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Biosensors Market is Expected to Reach USD 18.9 Billion Globally in 2018: Transparency Market Research

Biosensors Market is Expected to Reach USD 18.9 Billion Globally in 2018: Transparency Market Research

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According to a new market report published by Transparency Market Research "Biosensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," in 2011, the global biosensors market was valued at USD 9.9 billion and it is expected to grow at a CAGR of 9.6% from 2012 to 2018 to reach a market of USD 18.9 billion by 2018.

Browse the full report at : http://www.transparencymarketresearch.com/biosensors-market.html

According to a new market report published by Transparency Market Research "Biosensors Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," in 2011, the global biosensors market was valued at USD 9.9 billion and it is expected to grow at a CAGR of 9.6% from 2012 to 2018 to reach a market of USD 18.9 billion by 2018.

Browse the full report at : http://www.transparencymarketresearch.com/biosensors-market.html

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Categories:Types, Brochures
Published by: Transparency Market Research on Jun 28, 2013
Copyright:Attribution Non-commercial

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According to a new market report published by Transparency Market Research
"BiosensorsMarket
 
-
 
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,2012
 
-
 
2018,"
in 2011, the global biosensors market was valued at USD 9.9 billion and it isexpected to grow at a CAGR of 9.6% from 2012 to 2018 to reach a market of USD 18.9billion by 2018.A biosensor is made up of two elements: a biological recognition unit which has the abilityto interact specifically with a target, and a transducer which is able to change the propertyof the solution or surface, due to formation, into a recordable signal. This recordable signalcan then be analyzed for a variety of applications including but not limited to immunology,detection of specific compounds or specific biological organisms. The key applications forbiosensors are found in healthcare, industrial process control and biodefense. Newapplications are also being discovered as biosensors become smaller, more user-friendlyand are able to detect multiple targets.Since healthcare, more specifically blood glucose testing for diabetics, forms the largestmarket for biosensors, it is critical for the growth of this segment. The unprecedentedgrowth in the world' saging population has led to a rise in the incidence of chronic diseases
Transparency Market Research
Single User License: US $ 4595Multi User License: US $ 7595Corporate User License: US $ 10595Buy Now Request Sample 
 
Published Date: June 2013
97 Paes Reort
 
Browse Report : Biosensors Market 
such as diabetes, cardiovascular diseases and cancer. According to the World DiabetesFoundation, it is estimated that approximately 285 million people accounting for 6.4% of theworld's adult population live with diabetes and the number is expected to grow to 438million by 2030 corresponding to 7.8% of the adult population. This increase in the agingpopulation, coupled with a rise in the incidence of diabetes, is expected to propel the growthof this market. Blood glucose testing sensors account for the largest share of the globalbiosensors market and the market for this application was valued at USD 4.7 billion in 2011and is expected to grow at a CAGR of 10.7% from 2012 to 2018.Although electrochemical biosensors currently account for the largest market by technology,the market for optical biosensors is the fastest growing segment and is expected to grow ata CAGR of over 10% from 2012 to 2018. The use of biosensors for non-medical applicationsis on a rise, and the ever increasing defense expenditures will ensure that the bio-defenseapplication of biosensors would have the highest growth in the forecast period.Geographically, North America constituted the largest market in the year 2011; however,the Asian region is anticipated to grow at the highest CAGR of more than 11% from 2012 to2018. This is mainly due to the rise in diabetic population, rise in disposable incomes of citizens (thereby leading to a rise in the incidence of lifestyle-related diseases) andincreasing awareness about new technologies for disease detection in the region. Favorablereimbursement policies and
 “
research funding
by governments in the region will alsoprovide the required impetus for the growth of the biosensors market.The global biosensors market is predominantly oligopolistic and ruled by eminent playersnamely, Roche Diagnostics, Abbott Diagnostics, Bayer Diagnostics and others.The global biosensors market has been segmented as follows:
Biosensors Market, by Technology
o
 
Electrochemical
o
 
Optical
o
 
Piezoelectric
o
 
Thermistors
Biosensors Market, by Applications
o
 
Medical Applications
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Blood glucose testing
o
 
Blood gas analyzers
o
 
Cholesterol testing
o
 
Infectious diseases
 
o
 
Pregnancy testing
o
 
Others
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Food Toxicity detection
o
 
Environmental
o
 
Industrial
o
 
Agricultural
o
 
Others
Biosensors Market, By End-users
o
 
Home diagnostics
o
 
Point of care testing
o
 
Research laboratories
o
 
Security & Bio-defense
o
 
Others
Biosensors Market, by Geography
 
o
 
North America
o
 
Europe
o
 
Asia
o
 
Rest of the World (RoW)
TABLE OF CONTENTSChapter 1 Introduction
1.1 Report Description1.2 Market Segmentation1.3 Scope of the Report1.4 Research Methodology1.4.1 Sources1.4.1.1 Secondary Research

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