Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020


  • Published On : Oct-2014 |
  • Pages : 93 Pages |
  • Format :

Biosensors are integrated devices which are capable of providing analytical information using biological samples. Biosensors consists of a biological recognition unit, which has the ability to interact with bio-elements, such as living tissue, enzymes, and antibodies, and a transducer, which is used to change the property of bio-elements into an electrical signal. Biosensors have applications in medical testing, food toxicity detection, industrial processing and monitoring, agricultural applications, and environmental pollution control. Biosensors are essentially devices capable of fast detection and are ideal for applications that demand low-cost, quick and easy, portable solutions. Biosensors are used to ensure quality and safety of products and detection of microbial pathogens and toxins in food cost-efficiently. Point-of-care testing (POCT) is the most proficient area for biosensor application. Biosensors help clinicians by providing essential information for proper clinical management immediately. Increasing demand for point-of-care testing (POCT), rising prevalence of chronic and lifestyle-induced diseases, growing geriatric population, and increasing application of nanotechnology are the key driving factors for the biosensors market. In future, non invasive biosensors and emergence and growth of personalized medicine would provide opportunities to new entrants, which would further propel the growth of the biosensors market.

On the other hand, strict regulatory requirements and reimbursement policy issues in healthcare systems are major concerns for the market. In addition, rising healthcare cost in developing countries, such as India and China, is hampering affordability of healthcare facilities among the aging population. In addition, rising healthcare cost in these countries and lack of approval of biosensor devices for reimbursement are hampering the affordability of healthcare facilities among the aging population

In North America usage of biosensor technology in North America is high compared to other regions of the world due to technological advancements and broader application areas in different industries. On the other hand, increasing healthcare costs has shifted the focus of healthcare from hospitals to home, which would increase the use of biosensors devices in the region. However, regulatory and safety concerns are high for biosensor devices which are mainly used for research laboratories, point of care testing, home healthcare diagnosis and security and bio-defence. In addition, the growth for biosensor devices in Asia is much higher than developed countries due to widening health insurance penetration, large population base and up-gradation of health care systems.

This report provides in-depth analysis and estimation of the biosensors market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The biosensors market is categorized on the basis of technology, application, end users and geography. Based on technology, the biosensors market comprises electrochemical, optical, piezoelectric and thermistor. On the basis of application the market comprise medical diagnostics, food toxicity detection, agricultural testing, industrial process control and environmental. Based on end users the market comprises point of care testing, home healthcare diagnostics, research laboratories, and security and bio-defence. On the basis of geography, the report identifies and analyses market size and forecast of North America, Europe, Asia, and Rest of the World (RoW).

Globally, the biosensors market is witnessing significant growth due to increasing demand of point of care testing. In addition, rising prevalence of chronic and lifestyle associated diseases, growing geriatric population, increasing application of biosensors in various industries and growing application of nanotechnology in healthcare are also driving the growth of the market. In addition, emergence and demand of personalized medicine and non-invasive biosensors would also drive the growth for the market. However, strict regulatory requirements and reimbursement policy issues in healthcare system hamper growth of the global biosensors market. In addition, the regulatory process is not keeping pace with the rapid development of new medical technologies.The global biosensors market is anticipated to grow from an estimated USD 12,963.6 million in 2014 to USD 22,551.2 million in 2020 at a CAGR of 9.7% during the forecast period.

North America is the largest market for global biosensors. Electrochemical biosensors are the most used technology of biosensors, medical diagnostics are the most popular application of biosensors and biosensors are mostly used in POCT. In terms of growth, Asia Pacific is the fastest growing region; optical biosensors make for the fastest growing type of technology, while security and bio-defense make for the fastest growing type of end user.

The North American market is anticipated to grow from an estimated USD 5,693.4 million in 2014 to USD 9,522.2 million in 2020, growing at a CAGR of 8.9% during the forecast period.

