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Showing posts with the label biosensors market

Biosensors Market Tends to Grow at a CAGR of 7.68% during the Forecast Period (2016-2024)

According to Goldstein Research, Global biosensors market is expected to grow at a CAGR of 7.68% over the forecast period 2016-2024 from USD 15.85 billion in 2016, to reach USD 28.67 billion by 2024. Huge investment in research & development of medical sector is one of the primary growth factors for  biosensors market . Moreover, rise in chronic health issues and cardiovascular diseases are raising awareness among consumers to incline towards sensitive testing biosensors.  biosensors market segmentation  has been done on the basis of technology, product type, application, end user and geography. Biosensors Market segmentation based on technology, electrochemical technology segment accounted for highest market share of 70% in 2017, and is expected to surpass USD 20 billion by the end of 2024. Also wide range of sensors used in monitoring and detection of severe health conditions mainly diabetes and cancer t...