Global Bio Electronics Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2017-2022
Bio Electronics Market Insights:
The Global Bio Electronic Market is expected to grow at a modest CAGR of 12.1% during 2017-2022. Bioelectronics contribute and evaluate the new technologies to expand the biological sector that enable in raising the efficiency of the medical community. Bioelectronics adopted various number of ideas, methods and technology which are bio electromagnetics, instrumentation, neural networks, robotics, and sensor technologies. This advancement and new technologies will help application in the area such as prosthetics, disease detection, and disease prevention. It is expected that these applications will enable to control the rate of diseases (neural degeneration, cancer) and promote implantable medical devices and prosthetics. Blood glucose meter, heart rate meter, magnetic resonance imaging, and cardiac pacemaker are widely adopted bioelectronics products across the globe. The bioelectronic products are considered to create a lot of scope for the research to develop reliable and robust implantable devices. Applications such as personalized medical diagnostics and observing especially present near-term application opportunities. Increasing demand for diagnostic as well as monitoring devices such as blood cardiac pacemakers, glucose level and other implantable medical devices are likely to fuel up bioelectronics market. Rising incidence and prevalence rate of diabetes accompanied by growing need to measure and observe blood glucose level is likely to positively impact the biosensors market. Technological advancement along with increasing innovation is expected to drive the industry growth.
The bio electronics market can be segmented majorly into two parts on the basis of application and technology. On the basis of application, the industry is further segmented into Biochips, implantable medical devices, prosthetic devices and artificial organs/bionic organs. And on the basis of technology the market has been segmented into bio sensors, optical sensors and CMOS platform. Non-natural organs segment in the market is also anticipated to be the rapid growing segment during the forecast period. This expected growth is attributed by increasing organ failure owing to ageing and age-related disorders, rising number of people awaiting organ implants and increasing injuries and accidents leading to amputations.
North American region has been dominating the bioelectronics market in terms of revenue generation. This likely growth is attributed by aggregated number of application of these devices in diagnostic laboratories, and increasing investment into R&D for semiconductors and biomedicine in the region. Asia Pacific region is expected to grow significantly during the forecast period owing to the technological development, rising government and corporate investment in the nano-electronics and biotechnology sector, increasing disposable income and presence of unmet market demand.
The global bio electronics market players include- Abbott Point of Care Inc., F. Hoffmann-La Roche Ltd., LifeSensors, Inc., AgaMatrix, Nova Biomedical Corporation and Siemens Healthcare. The industry is technology driven and hence, manufacturers are predicted to continuously engage in R&D focused on development of highly developed biosensors and bio-electronics over the forecast period.
Global bio electronic market is segmented on the basis of application and technology. The major segment in the global bio electronic market by application and technology includes: Biochips, implantable medical devices, prosthetic devices and artificial organs/bionic organs, bio sensors and optical sensors and so on which are adopted significantly due to global rise in the adoption of optical bio sensors considerable growth over the estimated years.
- Global Bio Electronic Market Research and Analysis, By Technology
- Global Bio Electronic Market Research and Analysis, By Application
OMR Report covers:
- Comprehensive research methodology of Global Bio Electronic Market.
- This report also includes detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Global Bio Electronic Market.
- Insights about market determinants which are stimulating the Global Bio Electronic Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.