Who are the leading players in the global biosensors market?

Companies such as Abbott Laboratories, Bio-Rad Laboratories Inc., Medtronic, Johnson & Johnson, Biosensors International Group, Ltd., Koninklijke Philips N.V., Pinnacle Technologies Inc., Molecular devices Corp., Ercon, Inc. are the leading players in the market. Moreover, these companies rely on strategies which includes new product launches and developments, partnership and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.

What is the market size for the biosensors market?

The biosensors market is valued at USD 24.7 billion in 2021 and is projected to reach USD 63 billion by 2032; it is expected to grow at a CAGR of 7.5% from 2022 to 2032.

What growth is the global biosensors market expected to witness by 2032?

Global market for biosensors was valued at over USD 27.2 billion in 2022 and is projected to grow at over 7% CAGR from 2023 to 2032, fuelled by rising diabetes cases worldwide.

Why is the Asia Pacific biosensors market expected to grow through 2032?

Asia Pacific market for biosensors is slated to depict over USD 63 billion by 2032, driven by the rising prevalence of numerous infectious diseases and growing government as well as individual healthcare expenditure in the region.

Biosensors Market Size, Share, Demand

Biosensors Market By Technology (Thermal, Electrochemical, Piezoelectric, Optical, and Other Technologies), By Product ( Wearable and Non-Wearable), By Application (Medical Diagnostics, Food Toxicity Detection, and Other Applications), By End-User (Home Healthcare Diagnostics, POC Testing, Food Industry), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

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