Please Wait.....
Report
Biosensors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024-2032
Market Report I 2025-02-18 I 128 Pages I Global Market Insights
The Global Biosensors Market was valued at USD 30.1 billion in 2024 and is expected to expand at a CAGR of 7.7% from 2024 to 2032. Biosensors, which detect and measure biological signals, consist of a biological recognition element such as enzymes or antibodies and a transducer that converts the interaction into a measurable output. This advanced technology enables rapid, sensitive, and precise detection of health-related biomarkers, facilitating early disease diagnosis. The market is experiencing significant growth due to the rising prevalence of chronic diseases, particularly diabetes, and the increasing demand for real-time, accurate diagnostic tools.
Governments and research institutions are investing in the development of innovative biosensors to enhance healthcare efficiency. In addition, technological advancements, miniaturization, and digital integration are fueling demand across various sectors, including medical diagnostics, biomedicine, food safety, and environmental monitoring. The growing focus on personalized medicine and point-of-care testing further accelerates the market. Increasing consumer awareness regarding health monitoring and the availability of portable biosensors are also contributing to market expansion, particularly in regions like North America, Europe, and Asia Pacific.
The biosensors market is categorized based on type into wearable and non-wearable biosensors. The non-wearable segment, which generated USD 19.3 billion in 2023, is expected to grow at a CAGR of 7.6% during the forecast period. Non-wearable biosensors are integrated into diagnostic devices, particularly those used in point-of-care testing, offering advantages such as ease of use, high accuracy, and immediate diagnostic results without continuous user interaction. These biosensors are widely used in hospitals and laboratories, enhancing workflow efficiency and patient care.
Based on technology, the market is divided into electrochemical, optical, thermal, piezoelectric, and other biosensors. The electrochemical segment held the largest revenue share of 41.6%, amounting to USD 12.5 billion in 2023. The increasing prevalence of chronic conditions, such as diabetes and cardiovascular diseases, is driving demand for electrochemical biosensors due to their high sensitivity, specificity, and rapid response times. These biosensors are essential in glucose monitoring devices, cardiac biomarker detection systems, and point-of-care testing tools, enabling early detection and effective disease management.
The market is further segmented based on application, including blood glucose testing, cholesterol testing, blood gas analysis, drug discovery, pregnancy testing, infectious disease testing, and other uses. The blood glucose testing segment accounted for USD 12.6 billion in 2023, fueled by rising diabetes cases globally. The demand for continuous glucose monitoring devices and portable biosensors is increasing, allowing individuals to track glucose levels conveniently and manage their condition effectively.
By end-use, the market is divided into point-of-care testing, home healthcare diagnostics, research laboratories, and other users. The point-of-care testing segment generated USD 15.3 billion in 2023. These biosensors provide rapid results, enabling timely medical decisions, particularly in emergency care settings. The rising adoption of portable biosensors in home healthcare and ambulatory settings is further supporting market growth.
In terms of regional analysis, North America accounted for USD 10.4 billion in 2023 and is projected to reach USD 19.8 billion by 2032. The United States led the regional market with USD 9.5 billion in 2023, driven by a high prevalence of chronic diseases and increasing demand for biosensor-based diagnostic solutions. Despite regulatory challenges, continuous advancements and government support are fostering market expansion.
Report Content
Chapter 1 Methodology and Scope
1.1 Market scope and definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates and calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360 synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Growing application of biosensors in medical field
3.2.1.2 Rising prevalence of diabetes, globally
3.2.1.3 High demand for portable biosensors in Asia Pacific and Europe
3.2.1.4 Increasing technological advancements
3.2.2 Industry pitfalls and challenges
3.2.2.1 Stringent regulatory scenario
3.2.2.2 High cost of product development
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technological landscape
3.6 Porter's analysis
3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 ($ Mn)
5.1 Key trends
5.2 Wearable
5.3 Non-wearable
Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 ($ Mn)
6.1 Key trends
6.2 Electrochemical
6.3 Optical
6.4 Thermal
6.5 Piezoelectric
6.6 Other technologies
Chapter 7 Market Estimates and Forecast, By Applications, 2021 - 2032 ($ Mn)
7.1 Key trends
7.2 Blood glucose testing
7.3 Cholesterol testing
7.4 Blood gas analysis
7.5 Pregnancy testing
7.6 Drug discovery
7.7 Infectious disease testing
7.8 Other applications
Chapter 8 Market Estimates and Forecast, By End Use, 2021 - 2032 ($ Mn)
8.1 Key trends
8.2 Point of care testing
8.3 Home healthcare diagnostics
8.4 Research laboratories
8.5 Other end use
Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($ Mn)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Russia
9.3.7 Switzerland
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.6 Middle East and Africa
9.6.1 South Africa
9.6.2 Saudi Arabia
Chapter 10 Company Profiles
10.1 Abbott Laboratories
10.2 ARKRAY
10.3 Bio-Rad Laboratories
10.4 Biosensors International Group
10.5 Dexcom
10.6 Danaher Corporation
10.7 F. Hoffmann-La Roche
10.8 Masimo Corporation
10.9 Nova Biomedical
10.10 Platinum Equity Advisors
10.11 PHC HOLDINGS CORPORATION
10.12 Pinnacle Technology
10.13 Siemens Healthineers
10.14 Thermo Fisher Scientific
10.15 Trividia Health
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security