The biosensor market is expected to grow at a CAGR of 9% by 2024

   September 30, 2019
According to a market report by Lucintel, the future of the biosensor market looks promising with opportunities in the point of care (POC), home diagnostics, research labs, biodefense, environmental monitoring, and food and beverages industries.  The biosensor market is expected to grow with a CAGR of 9% from 2019 to 2024. The major drivers for this market are emergence of nanotechnology-based biosensors, significant technological advancements, increasing use of biosensors to monitor glucose levels in individuals with diabetes, and increased demand for home-based POC devices.

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In this market, electrochemical biosensors, piezoelectric biosensors, optical biosensors, thermal biosensors, and nano-mechanical biosensors are the major sensor types. Within the biosensor market, point of care, home diagnostics, research labs, biodefense, environmental monitoring, and food and beverages are the major end use industries.  Wearable biosensors and non-wearable biosensors are the major application types.

F. Hoffman-LA Roche, Abbott Point of Care, Medtronic, Universal Biosensors, Dupont, Sysmex Corporation, Bio-Rad Laboratories, Pharmaco-Kinesis, Nova Biomedical, and are among the major manufacturers of biosensors.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the biosensor market by application, sensor type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Biosensor Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the biosensors market by application, sensor type, end use industry, and region as follows:

By Sensor Type [$M Shipment Analysis from 2013 to 2024]:

  • Electrochemical Biosensors

  • Piezoelectric Biosensors

  • Optical Biosensors

  • Thermal Biosensors

  • Nanomechanical Biosensors

  • Others

By Application [$M Shipment Analysis from 2013 to 2024]:

  • Wearable Biosensors

  • Non-Wearable Biosensors

By End Use Industry [$M Shipment Analysis from 2013 to 2024]:

  • Point of Care

  • Home Diagnostics

  • Research Labs

  • Biodefense

  • Environmental Monitoring

  • Food & Beverages Industry

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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