Transparency Market Research announces the release of a report titled “Biosensors Market (Technologies: Electrochemical, Optical, Thermal, Piezoelectric; Applications: Medical, Food Toxicity Detection, Industrial Process Control, Agriculture, Environment and Others; and End Users: Point of Care Testing, Home Healthcare Diagnostics, Research Laboratories, Security and Bio-defense, and Food Industry) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”.
Browse Report: http://www.transparencymarketresearch.com/biosensors-market.html
According to the report, the global biosensors market was worth US$12.46 billion in 2013 and is projected to reach US$21.64 billion in 2020, growing at a compound annual growth rate of 8.1% from 2014 to 2020.
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Biosensors play an important role in tackling biosecurity threats such as the spread of chronic diseases. Tracking these threats can help in the effective and timely diagnosis of such diseases. Additionally, the global biosensors market is being fueled by increasing activities in drug discovery and screening. According to analysts, growth of lifestyle-related disorders will accelerate the growth of the global biosensors market as these patients will pick simpler medical diagnostics for better disease management.
Press Release: http://www.transparencymarketresearch.com/pressrelease/biosensors-market.htm
The global biosensors market is segmented on the basis of technologies, applications, end users, and geography. The technology segment includes electrochemical, optical, thermal, and piezoelectric. The application segment includes medical, industrial process control, food toxicity detection, environment, and agriculture. The end-user segment is further fragmented into point of care testing, research laboratories, home healthcare diagnostics, bio-defense and security, and food industry. Geographically, the global biosensors market is divided into North America, Europe, Asia Pacific and RoW.
The key players in the global biosensors market include Abbott Point of Care, Inc., Siemens Healthcare, Medtronic, Inc., LifeScan, Inc., F. Hoffmann-La Roche Ltd., Animas Corporation, AgaMatrix, LifeSensors, Inc. and Nova Biomedical Corporation.