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Biosensors Market Current Trend, Latest Development, Growth Estimation, Analysis by Size, Share, Global Demand Till 2031

Biosensors Market Current Trend, Latest Development, Growth Estimation, Analysis by Size, Share, Global Demand Till 2031
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Global Biosensors Market Size, Share & Trends Analysis Report 2021-2028: Major Deals And Strategic Alliances, New Product Launches, Acquisition, Partnerships, & Market Entry Strategies

Share this article Share this article ResearchAndMarkets.com s offering. The global biosensors market size is anticipated to reach USD 41.8 billion by 2028 and is expected to expand at a CAGR of 7.9% from 2021 to 2028. The rising prevalence of chronic conditions such as diabetes and obesity and the growing demand for early and accurate detection of any associated condition are the key driving factors for the market. Furthermore, the outbreak of COVID-19 has drastically spurred the demand for point-of-care testing devices. FDA is giving fast-track approvals to the companies owing to the shortage of these devices globally. For instance, in May 2020, Philips secured 510k FDA clearance for its wearable biosensor, which helps in managing confirmed and suspected cases of COVID-19 in hospitals, promoting biosensors technology and product development.

United statesLaura woodBayer agRising diabetic populationOffice hours callSysmex corporationE st office hours callStrategic diagnostics incCranfield biotechnology centreJohnson incLifescan incPinnacle technologies incEg ic sensors incPercon incInnovative biosensors incMarket size