Biosensors Market by Application (Point of Care, Home Diagnostics, Research Labs, Biodefense, Environmental Monitoring, Food Industry), Product (Wearable, Non-Wearable), Technology (Electrochemical, Piezoelectric, Optical) & Geography - Analysis & Forecast to 2020

 Published On: Jan, 2015 |    No of Pages: 193 |  Published By: MarketsandMarkets | Format: PDF
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The biosensor is a sensing device, which consists of a combination of a specific biological element and a transducer. This market is expected to witness a prominent growth over the coming years. Driven by the need for better methods for environmental monitoring and rapid pathogen detection, the biosensors industry has also been expanding to encompass non-clinical applications such as biodefense, environmental surveillance, and food industry. This market is a diversified and competitive market with a large number of players. The POC diagnostics market has the largest market presence among all the end-user markets of biosensors. The key players in this market are Roche Diagnostics Limited (U.K.), Alere Inc. (U.S.), Siemens Healthcare (Germany), and Beckman Coulter, Inc. (U.S.).

The types of biosensors technologies covered in the report include electrochemical, piezoelectric, optical, thermal, and others. The electrochemical biosensors are the most widely used, considering their strong demand in the medical diagnostic applications, such as the glucose monitoring systems. The application markets discussed in the report are POC, home diagnostics, research labs, biodefense, environmental monitoring, and food industry. This market Covers regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW).

The major drivers identified for the growth of the biosensors market are the emergence of nanotechnology/nano-biosensors, significant technological advancements over the last few years, glucose monitoring for diabetic patients, and increasing demand for home care and point-of-care devices. There are also some factors which act as restraints on the growth of the market, such as slow rate of commercialization, high cost involved in the research and development, and reluctance toward the adoption of the new treatment practices. However, overall, the market is expected to witness a prominent growth over the forecast period, primarily due to the increasing adoption of the POC diagnostics kits and the demand generated for the wearable healthcare devices.

The total market was valued at $11.39 Billion in 2013 and is expected to reach $22.68 Billion by 2020, at an estimated CAGR of 10.00% from 2014 to 2020. The report also discusses the future of the global market with road-map, upcoming technologies, markets, and applications with respect to biosensors. The key players in this industry include F. Hoffmann-La Roche Ltd. (Switzerland), LifeScan Inc. (U.S.), Bayer Healthcare AG (Germany), Abbott Point-of-Care Inc. (U.S.), Medtronic (U.S.), Siemens Healthcare (Germany), and others.

Market by Product:

The market by product type includes wearable and non-wearable biosensors. The wearable biosensors are further segmented as wrist wear, eye wear, foot wear, neck wear, body wear, and others (ingestible and smart implants)

Market by Technology:

The technology market includes electrochemical biosensors, piezoelectric biosensors, optical biosensors, thermal biosensors, and others (Luminometric and fiber optics)

Market by Application:

The biosensors market is mainly categorized into applications, such as the point-of-care, home diagnostics, research labs, biodefense, environmental monitoring, and food industries.

Market by Geography:

The market by geography is segmented into four different regions: North America, Europe, APAC, and Rest of the World.

The report recognizes the market dynamics such as drivers, restraints, and opportunities. Apart from the market segmentation, the report also includes the critical market data and qualitative information for each product type, along with the quantitative analysis such as the Porterís five forces analysis and the value chain analysis

1 Introduction (Page No. - 22)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders

2 Research Methodology (Page No. - 29)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand Side Analysis
2.2.2.1 Growth in the Healthcare Expenditure
2.2.2.2 Progression Toward Healthcare Decentralization
2.2.2.3 Prevalence of Diabetes Continues to Increase
2.2.2.4 Rapid Growth of the Aging Population
2.2.3 Supplyside Analysis
2.2.3.1 Number of New Product Launches: Poc Diagnostics Market
2.2.3.2 Related Market Analysis: Transducers Market
2.2.3.3 Poor Customer Perception
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions and Limitations
2.5.1 Assumptions the Following Assumptions Have Been Taken Into Consideration to Complete the Overall Market Engineering of the Biosensors Market:
2.5.2 Limitations

