Glucose
Biosensor Market strategic research study offers company accounts, industry investors, and
industry members with consequential insights to enable them to make reliable
strategic decisions regarding the opportunities in the global market.
Glucose Biosensor Market
research report offers detail overview of industry with all the requisite data
to support tactical business decisions and come up with strategic growth plans.
This study also proposes a comprehensive insight into the development policies
and plans in addition to manufacturing processes and cost structures.
KEY BENEFITS
1. Glucose Biosensor market analysis based on
current industry scenario and expected future trends to enable stakeholders
take strategic decisions.
2. Analysis of the factors impacting the Glucose
Biosensor market to understand business opportunities.
3. Identification of key investment pockets
for various applications, type and geographies.
4. Identification of the Glucose Biosensor
market top key players and their strategic moves.
5. Evaluation of Glucose Biosensor market
trends to provide deep-dive intelligence into every market segment.
6. Competitive analysis to effectively plan
and execute a business plan.
7. Glucose Biosensor market micro-level
analysis based on application, type and geography.
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The global glucose
biosensor market was estimated at USD 15.3 billion in 2015 and is anticipated
to reach USD 31.0 billion by 2022. Biosensors are identified as analytical
equipment that change a biological reaction into electrical indicator and help
in measuring an extensive range of analytic comprising gasses, bacteria,
organic compounds and others. It includes the biological component that works
as a sensor & an electrical constituent and utilized to distinguish and
pass on the signal. Glucose biosensors are usually utilized to sense
concentration of sugar/glucose in patients. Bio-constituents such as proteins
comprising nucleic acids, enzymes, and others are utilized as biosensors in
lieu to examine the concentration of glucose in a patient.
Some key factors accredited
to the expansion of this market comprises the growing occurrence of diabetes
around the globe, the growth of the technically advanced product, increasing
the requirement for non-invasive products and minimally sized products,
increasing patient consciousness levels, and the requirement for early diabetes
recognition. However, the existence of other options for supervision of
diabetes, for instance, laboratory process is expected to confine market
expansion over the forecast period. Rising occurrence of diabetes worldwide is
the main factor contributing towards the expansion of this industry. Glucose
monitoring of blood is utilized as an essential instrument in diabetes
management.
As upholding of normal
blood glucose levels is significantly important for the patients going through
diabetes, a progression of appropriate glucose biosensor has been made to
congregate the demands of the patients afflicted with this extremely rampant
disorder. Moreover, the increasing requirement for self-monitoring equipment
has amplified the utilization of biosensors particularly in handy forms. These
sensors are currently available as miniature and minimally invasive equipment
that calculate glucose levels in a patient. Scrutinization of glucose level in
blood at regular period is very important key factor demanded disease
management. Due to this fact, a number of technical advancements are being
conceded out in the production of sensors. Moreover, production of dependable
and precise glucose biosensors is expected to pose the challenge for market
players.
The initiation of technical
advancements is likely to play an essential role in enhancing usage rates. This
is obvious from the improvement of non-invasive and minimal glucose biosensor
in this industry. Glucose biosensors industry is expected to observe soaring
growth owing to escalating diabetic patient population worldwide. Thus,
escalating occurrence of diabetes will augment the requirement for glucose
biosensor and hence propels the industry growth. In totaling, growing
requirement for point of care diagnostics and home care diagnostics, and
increase in utilization of glucose biosensor in nonmedical functionality will
further encourage the industry of glucose biosensor. Moreover, soaring cost for
the cure by biosensor is expected to restrain the industry growth of glucose
biosensors over the forecast period.
On the basis of types,
there are typically two types of glucose biosensors purposely amperometric
biosensors and fluorescence glucose. Among these two kinds, amperometric
glucose biosensor is extensively accessible commercially. Amperometric
biosensor operates by the way of glucose oxidase. Amperometric biosensor
oxidizes glucose directing to the creation of hydrogen peroxide, which is
noticed by the electrode and the level of glucose is examined. Moreover, by the
improvement in fluorescent glucose biosensor, it is likely to capture the huge
market share over the forecast period. This biosensor works on fluorescence
process that calculates the level of blood glucose with additional precision.
The operational life of
probe of this biosensors is of better quality in comparison to amperometric
biosensors which is expected to fuel the market for this segment biosensors. On
the basis of end-use, the market can be segregated into home care diagnostics,
hospitals, and others. The home care diagnostics is expected to grow rapidly
over the forecast period owing to increasing demand coupled with latest
innovation & advancement that are been inculcated into these devices to
make it more précised and accurate. Hospital sector is expected to capture maximum
share over the forecast period. On the basis of a geographical region, the
market can be segregated into North America, Europe, Asia Pacific and Rest of
World. North America is expected to capture maximum revenue over the forecast
period owing to increasing cases of diabetes in North America coupled with
technological advancement that is happening in this area. Europe is expected to
capture second largest revenue over the forecast period. Asia Pacific is
expected to grow rapidly over the forecast period owing to increasing aging
population coupled with increasing consumer awareness about these devices.
Some of the key players in
the market are as follows Roche, Abbott, Siemens Healthcare Diagnostics, Nova
Biomedical Corp, Animas Corporation, M-Biotech, LifeScan, AgaMatrix, Medtronic
Diabetes and others. In present years, carbon nanotubes have got extensive
attention as capable carbon-based nanoelectronic equipment owing to their
exceptional chemical, physical and electrical properties, specifically a
soaring surface-to-volume proportion, their superior electron transfer
properties, and their soaring thermal conductivity, carbon nanotubes are being
utilized efficiently as electrochemical sensors. The incorporation of carbon
nanotubes as a functional group offers a solid and good support for the control
of enzymes and their integration with glucose biosensors offers a quick
detection rate and high accuracy. A number of R&D initiatives are being
taken by active players in the market to capture maximum revenue and thus offer
that devices which are highly précised.
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