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Category: Medical Devices (Page 1 of 52)

Hernia Mesh Devices Market Industry Trends, Revenue Growth And Forecast To 2025 : Grand View Research Inc.

San Francisco, 22 March 2019: The Report Hernia Mesh Devices Market By Hernia Type (Inguinal Hernia, Incisional Hernia, Femoral Hernia, Others), By Mesh Type (Biologic Mesh, Synthetic Mesh), By Region, And Segment Forecasts, 2018 – 2025

The global Hernia Mesh Devices Market is expected to reach USD 5.03 billion by 2025, based on a new report by Grand View Research, Inc. The market is expected to grow over the forecast period owing to increase in incidence of hernia, high adoption of meshes in surgeries due to factors such as cost-effectiveness, reduced pain, reduced operative time, and high availability of products in the market. 

The reimbursement scenario for hernia mesh is favorable, which encourages patients to opt for open or laparoscopic surgery. Patients have easy access to detailed reimbursement codes and ratios, which are made available by government and industry players. The codes are granulated to types of hernias, (primary or recurrent) and method of surgery (open or laparoscopic).

Furthermore, technological advancements and new products introduction, such as TELA Bio, are driving the overall market growth. In 2010, PROCEED Ventral Patch (PVP) device was launched by Ethicon for the treatment of umbilical hernia. In 2016, GORE SYNECOR biomaterial, a product of W. L. Gore & Associates, was approved by FDA as a repair solution for ventral hernia.

Access Research Report of Hernia Mesh Devices Market @ www.grandviewresearch.com/industry-analysis/hernia-mesh-devices-market

Further Key Findings from the Study Suggest:

  • Biological surgical meshes is the fastest growing segment owing to high price of the products and increased preference for these products by healthcare professionals and patients
  • In February 2016, an EU-funded Green Nano Mesh was launched for bio-based, eco-friendly treatment of hernia that would cause less harm to patients
  • Geographically, North America held the largest market share in 2016 and is expected to maintain its position during the forecast period. Factors responsible for the large market share are high incidence of the target disorder and high adoption of surgical meshes as a treatment option
  • Asia Pacific is also expected to witness rapid growth over the forecast period. Growing awareness about the target disorder and improved access to healthcare drives the growth in this region
  • The 13th International Congress of Asia Pacific Hernia Society is intended to be held in China in September 2017
  • Some of the key players in the hernia mesh market are Medtronic; Ethicon, Inc., C. R. Bard, Inc.; Atrium Medical; and B. Braun Melsungen AG.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the hernia mesh devices market by hernia type, mesh type and region:

Hernia Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Inguinal Hernia
  • Incisional Hernia
  • Femoral Hernia
  • Others

Mesh Type Outlook (Market Revenue in USD Million, 2014 – 2025)

  • Biologic Mesh
  • Synthetic Mesh

Regional Outlook (Market Revenue in USD Million, 2014 – 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Access Press Release of Hernia Mesh Devices Market www.grandviewresearch.com/press-release/global-hernia-mesh-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Angiography Devices Market Projected To Expand At USD 16.2 Billion By 2026 : Grand View Research Inc.

San Francisco, 22 March 2019: The Report Angiography Devices Market Size, Share & Trends Analysis Report By Technology (X-Ray, MRA, CT), By Product (Angiography Systems, Contrast Media), By Procedure, By Application, And Segment Forecasts, 2019 – 2026

The global Angiography Devices Market size is expected to reach USD 16.2 billion by 2026, according to a new report by Grand View Research, Inc. The market is expected to witness an exponential CAGR of 6.5% over the forecast period due to growing geriatric population, increasing prevalence of Cardiovascular Diseases (CVDs) with associated risk factors, technological advancements, and investments in the health tech sector. According to the World Health Organization (WHO) report, CVD is one of the leading causes of death in countries, such as U.S. and U.K.

Coronary Artery Disease (CAD) is the most prevalent form of CVD. Through Global Hearts Initiative, the WHO is supporting governments in controlling cardiovascular risk factors, such as hypertension and diabetes. All these factors are projected to boost the market expansion over the forecast period. Rapid development of the diagnostic imaging modalities providing better visualization and assessment of CVD is also likely to drive the angiography devices market in the years to come.