3 Executive Summary (Page No. - 51)

4 Premium Insights (Page No. - 59)
4.1 Adoption of Biosensors in Various Clinical and Non-Clinical Applications is Driving the Market
4.2 Point-Of-Care Dominated the Overall Biosensors Market, 2013
4.3 Key Factors Behind the Growth of Biosensors Market in APAC- Upgrade of Existing Healthcare System & Large Population
4.4 Technological Advancements & Increased Healthcare Cost Likely to Drive the Biosensors Market in the U.S.
4.5 North America Expected to Continue to Dominate the Market for Biosensor Applications
4.6 Biosensors Market: Developed vs. Developing Nations
4.7 Wearable Biosensors Likely to Impact the Global Healthcare Industry

5 Market Overview (Page No. - 69)
5.1 Introduction
5.2 Evolution of the Biosensors Technology
5.3 Market Segmentation
5.3.1 Biosensors Market, By Application
5.3.2 Biosensors Market, By Technology
5.3.3 Biosensors Market Segmentation: By Product
5.3.4 Biosensors Market Segmentation: By Geography
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Emergence of Nanotechnology/Nano biosensors
5.4.1.2 Significant Technological Advancements Over the Last Few Years
5.4.1.3 Glucose Monitoring in Diabetics Patients
5.4.1.4 Increase in the Demand for Home Based Poc Devices
5.4.2 Restraints
5.4.2.1 Slow Rate of Commercialization
5.4.2.2 High Cost Involved in the Research and Development
5.4.2.3 Reluctance Toward the Adoption of New Treatment Practices
5.4.3 Opportunities
5.4.3.1 Emerging Market in the Developing Countries
5.4.3.2 the Use of Biosensors for Non-Medical Applications, Such As- the Food Industry, Environmental Monitoring, and Biodefense
5.4.4 Challenges
5.4.4.1 Government Regulations - Long Certification & Approval Cycles
5.4.4.2 Pricing Pressure in the Point-Of-Care Market
5.4.5 Burning Issue
5.4.5.1 High Cost Devices Limit the Growth of the Market

6 Industry Trends (Page No. - 90)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Value Chain Analysis: Biosensors
6.3 Industry Trends
6.4 Emerging Trends
6.4.1 Open, Connected Healthcare Platforms
6.4.2 Personalized Medicine - A Medical Model
6.4.3 Lab on A Chip
6.5 Biosensors Platform and Business Model
6.6 Porterís Five Forces Analysis
6.6.1 Threats of New Entrants
6.6.2 Threats of Substitutes
6.6.3 Bargaining Power of Suppliers
6.6.4 Bargaining Power of Buyers
6.6.5 Intensity of Rivary
6.7 Pest Analysis
6.7.1 Political Factors
6.7.2 Economic Factors
6.7.3 Social Factors
6.7.4 Technological Factors
6.8 Strategic Benchmarking
6.8.1 Technology Integration & Product Enhancement
6.8.2 Entry Into Tumor/Cancer Testing Market

7 Biosensors Market By Application (Page No. - 108)
7.1 Introduction
7.2 Point-Of-Care
7.2.1 Point-Of-Care Application Market, By Geography
7.2.2 Point-Of-Care Application Market, By Product
7.2.3 Glucose Monitoring
7.2.4 Cardiac Markers
7.2.5 Infectious Diseases Testing Kits
7.2.6 Coagulation Monitoring Kits
7.2.7 Pregnancy and Fertility Testing Kits
7.2.8 Blood Gas and Electrolyte
7.2.9 Tumor/Cancer Markers
7.2.10 Urinalysis Testing Kits
7.2.11 Cholesterol Test
7.2.12 Others
7.3 Home Diagnostics
7.3.1 Home Diagnostics Application Market, By Geography
7.3.2 Home Diagnostics Application Market, By Product
7.4 Research Labs
7.4.1 Research Lab Application Market, By Geography
7.4.2 Research Lab Application Market, By Product
7.5 Biodefense
7.5.1 Biodefense Application Market, By Geography
7.5.2 Biodefense Application Market, By Product
7.6 Environmental Monitoring
7.6.1 Environmental Monitoring Application Market, By Geography
7.6.2 Environmental Monitoring Application Market, By Product
7.7 Food Industry

