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Biosensors Market Development and Demand Forecast to 2020

(IT-NEWSWIRE.COM, September 15, 2015 ) The Biosensors refers to investigative devices composed of transducer and biological element for providing analytical information. These devices convert biological response into an electrical response, to recognize the function and structure of various molecules. The biosensors work on various technologies, including electrochemical biosensors, optical biosensors, thermal biosensors and piezoelectric biosensors.

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Key findings of Biosensors Market:

Increasing prevalence of diabetes and lifestyle induced diseases, increasing demand for POCT and rise in geriatric population are major factors driving the growth of biosensors market
Strict regulatory requirements for biosensors inhibits the growth of biosensors market
Geographically, North America has the largest share in global Biosensors Market, while Asia-Pacific has emerged as the fastest growing region in the market
Based on the technology, electrochemical biosensors has the largest share in the biosensors market
Security and biodefense are the most popular end user in the biosensors market

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List of Table:

1 Specific primary and secondary sources used for this publication
2 Global biosensor market snapshot (2014 and 2020)
3 Some of the products launched by various countries
4 Drivers for the market: Impact analysis

List of Figure:

FIG. 1 Market scope for global biosensors market
FIG. 2 Research methodology for global biosensors market
FIG. 3 Principle of biosensors
FIG. 4 Aging population in major regions, in % (2000 – 2050)

Rising product innovation in biosensors helps clinicians to diagnose various diseases in less time. In addition, technological advancement of biosensors leads to increased need for portability and integration of biosensors in the applications of health, food, and environment.

Rise in aging population is the vital cause for the growth of biosensors market. In addition, increasing prevalence of chronic diseases due to alteration in lifestyle drives the market. However, strict regulatory requirements for the approval of biosensors inhibit the growth of the market.

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