The report titled “Global Nanosensors Market 2017-2021” examining the market for nanosensors and its growth prospects over the period between 2017 and 2021. The report states that the market will witness an unprecedented 93% CAGR over the period between 2017 and 2021, chiefly owing to the significant rise in use of nanosensors across the healthcare industry.
From a geographical perspective, the global nanosensors market has been examined in the report for regions such as Americas (North and South America), APAC (Asia Pacific), and EMEA (Europe, Middle East and Africa). Of these, the market in Americas accounted for the dominant share in the global market in 2016. The region is expected to continue its leading stance in the global nanosensors market over the course of the report’s forecast period as well. The dominance of the region in this sector can be attributed to the vast rise in the adoption of nanosensors across a number of industrial verticals in the region over the past few years. The chief adopters of nanosensors in the region have been healthcare, industrial automation, and automotive.
The key end-use industries using nanosensors examined in the report are defense and military and healthcare. Of these, the healthcare sector dominated the global market in 2016 and is expected to remain the leading end-use sector of the nanosensors market over the report’s forecast period as well. The vast rise in demand for portable and compact diagnostic systems in the healthcare industry has led to the increased use of nanosensors in the healthcare industry. The trend is expected to remain strong in the next few years as well.
The report segments the market on the basis of product type into mechanical nanosensors, chemical nanosensors, and biological nanosensors. Of these, the market presently earns a significant and dominant share in revenue owing to sales across the chemical nanosensors segment. The segment is also expected to dominate the market over the forecast period, chiefly owing to the increased use of a variety of chemical nanosensors across industries such as food and beverages and healthcare.
The global nanosensors market is presently in its developmental stage and a large number of organizations, institutions, and companies are directing their funds towards the development of products under the scope of nanotechnology. The development of the technology in the next few years is expected to bring about an increased use of nanosensors in the field of artificial intelligence and breakthrough use in the defense and healthcare sectors.
Some of the notable collaborations and institutions presently operating in the global nanosensors market are Nanowear, Massachusetts Institute of Technology (MIT), Airbus and University of Bristol, Optics11, Semenov Institute of Chemical Physics, Moscow Institute of Physics and Technology, and OMRON.
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