8 Biosensors Market, By Technology (Page No. - 182)
8.1 Introduction
8.1.1 Comparative Analysis of Biosensing Technologies (Bio Transducers)
8.1.1.1 Advantages of Electrochemical Biosensors
8.1.1.2 Major Companies

9 Biosensors Market, By Product (Page No. - 194)
9.1 Introduction
9.2 Wearable Biosensors
9.2.1 Wrist-Wear
9.2.2 Eye-Wear
9.2.3 Foot-Wear
9.2.4 Neck-Wear
9.2.5 Body-Wear
9.2.6 Others
9.3 Non-Wearable Biosensors

10 Biosensors Market, By Geography (Page No. - 206)
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 ROW

11 Competitive Landscape (Page No. - 227)
11.1 Overview
11.2 Market Share Analysis, Biosensors Market
11.3 Competitive Situation and Trends
11.3.1 New Product Launches, 2011-2014
11.3.2 Acquisition
11.3.3 Partnerships and Agreements
11.3.4 Expansions
11.3.5 Awards and Recognition

12 Company Profiles (Page No. - 148)
12.1 Abbott Point of Care, Inc.
12.1.1 Business Overview
12.1.2 Products & Services
12.1.3 Key Strategy
12.1.4 Recent Developments
12.1.5 SWOT Analysis
12.1.6 MNM View
12.2 Acon Laboratories, Inc.
12.2.1 Business Overview
12.2.2 Product Portfolio
12.2.3 Key Strategy
12.2.4 Recent Developments
12.2.5 MNM View
12.3 Bayer AG
12.3.1 Business Overview
12.3.2 Product Portfolio
12.3.3 Key Strategy
12.3.4 Recent Developments
12.3.5 MNM View
12.4 F. Hoffman LA-Roche Ltd.
12.4.1 Business Overview
12.4.2 Product Portfolio
12.4.3 Key Strategy
12.4.4 Recent Developments
12.4.5 SWOT Analysis
12.4.6 MNM View
12.5 Lifescan, Inc.
12.5.1 Business Overview
12.5.2 Products & Services
12.5.3 Key Strategy
12.5.4 Developments
12.5.5 MNM View
12.6 Lifesensors Inc.
12.6.1 Business Overview
12.6.2 Products and Services
12.6.3 Key Strategy
12.6.4 Developments
12.6.5 MNM View
12.7 Medtronic Inc.
12.7.1 Business Overview
12.7.2 Product Portfolio
12.7.3 Key Strategy
12.7.4 Recent Developments
12.7.5 SWOT Analysis
12.7.6 MNM View
12.8 Nova Biomedical Corporation
12.8.1 Business Overview
12.8.2 Product and Services
12.8.3 Key Strategy
12.8.4 Recent Developments
12.8.5 MNM View
12.9 Pharmaco-Kinesis Corporation
12.9.1 Business Overview
12.9.2 Product Portfolio
12.9.3 Key Strategy
12.9.4 Recent Developments
12.9.5 MNM View
12.10 Siemens AG
12.10.1 Business Overview
12.10.2 Product Portfolio
12.10.3 Key Strategy
12.10.4 Recent Developments
12.10.5 SWOT Analysis
12.10.6 MNM View
12.11 Universal Biosensors
12.11.1 Business Overview
12.11.2 Products & Services
12.11.3 Key Strategy
12.11.4 Developments
12.11.5 SWOT Analysis
12.11.6 MNM View

