Biochemical Sensors Becoming A Healthy Market

(anon)

According to Research Solution Insights, the global biochemical sensor market will rise at a CAGR of 14.7% by 2025. At this pace, the market is expected to reach $58.48 billion by the end of 2025, from its valuation of $17.1 billion in 2016. Based on product, electrochemical sensors lead with a share of 32% in 2016.

 

Other Findings

Sponsored by Infosys

In Conversation with Antonio Neri, President & CEO – Hewlett Packard Enterprise & Salil Parekh, CEO – Infosys

Hear the CEOs of Infosys & HPE discuss the current crisis and how it has accelerated the need for digital transformation for their clients. Connectivity at the Edge, right mix of hybrid cloud, ability to extract data faster than ever before… these are just some of the contributions that HPE and Infosys make to our clients’ digital transformation journey.
  • Competition prevailing in the global biochemical sensor market is considerably high. Players are concentrating on expanding their regional footprint, especially in Asia.
  • Prominent names in the global biochemical sensor market are GE Healthcare, Thermo Fisher Scientific, Honeywell International, Inc., Bio-Rad Laboratories, Inc., and Polestar Technologies, Inc.
  • Regionally, North America held dominant with a share of over 29% in the global market in 2016.
  • Application across diverse industries, especially healthcare, to boost growth.
  • Rising demand for advanced wearable biochemical sensors, and the growing population of point of care diagnostics will create lucrative market opportunities.
  • High cost of biochemical sensors to limit sales.                     

 

For more details, checkout the Research Solution Insights report.

Suggested Articles

MIT Sloan and Boston Consulting Group call for expanding organizational learning to gain better financial rewards of AI deployments

Originally a 1960s memory manufacturer, Intel wants out of NAND following the market decline in 2018

Process could be used to apply sensors detect symptoms for COVID-19, and the sensors could be reusable