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Biosensors Market Poised to Reach $49.3 Billion Globally by 2030, with Substantial Growth in Wearable and Non-Wearable Segments

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Biosensors Market

Biosensors Market
Biosensors Market

Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Biosensors - Global Strategic Business Report" report has been added to's offering.

The comprehensive analysis and insightful data within the latest strategic business report on the global Biosensors market highlights a significant growth trajectory for the industry, with forecasts indicating a market expansion from US$28.5 billion in 2022 to an estimated US$49.3 billion by 2030. A robust compound annual growth rate (CAGR) of 7.1% is anticipated for the review period of 2022-2030.

This extensive report brings to light the segment-wise growth potential with a special focus on non-wearable biosensors, which are poised to exhibit a 6.5% CAGR, reaching a significant value of US$25.9 billion by the end of the forecast period. The wearable biosensors segment is not far behind, as it is estimated to flourish at a faster CAGR of 7.8% through 2030.

In the latest findings, the United States Biosensors market stands out, valued at US$11.2 billion in 2022, set to maintain a sturdy incremental growth path. Meanwhile, China is rapidly emerging as a formidable market, projected to attain a robust 8.6% CAGR within the tenure reaching up to 2030. Offering additional insights, the report covers the Japanese and Canadian markets, each projected to ascend at 5.9% and 6.7% CAGR, respectively, throughout the span of 2022-2030. Germany's market is also set to bolster at a CAGR of approximately 6.4%.

Competitive Landscape and Market Dynamics

The research canvasses an array of influential competitors within the Biosensors market, featuring 119 notable entities. Among them are key industry titans such as:

  • Abbott Laboratories

  • Bio-Rad Laboratories, Inc.

  • Cytiva

  • Dexcom, Inc.

  • Masimo Corporation

  • Medtronic Plc

  • Nova Biomedical

  • Siemens Medical Solutions USA, Inc.

  • Thermo Fisher Scientific Inc.

  • WaveForm Technologies, Inc.

The overarching economic outlook remains promising, and although challenged by an array of global issues, business sentiment continues to take a turn for the positive, buoyed by technology advancements and resilient market strategies. As geopolitical uncertainties persist and inflationary pressures impact economies, the landscape becomes a complex mix of hurdles to be navigated by corporations and investors alike.

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$28.5 Billion

Forecasted Market Value (USD) by 2030

$49.3 Billion

Compound Annual Growth Rate


Regions Covered


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