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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Switzerland Biosensors Market Outlook
The Switzerland biosensors market attained a value of USD 664.63 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.5% to reach USD 1,274.30 million by 2032.
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Properties and Applications
Biosensors are referred to as the devices which enable detection of the presence or concentration of a biological analyte, including a biomolecule, a microorganism, or a biological structure. They have three parts, including a signal transducer, a reader device, and a component that identifies the analyte and generates a signal.
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The Switzerland biosensors market is segmented based on technology, application, and end-use.
Based on technology, the Switzerland biosensors market is divided into:
- Thermal
- Electrochemical
- Piezoelectric
- Optical
Based on application, the Switzerland biosensors market is divided into:
- Biosensors in Medical
- Cholesterol Testing
- Blood Glucose Testing
- Blood Gas Analyzer
- Pregnancy Testing
- Drug Discovery
- Infectious Disease Testing
- Biosensors in Food Toxicity Detection
- Bioreactors
- Agriculture
- Environment
- Other Applications
Based on end-uses, the market is segmented into:
- Home Healthcare Diagnostics
- POC Testing
- Food Industry
- Research Laboratories
- Security and Bio-Defence
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Market Analysis
The Switzerland biosensors market is driven by the technological advancements in optical quantum dots that are predicted to foster novel applications in biopharmaceutical development and proteomic analysis. Moreover, the market is being aided by the growth of nanoparticle-based electrochemical biosensors. Further, the rising applications of these devices within the cosmetic and environmental analysis is aiding the Switzerland biosensors market. The rapid technological advancements in all the segments is expected to propel the market growth of Switzerland biosensors.
Competitive Landscape
The report presents a detailed analysis of the following key players in the Switzerland biosensors market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Abbott Laboratories [ABT (NYSE)]
- Biosensors International Group, Ltd.
- Bayer AG [BAYN (ETR)]
- Lucentix SA
- Sensirion AG Switzerland
- Xsensio
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Switzerland biosensors market reached a value of USD 664.63 million in 2023.
The market is projected to grow at a CAGR of nearly 7.5 % in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 1,274.30 million by 2032.
The major market drivers include rising disposable incomes, increasing population, and the rising applications of biosensors in cosmetic and environmental analysis.
Advancements in optical quantum dots, the robust growth of nanoparticle-based electrochemical biosensors, and the rising use of biosensors in medical applications are the key trends guiding the market development.
The major technologies of biosensors considered in the market report include thermal biosensors, electrochemical biosensors, piezoelectric biosensors, and optical biosensors.
The significant applications of biosensors in the market are medical and food toxicity detection.
The various end uses of biosensors include home healthcare diagnostics, POC testing, food industry, research laboratories, and security and bio-defence.
The leading players in the market are Abbott Laboratories, Biosensor International Group, Ltd., Bayer AG, Lucentix SA, Sensirion AG Switzerland, and Xsensio, among others.
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