Geographically, North America held the largest market share in 2018 and is expected to maintain its position during the forecast period. Countries, such as Brazil and China, export the medical devices from U.S. owing to the high standard of quality. Due to favorable government regulations in developing countries, such as Japan and China, the Asia Pacific region is projected to expand at a healthy CAGR during the estimated period. For instance, reimbursement policy in Japan encourages the local manufacturers to provide advanced angiography diagnostic devices.

Access Research Report of Angiography Devices Market @ www.grandviewresearch.com/industry-analysis/angiography-device-market

Further key findings from the study suggest:

  •  Angiography systems led the market in 2018 owing to the advancements in technology and interventional procedures in Cath labs
  • In 2018, X-ray held the largest share of the market due to technological developments offering superior-quality and high-resolution images without increasing radiation dose
  • Coronary angiography led the procedure segment due to increased prevalence of Cardiovascular Diseases (CVDs)
  • In 2018, diagnostic angiography accounted for the largest share of the application segment due to the growing complexity of the diseases
  • Some key companies in the industry are GE Healthcare; Koninklijke Philips N.V.; Siemens Healthineers; Boston Scientific Corporation; Abbott Laboratories; B. Braun Melsungen; Medtronic, Inc.; Angiodynamics; Cordis Corporation; and Shimadzu Corporation.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global angiography equipment market on the basis of product, technology, procedure, application, and region:

Angiography Equipment Product Outlook (Revenue, USD Million, 2015 – 2026)

  • Angiography Systems
  • Catheters
  • Balloons
  • Guidewire
  • Contrast Media
  • Vascular Closure Devices
  • Angiography Accessories

Angiography Equipment Technology Outlook (Revenue, USD Million, 2015 – 2026)

  • X-ray
  • MRA
  • CT

Angiography Equipment Procedure Outlook (Revenue, USD Million, 2015 – 2026)

  • Coronary
  • Endovascular
  • Neurovascular

Angiography Equipment Application Outlook (Revenue, USD Million, 2015 – 2026)

  • Diagnostic
  • Therapeutic

Angiography Equipment Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Access Press Release of Angiography Devices Market www.grandviewresearch.com/press-release/global-angiography-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Artificial Tendons And Ligaments Market Industry Challenges, Key Vendors, Drivers, Trends And Forecast 2025 : Grand View Research Inc.

San Francisco, 22 March 2019: The Report Artificial Tendons and Ligaments Market Analysis Report By Application (Knee Injuries, Shoulder Injuries, Foot & Ankle Injuries), By End Use (Hospitals & Clinics, ASCs), And Segment Forecasts, 2019 – 2025

The global Artificial Tendons and Ligaments Market size is anticipated to reach USD 39.7 million by 2025 at an 11.3% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Adoption of artificial grafts is on a rise owing to several benefits over autologous and allogenic grafts, such as high tensile strength, no immune reaction, and abrasion resistance. Increase in number of sports injuries, coupled with rising government efforts to create awareness about sports injuries and available medical reimbursements, is anticipated to fuel market growth.

For instance, the Government of Finland in collaboration with UKK Institute has been conducting a ‘LiVE-program’ since 2016 to improve safety in sports increase awareness about injury risks, sports training, and content of physical activity sessions. Over the past several decades, increase in participation of children and adolescents has been observed in various sports such as football, soccer, bicycles, handball, basketball, and volleyball. Moreover, increase in awareness about physical fitness among people will contribute to market growth.

Other factors likely to contribute to market growth include rising preference for minimally invasive surgery, continuous advancements in surgical procedures, and growing funding and research activities to develop novel materials for synthetic tendons and ligaments. Moreover, positive outcomes reported through various clinical trials pertinent to usage of artificial ligaments will accelerate growth in the near future. For instance, according to a study published in 2017 in NCBI, patients treated with artificial ligament after femoral tumor resection and reconstruction procedures exhibited a more stable hip joint and more active range of movement as compared to patients who did not received a synthetic ligament.

