Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc., has released its latest report, on Biosensors Market , which projects the demand for the same be estimated at US$30.6 billion in 2024 and projected to reach US$49.6 billion by 2030 at a CAGR of 8.4% between the two years. Some of the factors instrumental in driving demand for Biosensors include proliferation of wearable biosensor technology, comprising smartwatches and fitness trackers that allow continuous monitoring of vital signs and other health parameters by providing real-time data. The applications of biosensors in point-of-care (PoC) testing are also growing at an impressive rate due to providing the option of rapid and convenient diagnostics as against conventional laboratory settings. Miniaturized and highly sensitive biosensors are now being developed with the use of nanotechnology with materials, such as nanoparticles and nanowires, which enhance the surface area and reactivity of biosensors to offer improved detection capabilities. Anot...

Industry Experts released the 2017 version of its global market report on Biosensors. The new report entitled " Biosensors – A Global Market Overview " reveals that the Security & Biodefense is projected the fastest growing Biosensors application area with a CAGR of 10.8% over the same period 2017-2022. Biosensors have penetrated fields as diverse as medical, environmental, food processing and biodefense, with each of these areas showing impressive growth. Also, an unabated increase in chronic and lifestyle-related diseases has compelled individuals to adopt biosensors in order that their health status can remain under constant monitoring. Biosensors lend themselves to be customized for monitoring a number of biomarkers that is highly useful in monitoring and detecting several diseases. Growing accuracy of biosensors is further expected to expand the scope of applications, leading to an increase in potential demand for them. Global Biosensors market is expected to r...