In a recent published report, Kenneth Research has updated the market report for Biochemical Sensor Market for 2024 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2024- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Biochemical Sensor Market is forecasted to reach $51 billion by 2024; growing at a CAGR of 14.6% from 2016 to 2024. Biochemical sensor is a type of sensor, which is used to transform any biological or chemical sample into analytical or electrical signal with the help of transducers. These sensors are highly used in the field of medical diagnosis, environmental monitoring, examining food quality and defence & safety. Increasing health awareness along with support from government initiatives for ensuring food safety which show increased biochemical sensor market trends. Advancement in material chemistry & wireless sensor network, rising health awareness, rising incidents of motor vehicle accidents and increasing oil extraction are the key factors driving the global biochemical sensor market. However, limited commercialization due to complex product design along with incompatibility in real world application would restrain the market growth in coming years. Increasing application of wearable biochemical sensors in bio surveillance and defence would provide several growth opportunities for the market in coming years.
The global biochemical sensor market is bifurcated on the basis of film deposition material, product and application. By film deposition material, the market is further divided into silicon oxide (SiO2), titanium oxide (Tio2), fluorine doped tin oxide (SnO2:F) and aluminium oxide (AL2O3). The silicon oxide (SiO2) segment accounted for the largest market share in the overall film deposition material segment in 2016, due to its small size and extensive utilization in clinical diagnosis devices and environmental monitoring devices. By product, the market is segmented into gas sensor, thermal sensor, piezoelectric sensor, optical sensor and electrochemical sensor.
The electrochemical sensor segment accounted for the largest market share in 2016, owing to its high sensitivity and huge demand in chemical diagnosis. By application, the market is bifurcated into food quality control, environmental monitoring, clinical diagnostics, military, and others. The clinical diagnostics segment dominated the application segment accounting for more than one-third of the total market share in 2016, driven by its extensive usage during pregnancy test and diagnosis of glucose level in blood sample.
Geographically, the global biochemical sensor market is segmented into North America (U.S., Mexico and Canada), Europe (Germany, UK, France, Russia, Italy, and others), Asia-Pacific (China, India, Japan, and others) and RoW (South America, Middle East and Africa).
Major companies operating in the biochemical sensor market are GE Healthcare, Texas Instrument Inc., Thermo Fisher Scientific., Microchip Technology Inc., Polestar Technologies Inc., Bio-Rad Laboratories Inc., Universal Biosensor Inc., Honeywell International Inc., Melexis, and Nova Biomedical Corporation, among others.
The key takeaways from the report:
The report will provide detailed analysis of the Global Biochemical Sensor Market with respect to major segments such as film deposition material, product and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities of the Global Biochemical Sensor Market. An exhaustive regional analysis of Biochemical Sensor Market from 2015 to 2024 has been included in the report.
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Profile of the key players in the Biochemical Sensor Market, will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Biochemical Sensor Market
Film Deposition Material Segments
Silicon Oxide (SiO2)
Titanium Oxide (Tio2)
Fluorine Doped Tin Oxide (SnO2:F)
Aluminium Oxide (AL2O3)
Product Segments
Gas Sensor
Thermal Sensor
Piezoelectric Sensor
Optical Sensor
Electrochemical Sensor
Application Segments
Food Quality Control
Environmental Monitoring
Clinical Diagnostics
Military
Others
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Geographical Segments
North America
US
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Others
Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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