Friday, 7 October 2016

Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020: Key Trends, Analysis and Forecast Opportunities

ResearchMoz added Latest Research Report titled " Global Market Study on Biosensor: Asia-Pacific to Witness Highest Growth by 2020 " to it's Large Report database.

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.

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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.

Table of Content

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 Porters 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
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