Biosensors Market Major Key Players And Latest Trend Analysis Till 2026

The global biosensors market size is anticipated to reach USD 33.76 billion by 2026 registering a CAGR of 8.1%, according to a new report by Grand View Research, Inc. Various applications in the medical field, high demand for miniature diagnostic devices, and rapid technological advancements are the key driving factors for biosensors market growth. Early and precise disease diagnosis is essential for successful prognosis of diseases and survival of patients. In recent years, the demand for simple, disposable, user-friendly, and cost-efficient devices with fast response time has increased extensively leading to increase in the sales of these products, thereby driving the market.

Continuous technological developments are also expected to boost the market. For instance, in October 2015, Abbott Laboratories launched FreeStyle Libre Glucose Monitoring System in Europe. It is intended to be a replacement for blood glucose meters. Moreover, rising applications of thermal biosensors in biomolecular interaction and hybridization analysis, environmental monitoring, and cosmetic analysis are expected to boost the biosensors market growth. In addition, the development of nano particle-based electrochemical biosensors is expected to create growth opportunities for the key comapnies, thereby driving the market.

Access Research Report of Biosensors Market@ https://www.grandviewresearch.com/industry-analysis/biosensors-market

Further key findings from the study suggest:

·       Medical application segment led the market in 2018. Medical wearable biosensors are considered an essential tool in the detection and monitoring of a wide range of medical conditions, such as diabetes and cancer

·       Electrochemical biosensors accounted for the largest market share in 2018 and are anticipated to witness a significant growth over the forecast period

·       This growth can be attributed to its widespread applications for quantification and analysis in biochemical and biological processes

·       On the basis of end use, biosensors in food industry are expected to witness a rapid growth owing to rising pressure from regulatory bodies pertaining to the hygiene standards of the food items where this device plays a vital role for detecting pathogens, allergens, and pesticides

·       Asia Pacific market is expected to witness the fastest growth over the forecast period owing to increasing awareness regarding wearable biosensors and constantly improving healthcare facilities in the region

·       Key companies in the market includes AZUR Environmental; Abbott Laboratories; Biosensor BV; Bayer AG; Cranfield Biotechnology Centre; DuPont Biosensor Materials; Ercon, Inc.; and Johnson & Johnson

Grand View Research has segmented the global biosensors market on the basis of technology, application, end use, and region:

Biosensors Technology Type Outlook (Revenue, USD Million, 2015 - 2026)

·         Thermal

·         Electrochemical

·         Piezoeletric

·         Optical

Biosensors Application Outlook (Revenue, USD Million, 2015 - 2026)

·         Medical

o    Cholesterol

o    Blood Glucose

o    Blood Gas Analyzer

o    Pregnancy Testing

o    Drug Discovery

o    Infectious Disease

·         Food Toxicity

·         Bioreactor

·         Agriculture

·         Environment

·         Others

Biosensors End Use Outlook (Revenue, USD Million, 2015 - 2026)

·         Home Healthcare Diagnostics

·         PoC Testing

·         Food Industry

·         Research Laboratories

·         Security and Bio-defense

Biosensors Regional Outlook (Revenue, USD Million, 2015 - 2026)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

o    South Africa

o    Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automotive Sensor Market is Anticipated To Generate Significant Revenues by 2022

The global automotive sensor market size is expected to reach USD 36.76 billion by 2022, according to a new study by Grand View Research, Inc. Favorable government regulations for increasing overall passenger security and safety is expected to augment market demand over the forecast period. These products have become an important part of automobiles, and detect physical parameters such as speed and heat and take preventive measures in case of any danger.

Growing consumer adoption of electric, hybrid and hydrogen fuel-cell-powered motor vehicles is expected to drive demand for battery monitoring. Image sensor-based ADAS systems have become essential for tracking and identifying potential hazards. Additionally, rising number of autonomous vehicles in yielding lower fuel consumption and reduced traffic congestion features in developing countries such as Japan and China is expected to favorably impact the automotive sensor market. Demand for retrofitting of advanced systems into the existing motor vehicle fleet is also expected to augment demand.

