Biochemical Sensor Market Size, Share, Report, Analysis, Trends & Forecast to 2026

According to Stratistics MRC, the Global Biochemical Sensor Market is accounted for $17.63 billion in 2017 and is expected to reach $69.04 billion by 2026 growing at a CAGR of 16.3% during the forecast period.

Gaithersburg, MD, US - June 14, 2018 /MarketersMedia/ —

Increasing demand from the healthcare sector, rising awareness among people regarding wearable technology and government schemes aimed towards determining food safety are impelling the market growth. However, limited commercialization due to complex product design and incompatibility in real world application is hindering the market growth.

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Bio Chemical Sensors is a type of sensor that is used to transfer any biological or chemical sample into analytical or electrical signal by means of the help of transducers. Moreover, it is broadly used in examining food quality, environmental monitoring, medical diagnosis and defense & safety. Government proposals encourage biochemical sensors usage in agriculture. In addition, it is used in clinical trials and in the diagnosis of chronic ailments.

By Product Type, Electrochemical Sensor segment accounted for the largest market share due to its high sensitivity and huge demand in chemical diagnosis. Amongst application, Clinical Diagnosis segment dominated the global market owing to wide usage during pregnancy test and diagnosis of glucose level in blood sample.

By geography, North America is anticipated to dominate the market due to the substantial investment in the military and defense sectors will boost the demand for biochemical sensors.

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Some of the key players in the global biochemical sensor market include Microchip Technology Inc., Nova Biomedical Corporation, Polestar Technologies Inc., Texas Instrument Inc., Thermo Fisher Scientific, Melexis, Bio-Rad Laboratories Inc., GE Healthcare, Universal Biosensor Inc. amd Honeywell International Inc.

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Film Deposition Materials Covered:
• Aluminium Oxide (Al203)
• Silicon Oxide (Si02)
• Titanium Oxide (Ti02)
• Fluorine Doped Tin Oxide (Sn02:F)
• Other Deposition Materials

Product Types Covered:
• Piezoelectric Sensor
• Gas Sensor
• Optical Sensor
• Electrochemical Sensor
• Thermal Sensor

Applications Covered:
• Military
• Food Quality Control
• Clinical Diagnosis
• Environmental Monitoring
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: info@strategymrc.com
Organization: Stratistics Market Research Consulting Pvt Ltd

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Source: MarketersMedia

Release ID: 360052

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