Biosensors Industry Forecast Report 2025-2034 - The U.S. Biosensors Market Thrives Amid Regulatory Challenges with Innovation and Partnerships Fuelling Expansion
The demand for portable biosensors is escalating, notably in Asia-Pacific and Europe, fueled by chronic disease management needs, such as diabetes and cardiovascular monitoring. Industry growth is supported by technological advancements, increased R&D, and strategic collaborations.
Biosensors Market
Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Biosensors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" report has been added to ResearchAndMarkets.com's offering.The Global Biosensors Market was valued at USD 32.3 billion in 2024 and is estimated to grow at a CAGR of 7.9% to reach USD 68.5 billion by 2034, driven by increasing applications of biosensors across several sectors, particularly healthcare, where they play a crucial role in detecting biological signals. Additionally, the expanding use of biosensors in drug discovery and biomedicine further supports the market's growth. The growing demand for portable biosensors, especially in regions like Asia-Pacific and Europe, alongside technological advancements, is key factor propelling the industry.
Another key factor driving the growth of the biosensors market is the increasing prevalence of chronic conditions, such as diabetes and cardiovascular diseases, which require continuous monitoring and management to avoid serious complications. For example, diabetes, if left unmanaged, can lead to severe health issues like kidney failure, stroke, or lower limb amputations. This has led to a growing demand for devices that can offer real-time monitoring of blood glucose levels, allowing patients to take immediate action when necessary. In addition to diabetes, cardiovascular diseases are also on the rise, creating an increasing need for early detection and ongoing management through advanced diagnostic tools like biosensors. These technologies are helping improve patient outcomes by providing timely data that allows for more precise treatment plans.The non-wearable biosensor segment accounted for USD 20.7 billion in 2024. These sensors, integrated into diagnostic devices used for point-of-care testing, are valued for their ease of use, high accuracy, and ability to provide immediate results without continuous user interaction. As healthcare providers seek efficient and timely diagnostic tools, the demand for these non-wearable devices is expected to rise. Technological innovations such as improved sensitivity, miniaturization, and digital connectivity enhance their effectiveness and usability in clinical settings.The electrochemical biosensor segment holds a substantial share of the market, representing 41.6% share, which was USD 13.4 billion in 2024. These biosensors are widely used in medical devices such as glucose meters for diabetic patients and in systems that monitor cardiac biomarkers and blood gases. The increasing prevalence of chronic conditions, including cardiovascular diseases and diabetes, drives the demand for electrochemical sensors as essential diagnostic tools.United States Biosensors Market generated USD 10.2 billion in 2024, driven by the rising number of chronic disease cases, especially diabetes and heart-related conditions. Despite a strict regulatory environment, the U.S. remains a hub for the development, approval, and commercialization of innovative medical technologies, including biosensors. Regulatory bodies like the FDA are increasingly focused on accelerating the approval process for new biosensor technologies, recognizing their critical role in improving healthcare outcomes.To strengthen their position in the market, companies are focusing on innovation and partnerships. Many firms invest heavily in R&D to develop more advanced biosensor technologies with greater sensitivity and precision. Collaborations with healthcare providers and research institutions help in driving innovation. Furthermore, some companies are working to expand their product portfolios to cater to various medical needs, such as disease-specific biosensors and wearable health monitoring devices. Market leaders, such as Thermo Fisher Scientific, Masimo, and Danaher, are adopting these strategies to enhance their market presence and remain competitive in this rapidly growing industry.Comprehensive Market Analysis and Forecast
Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
Competitive landscape with Porter's Five Forces and PESTEL analysis
Market size, segmentation, and regional forecasts
In-depth company profiles, business strategies, financial insights, and SWOT analysis
Key Attributes
Report Attribute
Details
No. of Pages
128
Forecast Period
2024-2034
Estimated Market Value (USD) in 2024
$32.3 Billion
Forecasted Market Value (USD) by 2034
$68.5 Billion
Compound Annual Growth Rate
7.9%
Regions Covered
Global
Key Topics Covered
Chapter 1 Methodology and ScopeChapter 2 Executive Summary2.1 Industry 360 degree synopsisChapter 3 Industry Insights3.1 Industry ecosystem analysis3.2 Industry impact forces3.2.1 Growth drivers3.2.1.1 Growing application of biosensors in medical field3.2.1.2 Rising prevalence of diabetes globally3.2.1.3 High demand for portable biosensors in Asia-Pacific and Europe3.2.1.4 Increasing technological advancements3.2.2 Industry pitfalls and challenges3.2.2.1 Stringent regulatory scenario3.2.2.2 High cost of product development3.3 Growth potential analysis3.4 Regulatory landscape3.5 Trump administration tariffs3.5.1 Impact on trade3.5.1.1 Trade volume disruptions3.5.1.2 Country-wise response3.5.2 Impact on the industry3.5.2.1 Supply-side impact (Cost of manufacturing)3.5.2.1.1 Price volatility in key materials3.5.2.1.2 Supply chain restructuring3.5.2.1.3 Production cost implications3.5.2.2 Demand-side impact (Cost to consumers)3.5.2.2.1 Price transmission to end markets3.5.2.2.2 Market share dynamics3.5.2.2.3 Consumer response patterns3.5.3 Key companies impacted3.5.4 Strategic industry responses3.5.4.1 Supply chain reconfiguration3.5.4.2 Pricing and product strategies3.5.4.3 Policy engagement3.5.5 Outlook and future considerations3.6 Technological landscape3.7 Future market trends3.8 Gap analysis3.9 Porter's analysis3.10 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Company matrix analysis4.4 Competitive analysis of major market players4.5 Competitive positioning matrix4.6 Strategy dashboardChapter 5 Market Estimates and Forecast, by Type, 2021-2034 ($ Mn)5.1 Key trends5.2 Wearable5.3 Non-wearableChapter 6 Market Estimates and Forecast, by Technology, 2021-2034 ($ Mn)6.1 Key trends6.2 Electrochemical6.3 Optical6.4 Thermal6.5 Piezoelectric6.6 Other technologiesChapter 7 Market Estimates and Forecast, by Applications, 2021-2034 ($ Mn)7.1 Key trends7.2 Blood glucose testing7.3 Cholesterol testing7.4 Blood gas analysis7.5 Pregnancy testing7.6 Drug discovery7.7 Infectious disease testing7.8 Other applicationsChapter 8 Market Estimates and Forecast, by End Use, 2021-2034 ($ Mn)8.1 Key trends8.2 Point of care testing8.3 Home healthcare diagnostics8.4 Research laboratories8.5 Other end usersChapter 9 Market Estimates and Forecast, by Region, 2021-2034 ($ Mn)9.1 Key trends9.2 North America9.2.1 U.S.9.2.2 Canada9.3 Europe9.3.1 Germany9.3.2 UK9.3.3 France9.3.4 Spain9.3.5 Italy9.3.6 Russia9.3.7 Switzerland9.4 Asia-Pacific9.4.1 China9.4.2 Japan9.4.3 India9.5 Latin America9.5.1 Brazil9.5.2 Mexico9.6 Middle East and Africa9.6.1 South Africa9.6.2 Saudi Arabia
Chapter 10 Company Profiles10.1 Abbott Laboratories10.2 ARKRAY10.3 Bio-Rad Laboratories10.4 Biosensors International Group10.5 Dexcom10.6 Danaher10.7 F. Hoffmann-La Roche10.8 Masimo10.9 Nova Biomedical10.10 Platinum Equity Advisors10.11 PHC Holdings10.12 Pinnacle Technology10.13 Siemens Healthineers10.14 Thermo Fisher Scientific10.15 Trividia HealthFor more information about this report visit https://www.researchandmarkets.com/r/1l214u
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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