Biosensors Market Size, Share & Trends Analysis Report By Technology, By Application, By End-user And Segment Forecasts, 2023 - 2030
NEW YORK, March 13, 2023 /PRNewswire/ -- Biosensors Market Size, Share & Trends Analysis Report By Technology (Thermal, Optical), By Application (Medical, Food Toxicity), By End-user (Home Healthcare Diagnostics, POC Testing), And Segment Forecasts, 2023 - 2030
- NEW YORK, March 13, 2023 /PRNewswire/ -- Biosensors Market Size, Share & Trends Analysis Report By Technology (Thermal, Optical), By Application (Medical, Food Toxicity), By End-user (Home Healthcare Diagnostics, POC Testing), And Segment Forecasts, 2023 - 2030
The global biosensors market size is anticipated to reach USD 49.8 billion by 2030, registering a CAGR of 8.0% over the forecast period. - Moreover, the pandemic led to the rapid expansion of the biosensor industry due to an increase in the number of hospitals worldwide.
- Over the forecast period, technological advancements are expected to be significant growth drivers for the industry.
- For example, in January 2022, a U.S. medical device manufacturer, Abbott, launched a universal consumer wearable device with biosensors.