Medical Biosensors Market: Competitive Analysis and Global Outlook 2021-2026

February 08, 2022

Stratview Research has published a new report on the Medical Biosensors Market, segmented by Technology (Thermal, Electrochemical, Piezoelectric, Optical), By Application (Cardiac Care, Home Diagnostics, Pain Management, Drug Discovery, Genomics, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This report provides critical insights on the market dynamics and enables strategic decision making for the existing and new market players.

Market Highlights

The Medical Biosensors Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of 3.2% during the forecast period.

COVID-19 Impact on Medical Biosensors Market

The COVID-19 outbreak has positively influenced the medical biosensors industry. The adverse impact of Coronavirus has encouraged the development of novel biosensors in order to detect the presence of proteins in the causative agent in real-time. Chip-based and paper-based biosensors are primarily low-cost, user-friendly, and offer a rapid diagnosis for COVID-19. Thus, several industry players are focusing on the development of reliable, rapid, and sensitive biosensors for COVID-19 diagnosis.

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Segmentation –

This report studies the Medical Biosensors Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:

Technology Trends

Based on technology, the medical biosensors market is categorized into thermal, electrochemical, piezoelectric, and optical. The electrochemical segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to its widespread applications for quantification and analysis in biochemical and biological processes. Also, its compatibility with new microfabrication technologies, robustness, disability, wide linear response range, and low cost, ease of operation, thereby bolstering the segment growth.

Regional Trends

By region, the North American market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the growing prevalence rate of targeted diseases and the presence of key players in the region. Also, technological developments such as the introduction of miniaturized diagnostic equipment rendering quick and accurate results and growing market penetration of Electronic Medical Records (EMR), further proliferates the regional market growth.

Key Players:

Following are the key players in the Medical Biosensors Market:

• Biosensors International Group, Ltd. (Singapore)

• Pinnacle Technology, Inc. (US)

• Polestar Technologies Inc. (US)

• Eastprint Incorporated (US)

• DuPont Biosensor Materials (US)

• Surfix BV (Netherlands)

• World Precision Instruments, Inc. (US)

• Ercon, Inc. (India)

• ACON Laboratories, Inc. (US)

• Siemens Healthcare Diagnostics Inc. (US).

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Author : Meha Prasad