Access Research Report of Artificial Tendons and Ligaments Market @ www.grandviewresearch.com/industry-analysis/artificial-tendons-ligaments-market

Further key findings from the report suggest:

  • The knee injuries segment held a major share in 2018 owing to increase in incidences of knee injuries, coupled with faster recovery observed with the use of artificial ligaments in comparison to autologous or allogenic grafts
  • The hospitals and clinics end-use segment is expected to hold a significant share during the forecast period. Growth of the segment can be attributed to higher readmission rate for treatment of ACL reconstruction procedures and collaborative activities between key players and orthopedic clinics to create awareness about artificial tendons and ligaments.
  • As of 2018, Europe accounted for the largest market share. Surge in number of sports injuries among young athletes, rising geriatric population prone to orthopedic disorders, and presence of key players in the region will boost the regional market
  • The U.K. artificial tendons and ligaments market is expected to grow substantially over the forecast period. This growth is predicted to be majorly driven by increasing adoption of artificial tendons and ligaments, rising incidence of accidents, R&D of innovative product design, and favorable patient demographics.
  • Growing healthcare expenditure, coupled with rising penetration of health insurance in Latin America and Asia Pacific countries such as China, India, Brazil, and Argentina are providing considerable growth opportunities to market players
  • Industry players have been involved R&D activities to deliver novel products in the market. Companies are also strategically involved in expanding their geographical presence through distribution agreements to expand their customer base.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global artificial tendons and ligaments market on the basis of application, end use, and region:

Artificial Tendons and Ligaments Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Knee Injuries
  • Shoulder Injuries
  • Foot and Ankle Injuries
  • Others

Artificial Tendons and Ligaments End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospitals and Clinics
  • Ambulatory Surgery Centers

Artificial Tendons and Ligaments Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Access Press Release of Artificial Tendons and Ligaments Market www.grandviewresearch.com/press-release/global-artificial-tendons-ligaments-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Data Aggregation to Dominate the Medical Terminology Software Market

According to the new market research report Medical Terminology Software Market by Application (Data Aggregation, Reimbursement, Decision Support, Clinical Trials), Product & Service (Services and Platforms), End User (Healthcare Provider, Payer, IT Vendor) – Global Forecast to 2024″, published by MarketsandMarkets™, the Medical Terminology Software Market is projected to reach USD 1,786 million by 2024 from USD 707 million in 2019, at a CAGR of 20.4% during the forecast period.

The growth in this market is driven by factors such as the rising focus on minimizing medical errors, government initiatives for HCIT adoption, and disparity and fragmentation in the terminology content of healthcare organizations. The increasing need to maintain data integrity is expected to provide further growth opportunities for market players in the coming years.

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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239939409The data aggregation segment to account for the largest market share in 2018

On the basis of application, the Medical Terminology Software Market is segmented into data aggregation, data integration, decision support, clinical guidelines, reimbursement, quality reporting, clinical trials, and public health surveillance. The data aggregation segment accounted for the largest share of the Medical Terminology Software Market in 2018. The large share of this segment can be attributed to the growing focus on reducing medical errors and the need to create a consistent and comprehensive data source and improve performance measurement and transparency in patient care.

The services segment is expected to dominate the Medical Terminology Software Market during the forecast period of 2019 to 2024

Based on product & service, the Medical Terminology Software Market is segmented into services and platforms. The services segment is expected to account for the largest share of the Medical Terminology Software Market in 2018. The large share of this segment can be attributed to the increasing demand for the standardization of patient data and the rising need to curb medical errors and the accumulation of large amounts of healthcare data.

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North America to dominate the Medical Terminology Software Market in 2018

North America is expected to account for the largest share of the Medical Terminology Software Market, followed by Europe and the Asia Pacific. The large share of North America is attributed to the high adoption of HCIT technologies, regulatory requirements regarding patient safety, the presence of leading market players in the region, and growing demand for accurate data exchange between healthcare providers and payers to streamline workflows.

Prominent players in the Medical Terminology Software Market are Wolters Kluwer (Netherlands), 3M (US), Intelligent Medical Objects (US), Apelon (US), Clinical Architecture (US), CareCom (Denmark), Bitac (Spain), B2i Healthcare (Hungary), BT Clinical Computing (Belgium), and HiveWorx (Ireland).

