Global Healthcare Biosensors IoT Market size was valued over USD 17 billion in 2017 and is expected to witness growth of ~8% CAGR from 2018 to 2024. Global Healthcare Biosensors IoT Market is driven by growing awareness regarding diabetes self-management has enabled integration of advanced technology in the glucometers driving the Global Healthcare Biosensors IoT Market growth. For instance, newly developed glucometers have embedded microchips that allows accurate and quick detection of sugar levels at home. Rising preference for such technology variant diabetic biosensors have boosted the industry growth significantly. As per WHO, number of diabetic patients globally in 2016 were around 422 million that have escalated demand for glucose biosensors. Biosensors for measuring blood metabolites such as lactate, glucose, creatinine, and urea, using both optical and electrochemical modes of transduction, are being routinely used and commercially developed in the point of care testing, laboratories, and for self-testing in the case of glucose monitoring. Biosensors have applications in various segments in the healthcare industry. Extended use of biosensors in various industries such as medical diagnostics, agricultural and food diagnostic industry has stimulated the demand for biosensors. Wide ranging applications of biosensors in diagnosis of various diseases such as diabetes, cholesterol, haemophilia will impact the industry demand positively. American population suffers from around 7000 rare diseases driving the demand for biosensors. Significant funding is been made in Europe by Max-Planck Institute in collaboration with the Federal Government of Germany and other German states. The European Molecular Biology Laboratory’s European Institute (EMBL-EBI) and BBSRC, with support by the UK Government, made a commitment of approximately USD 93 million for ELIXIR research infrastructure in 2012. In addition, the Chinese Government is also investing heavily on its computing infrastructure majorly via the China Grid initiated by Chinese Academy of Sciences and Ministry of Education and the China National Grid (CNGrid) supported by the Ministry of Science and Technology. Presence of such favourable initiatives is expected to have a positive impact on the biosensors market.
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Market Segmentation By Product Type • Wearable • Non-wearable By Technology • Electrochemical • Optical • Thermal • Piezoelectric • Others By Application • Blood glucose testing • Cholesterol testing • Blood gas analysis • Pregnancy testing • Drug Discovery • Infectious disease testing • Others By End Use • Point of care testing • Home healthcare diagnostics • Research laboratories • Others The above data will be provided for following regions/countries from 2013-2024 (USD Million) • North America o U.S. o Canada • Europe o Germany o UK o France o Spain o Italy • Asia Pacific o China o India o Japan o Australia • Latin America o Argentina o Brazil o Mexico • Middle East and Africa o South Africa o Saudi Arabia What information is covered in report? • Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024 • Detailed market segmentation and market share analysis of each segment • Technology and regulatory landscape and reimbursement scenario • Impact analysis of various drivers and trends • Market segmentation and landscape • Competitive landscape, 2017
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