13 Appendix (Page No. - 321)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports

List of Tables

Table 1 Increase in the Demand for Glucose Monitoring Systems, Contributing to the Growth of the Biosensors Market
Table 2 the Slow Rate of Commercialization is Hampering the Growth of the Biosensors Market
Table 3 the Use of Biosensors for Non-Medical Applications is A Prominent Opportunity for the Biosensors Market
Table 4 Stringent Government Regulations and Pricing Pressures Are the Major Challenges Faced By the Biosensors Market
Table 5 Global Biosensor Market Size, By Application, 2013-2020 ($Billion)
Table 6 Biosensors Market Size, By Point-Of-Care Application, 2013-2020 ($Billion)
Table 7 Biosensors Market: Point-Of-Care Applications, By Region, 2013-2020 ($Million)
Table 8 North American Biosensors Market: Point-Of-Care Applications, By Country, 2013-2020 ($Million)
Table 9 European Biosensors Market: Point-Of-Care Applications, By Country, 2013-2020 ($Million)
Table 10 APAC Biosensors Market: Point-Of-Care Application, By Country, 2013-2020 ($Million)
Table 11 Biosensors Market: Point-Of-Care Applications, By Product, 2013-2020 ($Million)
Table 12 Wearable Biosensors Market: Point-Of-Care Applications, By Product, 2013-2020 ($Million)
Table 13 Biosensors Market: Glucose Monitoring Kits, By Region, 2013-2020 ($Million)
Table 14 Biosensors Market: Cardiac Markers, By Region, 2013-2020 ($Million)
Table 15 Biosensors Market: Infectious Diseases Testing Kits, By Region, 2013-2020 ($Million)
Table 16 Biosensors Market: Coagulation Monitoring, By Region, 2013-2020 ($Million)
Table 17 Biosensors Market: Pregnancy & Fertility Testing Kits, By Region, 2013-2020 ($Million)
Table 18 Biosensors Market: Blood Gas & Electrolytes, By Region, 2013-2020 ($Million)
Table 19 Biosensors Market: Tumor Or Cancer Markers, By Region, 2013-2020 ($Million)
Table 20 Biosensors Market: Urinalysis Testing, By Region, 2013-2020 ($Billion)
Table 21 Biosensors Market: Cholesterol Testing, By Region, 2013-2020 ($Million)
Table 22 Biosensors Market: Other Applications, By Region, 2013-2020 ($Million)
Table 23 Biosensors Market: Home Diagnostics, By Region, 2013-2020 ($Million)
Table 24 North American Biosensors Market: Home Diagnostics, By Country, 2013-2020 ($Million)
Table 25 European Biosensors Market: Home Diagnostics, By Country, 2013-2020 ($Million)
Table 26 APAC Biosensors Market: Home Diagnostics, By Country, 2013-2020 ($Million)
Table 27 Biosensors Market: Home Diagnostics, By Product, 2013-2020 ($Million)
Table 28 Wearable Biosensors Market: Home Diagnostics, By Product, 2013-2020 ($Million)
Table 29 Biosensors Market: Research Labs, By Region, 2013-2020 ($Million)
Table 30 North American Biosensors Market: Research Labs, By Country, 2013-2020 ($Million)
Table 31 European Biosensors Market: Research Labs, By Country, 2013-2020 ($Million)
Table 32 APAC Biosensors Market: Research Labs, By Country, 2013-2020 ($Million)
Table 33 Biosensors Market: Research Lab, By Product, 2013-2020 ($Million)