Access Research Report of Automotive Sensor Market @ http://www.grandviewresearch.com/industry-analysis/automotive-sensors-market

Further key findings from the study suggest:

·       Advanced proximity and positioning sensors help remotely determine the location of an object, and this segment is expected to grow at a CAGR of over 11.0% from 2015 to 2022. These products include radar, infrared, ultrasonic, and laser devices, and are finding application in detection of objects around vehicles in addition to occupancy sensing.

·       Sensors used for safety and security applications monitor wheel speed, occupant position tire inflation, etc. For instance, Jaguar F-type uses these products for blind spot monitoring and close vehicle sensing designed to alert the driver about the presence of another vehicle in an adjacent lane by providing a visual warning indicator in the door’s mirror.

·       Asia Pacific is expected to remain the leading regional market through the forecast period. The North American automotive sensor market is characterized by the presence of a stringent regulatory landscape. The U.S. NHTSA is attempting to control driver support technologies and direction of automotive collision avoidance. The government is expected to mandate fitment of V2V safety technology in future cars. In addition, the U.S. Association of Automobile Manufacturers (AMM) is expected to leverage rear-view camera and removing side-view mirrors, which can reduce noise and fuel consumption. Outsourcing of manufacturing process to low-cost countries like Mexico, China, Bulgaria, Malaysia, India or the Dominican Republic due to high labor costs in the U.S. is a key industry trend.

·       Major industry participants such as Bosch focus on research and development to ensure product differentiation. The company’s R&D efforts have focused on development of efficient methods for ensuring reliability, precise 3D environment recognition, and securing the electronics architecture through constant plausibility checks on the data supplied. Other key players such as Freescale, Sensata, and Denso Corporation provide products that cater to a wide range of applications, such as ADAS, body electronics, chassis and safety, etc.

Grand View Research has segmented the automotive sensor market on the basis of product, application and region:

Automotive Sensor Product Outlook (Revenue, USD Million, 2012 - 2022)

·         Physical Property

·         Process Variable

·         Proximity & Positioning

·         Chemical Property

·         Others

Automotive Sensor Application Outlook (Revenue, USD Million, 2012 - 2022)

·         Engine & Drivetrain

·         Safety & Security

·         Emission Control

·         Others

Automotive sensor Regional Outlook (Revenue, USD Million, 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Commercial Refrigeration Equipment Market Is Expected To Gain Significant Traction Over The Forecast Period

The global commercial refrigeration equipment market size is projected to reach USD 48.61billion by 2025, growing at a CAGR of 5.4% over the forecast period, according to a new report by Grand View Research, Inc. Advancements in refrigeration technologies along with the changing food habits are expected to impel the market growth over the forecast period. The refrigerators & freezers is anticipated to emerge as the fastest-growing product segment with a CAGR of 6.4% from 2019 to 2025.

Innovation in magnetic refrigeration systems and other emerging technologies are also expected to have a positive impact on the market growth. Super markets are one of the most prominent retail channels for such equipment. The segment was valued at USD 2.20 billion in 2018 and is projected to maintain the dominance in future due to increasing number of supermarkets and hypermarkets in developing countries, such as China and India .Growing disposable income levels and improving standards of living in the emerging countries are also boosting the growth of super and hypermarkets.

The convenience store segment is said to register the highest CAGR of 6.1% over the forecast period. North America is a prominent region in the global market as it is the biggest manufacturer and exporter of the product. The region accounted for a market share of more than 32% in 2018. However, Asia Pacific is expected to emerge as the fastest-growing market from 2019 to 2025, owing to rise in the product manufacturing in this region.

Access Research Report of Commercial Refrigeration Equipment Market @ https://www.grandviewresearch.com/industry-analysis/commercial-refrigeration-equipment-market

Further key findings from the study suggest:

·       The refrigerators &freezers segment is expected to reach USD 12.31 billion by 2025 at a CAGR of 6.4% from 2019 to 2025

·       Technological advancements in refrigerators are anticipated to boost their demand in the food service and production segment

·       F&B distribution is expected to be the fastest-growing application segment at a CAGR of 6.3% over the forecast years

·       Key companies in the commercial refrigeration equipment market are Dover Corp.; Daikin Industries Ltd.; Carrier Commercial Refrigeration, Inc.; Johnson Control, Inc.; and Haier Group Corp.

