North America Grabs Major Share of Global Electrochemical Biosensors Market, States MRFR in Its Topical Report Available at MarketPublishers.com17 Oct 2017 • by Natalie Aster
LONDON – Up to 2022, the worldwide electrochemical biosensors market is projected to increase at a high 9.7% CAGR to go beyond the value of USD 23.7 billion.
On the basis of applications, the diagnosis segment grabs the biggest market share (appr. 54%); growth in this segment is fueled by enhancing need for analyses in the clinical field with reliable analytical devices and methods. The diagnosis segment of the electrochemical biosensors market is forecast to grow at a 9.5% CAGR during 2017-2022.
Region-wise, the world’s electrochemical biosensors market is led by North America, which accounted for share of nearly 43% in 2016 and was evaluated at over USD 5.25 billion. Through 2022, the North American electrochemical biosensors market is poised to exhibit a 9.4% CAGR. The highest CAGR is expected in the APAC electrochemical biosensors market, which is set to grow at a 10% CAGR up to 2022.
Abbott Laboratories, F. Hoffmann-La Roche AG, Bayer AG, Medtronics, Siemens Healthcare GmbH and I-SENS are some of the prominent companies involved in the electrochemical biosensors industry.
In-demand research report “Global Electrochemical Biosensors Market Trends & Forecast 2017 To 2022” created by Market Research Future (MRFR) grants access to a detailed analysis of the worldwide electrochemical biosensors market structure, landscape, segmentation and dynamics. It contains valuable data on the key market growth restraining and fueling forces, points out the emerging growth threats and opportunities, sheds light on the prevailing market development trends and also provides a clear picture of the competitive scenario. Moreover, the report touches upon the historical background of the electrochemical biosensors market, characterises the current situation at different geographies and outlines future possible trends and prospects. Future forecasts through 2022 and profiles of top companies are also at hand in this publication.
A full list of the publisher’s research reports can be found in the MRFR online catalogue at MarketPublishers.com.