Table 34 Wearable Biosensors Market: Research Lab, By Product, 2013-2020 ($Million)
Table 35 Biosensors Market: Biodefense, By Region, 2013-2020 ($Million)
Table 36 North American Biosensors Market: Biodefense, By Country, 2013-2020 ($Million)
Table 37 European Market: Biodefense, By Country, 2013-2020 ($Million)
Table 38 APAC Biosensors Market: Biodefense, By Country, 2013-2020 ($Million)
Table 39 Biosensors Market: Biodefense Applications, By Product, 2013-2020 ($Million)
Table 40 Wearable Biosensors Market: Biodefense Applications, By Product, 2013-2020 ($Million)
Table 41 Biosensors Market: Environmental Monitoring, By Region, 2013-2020 ($Million)
Table 42 North American Biosensors Market: Environmental Monitoring, By Country, 2013-2020 ($Million)
Table 43 European Biosensors Market: Environmental Monitoring, By Country, 2013-2020 ($Million)
Table 44 APAC Biosensors Market: Environmental Monitoring, By Country, 2013-2020 ($Million)
Table 45 Biosensors Market: Environmental Monitoring Applications, By Product, 2013-2020 ($Million)
Table 46 Wearable Biosensors Market: Environmental Monitoring Applications, By Product, 2013-2020 ($Million)
Table 47 Enzyme Biosensor for Detecting Food Components
Table 48 Food Industry Application Market, By Geography
Table 49 Biosensors Market: Food Industry, By Region, 2013-2020 ($Million)
Table 50 North American Biosensors Market: Food Industry, By Country, 2013-2020 ($Million)
Table 51 European Biosensors Market: Food Industry, By Country, 2013-2020 ($Billion)
Table 52 APAC Biosensors Market: Food Industry, By Country, 2013-2020 ($Million)
Table 53 Comparative Analysis Bio transducers Used in Biosensors
Table 54 Global Biosensors Market Size, By Technology, 2013-2020 ($Billion)
Table 55 Commercial Self-Monitoring Blood Glucose Systems Based on Electrochemical Biosensors
Table 56 Optical Biosensors Market Size, By Technology, 2013-2020 ($Billion)
Table 57 Global Biosensors Market Size, By Product, 2013-2020 ($Billion)
Table 58 Wearable Biosensors Market Size, By Product, 2013-2020 ($Billion)
Table 59 Wearable Biosensors Market Size, By Application, 2013-2020 ($Billion)
Table 60 Wrist-Wear Wearable Biosensors Market Size, By Application, 2013-2020 ($Billion)
Table 61 Non-Wearable Biosensors Market Size, By Application, 2013-2020 ($Billion)
Table 62 Biosensors Market, By Region, 2013-2020 ($Billion)
Table 63 North America: Biosensors Market, By Country, 2013-2020 ($Million)
Table 64 North America: Biosensor Market Size, By Application, 2013-2020 ($Million)
Table 65 Europe: Biosensors Market, By Country, 2013-2020 ($Million)
Table 66 Europe: Biosensor Market Size, By Application, 2013-2020 ($Million)
Table 67 APAC: Biosensors Market, By Country, 2013-2020 ($Million)
Table 68 APAC: Biosensor Market Size, By Application, 2013-2020 ($Million)
Table 69 ROW: Biosensor Market Size, By Application, 2013-2020 ($Million)
Table 70 New Product Launches, 2011-2014
Table 71 Acquisitions, 2011-2014
Table 72 Partnerships and Agreements, 2011-2014
Table 73 Expansion, 2011-2014
Table 74 Awards and Recognitions, 2011-2014

