Increasing shift towards digital sensors will fuel demand in the global Bio-Sensors market. The market has been witnessing development of new technology. Fortune Business Insights has announced the publishing of a report, titled “Bio-sensors Market Size, Share and Global Trend by Technology (Thermal, Electrochemical, Piezoelectric, Optical), Application (Medical diagnostics, Food toxicity detection, Industrial process control, Environmental analysis, Agricultural testing), and Geography Forecast till 2025”. According to the report the global Bio-Sensors market will reach US$125 Bn by 2024.
“Key players are expected to emphasize on integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Bio-Sensors market,” said a lead analyst at Fortune Business Insights.
Top Players List:
- Biosensors International Group
- Spectrum Dynamics Medical Inc.
- Abbott Laboratories
- Alere Inc.
- Dynamic Biosensors
- ABTECH Scientific Inc.
- Biolan Micro Biosensors S.L.
- Nova Biomedical Corporation
- Sensor-Kinesis Corporation
The integration of smart digital sensors with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, rising adoption of AI is expected to boost the global market.
Major Segments Mentioned:
- By Technology
- By Application
- By Industry Vertical
- By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Bio-Sensors market.
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to rising adoption of sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global Bio-Sensors market.
Major Table of Content for Bio-Sensors Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- North America Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- Europe Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- Asia Pacific Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- Middle East and Africa Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- Latin America Bio-Sensors Market Analysis, Insights and Forecast, 2014-2025
- Competitive Landscape
- Company Profile