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What Are the Key Factors of Imaging Chemicals market To Growing Rapidly in Global industry?

The report  [125 pages]“Imaging Chemicals Market by Product Type (Printing Inks, Image Developers), Application (Printing & Packaging, Medical Diagnostics, Textile Processing), and Region (North America, Europe, APAC, MEA, and South America) – Global Forecast to 2022″ published by MarketsandMarkets™, the market size for imaging chemicals is estimated to grow from USD 22.08 Billion in 2017 to USD 29.97 Billion by 2022, at a CAGR of 6.3% from 2017 to 2022. The growth can be attributed to the increased demand for imaging chemicals from various applications, such as printing & packaging, medical diagnostics, and textile processing.

Purchase the report @: https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=123349015

The printing inks product type segment is projected to lead the Imaging Chemicals Market from 2017 to 2022. 

The printing inks segment is projected to lead the Imaging Chemicals Market during the forecast period. The growth can be attributed to the growth of the printing & packaging and textile processing applications.

The textile processing segment of the Imaging Chemicals Market is projected to grow at the highest CAGR between 2017 and 2022. 

The textile processing segment is projected to grow at the highest CAGR between 2017 and 2022. The growth can be attributed to the growing textile manufacturing industry.

The Imaging Chemicals Market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. 

The Imaging Chemicals Market in Asia Pacific is projected to grow at the highest CAGR between 2017 and 2022. China is the largest market for imaging chemicals in Asia Pacific. Increasing investments in the printing & packaging, textiles, and medical industries is driving the Imaging Chemicals Market in this region.

Key players operating in the imaging chemicals market include Fujifilm (Japan), The Eastman Kodak Company (US), Vivimed Labs (India), DIC Corp. (Japan), Flint Group (Germany), Sakata Inx (Japan), Toyo Ink SC (Japan), Siegwerk Druckfarben (Germany), and T&K Toka (Japan).

Early buyers will receive 10% customization on this report.

Don’t miss out on business opportunities in Imaging Chemicals Market.

Speak to Our Analyst and gain crucial industry insights that will help your business grow.

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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Medical Connectors | Know the Future Business and Market Growth in Global Medical Devices Industry

According to a new market research report “Medical Connectors Market by Product (Flat Silicone, Hybrid, Embedded, Radio Frequency, Push-Pull), Application (Patient Monitoring,Electro surgery, Endoscopy, Diagnostic Imaging, Respiratory, Dental Device) & by End User – Global Forecast to 2021″, published by MarketsandMarkets™, the market is projected to reach USD 2.69 Billion by 2021 from USD 1.63 Billion in 2016, at a CAGR of 10.5%.

The major factors driving the growth of this market are increasing incidence and prevalence of chronic diseases, rapid growth in the medical devices market, and growth in the home healthcare market, which results in increased adoption of miniaturized connectors and growing healthcare expenditure across the globe.

This report provides a detailed overview of the major drivers, restraints, trends, opportunities, and strategies impacting the medical connectors market along with the estimates and forecasts of the revenue and market share analysis.

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The medical connectors market is segmented based on products, application, end user, and region in this report. On the basis of products, the market is segmented into flat surgical silicone cables, embedded electronics connectors, radio-frequency connectors, disposable plastic connectors, hybrid circular connectors & receptacle system, power cords with retention system, lighted hospital-grade cords, magnetic medical connectors, and push-pull connectors. The flat surgical silicone cables segment is expected to grow at the highest CAGR during the forecast period. Increasing awareness about the application of connectors and its technical features are the factors driving the growth of this segment.

Browse and in-depth TOC on “Medical Connectors Market”
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132 – Pages

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By application, the market is classified into cardiology devices, diagnostic imaging devices, electrosurgical instruments, patient monitoring devices, endoscopy devices, respiratory devices, analyzers and processing instruments, dental instruments, neurology devices, enteral devices, and other applications. The patient monitoring devices segment is expected to grow at the highest CAGR during the forecast period due to increasing incidence of chronic diseases and increasing adoption of patient monitoring devices.

