September 26, 2018
WELLESLEY, Mass., Sept. 26, 2018–The biosensors and nanosensors market is being led by growth in Europe and the promise of developing fields such as IoT-enabled biosensors, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 8.6% through 2023, when it could be worth more than $31.9 billion, according to the report Biosensors and Nanosensors: Global Markets and Technologies.
Watch a clip from Michael Sullivan’s recent webinar on this report.
Major players in the market include Abbott Laboratories, Bayer, Contec Medical Systems, Dexcom, F Hoffman-La Roche, Honeywell International, Kionix, Lifescan, Lockheed Martin, Medtronic, NXP Semiconductors, Omron Industrial Automation, Sensonor, Siemens Healthcare and Sony.
“Tantalized by the market success of simple biosensors, the industry has been focusing on building more robust and less expensive biosensors for specific applications with a focus on ease of use,” the report’s author, Michael Sullivan, said in the report. “Increasingly, these biosensors are part of a sensor system integrated to detect multiple analytes. More recently, miniaturization has enabled improved implementations and broader application.”
Biodefense Application Shows Growth Potential
Biodefense applications are seeing higher adoption rates, with the ongoing war on terror and increasing security concerns driving the need for newer and faster biosensors that can detect biowarfare agents for military and civilian defense applications, the report adds. These units have the ability to detect drugs and explosives using an analysis module with a built-in configuration facility. User groups include police, paramilitary departments, private security agencies, intelligence agencies, the military, and customs and coast guard units.
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Biosensors and Nanosensors: Global Markets and Technologies( IAS128A )
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