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Report Overview
The global biosensors market value was USD 7.50 Billion in 2023, driven by the growing demand for point-of-care testing across the globe. The market size is anticipated to grow at a CAGR of 6.40% during the forecast period of 2024-2032 to achieve a value of USD 13.11 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Biosensors Market Size
The global biosensors market value was USD 7.5 billion in 2023, driven by the growing demand for point-of-care testing across the globe. The market size is anticipated to grow at a CAGR of 6.4% during the forecast period of 2024-2032 to achieve a value of USD 13.1 billion by 2032.
Biosensors Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The biosensors market was valued at USD 7.50 Billion in 2023.
The market is expected to grow at a CAGR of 6.40% from 2024 to 2032 to reach a value of USD 13.11 Billion by 2032.
The major drivers of the market include the increased demand for biosensors like oximeters, the growing concerns of cancer and diabetes, favourable properties such as user-friendly interface and portability, rapidly growing geriatric population, and multifaceted application possibilities of the biosensor technology.
The key trends guiding the growth of the market include the rapid technological advancements and heightened investments in the R&D of biosensors technology.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product segments include wearable and non-wearable.
The major segments based on technology include electrochemical, optical, piezoelectric, thermal biosensors, and nanomechanical.
The major players in the market are AgaMatrix Holdings LLC, Abott Laboratories Inc., Biosensors International Groups Ltd., and Medtronic Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124