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Bioelectronics and Biosensors Market to Witness Considerable Upsurge during 2019-2026

Press release   •   Jul 19, 2019 10:50 IST

Market Scenario

The bioelectronics and biosensors market size was valued at USD 17.5 billion in 2016 and is projected to reach to USD 41.9 billion by 2026 at a CAGR of 9.2%.

This is a comprehensive global report focused on the current and future prospects of the bioelectronics and biosensors market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and microenvironmental factors. An in-depth analysis of past trends, future trends, demographics, and technological advancements for the bioelectronics and biosensors market has been done in order to calculate the growth rates for each segment and sub-segments.

Bioelectronics is an emerging branch of medical science deals with a collective application of the principles of biology and electrical engineering. Bioelectronics assists in creating and evaluating new technologies that improve the understanding of biological systems, enhance efficiency, and effectiveness of the medical community.

Rising prevalence of chronic diseases is anticipated to propel the demand for bioelectronics

The increasing prevalence of chronic diseases such as cardiac diseases and cancer across the world are expected to fuel the demand for biosensors during the forecast period. Higher accuracy provided by these bioelectronics products as compared to the traditional diagnostics tools is expected to witness this market growth.

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Some of the key players of the bioelectronics and biosensors market include:

• Medtronic • F. Hoffmann-La Roche Ltd • Abbott • Siemens Healthineers • BioElectronics Corporation • LifeSensors • AgaMatrix • Nova Biomedical • Broadcom • Beckman Coulter • OmniVision Technologies, Inc. • Sensirion AG • Sotera Wireless • HONEYWELL INTERNATIONAL INC. • Universal Biosensors

Increasing awareness about bioelectronics coupled with rising demand is expected to support the market growth

Growing awareness about bioelectronics with its applications in implantable devices biochips, fabrication templates, prosthetics, artificial/bionic organs, biofuel cells, molecular motors, and electrical pills is expected to nurture the market growth over the forecast period.

The healthcare industry is likely to adopt bioelectronics on a higher scale

The healthcare segment is expected to dominate the market due to higher adoption of bioelectronics in medical devices, Point-of-care (POC) diagnostics, prosthetics, disease detection & monitoring, and others.

Europe is spearheading the market!

Europe is a major hub for bioelectronics and other electronic products from several years. Owing to the presence of major market players coupled with early adoption & development of bioelectronics, this region is expected to hold substantial market share during the next ten years.

Key Highlights:

• Global bioelectronics & biosensorsmarket size analysis and forecast • Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the global bioelectronics & biosensorsmarket • Bioelectronics & biosensorsmarket segmentation on the basis of product, application, end-use, and geography (regional) • Bioelectronics & biosensorsmarket strategic analysis with respect to individual growth trends, future prospects along with a contribution of various sub-market stakeholders have been considered under the scope of study • Bioelectronics & biosensorsmarket analysis and forecast for five major regions such as North America, Europe, Asia Pacific, Latin America, and MEA. • Profiling of key industry players, their strategic perspective, market positioning and analysis of core competencies • Competitive landscape of the key players operating in thebioelectronics and biosensorsmarket including competitive developments, investments, and strategic expansion

Years that have been considered for the study are as follows:

• Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered.

Research Methodology:

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for bioelectronics and biosensors market

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Key Target Audience:

• Healthcare companies • Food & beverage and other industries • Corporate healthcare entities • Government agencies • Market research and consulting firms • Venture capitalists • Technical Students Scope of the Bioelectronics and Biosensors Market Report:

The research report segments the bioelectronics & biosensorsmarket based on product, application, end-use, and geography. 

Bioelectronics and Biosensors Market, By Product:

• Electrochemical Biosensors • Piezoelectric Biosensors • Thermal Biosensors • Optical Biosensors 

Bioelectronics and Biosensors Market, By Application:

• Implantable Devices • Biochips • Fabrication Templates • Prosthetics • Artificial/Bionic Organs • Biofuel Cells • Molecular Motors • Others 

Bioelectronics and Biosensors Market, By End-use:

• Healthcare • Food & Beverage • Environmental • Others

Table of Contents

1. EXECUTIVE SUMMARY

2. RESEARCH METHODOLOGY 

2.1. Market Definition 2.2. Market Scope 2.3. Data Sources

3. MARKET VARIABLES & SCOPE 

3.1. Market Segmentation & Scope 3.2. Market Driver Analysis 3.3. Market Restraint Analysis 3.4. Penetration &Growth Prospect Mapping 3.5. Market SWOT Analysis, By Factor (political & legal, economic, and technological) 3.6. Porter’s Five Forces Industry Analysis 3.7. Market Value Chain Analysis

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Maximize Consulting, are a strong unified team of industry specialists and analysts across sectors to ensure entire Industry ecosystem is taken in perspective, factoring all recent development, latest trends and futuristic – the technological impact of uniquely specific industries. In line with the agreed scope and objective of the study, our approach is uniquely custom detailed.