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Asia Pacific Biosensors Market (2015-2023) – Grow Pricing, Features, Reviews & Comparison of Alternatives

Thursday, March 16, 2017 3:12
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Latest industry research report on Biosensors Market. Biosensors are integrated medical devices that provide analytical information by using the given biological samples in micro-volumes. The biosensors comprise of three major components, which include the biological recognition unit, bio elements, and transducers. The biological recognition unit interacts with the given biological samples, bio-elements, which constitute enzymes, living tissues, antibodies, and transducers transform the signals generated from the interaction of bio-elements with biological recognition unit into an electrical signal.

Biosensors are innovative/advanced-technology devices used in ultra-microanalysis, which offer high-quality output, accuracy, precision, specificity and sensitivity, within affordable prices. Thus, biosensors are considered as essential devices with the ability of quick detection and are ideal in offering low-cost, easy, quick, and portable solutions.

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Increasing prevalence of chronic and lifestyle-induced diseases, rising demand for POCT (point-of-care testing), growing geriatric population, and the biosensors application in nanotechnology are key drivers for the growth of this market.

Moreover, non-invasive/minimal invasive biosensors and growth/emergence of personalized medicines would offer stellar opportunities for the key/new participants in this market. However, issues regarding the reimbursement policies of healthcare system, strict regulatory requirements, and high cost of R&D, are likely to hinder the biosensor market growth

The Asia-Pacific region is the most lucrative market owing to the increasing demand for biosensor devices, a broad reach of health insurance, a large population base, and constant advancements in the healthcare systems.

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Countries such as China, India, Australia and Japan are contributing towards the growth of this market due to the easy approachability of skilled labor, favorable government initiatives and a larger population base.

The Asia Pacific biosensors market is segmented into four major categories: application, technology, end users, and geography.

BY APPLICATION

  • Food toxicity detection
  • Industrial process control
  • Medicine/diagnostics
  • Environment
  • Agriculture
  • Others (drug abuse prevention, bio-defense, etc.)

BY TECHNOLOGY

  • Electrochemical
  • Thermal
  • Optical
  • Piezoelectric

BY END USERS

  • Home healthcare diagnostics
  • Point of care testing
  • Security and bio-defense
  • Research laboratories
  • Food industry

BY GEOGRAPHY

  • China
  • Japan
  • India
  • Australia
  • Others

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