List of Figures

Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Healthcare Expenditure Across Various Prominent Countries in the Biosensors Market, 2011
Figure 4 Decentralization Across Various Prominent Countries in the Biosensors Market, 2011
Figure 5 Prevalence of Type 1 Diabetes, By Age Group, 2013
Figure 6 Increase in the Aging Population, By Country (2005 vs. 2010)
Figure 7 the Number of New Product Launches: POC Diagnostics Market ( 2010-2013)
Figure 8 Global Transducers Market Analysis and Estimation : Geographic Split ( 2013 Vs. 2015)
Figure 9 Bottom-Up Approach
Figure 10 Top-Down Approach
Figure 11 Assumptions of the Research Study
Figure 12 Limitations of the Research Study
Figure 13 Roadmap for Biosensors
Figure 14 Biosensors Market Snapshot, By Application (2013 vs. 2020)
Figure 15 Global Biosensors Market, By Region, 2013
Figure 16 Competition for Market Share: Acquisition Was the Key Strategy
Figure 17 Rising Demand for POC Diagnostics Devices Likely to Contribute to the Growth of Biosensors Market
Figure 18 Point of Care: Largest Market for Biosensors, Driven By the Glucose Monitoring Application
Figure 19 Japan Captured the Maximum Share in the Biosensors Market in APAC, 2013
Figure 20 U.S. Commanded the Maximum Share of the Biosensors Market , 2013
Figure 21 North America Expected to Witness the Highest Usage of Biosensor Technology
Figure 22 Developing Markets to Grow Faster Than the Developed Ones
Figure 23 Wearable Biosensors: Key Growth Driver for the Point- Of- Care Market
Figure 24 Road Map for the Biosensors Technology
Figure 25 Biosensors Market Segmentation: By Application
Figure 26 Biosensors Market Segmentation: By Technology
Figure 27 Biosensors Market Segmentation: By Product
Figure 28 Biosensors Market Segmentation: By Geography
Figure 29 The Growing Demand for Glucose Monitoring in Diabetic Patients Will Propel the Demand for Biosensors
Figure 30 The Biomedical Applications of the Nano biosensors
Figure 33 Biosensor Platform and Business Model
Figure 37 Biosensors Market, By Application
Figure 38 Point-Of-Care Diagnostics
Figure 39 APAC to Witness the Highest Growth in the Poc Application
Figure 40 Wearable Biosensors to Show A Prominent Growth in the Poc Application
Figure 41 North America Holds A Prominent Share in the Glucose Monitoring Biosensors Market
Figure 42 Europe to Be One of the Important Markets for the Coagulation Monitoring Biosensors
Figure 43 North America Holds the Largest Share for the Cancer Markers
Figure 44 Increase in the Obesity Diseases Will Drive the Demand for the Cholesterol Testing Kits
Figure 45 North America Holds the Largest Share for the Home Diagnostic Application
Figure 46 Wearable Biosensors Hold A Great Demand in the Home Diagnostics Applications
Figure 47 APAC to Constitute A Prominent Growth for the Research Lab Applications
Figure 48 Products in the Research Lab Application Market
Figure 49 APAC to Witness A Significant Growth for the Biodefense Application
Figure 50 Products in the Biodefense Application Market
Figure 51 ROW to Witness A Prominent Growth for the Environment Monitoring Application
Figure 52 Products in the Environmental Monitoring Application Market
Figure 53 Segmentation of Market, By Technology
Figure 54 Types of Electrochemical Biosensors
Figure 55 Biosensors Market, By Product
Figure 56 Wearable Biosensors: Future of Biosensors Industry
Figure 57 Global Biosensors Market Geographic Snapshot (2013)
Figure 58 APAC- an Attractive Destination for All Biosensor Applications
Figure 59 North America Market Snapshot
Figure 60 Europe: Biosensors Market, By Country, 2013-2020 ($ Million)
Figure 61 China to Witness Prominent Growth in APAC
Figure 62 Companies Adopted New Product Launches as the Key Growth Strategy Over the Last Three Years
Figure 63 Abbott: Grew at the Highest CAGR Between 2009 and 2013
Figure 64 Global Biosensors Market Share, By Key Player, 2013
Figure 65 Market Evolution Framework
Figure 66 Competition for Market Share: Acquisition Was the Key Strategy
Figure 67 Abbott Laboratories, Inc.: Business Overview
Figure 68 Abott Point-Of-Care, Inc.: SWOT Analysis
Figure 69 Acon Laboratories, Inc.: Business Overview
Figure 70 Bayer AG: Business Overview
Figure 71 F. Hoffman LA-Roche Ltd.: Business Overview
Figure 72 F. Hoffmann-LA Roche Ltd.: SWOT
Figure 73 Johnson & Johnson: Business Overview
Figure 74 Lifesensors Inc.: Business Overview
Figure 75 Medtronic, Inc.: Business Overview
Figure 76 Medtronic, Inc.: SWOT
Figure 77 Nova Biomedical Corporation: Business Overview
Figure 78 Pharmaco-Kinesis Corporation: Business Overview
Figure 79 Siemens AG: Business Overview
Figure 80 Siemens AG: SWOT
Figure 81 Universal Biosensors: Business Overview
Figure 82 Universal Biosensors: SWOT


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