Biosensors: Game Changing Technology For Smart Wearables

By Goldstein Market Intelligence || 2018-10-25 4:09:54 AM

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Global Biosensors Market

Industry Overview

According to Goldstein Research, Biosensors Market is expected to reach more than USD 28.6 billion by 2024 from USD 15.8 billion in 2016, growing at a compounded annual growth rate of 7.6% over the forecast period 2016-2024. Development in biosensor technology drives much of the mobile and wearable device industry. ECG biosensors make it possible for consumers to use their mobile wearable devices to measure everything from their heart and breathing rates, to their stress and fatigue levels—all while going about their typical routines.

Global biosensors market segmentation has been carried out on the basis of product type, by technology, by application by end users and region. Based on technology, electrochemical biosensor technology is the dominating segment based on technology and is expected to surpass USD 20 billion by the end of 2024. Also, optical biosensors technology segment is estimated to grow at a CAGR of over 8.35% during the forecast period. Global biosensors market is further expected to be driven by the agriculture testing and toxicity testing in the food industry and likely to spur the demand for biosensors over the next five to six years. Point of Care (PoC) testing is the largest market medical testing segmentation of biosensors.

Recent Advancements

  1. Smart Clothing
  2. Ring Sensor
  3. Wearable Sensor For Preventing Road Accidents
  4. Biosensors For Hypertension
  5. Wound Healing Monitoring
  6. Wearable Sensor For Human Activity Recognition
  7. Wearable Sensors To Improve Breathing
  8. Automatic Stress Recognition

In consumer applications, patients will be able to observe their own data on their own smartphones. The Ring Sensor is further advanced for other medical applications such as detection of Arthritis and Kidney Diagnosis. The smart shirt also has a significant impact as it leads to the enhancement in quality of life thereby dipping the healthcare costs and finally realizing the future healthcare systems. By consuming the MEMS technology, a feedback system can be integrated into the smart shirt so that the data acquisition proficiencies can be used to notify the patient in a condition when a person has a temporary decline in the diabetic shock. So, we can conclude that from sports and fitness to clinical diagnostics, wearable sensors have a great impact on future care.

Market Segmentation

On the basis of our in-depth analysis, Global Biosensors Market can be segmented as follows:

Based on Product Type

  1. Wearable Biosensors
  2. Non-wearable Biosensors

Based on Technology

  1. Electrochemical
  2. Piezoelectric Biosensors
  3. Optical Biosensors
  4. Thermal Biosensors
  5. Others(Nano-mechanical, etc)

Based on Application

  1. Medical Testing
  2. Food & Beverage Toxicity Testing
  3. Environment Monitoring
  4. Bioreactor Testing
  5. Agriculture Testing

Based on End-User

  1. Healthcare Sector
  2. Defense Sector
  3. Food & Beverages Industry
  4. Agriculture Sector

By Region

  1. North America (US, Canada) Biosensors Market {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  2. Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)Biosensors Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  3. Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Biosensors Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  4. Latin America (Brazil, Mexico and Rest of Latin America) Biosensors Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  5. Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Biosensors Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Biosensors Market Analysis” contains a detailed overview of the biosensors market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, by technology, by application, and by end users.

Technological advancements on the basis of biosensors:

Smart Bracelet Market

The Smart Bracelet Market size is set to reach USD 168 million units by 2025, growing at a CAGR of 15.7% over the forecast period. The technological advancement, fashionable looks, number of smart actions available, personal disposable income, among others are some of the factors affecting the growth of the global smart bracelet market.

Smart Clothing Market

The technological advancement, fashionable looks, personal disposable income, demand from various sectors, among others are some of the factors affecting the growth of the industry. The Smart Clothing Market size is set to reach USD 1175 million by 2025, growing at a CAGR of 29.3% over the forecast period.

Smart E-Pants Market

Smart e-pants are an innovative technology for preventing pressure injuries (pressure bedsores, ulcers), which originate at the surface of the skin and gradually progress inwards, at the deep of the bones and muscles. The Smart e-Pants Market size is set to reach USD 1175 million by 2025, growing at a CAGR of 29.3% over the forecast period.

Smart Shoes Market

The innovation of leading-edge technologies has made smart wearables a new trend and need for the people as per changing the technological environment and thus for smart shoes market too. The Smart Shoes Market unit shipment will rise to more than 6 million units by 2024 which is currently around just 300,000 units in 2016, at a CAGR of 75.8% over the forecast years.

Smart Glasses Market

Smart glasses are considered as wearable computer glasses that add information to what the wearer sees such as navigation, health, and fitness, designing, virtual reality (VR) and augmented reality (AR). The Smart Glasses Market size is set to reach USD 10.6 billion by 2024, registering a CAGR of 21.5% over the forecast period.

encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Medtronic inc., Abbott Point of Care Inc., Hoffmann-La Roche Ltd., Nova Biomedical Corporation, Siemens Healthcare, GE Healthcare, Innovative Biosensors Inc. and Bio-Rad Laboratories Inc.etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report signifies the global biosensors market present trends along with market Global Biosensors Market Report Further, for the in-depth analysis, estimate that will help industry consultants, existing and new players searching opportunities and market expansion.

Key queries answered in this global biosensors market report

  1. Present and future biosensors market outlook in the developed and emerging markets
  2. Investigating various perceptions of the market with the help of Porter’s five forces analysis
  3. Key market trends across the segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  4. Regions that are expected to witness fastest growth during the forecast period
  5. Key developments and strategies employed by the major market players.
  6. What are the industry opportunities for the existing and entry level players?

Further, our research has vastly covered the niche segment of smart biosensors application industries such as U.S Wearable Biosensors, Europe Wearable Biosensors, Non- Invasive Biosensors Market, and smart medical devices market among other reports. That provides us the massive data regarding this industry which can help our clients to understand and study Market Diversification, Regional Analysis, Competitive Assessment and to develop strategies.

Browse the research report on Wearable Biosensors Market published by "Goldstein Research" for an in-depth analysis of the industry. Moreover, for a granular research, you can browse the region-specific report of wearable biosensors industry.

U.S Wearable Biosensors Market

The US Wearable Biosensors Market research report is forecasted on the basis of revenue analysis of key players of the industry. The report includes industry size, share, trends, opportunity, growth drivers & restraints along with regional segmentation of the market for the forecast period of 2017-2025.

Europe Wearable Biosensors Market

Europe Wearable Biosensors Market is derived by the increased awareness in the health & wellness sector. The report shows that Europe wearable biosensors market size is anticipated to reach USD 9.46 billion, growing at a CAGR of 8.23% during the forecast period 2017-2025. Browse full report for more in-depth analysis