The global biosensors market size was estimated at USD 49.78 billion in 2022 and is expected to surpass around USD 70.22 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 3.5% during the forecast period 2023 to 2032.
Key Pointers:
The electrochemical segment dominated the market and captured the largest revenue share of around 72.1% in 2022.
The medical segment dominated the market and accounted for the largest revenue share of around 69.7% in 2022.
The agriculture segment is expected to witness the fastest CAGR during the projection period.
The point-of-care testing segment led the market and accounted for a revenue share of roughly 50.8% in 2022.
The food industry segment is anticipated to witness the fastest growth over the forecast period.
North America held the largest revenue share of around 40.8% in 2022
Biosensors Market Report Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 51.53 billion |
| Market Size by 2032 | USD 70.22 billion |
| Growth Rate from 2023 to 2032 | CAGR of 3.5% |
| Base Year | 2022 |
| Forecast Period | 2023 - 2032 |
| Segments Covered | type, product, technology, application, end user and region |
| Key companies profiled | Bio-Rad Laboratories Inc.; Medtronic; Abbott Laboratories; Biosensors International Group Ltd.; Pinnacle Technologies Inc.; Ercon, Inc.; DuPont Biosensor Materials; Johnson & Johnson; Koninklijke Philips N.V.; LifeScan, Inc.; QTL Biodetection LLC; Molecular Devices Corp.; Nova Biomedical; Molex LLC TDK Corporation; Zimmer & Peacock AS; Siemens Healthcare |
Biosensor demand is increasing due to a variety of medical applications, a growing diabetes population, a high need for tiny diagnostic devices, and quick technological improvements. Accurate and early disease diagnosis is critical for a positive disease prognosis and patient survival. The demand for disposable, user-friendly, and cost-effective devices with quick response times has skyrocketed in recent years. These devices have made rapid progress in the medical field due to their ability to meet these criteria through an interdisciplinary combination of approaches from chemistry, nanotechnology, and medical science.
The primary driving reasons for market growth are many applications in the medical/healthcare sector, increased demand in the bioprocessing industry, and the rapid technological advancements in the drug screens area due to the COVID-19 pandemic. Furthermore, due to the COVID-19 outbreak, the biosensor industry has experienced rapid expansion in recent years due to the expanding number of hospitals around the world which will result in high adoption of biosensors because they are cost-effective and time-saving, which are driving the biosensor market.
According to the FDA, surging demand for home-based point of care devices due to the COVID-19 pandemic will provide lucrative opportunities for market growth in the near future. Over the forecast period, technological advancements are expected to be a crucial driver in the growth of the market. For example, the U.K. established the Defense and Security Accelerator (DASA) competition, a wide-area biosensor competition, in April 2020. This competition aims to provide cutting-edge technology for Phase 2 of the Wide-area Biosensor Program, which will locate and detect harmful biological pathogens in the field. In April 2020, for example, Australian researchers developed the world's first biosensor capable of monitoring changes in pH levels in cancer and stroke patients. Furthermore, growing demand for biosensors in drug development and bioreactors is likely to drive market expansion in the near future, owing to biosensors' increasing technological capabilities.
