The new report by Expert Market Research titled, ‘Switzerland Biosensors Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Switzerland biosensors market, assessing the market based on its segments like technology, application and end use.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 535 Million
- Forecast CAGR (2021-2026): 7.5%
- Forecast Market Size (2026): USD 825.7 Million
Biosensors are multi-disciplinary in nature, encompassing fields like biology, chemistry, physics, electronics, optics, instrumentation, among others and find usefulness in different industries. In food industry, biosensors help check and maintain safety, quality, and authenticity. They are used to identify particular compounds in food and any potential contaminants or toxins, given food items are perishable.
Since, companies need to maintain themselves according to the various standard regulations, it helps boost the demand for biosensors. Additionally, biosensors are helpful in screening and monitoring of health of people, identifying the cause or origin of a disease, environmental scrutiny, criminology, among others which collectively drive a strong market for it.
Industry Definition and Major Segments
Biosensor or biological sensor are a device that is made up of a bioreceptor and transducer. A bioreceptor is a biological component like an enzyme, an antibody or a nucleic acid that can detect specific target analyte. This biological element interacts with the analyte being tested and the resulting biochemical signal is converted into an electrical signal by the transducer.
The distinguished technologies available in the market are:
- Thermal Biosensors
- Electrochemical Biosensors
- Piezoelectric Biosensors
- Optical Biosensors
Based on applications, the market is segmented into:
- Biosensors in Medical
- Cholesterol Testing Biosensors
- Blood Gas Analyzer Biosensor
- Pregnancy Testing Biosensors
- Drug Discovery Biosensors
- Infectious Disease Testing Biosensors
- Biosensors in Food Toxicity Detection
- Biosensors in Bioreactors
- Biosensors in Agriculture
- Biosensors in Environment
The end uses involved in the market are:
- Biosensors in Home Healthcare Diagnostics
- Biosensors in POC Testing
- Biosensors in Food Industry
- Biosensors in Research Laboratories
- Biosensors in Security and Bio-Defence
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The technological advancements in optical quantum dots which are expected to bring new application advantages in biopharmaceutical development and proteomic analysis will drive the market for biosensors in Switzerland. Additionally, the rise of nanoparticle-based electrochemical biosensors will reinforce the market too.
The growing usage of biosensors in the cosmetic industry and for environmental analysis is also pushing the Switzerland market for biosensors ahead. With innovation and advances in device technology, the application of biosensors will increase further and will help in detecting what other traditional sensing systems are not capable of identifying, therefore, propelling the scope of the market.
Key Market Players
The major players in the market are Abbott, Biosensor International Group, Ltd., Bayer AG, Xsensio, Lucentix SA, Sensirion AG Switzerland, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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