Grand View Research has segmented the global commercial refrigeration equipment market on the basis of product, retail channel, application, and region:

Commercial Refrigeration Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)

·         Transportation Refrigeration Equipment

·         Refrigerators & Freezers

·         Beverage Refrigeration

·         Display Showcases

o    Self-contained

o    Remotely Operated

·         Ice Merchandisers & Ice Vending Equipment

·         Others

Commercial Refrigeration Equipment Retail Channel Outlook (Revenue, USD Million, 2015 - 2025)

·         Hypermarket

·         Supermarket

·         Convenience Store

·         Specialty Store

·         Others

Commercial Refrigeration Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)

·         Food Service

·         Food & Beverage Retail

·         Food & Beverage Distribution

·         Food & Beverage Production

·         Others

Commercial Refrigeration Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Neurorehabilitation Devices Market Expected to Behold a CAGR of 15.1% through 2024

The Report Neurorehabilitation Devices Market By Products (Neurorobotics, Brain-Computer Interface, Wearable Devices, Noninvasive Stimulators), By Therapy Area (Stroke, Multiple Sclerosis, Parkinson’s Disease, Cerebral Palsy, Others - Brain And Spinal Cord Injury), And Segment Forecasts To 2024

The global neurorehabilitation devices market in 2015 was valued at USD 915.1 million and is estimated to reach USD 3.2 billion by 2024. Around 1 billion people are suffering from neurological disorders across the globe. These neurological disorders are resulting in increased movement disabilities. The increasing prevalence of movement disability, attributed to various neurological disorders (multiple sclerosis, stroke, etc) along with need for comprehensive management is the key factors driving the market growth.

Every year around 15 million people suffer from stroke globally, of which 5 million people are affected by permanent disability. Each year Multiple sclerosis and Parkinson’s disease affect 2.5 million and 10 million patients respectively worldwide. The increasing prevalence and incidence rates of neurological disorders create a huge demand for neurorehab devices, as they ensure simplification of routine tasks for the disabled patients by reducing their dependency on others.

Furthermore, the rising awareness of neurorehab services among the care providers is contributing to the increasing adoption of these devices. In addition, consistent technological advancements are leading to introduction and commercialization of novel products in this sector. Majority of the manufacturers and distributors of neurorehab platforms are headquartered in North America region. North America dominates the market followed by Europe attributed to the rising awareness and increased adoption of novel technologies in these regions. Asia Pacific is growing at the highest CAGR among all the regions due to increasing target population and improving healthcare infrastructure.

Despite fluctuating economic conditions across different geographical regions coupled with the respective regulatory pressures, the companies offering neurorehab devices and services are exhibiting adaptability and efficacy. Some of the key market players are Bioness, Inc., Ectron Ltd., Hocoma AG, Medtronic, and Tyromotion. Collaborations for novel product development and strengthening of distribution networks constitute some of the strategic initiatives implemented by key players. For instance, Ectron Ltd. has collaborated with Bioness, Inc. and Tyromotion for distribution of their products across different geographical regions.

Access Research Report of Neurorehabilitation Devices Market @ http://www.grandviewresearch.com/industry-analysis/neurorehabilitation-devices-market

Further Key Findings from the Study Suggest:

·       Neurorobotics is expected to be one of the most lucrative segments in the coming years owing to the high availability of exoskeletons and prosthetics targeted for treating movement disabilities. Bioness, Inc. and Hocoma AG are few of the key manufacturers of exoskeletons and prosthetics.

·        Consistent technological sophistications in brain stimulations and machine learning brain-computer interface segment is expected to develop tremendously.

·       Non invasive stimulators have the potential to modulate brain plasticity. In February 2016, USFDA approved Medtronic’s brain stimulation therapy in the treatment of Parkinson’s disease.

Grand View Research has segmented the neurorehabilitation devices market by products, therapy area, and region:

Products Outlook (Market revenue in USD Million, 2013 - 2024)

·         Neurorobotics

·         Brain-computer interface

·         Wearable devices

·         Non-invasive Stimulators

Therapy Area Outlook (Market Revenue in USD Million, 2013 - 2024)

·         Stroke

·         Multiple Sclerosis

·         Parkinson’s Disease

·         Cerebral Palsy

·         Others

Regional Outlook (Market Revenue in USD Million, 2013 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.