Some of the prominent players in the Biosensors Market include:
Chapter 1. Introduction
1.1 Market Segmentation and Scope
1.1.1 Type
1.1.2 Product
1.1.3 Technology
1.1.4 Application
1.1.5 End User
1.1.6 Regional Scope
1.1.7 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information procurement
1.3.1 Purchased Database:
1.3.2 nova one advisor’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.10.3 Objective 3
1.10.4 Objective 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Biosensors Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer Behavior Analysis
3.3.2 Market Influencer Analysis
3.4 List of Key End Users
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.2 Market Restraints Analysis
3.6 Biosensors: Market Analysis Tools
3.6.1 Industry Analysis - Porter’s
3.6.2 Swot Analysis, By Pest
3.7 Impact of COVID-19 on Market
Chapter 4 Biosensors Market: Segment Analysis, By Type, 2023 - 2032
4.1 Definition and Scope
4.2 Type Market Share Analysis, 2021 & 2032
4.3 Segment Dashboard
4.4 Global Biosensors Market, by Type, 2023 to 2032
4.5 Market Size & Forecasts and Trend Analyses, 2023 to 2032
4.5.1 Sensor Patch
4.5.1.1 Sensor Patch Market, 2023 - 2032
4.5.2 Embedded Device
4.5.2.1 Embedded Device Market, 2023 - 2032
Chapter 5 Biosensors Market: Segment Analysis, By Product, 2023 - 2032
5.1 Definition and Scope
5.2 Product Market Share Analysis, 2021 & 2032
5.3 Segment Dashboard
5.4 Global Biosensors Market, by Product, 2023 to 2032
5.5 Market Size & Forecasts and Trend Analyses, 2023 to 2032
5.5.1 Wearable Biosensors
5.5.1.1 Wearable Biosensors Market, 2023 - 2032
5.5.2 Non-Wearable Biosensors
5.5.2.1 Non-Wearable Biosensors Market, 2023 - 2032
Chapter 6 Biosensors Market: Segment Analysis, By Technology, 2023 - 2032
6.1 Definition and Scope
6.2 Technology Market Share Analysis, 2021 & 2032
6.3 Segment Dashboard
6.4 Global Biosensors Market, by Technology, 2023 to 2032
6.5 Market Size & Forecasts and Trend Analyses, 2023 to 2032
6.5.1 Thermal
6.5.1.1 Thermal Market, 2023 - 2032
6.5.2 Electrochemical
6.5.2.1 Electrochemical Market, 2023 - 2032
6.5.3 Piezoelectric
6.5.3.1 Piezoelectric Market, 2023 - 2032
6.5.4 Optical
6.5.4.1 Optical Market, 2023 - 2032
Chapter 7 Biosensors Market: Segment Analysis, By Application, 2023 - 2032
7.1 Definition and Scope
7.2 Application Market Share Analysis, 2021 & 2032
7.3 Segment Dashboard
7.4 Global Biosensors Market, by Application, 2023 to 2032
7.5 Market Size & Forecasts and Trend Analyses, 2023 to 2032
7.5.1 Medical
7.5.1.1 Medical Market, 2023 - 2032
7.5.1.1.1 Cholesterol
7.5.1.1.1.1 Cholesterol Market, 2023 - 2032
7.5.1.2.1 Blood Glucose
7.5.1.2.1.1 Blood Glucose Market, 2023 - 2032
7.5.1.3.1 Blood Gas Analyzer
7.5.1.3.1.1 Blood Gas Analyzer Market, 2023 - 2032
7.5.1.4.1 Pregnancy Testing
7.5.1.4.1.1 Pregnancy Testing Market, 2023 - 2032
7.5.1.5.1 Drug Discovery
7.5.1.5.1.1 Drug Discovery Market, 2023 - 2032
7.5.1.6.1 Infectious Disease
7.5.1.6.1.1 Infectious disease market, 2023 - 2032
7.5.2 Food Toxicity
7.5.2.1 Food Toxicity Market, 2023 - 2032
7.5.3 Bioreactor
7.5.3.1 Bioreactor Market, 2023 - 2032
7.5.4 Agriculture
7.5.4.1 Agriculture Market, 2023 - 2032
7.5.5 Environment
7.5.5.1 Environment Market, 2023 - 2032
Chapter 8 Biosensors Market: Segment Analysis, By End User, 2023 - 2032
8.1 Definition and Scope
8.2 Application Market Share Analysis, 2021 & 2032
8.3 Segment Dashboard
8.4 Global Biosensors Market, by End User, 2023 to 2032
8.5 Market Size & Forecasts and Trend Analyses, 2023 to 2032
8.5.1 Home Healthcare Diagnostics
8.5.1.1 Home Healthcare Diagnostics Market, 2023 - 2032
8.5.2 Poc Testing
8.5.2.1 Poc Testing Market, 2023 - 2032
8.5.3 Food Industry
8.5.3.1 Food Industry Market, 2023 - 2032
8.5.4 Research Laboratories
8.5.4.1 Research Laboratories Market, 2023 - 2032
8.5.5 Security & Bio-Defense
8.5.5.1 Security & Bio-Defense Market, 2023 - 2032
Chapter 9 Biosensors Market: Regional Market Analysis, By Type, By Product, By Technology Type, By Application and By End Use, 2023 - 2032
