Acumen Research and Consulting claims the global biochemical sensor market is expected to reach the market value of around $67 billion by 2026 and is expected to grow at a CAGR of around 15% in terms of revenue during the period 2019 to 2026. Growth drivers include a growing demand for low-cost, fast, reliable, and easy-to-use analytical tools. Naturally, medical applications place a huge demand for biochemical sensors, and there is increasing of demand in other sectors such as nutritional, agricultural, and environmental sectors due to prominent improvement in product quality and growing demand to fulfill legislative guidelines.
- Electrochemical Sensors Witnessing High Demand In Biochemical Sensor Market
- Asia Pacific: Fastest Growing Market For Biochemical Sensor Based On CAGR
- Key players operating in the global biochemical sensor market, profiled in the report include GE Healthcare, Thermo Fisher Scientific, Honeywell International Inc., Bio-Rad Laboratories Inc., Polestar Technologies Inc., Microchip Technology Inc., Melexis, Universal Biosensor Inc., Nova Biomedical Corporation, and Texas Instrument Inc.
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