Biosensors were first introduced in 1962 with the development of enzyme electrodes by scientist Leland C. Clark. Since then, research communities from fields such as very large scale integration, chemistry, physics, and material science have come together to develop more reliable, sophisticated, and mature biosensors. These biosensors found their applications in the field of medicine, biotechnology, agriculture, as well as military and bioterrorism detection and prevention.
A major application of these devices is in blood glucose sensing because of the high market potential of glucose monitors. Biosensors have also shown a huge potential for commercialization in other fields of application such as biosensor-based instruments in environmental sampling and food and beverage production as well as in non-invasive instruments for clinical analysis.
The report forecasts the global biosensor market for non-clinical applications to grow at a CAGR of 11.58% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global biosensor market for non-clinical applications for 2016-2020. To calculate the market size, the analyst considers the sale of biosensors for non-clinical applications. For healthcare applications, we have only considered revenue generated from the sale of biosensor-integrated fitness trackers.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the strengths and weaknesses of the key vendors?