Some of the major players in the biosensors market:

  • Abbott Laboratories, Inc.
  • Siemens Healthcare.
  • Nova Biomedical Corporation.
  • Bayer AG.
  • Johnson and Johnson.
  • Medtronic, Inc.
  • Hoffmann-La Roche, Ltd.
  • Other.

These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Chapter 1 Preface 9

1.1 Report description 9

1.2 Research methodology 10

1.3 Assumptions 10

Chapter 2 Market synopsis 11

Chapter 3 Porter’s five forces analysis 13

3.1 Bargaining power of suppliers 13

3.2 Bargaining power of buyers 14

3.3 Threat of new entrants 14

3.4 Threat of substitutes 14

3.5 Intensity of rivalry 15

Chapter 4 Industry overview 16

4.1 Market definition 16

4.2 Market Drivers 17

      4.2.1 Increasing demand for POCT 18

      4.2.2 Rising prevalence of chronic and lifestyle-induced diseases 18

      4.2.3 Growing geriatric population 19

      4.2.4 Increasing application of biosensors in various industries 20

      4.2.5 Growing application of nanotechnology in healthcare 21

4.3 Impact analysis of market drivers 21

4.4 Market restraints 22

      4.4.1 Reimbursement policy issues in healthcare systems 22

      4.4.2 Strict regulatory requirements 23

4.5 Impact Analysis of market restraints 24

4.6 Opportunities 25

      4.6.1 Non-invasive biosensors 25

      4.6.2 Emergence and growth of personalized medicine 25

4.7 Market Trends 26

      4.7.1 Miniaturization of sensors 26

      4.7.2 Growing product innovation 26

Chapter 5 Global market size and forecast 28

Chapter 6 Market size and forecast by technology 35

6.1 Electrochemical biosensors 35

6.2 Optical Biosensors 37

6.3 Piezoelectric biosensors 39

6.4 Thermistor biosensors 41

Chapter 7 Market size and forecast by application 43

7.1 Medical diagnostics 43

7.2 Food toxicity detection 46

7.3 Industrial process control 48

7.4 Environmental 50

7.5 Agricultural testing 52

Chapter 8 Market size and forecast by end user 55

8.1 Point of care testing 55

8.2 Home healthcare diagnostics 57

8.3 Research laboratories 59

8.4 Security and bio-defense 61

Chapter 9 Market size and forecast by geography 63

9.1 North America 63

9.2 Europe 65

9.3 Asia Pacific 67

Chapter 10 Competitive scenario 70

10.1 Competitive benchmarking 70

Chapter 11 Company profiles 72

11.1 Abbott Laboratories, Inc. 72

      11.1.1 Company overview 72

      11.1.2 Products and services 72

      11.1.3 Financial performance 73

      11.1.4 Recent developments 73

11.2 LifeSensors, Inc. 74

      11.2.1 Company overview 74

      11.2.2 Products and services 74

      11.2.3 Financial performance 74

      11.2.4 Recent developments 75

11.3 Siemens Healthcare 76

      11.3.1 Company overview 76

      11.3.2 Products and services 76

      11.3.3 Financial performance 77

      11.3.4 Recent developments 77

11.4 Nova Biomedical Corporation 78

      11.4.1 Company overview 78

      11.4.2 Products and services 78

      11.4.3 Financial performance 79

      11.4.4 Recent developments 79

11.5 Johnson & Johnson 80

      11.5.1 Company overview 80

      11.5.2 Products and services 80

      11.5.3 Financial performance 80

      11.5.4 Recent developments 81

11.6 Medtronic, Inc. 82

      11.6.1 Company overview 82

      11.6.2 Products and services 82

      11.6.3 Financial performance 83

      11.6.4 Recent developments 83

11.7 Hoffmann-La Roche, Ltd. 85

      11.7.1 Company overview 85

      11.7.2 Products and services 85

      11.7.3 Financial performance 86

      11.7.4 Recent developments 86

11.8 Bayer AG 88

      11.8.1 Company overview 88

      11.8.2 Products and services 88

      11.8.3 Financial performance 88

      11.8.4 Recent developments 89

11.9 TaiDoc Technology Corporation 90

      11.9.1 Company overview 90

      11.9.2 Products and services 90

      11.9.3 Financial performance 90      

      11.9.4 Recent developments 91

11.10 I-SENS, Inc. 92

      11.10.1 Company overview 92

      11.10.2 Products and services 92

      11.10.3 Financial performance 92

      11.10.4 Recent developments 92


List of Tables

TABLE 1 Market Snapshot: biosensors market (2014 and 2020) 11

TABLE 2 Globally rising prevalence of diabetics, by number of cases, 2010, 2013, and 2035 (million) 19

