Nano Biosensor Market Anticipated to Grow at Much Faster Rate in Upcoming Years 2023 – 2029: Medtronic, Siemens, ROCHE
Published Via 11Press : According to HTF Market Intelligence, The market for global nano biosensors is anticipated to grow at a CAGR of 7.58 percent from 2023 to 2029
Nano Biosensor Industry Background: Nano biosensors, which are cutting-edge sensors based on nanobiotechnology, are sensitive, expertly constructed, and non-invasive devices. Quick, simple-to-collect response data from nano biosensors can be evaluated. The nano biosensors utilise nanomaterials such as nanotubes, nanowires, nanoparticles, nanocrystals, and nanocomposites. Nano biosensors can be used for a range of activities, including determining if an ecosystem has enough healthy soil and accessible groundwater. With the aid of this compact, portable technology for the agricultural sector, local soil conditions can be observed and managed by farmers. Before illnesses manifested, soil fertility, pH, moisture content, mineral concentrations, and insect identification were studied using nano biosensors. Due to technological breakthroughs, innovations, and cheap costs, the market for nano biosensors is anticipated to expand successfully. The availability of point-of-care testing methods also contributes to the increase in demand for biosensors, as most POC tests are carried out near to patient care locations and require little in the way of complicated infrastructure or specialised training. The fact that more people are aware of easy, doable ways to get test results faster has an impact on the rising requirement. The maturity of a significant end-user group, however, is now restricting the market for nano biosensors.
Environmental monitoring is a global issue due to the tight connection between environmental contamination and human health. This growth is mostly caused by this. To identify and track pollutant levels in natural water bodies (such as pesticides, poisons, bacteria, and drug residues), numerous analytical techniques and methodologies have been developed. Real-time measurements of contaminants in the field are the newest trend in contemporary analysis. For this end, biosensors have been deployed as quick and inexpensive analytical procedures.
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The report offers several leading players-
- Abbott Point of Care, Inc.
- Medtronic Inc.
- Siemens Ag
- ROCHE LTD.
- Robert Bosch
- Bayer Healthcare Ag
- Lifescan, Inc
- Agilent Technologies, Inc.
- Bruker Corporation
- NXP
- Semiconductors N.V
Key Market Segmentation:
By Type
- Nanoparticle-Based Sensors
- Nanotube-Based Sensors
- Nanowire Based Sensors
By Application
- Biological Application
- Environmental Application
| Attributes | Details |
| Study Time | 2018-2029 |
| Base Year | 2022 |
| Forecast Period | 2023-2029 |
| Value Unit | USD (Million) |
| Dominating Type | Nanowire Based |
| Dominating Type % Share | 8.36% |
| Scope customization | Subject to practicality, the final deliverable may include more portions, a different country, or both. Buy the Nano Biosensor Market research and receive customization. |
Influencing Trend:
- The healthcare and biomedical industries are the main initial markets for nano biosensors because there is a rising need for quick, small, accurate, and portable diagnostic sensing technologies. Urgent care centres (UCC) and retail clinic centres (RC) have grown in popularity as people seek out more convenient healthcare as a result of the long wait times they see in emergency rooms. The population of the globe is expected to surpass 8.5 billion by 2030, and it will continue to increase exponentially until it reaches 9.8 billion by 2050, creating difficulties for the harvesting of food and natural resources.
- Other key problems include shrinking land area, a shortage of food and crops, competition for natural resources, and an emphasis on boosting crop yield in unfavourable environmental conditions. The microbial contamination of food during processing and storage is another problem that is raising alarms across the globe.
Market Growth Drivers:
- Due to the close link between environmental contamination and human health, environmental monitoring is a top issue worldwide. Numerous analytical techniques and approaches have been developed to detect and monitor the presence of pollutants in natural water bodies, including pesticides, poisons, microbes, and drug residues.
- The most recent innovation in modern analysis is real-time contamination measurement in the field. Biosensors have been used as quick and affordable analytical techniques to this purpose. A biosensor is a device that recognises or measures a biological substance, like a particular protein or DNA sequence.
- Affinity-based biosensors, or those that use an immobilised capture probe to specifically bind the chemical being sensed, are common. Detecting a target in solution is now more difficult than detecting a change at a specific surface, depending on the target or analyte.
Challenges:
- We talk about some of the biggest obstacles to the development of biosensors. These challenges include detection limit, detection time, and specificity.
- Finding a technology that is suitable while keeping the maximum sensitivity and specificity presents considerable problems when creating biosensor systems. The ability of a biosensor to discriminate between target and non-targeted biological organisms in a sample is considered to be its most crucial characteristic, making specificity the most significant characteristic of a biosensor.
- The detection time of a sensor becomes crucial when checking the quality of a product on a production line for food processing. In order to cut storage costs and the time it takes for the product to hit the market, the quality control test needs to be finished as soon as possible.
Opportunities:
- North America currently holds the highest market share as a result of innovation efforts undertaken by the government and academic organisations.
- According to the World Health Organisation, diabetes has been rising quickly in recent years, with lower- and middle-income countries seeing the biggest growth, and it may impact 580 million people by 2035. Thus, US and Brazilian scientists developed a less invasive diagnostic for diabetics in November 2019 utilising a glasses-based biosensor that can detect blood glucose levels through a person’s tears.
- A collaboration between San Diego-based Roswell Biotechnologies and nanotech pioneer Imec will result in the commercial release of the first molecular electronics biosensor chips in 2021.
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Customization of the Report:
Along with detailed market forecasts, HTF Market Intelligence also offers substantial commentary with added value on:
– Trends That Are Influencing Nano Biosensor
– Technical Innovations and Trends
– Life Cycle Indicators for the Nano Biosensor Market
-Growth Indicators and Restraints
-To Take Advantage of Lucrative Market Opportunities
– Define Key Business Segments, Market Position, and Gap Analysis
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
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