Global Biosensors Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Biosensors Market.
Companies Mentioned are Abbott Laboratories, Bayer, LifeScan, F. Hoffmann-La Roche, ACON, Biotest Medical, Biosensors International Group, CONTEC MEDICAL SYSTEMS, i-SENS, Optiscan, Nipro Diagnostics, TaiDoc, and URIT Medical.
The global Biosensors market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.
Major points covered in Global Biosensors Market 2017 Research are:-
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global Biosensors market?
- What are the key market trends impacting the growth of the global Biosensors market?
- What are the challenges to market growth?
- Who are the key vendors in the global Biosensors market?
- What are the market opportunities and threats faced by the vendors in the global Biosensors market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global Biosensors market?
This independent 70 page report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Biosensors market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Biosensors in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.
The report provides a basic overview of the Biosensors industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.
Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Biosensors industry development trends and marketing channels are analyzed.
The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry
Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is increased availability of disposable biosensors. The demand for disposable medical biosensors is increasing as they are more cost-effective, give more accurate results, and because they reduce the scope of contamination. An increasing number of vendors are now focusing on the development disposable biosensors.”
According to the report, one of the major drivers for this market is shift toward home testing. The improvements in the healthcare sector have been driving factors for this market. It has been found that people are now more interested in home diagnosis rather hospital or clinic diagnosis. This is mainly because of increased employment rate, where people want to save time that would be spent in testing in hospitals, and are therefore opting for POCT or testing at home. Vendors are focused on manufacturing home testing products in accordance with customer needs. Moreover, awareness has increased for conditions such as diabetes, obesity, cholesterol, and blood sugar for which demand for these kinds of products has increased; people are opting for them as a precautionary measure to intercept the development of the said conditions.
Further, the report states that one of the major factors hindering the growth of this market is high cost of devices. While in established markets these devices may not cost much, in rural areas, where healthcare infrastructure is not so established, these products might not reach the market so easily. Even if supply chain is made accessible to the market, the cost of using such devices may be out of reach for the majority of the rural populaton. This is especially true in APAC and certain regions in EMEA, where healthcare is not state funded. Therefore, while the opportunity exists to use such devices, the cost of these devices needs to be subsidized heavily in order to reach a significant population in these areas.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
A biosensor is used to identify an analyte that combines a biological component with a physicochemical detector component. An analytical device that is used to analyze a sample for the presence of a specific compound or analyte is known as a sensor. It utilizes biological materials to specifically interact with an analyte.
MIR analysts forecast the global biosensors market to grow at a CAGR of 8.19% during the period 2017-2021.
data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Biosensors on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Biosensors Market and assist manufacturers and investment organization to better grasp the development course of Biosensors Market.