Increasing Innovations in Biomedical Industry to Thrive the Global Advanced Biosensor Material Market During 2021-26

The market growth primarily attributes to the ability of biosensors to assess health status, diseases onset & progression, and various other diagnostics.

In addition, the rapid technological advancements & non-medical applications have extensively enhanced the utilization of biosensors, owing prominently to their precise & powerful analytical tools.  Besides, massive investments by the market giants & governments of different countries in the research & development of biosensors have enabled the market to gain significant momentum worldwide.

Healthcare Sector Acquired Significant Share of the Global Advanced Biosensor Material Market

The rapid innovations across the biomedical industry propelling the demand for biosensors for several applications is the prime aspect that led the healthcare sector to attain a significant market share in recent years.

Additionally, the rising healthcare costs shall establish greater requirements for biosensors to monitor health conditions remotely through tests like Point-of-Care. Furthermore, the demand for biosensors observed a significant rise amidst the Covid-19 pandemic to monitor symptoms & track health. The trend is expected to continue in the coming years as well and change the market dynamics.

On the other hand, region-wise, North America displayed substantial market growth during the historical period, mainly due to various government initiatives toward technological advancements in producing advanced biosensor materials through intense R&D. 

Additionally, the increasing adoption of biosensors to monitor health conditions like glucose levels in diabetic patients, coupled with the growing demand for home-based point-of-care devices, principally since the Covid-19 pandemic, also supported the market growth across North America, reveals MarkNtel Advisors in their research report, "Global Advanced Biosensor Material Market Analysis, 2021."

In the region, the US observed considerable market growth in the previous years, and the same trend is likely to be followed in the forecast years. Owing to the rapidly advancing Internet of Things (IoT) devices, the country underwent massive transformations in healthcare applications. Providing facilities like real-time tracking, alerts, & monitoring and allowing relevant intervention by doctors for better accuracy & improved patient care contributed to the market growth across the US healthcare sector.

Key Market Competitors

According to MarkNtel Advisors, the leading players in the Global Advanced Biosensor Material Market are Canum Nanomaterials, Spherotech, ChitoLytic, FUJIFILM Wako Chemicals USA Corporation, Sappi, Angene International Limited, Tecamax Srp (Ensinger), Aonomy Specialty Polymers Pvt Ltd. (Ormecon Pvt. Ltd.), Hangzhou J&H Chemical Co., Ltd., QCR Solutions Corp, Archer Materials, Cardea Bio, Grapheal, and Hememics Biotechnologies.

Key Questions Answered in the Study

1. What are the current & future trends in the Global Advanced Biosensor Material Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across the globe, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Advanced Biosensor Material Market?
5. What are the customer orientation, purchase behavior, and expectations from the advanced biosensor material providers across the globe?

Market Segmentation:

1. By Biosensor Type (Wearable Biosensors & Non-Wearable Biosensors)
2. By Components (Bioreceptors, Transducer, Signal Processor, and Display Interface)
3. By Material Type (Nanomaterials (Metallic Nanomaterials & Carbon-Based Nanomaterials) and Polymers (Polyacetylene (PA), Polyaniline (PANI), Polypyrrole (PPy), Polythiophene (PTH), Poly(Para-Phenylene) (PPP), Chitosan, and Cellulose)
4. By Technology (Clinical (Biocatalyst Biosensors, Whole-Cell Biosensors, and Aptasensors), and Non-Clinical (Electrochemical Biosensors, Optical/Visual Biosensors, Thermal Biosensors, and Nanomechanical Biosensors)
5. By Application (Disease Screening & Diagnosis, Pathogen & Drug Discovery, Industrial Processing & Monitoring, Veterinary & Agricultural Application, and Environmental Pollution Control)
6. By End User (Agriculture, Healthcare, Food Industry, Biodefense & Security, and Research Laboratories)
7. By Region (North America, South America, Europe, Asia-Pacific, Middle East, and Africa)
8. By Countries (US, Canada, Mexico, Brazil, Rest of South America, Germany, France, Italy, Spain, Rest of Europe, UAE, Israel, South Africa, Rest of the Middle East & South Africa, China, India, South Korea, and Japan)
9. By Competitors (Canum Nanomaterials, Spherotech, ChitoLytic, FUJIFILM Wako Chemicals USA Corporation, Sappi, Angene International Limited, Tecamax Srp (Ensinger), Aonomy Specialty Polymers Pvt Ltd. (Ormecon Pvt. Ltd.), Hangzhou J&H Chemical Co., Ltd., QCR Solutions Corp, Archer Materials, Cardea Bio, Grapheal, HeMemics Biotechnologies)