Pune, India -- (SBWIRE) -- 12/17/2019 -- The Infinium Global Research analyzes the "Smart Biosensors Market (Product Type - Wearable Biosensors, and Non-wearable Biosensors; Technology - Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Nano Mechanical Biosensors, Thermal Biosensors, and Other Technologies; Application - Blood Glucose Testing, Pregnancy Testing, Cholesterol Testing, Drug Discovery, Blood Gas Analysis, Infectious Disease Testing, and Other Applications; End User - Home Diagnostics, Environmental Monitoring, Research Labs, Point-of-care, Security and Biodefense, Food and Beverage Industry, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global smart biosensors market is projected to grow at a CAGR of 7.8% over the forecast period of 2019-2025.

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Smart biosensors are the advance version of the biosensor and provide more accurate analytical signals as compared to signal provided by normal biosensors. These smart biosensors use more highly selective and sensitive methods to provide more accurate analytical signals for precise observation. The growing automation in the food and beverage industry, medical industry, clinical biochemistry, analytical chemistry, and environmental science research industry. Further, the growing demand for the fast and precise analysis of the different types of food products to identify the microorganism, chemical residue and others are helping to grow the demand for smart biosensors in the food industry.

Growing Government Focus to Replace Traditional Infrastructure is Likely to Create an Opportunity for the Growth of the Market

The growing demand of the modern biosensors, which are compatible with the modern food processing equipment is helping to grow the demand of this industry at a significant rate. Additionally, the growing demand for the advanced modern biosensor for a better analysis of the different types of chemicals in the environment is helping to catalyze the growth of this market.

However, lack of infrastructure to support the smart biosensors in several industries owing to the several factors as owners' unwillingness to replace the conventional infrastructure, are hampering the growth of this market for the short term. The growing government focus to replace traditional infrastructure owing to several reasons as energy saving, environmental protection, and others are expected to boost the demand of the smart biosensor in the near future.

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Wearable Segment to Grow at Higher CAGR Over the Forecast Period

The report on the global smart biosensors market covers segments such as product type, technology, application, and end-user. On the basis of product type, the sub-markets include wearable biosensors and non-wearable biosensors. On the basis of technology, the sub-markets include electrochemical biosensors, optical biosensors, piezoelectric biosensors, nanomechanical biosensors, thermal biosensors, and other technologies.

On the basis of application, the sub-markets include blood glucose testing, pregnancy testing, cholesterol testing, drug discovery, blood gas analysis, infectious disease testing, and other applications. On the basis of end-user, the sub-markets include home diagnostics, environmental monitoring, research labs, point-of-care, security and biodefense, food and beverage industry, and other end-users.

North America Likely to Hold the Majority Share of the Smart Biosensors Market

Geographically, the smart biosensors market is segmented into four regions namely North America, Europe, the Asia Pacific and RoW. North America is the largest player of the smart biosensors market, owing to the presence of a large number of companies engaged in the manufacturing of the smart biosensor in this region, who are intensively engaged in the development of the new and advanced biosensor in this region. The Asia-Pacific smart biosensors market is expected to grow at the highest rate during the forecast period, owing to the growing demand for smart biosensors for several applications.

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Smart Biosensors Market: Competitive Analysis

The global smart biosensors market comprises several players, some of few profiled companies in this report are TAKE Solutions Limited, Foresight Group International AG, ITClinical, iMEDGlobal Solutions India Private Limited (an FMD KL Company), Capgemini, ICON plc, ArisGlobal LLC, International Business Machines Corporation, LabCorp, and Cognizant, among others.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the smart biosensors.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.