On the basis of region, North America accounted for the largest share in the market in 2016. However, in the coming five years, growth in the market is expected to be centered on Asia. The increasing prevalence and incidence rate of chronic disorders in Asia provides growth opportunities to players in the market. Key players are focusing on strategies such as product launches, acquisitions, and expansions to strengthen their foothold in the market.

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Key players in the market include Amphenol Corporation (U.S.), Delphi Automotive LLP. (U.K.), Esterline Corporation (U.S.), ITT Corporation (U.S.), Smiths Interconnect (U.K.), TE Connectivity Ltd. (Switzerland), Fisher Connectors (Switzerland), Lemo S.A. (Switzerland), Molex (U.S.), and Samtec (U.S.).

Medical Connectors Market by Product, Application & by End User – Global Forecast to 2021

Immunoassay Market Is Expected To Exceed USD 25.41 Billion By 2025: Grand View Research Inc.

San Francisco, 20 March 2019: The Report Immunoassay Market Size, Share & Trends Analysis Report By Product (Reagents & Kits, Software & Services), By Technology (RIA, EIA, Rapid Test), By Application, By End Use, And Segment Forecasts, 2019 – 2025

The global Immunoassay Market size is expected to reach USD 25.41 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.0% during the forecast period. Extensive usage of immunoassay techniques for detection of infectious and chronic diseases is the prime factor driving the growth. In addition, launch of novel products coupled with rapid technological advancements are anticipated to drive the market. For instance, Quidel Corporation received CE mark approval in 2018 for its product Sofia, which is a Quantitative Vitamin D Assay used with Sofia instrument.

Moreover, collaborations and partnerships among medical device giants are expected to provide new growth platforms for immunoassay techniques, such as radioimmunoassay, rapid tests, and enzyme immunoassays among others. For instance, Roche Diagnostics and GE Healthcare entered into a partnership to develop and market digital clinical decision systems in January 2018. This partnership aided in improving cancer and critical care.

Furthermore, automation has benefits such as efficiency and optimal usage of labor and space in laboratories. Thus, the immunoassay market is witnessing lucrative growth as some players are introducing automated laboratory systems, point-of-testing compact, and portable assay tests. For instance, launch of innovative products such as compact and portable ichroma II by Boditech Med, Inc., which is an FDA-approved fluorescence scanning instrument used for influenza screening.

North America held a significant market share in 2018, attributed to high R&D investments by pharmaceutical and medical device manufactures and favorable government insurance policies. For instance, in May 2018, a bill was approved by the U.S. congress, as per which an individual can try unproven medical aids, which includes drugs, medications, and devices, in case of severe illness.

Access Research Report of Immunoassay Market @ www.grandviewresearch.com/industry-analysis/immunoassay-market

Further key findings from the report suggest:

  •  Reagents and kits accounted for a significant market share of about 72.0% in 2018, owing to extensive application of the products
  • Closed-ended systems is expected witness a profitable CAGR over the forecast period due to associated advantages, such as sterility, and cheaper rates as compared to open-ended systems
  • Asia Pacific is anticipated to witness significant CAGR over the forecast period due to rising healthcare spending and healthcare investments by many companies
  • Key players operating in the immunoassay market are Quidel Corporation; Ortho Clinical Diagnostics; Roche Diagnostics; and Thermo Fisher Scientific, Inc. among others
  • The industry participants engage in extensive research activities to develop novel immunoassays for diagnosis of infectious and chronic diseases.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global immunoassay market on the basis of product, technology, application, end use, and region:

Immunoassay Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Reagents & Kits
  • Analyzers/ instruments
    • Open-ended Systems
    • Closed-ended Systems
  • Software & Services

Immunoassay Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Radioimmunoassay (RIA)
  • Enzyme Immunoassay (EIA)
    • Chemiluminescence Immunoassays (CLIA)
    • Fluorescence Immunoassays (FIA)
  • Rapid test
  • Others

Immunoassay Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Therapeutic drug monitoring
  • Oncology
  • Cardiology
  • Endocrinology
  • Infectious disease testing
  • Autoimmune diseases
  • Others

Immunoassay End Use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospitals
  • Blood banks
  • Clinical laboratories
  • Pharmaceutical and biotech companies
  • Academic research centers
  • Others

