Biosensors Market:- In the past few years, the demand for point-of-care testing (POCT) has risen considerably, which is further creating need for portable and integrated devices. A POCT is a test which can be performed at or near the site of patient whenever the medical care is required. The technique has become an indicator of in vitro diagnosis, which is ascribed to its rapid, simple, low cost, and portable nature. The patient can be provided with result immediately outside of a laboratory, which is why POCT is also being widely utilized in hospitals as well. POCT further aids in improving patient care through remote patient care monitoring.
As biosensors have characteristics such as high efficiency,
ease of automation and miniaturization, rapid, sensitive, and portable nature,
their demand is increasing for POCT technology.
Biosensors are basically analytical devices which convert a biological response into an electrical signal.
The devices typically consist of components including
transducer, analyte, electronics, bioreceptor, and display for measuring chemical or biological reactions by generating signals that are proportional to the concentration of an analyte in the reaction.
The biosensors market is projected to advance at a considerable pace in the years to come.
Different biosensor technologies are:-
piezoelectric, electrochemical, optical, and thermal. Out of these, the demand for electrochemical and optical biosensors is predicted to increase substantially in the coming years.
Some of the major end users of these biosensors are food industry,
POCT, research laboratories, security and bio-defense, and home diagnostics.
A major reason for the growing adoption of biosensors in these industries is the miniaturization of these devices.
While before, bulky instruments were utilized for detecting and diagnosing,
these days, the demand for portable and integrated biosensors is rising for applications in healthcare and food industries.
Due to this, the manufacturers are increasingly focusing on reducing the size of biosensors.
One of the major trends witnessed in the biosensors market is the miniaturizations of sensors.
Traditionally, huge and bulky instruments were used for detection and diagnosis.
In addition, well-trained staff was needed for performing the tests.
The completion of a single test required multiple days.
However, the increasing need for portability and integration of biosensors in the applications of health,
food and environment began to majorly influence the size of sensors. Currently,
the demand for miniaturization of biosensors is increasing due to improved electrochemical properties of micro-electrodes.
Agricultural testing, medical testing, environment, industrial process, and food toxicity are some of the major application areas of biosensors. The largest demand for biosensors is expected to be created for medical testing applications in the near future. This is attributed to the extensive usage of glucose biosensors for the diagnosis of diabetes mellitus, which needs precise control over blood-glucose levels. In addition to this, biosensors are also being utilized in the medical field for diagnosing infectious diseases. Other than this, the demand for biosensors is also predicted to rise substantially for environment applications in the coming years.
While in the past
North America created the major demand for biosensors,
the need for these devices is also projected to grow in Asia-Pacific,
making the region the fastest growing biosensors market in the years to come.
This can be ascribed to the rising awareness regarding clinical outcomes,
surging geriatric population, increasing prevalence of diabetes,
large population base, and technological advancements in in the field of medical devices and equipment in the region.
Hence, the demand for biosensor is rising on account of the growing adoption of POCT.