9.1 Definition & Scope
9.2 Regional Market Share Analysis, 2021 & 2032
9.3 Regional Market Dashboard
9.4 Regional Market Snapshot
9.5 Market Size, & Forecasts, Volume and Trend Analysis, 2021 to 2032
9.6 North America
9.6.1 North America Biosensors Market, 2023 - 2032
9.6.2 U.S.
9.6.2.1 U.S. Biosensors Market, 2023 - 2032
9.6.3 Canada
9.6.3.1 Canada Biosensors Market, 2023 - 2032
9.7 Europe
9.7.1 Europe Biosensors Market, 2023 - 2032
9.7.2 Uk
9.7.2.1 Uk Biosensors Market, 2023 - 2032
9.7.3 Germany
9.7.3.1 Germany Biosensors Market, 2023 - 2032
9.7.4 France
9.7.4.1 France Biosensors Market, 2023 - 2032
9.7.5 Italy
9.7.5.1 Italy Biosensors Market, 2023 - 2032
9.7.6 Spain
9.7.6.1 Spain Biosensors Market, 2023 - 2032
9.7.7 Russia
9.7.7.1 Russia Biosensors Market, 2023 - 2032
9.7.8 Belgium
9.7.8.1 Belgium Biosensors market, 2023 - 2032
9.7.9 Switzerland
9.7.9.1 Switzerland Biosensors Market, 2023 - 2032
9.7.10 Netherlands
9.7.10.1 Netherlands Biosensors market, 2023 - 2032
9.8 Asia Pacific
9.8.1 Asia Pacific Biosensors Market, 2023 - 2032
9.8.2 Japan
9.8.2.1 Japan Biosensors Market, 2023 - 2032
9.8.3 China (Mainland)
9.8.3.1 China (Mainland) Biosensors Market, 2023 - 2032
9.8.4 India
9.8.4.1 India Biosensors Market, 2023 - 2032
9.8.5 Australia
9.8.5.1 Australia Biosensors Market, 2023 - 2032
9.8.6 South Korea
9.8.6.1 South Korea Biosensors Market, 2023 - 2032
9.8.7 Indonesia
9.8.7.1 Indonesia Biosensors Market, 2023 - 2032
9.9 Latin America
9.9.1 Latin America Biosensors Market, 2023 - 2032
9.9.2 Brazil
9.9.2.1 Brazil Biosensors Market, 2023 - 2032
9.9.3 Mexico
9.9.3.1 Mexico Biosensors Market, 2023 - 2032
9.9.4 Argentina
9.9.4.1 Argentina biosensors market, 2023 - 2032
9.9.5 Colombia
9.9.5.1 Colombia Biosensors Market, 2023 - 2032
9.10 MEA
9.10.1 MEA Biosensors Market, 2023 - 2032
9.10.2 South Africa
9.10.2.1 South Africa Biosensors Market, 2023 - 2032
9.10.3 Saudi Arabia
9.10.3.1 Saudi Arabia Biosensors Market, 2023 - 2032
9.10.4 UAE
9.10.4.1 UAE Biosensors Market, 2023 - 2032
9.10.5 Turkey
9.10.5.1 Turkey biosensors market, 2023 - 2032
Chapter 10 Biosensors Market - Competitive Analysis
10.1 Recent Developments & Impact Analysis, by Key Market Participants
10.2 Company Categorization
10.2.1 Innovators
10.2.2 Market Leaders
10.3 Vendor Landscape
10.3.1 Key Company Market Share Analysis, 2021
10.3.2 Major Deals And Strategic Alliances
10.3.2.1 New Product Launch
10.3.2.2 Expansion
10.3.2.3 Acquistion
10.3.3 Market Entry Strategies
10.4 Company Profiles
10.4.1 BIO-RAD LABORATORIES INC.
10.4.1.1 Company overview