Immunoassay Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Belgium
    • Switzerland
    • Netherlands
    • Poland
    • Austria
    • Greece
    • Sweden
    • Turkey
    • Finland
  • Asia Pacific
    • China
    • India
    • Japan
    • Sri Lanka
    • Malaysia
    • Australia
    • New Zealand
    • Thailand
    • Vietnam
    • Singapore
  • Latin America
    • Mexico
    • Brazil
    • Chile
    • Peru
    • Columbia
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Jordan
    • UAE
    • Qatar
    • Nigeria
    • Egypt

Access Press Release of Immunoassay Market www.grandviewresearch.com/press-release/global-immunoassay-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Biosensors Market Projected To Ascend At CAGR At 7.9% For 2012 To 2020 : Grand View Research Inc.

San Francisco, 19 March 2019: The Report Biosensors Market Size, Share & Trends Analysis Report By Application (Medical, Agriculture) By Technology (Thermal, Electrochemical, Optical) And Segment Forecasts, 2012 – 2020

The global Biosensors Market is anticipated to reach USD 21.2 billion by 2020, according to a new report by Grand View Research, Inc. Myriad applications in the medical field, rising diabetic population base, high demand for miniature diagnostic devices, and rapid technological advancements are the key factors that are driving the market growth. 

Growing technological developments within all the segments of biosensors are expected to be significant drivers for the growth of biosensors market over the forecast period. For instance, novel advancement in the development of optical quantum dots is expected to provide novel avenues for application in biopharmaceutical development, proteomic analysis, and vaccine development. Similarly, growing applications for thermal biosensors in biomolecular interaction and hybridization analysis, environmental monitoring, and cosmetic analysis are expected to provide the market with greater application opportunities resulting in increased market demand. The development of nano particle based electrochemical biosensors and nanotechnology-based usage contribute to increased importance of this driver over the forecast period.

Moreover, growing worldwide prevalence of diabetes (both type I and type II) is expected to drive market expansion over the forecast period. According to the estimates of the International Diabetes Federation, the global prevalence of diabetes is expected to increase from 425 million in 2017 to 629 million in 2045.

 Access Research Report of Biosensors Market @ www.grandviewresearch.com/industry-analysis/biosensors-market

Further Key Findings From the Study Suggest:

  • Medical application segment dominated the market share in 2013. It is considered an essential tool in the detection and monitoring of a wide range of medical conditions from diabetes to cancer.
  • Electrochemical biosensors accounted for the largest market share in 2013 because of widespread applications for quantification and analysis in biochemical and biological processes.
  • Biosensors in food industry are expected to witness fastest growth over the forecast period owing to the rising pressure from regulatory bodies pertaining to the hygiene standards of the food items where biosensors play a vital role for detecting pathogens, allergens, and pesticides in the food items.
  • Asia Pacific biosensors market is expected to grow with the highest CAGR over the forecast period owing to presence of high unmet medical needs pertaining to target disease segments, growing patient awareness levels, and constantly improving healthcare expenditure in the region.
  • Major players of the market include, AZUR Environmental, Abbott Laboratories, Biosensor BV, Bayer AG, Cranfield Biotechnology Centre, DuPont Biosensor Materials, Ercon, Inc., and Johnson & Johnson.

Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global biosensors market on the basis of application, technology, end user and region:

Biosensors Technology Type Outlook (Revenue, USD Million, 2012 – 2020)

  • Thermal
  • Electrochemical
  • Piezoeletric
  • Optical

Biosensors Application Outlook (Revenue, USD Million, 2012 – 2020)

  • Medical
    • Cholesterol
    • Blood Glucose
    • Blood gas analyzer
    • Preganancy testing
    • Drug discovery
    • Infectious disease
  • Food Toxicity
  • Bioreactor
  • Agriculture
  • Environment
  • Others

Biosensors End User Outlook (Revenue, USD Million, 2012 – 2020)

  • Home healthcare diagnostics
  • PoC testing
  • Food industry
  • Research Laboratories
  • Security and Bio-defense

Biosensors Regional Outlook (Revenue, USD Million, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

Access Press Release of Biosensors Market www.grandviewresearch.com/press-release/global-biosensors-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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