rise at a healthy 8.10% CAGR over the forecast period.

The segment of electrochemical biosensors represented a leading market share of more than 70% of the worldwide biosensors market in 2013. The segment is anticipated to keep up its dominant position over the forecast period 2014 to 2020. Factors that have contributed toward the large share electrochemical biosensors segment in the global biosensors market are the growing applications for the discovery and early determination of a few diseases, for instance, diabetes and tuberculosis. Furthermore, electrochemical biosensors have become extremely popular among the scientists because of appeal from the worldwide market for the determination of the substance of an organic example.


Early and exact disease determination or diagnostics is basic for survival of the patient and fruitful anticipation of the disease. In the current years, the demand for dispensable, straightforward, cost-productive, and easy to understand equipment with quick reaction time has risen widely. Biosensors attributable to their capability to satisfy these criteria through an interdisciplinary blend of methodologies from restorative science, science, and nanotechnology have paved a way for the product swiftly in the therapeutic field.

Biosensors for estimating blood metabolites, for example, lactate, glucose, creatinine, and urea, utilizing both optical and electrochemical methods of transduction, are as a rule routinely utilized for the purpose of care testing, research centers, and for self-testing on account of glucose checking. Biosensors have applications in different segment in the health care industry.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more