10.4.1.2 Financial Performance
10.4.1.3 Product benchmarking
10.4.1.4 Strategic initiatives
10.4.2 MEDTRONIC
10.4.2.1 Company overview
10.4.2.2 Financial Performance
10.4.2.3 Product benchmarking
10.4.2.4 Strategic initiatives
10.4.3 ABBOTT LABORATORIES
10.4.3.1 Company overview
10.4.3.2 Financial performance
10.4.3.3 Product benchmarking
10.4.3.4 Product benchmarking
10.4.4 BIOSENSORS INTERNATIONAL GROUP, LTD.
10.4.4.1 Company overview
10.4.4.2 Financial performance
10.4.4.3 Product benchmarking
10.4.4.4 Strategic initiatives
10.4.5 PINNACLE TECHNOLOGIES INC.
10.4.5.1 Company overview
10.4.5.2 Financial performance
10.4.5.3 Product benchmarking
10.4.5.4 Strategic initiatives
10.4.6 ERCON, INC.
10.4.8.1 Company overview
10.4.8.2 Financial performance
10.4.8.3 Product benchmarking
10.4.8.4 Strategic initiatives
10.4.7 DUPONT BIOSENSOR MATERIALS
10.4.7.1 Company overview
10.4.7.2 Financial performance
10.4.7.3 Product benchmarking
10.4.7.4 Strategic initiatives
10.4.8 JOHNSON & JOHNSON
10.4.8.1 Company overview
10.4.8.2 Financial performance
10.4.8.3 Product benchmarking
10.4.8.4 Strategic initiatives
10.4.9 KONINKLIJKE PHILIPS N.V.
10.4.9.1 Company overview
10.4.9.2 Financial performance
10.4.9.3 Product benchmarking
10.4.9.4 Strategic initiatives
10.4.10 LIFESCAN, INC.
10.4.10.1 Company overview
10.4.10.2 Financial performance
10.4.10.3 Product benchmarking
10.4.10.4 Strategic initiatives
10.4.11 QTL BIODETECTION LLC.
10.4.11.1 Company overview
10.4.11.2 Financial performance
10.4.11.3 Product benchmarking
10.4.11.4 Strategic initiatives
10.4.12 MOLECULAR DEVICES CORPORATION
10.4.12.1 Company overview
10.4.12.2 Financial performance
10.4.12.3 Product benchmarking
10.4.12.4 Strategic initiatives
10.4.13 NOVA BIOMEDICAL
10.4.13.1 Company overview
10.4.13.2 Financial performance
10.4.13.3 Product benchmarking
10.4.13.4 Strategic initiatives
10.4.14 MOLEX LLC
10.4.14.1 Company overview
10.4.14.2 Financial performance
10.4.14.3 Product benchmarking
10.4.14.4 Strategic initiatives
10.4.15 TDK CORPORATION
10.4.15.1 Company overview
10.4.15.2 Financial performance
10.4.15.3 Product benchmarking
10.4.15.4 Strategic initiatives
10.4.16 ZIMMER & PEACOCK AS
10.4.16.1 Company overview
10.4.16.2 Financial performance
10.4.16.3 Product benchmarking
10.4.16.4 Strategic initiatives
10.4.17 SIEMENS HEALTHCARE
10.4.17.1 Company overview
10.4.17.2 Financial performance
10.4.17.3 Product benchmarking
10.4.17.4 Strategic initiatives
Cross-segment Market Size and Analysis for Mentioned Segments
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