BIS Research - Emerging Technology Market Intelligence

Biosensors to Reduce Financial Burden on Patients

Apr 25, 2018 3:47:27 AM / by BIS Research posted in Biosensors Market analysis, Biosensors Market forecast, Biosensors Market share, by Application, by Technology, Electrochemical Biosensor Technology, Growth Rate of Biosensors Market, Piezoelectric Biosensor Technology, Optical Biosensor Technology, Thermal Biosensor Technology, Biosensors Market growth, Global Biosensor Market, Global Biosensors Market, Global Biosensors Market Report, Global Biosensors Market size, Global Environmental Biosensor Market, Global footprint of Biosensors Market, Healthcare & Medical, Global Point of Care Biosensor Market

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The global healthcare expenditure accounted approximately $7 trillion in 2015 and is expected to reach $8.5 trillion, by the year 2020. Increase in the geriatric population has escalated the need for devices, which can monitor the disease, continuously. The biosensing technologies are anticipated to address the healthcare expenditure problem. According to the latest market intelligence report by BIS Healthcare titled, ‘Global Biosensors Market- Analysis and Forecast (2018-2027),’ the biosensors market was estimated $ 1.46 billion in the year 2017. The biosensors market is expected to reach on a niche level by the year 2027 owing to the growing point of care testing services, aided by rising geriatric population, and rapid incorporation of biosensing technologies in non-medical applications.

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