TABLE 3 Drivers for biosensor market: Impact analysis 21

TABLE 4 Out-of-pocket expenditure of developing and developed countries in 2010 23

TABLE 5 Restraints for global biosensor market: Impact analysis 24

TABLE 6 Some of the products launched by various companies 26

TABLE 7 Global biosensors market size, by region, 2010 – 2013 (USD million) 28

TABLE 8 Global biosensors market size, by region, 2014 – 2020 (USD million) 29

TABLE 9 Global biosensors market size, by technology, 2010 – 2013 (USD million) 30

TABLE 10 Global biosensor market size, by technology, 2014 – 2020 (USD million) 31

TABLE 11 Global biosensors market size, by application, 2010 – 2013 (USD million) 32

TABLE 12 Global biosensors market size, by application, 2014 – 2020 (USD million) 32

TABLE 13 Global biosensors market size, by end user, 2010 – 2013 (USD million) 33

TABLE 14 Global biosensors market size, by end users, 2014 – 2020 (USD million) 34

TABLE 15 Global electrochemical biosensors market size, by region, 2010 – 2013 (USD million) 36

TABLE 16 Global electrochemical biosensors market size, by region, 2014 – 2020 (USD million) 36

TABLE 17 Global optical biosensors market size, by region, 2010 – 2013 (USD million) 38

TABLE 18 Global optical biosensors market size, by region, 2014 – 2020 (USD million) 38

TABLE 19 Global piezoelectric biosensors market size, by region, 2010 – 2013 (USD million) 40

TABLE 20 Global piezoelectric biosensors market size, by region, 2014 – 2020 (USD million) 40

TABLE 21 Global thermistor biosensors market size, by region, 2010 – 2013 (USD million) 41

TABLE 22 Global thermistor biosensors market size, by region, 2014 – 2020 (USD million) 42

TABLE 23 Global medical diagnostic market size, by region, 2010 – 2013 (USD million) 44

TABLE 24 Global medical diagnostic market size, by region, 2014 – 2020 (USD million) 44

TABLE 25 Global medical diagnostic market size, by type, 2010 – 2013 (USD million) 45

TABLE 26 Global medical diagnostic market size, by region, 2014 – 2020 (USD million) 46

TABLE 27 Global food toxicity detection market size, by region, 2010 – 2013 (USD million) 47

TABLE 28 Global food toxicity detection market size, by region, 2014 – 2020 (USD million) 48

TABLE 29 Global industrial process control market size, by region, 2010 – 2013 (USD million) 49

TABLE 30 Global industrial process control market size, by region, 2014 – 2020 (USD million) 50

TABLE 31 Global environmental market size, by region, 2010 – 2013 (USD million) 51

TABLE 32 Global environmental market size, by region, 2014 – 2020 (USD million) 52

TABLE 33 Global agricultural testing market size, by region, 2010 – 2013 (USD million) 53

TABLE 34 Global agricultural testing market size, by region, 2014 – 2020 (USD million) 54

TABLE 35 Global point of care testing market size, by region, 2010 – 2013 (USD million) 55

TABLE 36 Global point of care testing market size, by region, 2014 – 2020 (USD million) 56

TABLE 37 Global home healthcare diagnostics market size, by region, 2010 – 2013 (USD million) 58

TABLE 38 Global home healthcare diagnostics market size, by region, 2014 – 2020 (USD million) 58

TABLE 39 Global research laboratories market size, by region, 2010 – 2013 (USD million) 60

