Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) — The “Biosensors – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The comprehensive analysis and insightful data within the latest strategic business report on the global Biosensors market highlights a significant growth trajectory for the industry, with forecasts indicating a market expansion from US$28.5 billion in 2022 to an estimated US$49.3 billion by 2030. A robust compound annual growth rate (CAGR) of 7.1% is anticipated for the review period of 2022-2030.
This extensive report brings to light the segment-wise growth potential with a special focus on non-wearable biosensors, which are poised to exhibit a 6.5% CAGR, reaching a significant value of US$25.9 billion by the end of the forecast period. The wearable biosensors segment is not far behind, as it is estimated to flourish at a faster CAGR of 7.8% through 2030.
In the latest findings, the United States Biosensors market stands out, valued at US$11.2 billion in 2022, set to maintain a sturdy incremental growth path. Meanwhile, China is rapidly emerging as a formidable market, projected to attain a robust 8.6% CAGR within the tenure reaching up to 2030. Offering additional insights, the report covers the Japanese and Canadian markets, each projected to ascend at 5.9% and 6.7% CAGR, respectively, throughout the span of 2022-2030. Germany’s market is also set to bolster at a CAGR of approximately 6.4%.
Competitive Landscape and Market Dynamics
The research canvasses an array of influential competitors within the Biosensors market, featuring 119 notable entities. Among them are key industry titans such as:
- Abbott Laboratories
- Bio-Rad Laboratories, Inc.
- Cytiva
- Dexcom, Inc.
- Masimo Corporation
- Medtronic Plc
- Nova Biomedical
- Siemens Medical Solutions USA, Inc.
- Thermo Fisher Scientific Inc.
- WaveForm Technologies, Inc.
The overarching economic outlook remains promising, and although challenged by an array of global issues, business sentiment continues to take a turn for the positive, buoyed by technology advancements and resilient market strategies. As geopolitical uncertainties persist and inflationary pressures impact economies, the landscape becomes a complex mix of hurdles to be navigated by corporations and investors alike.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 504 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $28.5 Billion |
| Forecasted Market Value (USD) by 2030 | $49.3 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/le297x
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