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Biosensors Market share to achieve 8% growth from 2016 to 2024

Get more details @ http://bit.ly/2m6ZNv0 <br>Global biosensors market share is significantly competitive in nature. The industry is significantly price-sensitive, and prone to different pricing strategies. Players are constantly engaged in research and development of novel, highly efficient and compact biosensors technologies in order to sustain their leadership position.

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Biosensors Market share to achieve 8% growth from 2016 to 2024

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  1. Biosensors Market Analysis by Technology & by End-User, 2016 - 2024: Fractovia.org Fuel Cell Market size worth $25.5bn by 2024

  2. Key Insights of Biosensors Market: • The Biosensors Market size is predominantly influenced by rising demand for disposable, cost-efficient, and user-friendly devices. • Owing to an interdisciplinary combination of approaches from medical science, chemistry, and nanotechnology, biosensors have paved their way rapidly in the medical field. Moreover, the use of these devices in the point of care testing, laboratories, and for self-testing should spur the industry growth. • New discoveries in the field of medical science, government support, rising demand for point of care testing, and the global occurrence of chronic conditions like diabetes along with rapid & accurate detection of such conditions is anticipated to boost the demand for biosensors market over the coming years. • The industry growth is expected to further receive a boost owing to the user-friendly as well as cost-effective nature of these biosensor devices. As per the reports of the international diabetes federation, the number of patients suffering from diabetes globally was 366 million in 2011 and the figure is predicted to touch 552 million by 2030.

  3. Continued… • Biosensors find major application in medical segment accounting for nearly 66% of the total revenue of the biosensors market. The largest revenue share can be credited to wide use of biosensors in medical sector. • Various technologies used in biosensors industry include optical biosensor, electrochemical biosensor, piezoelectric biosensor, and thermal biosensor technologies. The optical biosensor technology segment is predicted to grow rapidly at a rate of 8.7% over the period of 2016-2024. • Biosensors finds its end-use applications in Biodefense, Home healthcare, Food industry, Point of Care testing, Security, and Research Labs. The end-use application of biosensors in point of care testing segment was worth USD 7 billion in 2015. • Key industry participants include Abbott Laboratories, Johnson & Johnson, LifeScan Inc., Bayer Healthcare, EG &G IC Sensors, Ercon Inc., Biosensor International Ltd, Strategic Diagnostics Inc., and Sysmex Corporation. The market players will try to retain their market position by producing compact and effective biosensors over the coming timeframe.

  4. U.S. Biosensors Market Size, By Application, 2012 - 2024 (USD Million)

  5. Browse Full Market Research Report Biosensors Market @ http://bit.ly/2l7dNrd Request for a Sample of this Research report @ https://www.fractovia.org/request-sample/209

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