TABLE 40 Global research laboratories market size, by region, 2014 – 2020 (USD million) 60

TABLE 41 Global security and bio-defense market size, by region, 2010 – 2013 (USD million) 61

TABLE 42 Global security and bio-defense market size, by region, 2014 – 2020 (USD million) 62

TABLE 43 The North American biosensor market size, by country, 2010 – 2013 (USD million) 64

TABLE 44 The North American biosensor market size, by country, 2014 – 2020 (USD million) 65

TABLE 45 The European biosensor market size, by country, 2010 – 2013 (USD million) 66

TABLE 46 The European biosensor market size, by country, 2014 – 2020 (USD million) 67

TABLE 47 The Asia Pacific biosensor market size, by country, 2010 – 2013 (USD million) 69

TABLE 48 Asia Pacific biosensor market size, by country, 2014 – 2020 (USD million) 69

TABLE 49 Major Abbott Laboratories products and services 72

TABLE 50 Major LifeSensors categories and products 74

TABLE 51 Siemens Healthcare major product categories 76

TABLE 52 Major Nova Biomedical Corporation products and categories 78

TABLE 53 Major Johnson & Johnson products and categories 80

TABLE 54 Major Medtronic products segments 82

TABLE 55 Hoffmann-La Roche, Ltd. major product categories 85

TABLE 56 Major Bayer Healthcare AG products and categories 88

TABLE 57 Major TaiDoc Technology Corporation products and categories 90

TABLE 58 Major I-SENS, Inc. products and categories 92


List of Figures 

FIG. 1 Biosensors market: Porter’s five force analysis 13

FIG. 2 Components of biosensors 16

FIG. 3 Applications of biosensors 17

FIG. 4 Aging population in major regions, 2000 – 2050 (% share in total population) 20

FIG. 5 Global biosensors market share, by region, by value, 2013 28

FIG. 6 Global biosensors market share, by technology, by value, 2013 30

FIG. 7 Global biosensors market share, by application, by value, 2013 31

FIG. 8 Global biosensors market share, by end user, by value, 2013 33

FIG. 9 Global electrochemical biosensors market share, by region, by value, 2013 35

FIG. 10 Global optical biosensors market share, by region, by value, 2013 37

FIG. 11 Global piezoelectric biosensors market share, by region, by value, 2013 39

FIG. 12 Global thermistor biosensors market share, by region, by value, 2013 41

FIG. 13 Global medical diagnostic market share, by region, by value, 2013 43

FIG. 14 Global medical diagnostic market share, by type, by value, 2013 45

FIG. 15 Global food toxicity detection market share, by region, by value, 2013 47

FIG. 16 Global industrial process control market share, by region, by value, 2013 49

FIG. 17 Global environmental market share, by region, by value, 2013 51

FIG. 18 Global agricultural testing market share, by region, by value, 2013 53

FIG. 19 Global point of care testing market share, by region, by value, 2013 55

FIG. 20 Global home healthcare diagnostics market share, by region, by value, 2013 57

FIG. 21 Global research laboratories market share, by region, by value, 2013 59

FIG. 22 Global security and bio-defence market share, by region, by value, 2013 61

FIG. 23 The North American biosensor market share, by country, by value, 2013 64

FIG. 24 The European biosensor market share, by country, by value, 2013 66

FIG. 25 The Asia Pacific biosensor market share, by country, by value, 2013 68

FIG. 26 Competitive benchmarking of the biosensor market 70

FIG. 27 Abbott Laboratories net sales and net earnings, 2011 – 2013 (USD million) 73

FIG. 28 Siemens Healthcare revenue and profit 2011 – 2013 (USD million) 77

FIG. 29 Johnson & Johnson sales and net earnings, 2011 – 2013 (USD million) 81

FIG. 30 Medtronic net sales and net earnings 2011 – 2013 (USD million) 83

FIG. 31 Roche sales and net income 2011 – 2013 (USD million) 86

FIG. 32 Bayer AG net sales and net income 2011 – 2013 (USD million) 89

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