Top Companies in Biosensors Market | Major Players of Industry Historic and Future Data, Comprehensive Report by Vantage Market Research
Competitive Landscape: The key players in the Global Biosensors Market include- Abbott (US), Roche (Switzerland), Medtronic (Ireland), Bio-Rad Laboratories Inc. (US), DuPont (US), Biosensors International Group Ltd.
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MARKET OVERVIEW
The Global Biosensors Market is valued at USD 25.1 Billion in the year 2021 and is anticipated to reach a value of USD 38 Billion by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.2% over the forecast period. Biosensors are devices used to track and monitor a specific biological parameter of a user's health. Biosensors track biological reactions that occur within the user's body and convert certain pre-determined markers into an electrical signal, acting as a warning system for a particular type of biomarker. These devices are widely used in areas other than personal health, environmental monitoring, and agriculture.
The growing demand for Biosensors from the healthcare sector is likely to continue to be at the forefront of the global Biosensors Market in the forecast period. Improving biosensor diagnostics quickly could be a major route for players in the global Biosensors Market in the future. Some of the key driving factors in the Biosensors Market are the emergence of nanotechnology-based Biosensors, significant technological advances over the past few years, increased use of Biosensors to monitor glucose levels in people with diabetes, increased need for home-based care devices due to the COVID-19 epidemic, and growing government diagnostic programs.
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Some of the key players operating in the Biosensors Market are listed below:
|
Company Name |
Revenue in USD |
|
$43 Billion |
|
$48 Billion |
|
$31 Billion |
|
$325 Million |
|
$82 Million |
|
$155 Million |
|
<$5 Million |
|
$19 Billion |
|
$93 Billion |
|
$71 Billion |
Abbott Laboratories is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs; today, it sells medical devices, diagnostics, branded generic medicines, and nutritional products. It split off its research-based pharmaceuticals business into AbbVie in 2013. The firm has also been present in India for over 100 years through its subsidiary Abbott India Limited, and it is currently India's one of the largest healthcare products companies.
Bayer is a German multinational pharmaceutical and life sciences company and one of the largest pharmaceutical companies in the world. Headquartered in Leverkusen, Bayer's areas of business include pharmaceuticals, consumer healthcare products, agricultural chemicals, seeds, and biotechnology products. The company is a component of the Euro Stoxx 50 stock market index. The Company develops, produces, and distributes prescription drugs, health-care products, and veterinary drugs. Bayer Healthcare also provides blood glucose monitoring instruments and test strips for diabetics.
Medtronic plc is an American Irish registered medical device company that primarily operates in the United States. Medtronic has an operational and executive headquarters in Minneapolis, Minnesota in the US. Medtronic operates in 140 countries and employs over 104,950 people. It generates $3.98 billion in sales (USD). Medtronic was founded in 1949 in Minneapolis by Earl Bakken and his brother-in-law, Palmer Hermundslie, as a medical equipment repair shop. Chief Executive Officer Omar Ishrak will retire in April 2020 and will be succeeded by senior executive Geoff Martha.
Nova Biomedical Corporation is located in Billerica, MA, United States and is part of the Pharmaceutical and Medicine Manufacturing Industry. Nova Biomedical is an in vitro diagnostic company that specializes in blood testing analyzers. It provides Bio Profile automated cell culture analyzers for the analysis of key nutrients, metabolites, pH, gases, and cell density/cell viability. It was founded in 1976.
TaiDoc Technology Corporation (TaiDoc) is a health care device company. It develops, manufactures, and markets medical equipment and devices. The company's product portfolio includes a blood glucose monitoring system, disposable blood glucose testing strips, ear and forehead thermometers, blood pressure monitors, multiple parameters monitoring systems, COVID-19 antigen rapid test kits, pulse oximeter, and relevant accessories. Its products are used to monitor a patient's blood glucose, blood pressure, and temperature. The company also provides services that include contract manufacturing services, regulation compliance services, tool design, and software programming services. The company markets its products in the Americas, Europe, Asia, and the Middle East. TaiDoc is headquartered in Taipei, Taiwan.
I-Sense is the development and manufacturing of bio-related sensors and analyzers founded on 4th May 2000. CareSens® is a recognized worldwide brand that provides fast and highly accurate blood glucose test results. With an annual production capacity of 2.1 billion test strips from highly efficient manufacturing facilities (two in Korea, one in China), i-SENS exports to over 110 countries including the USA, Japan, and Europe.
LifeSensors Inc. is a biotechnology company leading the development. Lifesensors, Inc. is located in Malvern, PA, United States, and is part of the Medical Equipment and Supplies Manufacturing Industry. Lifesensors, Inc. has generated $3.01 million in sales (USD). (Sales figure is modelled). Lifesensors, Inc. was founded in 1996. The company's line of business includes the manufacturing of medical, surgical, ophthalmic, and veterinary instruments and apparatus.
Siemens Healthcare Private Limited is an unlisted private company incorporated on 26 May 2015. It is classified as a private limited company and is located in Mumbai City, Maharashtra. Its authorized share capital is INR 20.00 cr and the total paid-up capital is INR 19.19 cr. Siemens Healthcare Private Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March 2021. Its EBITDA has increased by 0.73 % over the previous year. At the same time, its book net worth has increased by 280.33 %.
Johnson & Johnson (J&J) is an American multinational corporation founded in 1886 that develops medical devices, pharmaceuticals, and consumer packaged goods. Its common stock is a component of the Dow Jones Industrial Average. Johnson & Johnson is one of the world's most valuable companies and is one of only two U.S.-based companies that has a prime credit rating of AAA, higher than that of the United States government. Johnson & Johnson is headquartered in New Brunswick, New Jersey, the consumer division being located in Skillman, New Jersey. The corporation includes some 250 subsidiary companies with operations in 60 countries and products sold in over 175 countries. Johnson & Johnson had worldwide sales of $82.6 billion during the calendar year 2020.
Hoffmann–La Roche, Ltd. is a Swiss global healthcare company that operates worldwide under two divisions: Pharmaceuticals and Diagnostics. It belongs to Roche Holding AG. The headquarters are in Basel and the company has many sites around the world - including Nutley, Palo Alto, Pleasanton, Branchburg, Indianapolis, Florence in the US, Welwyn Garden City in the UK, Mannheim, Penzberg in Germany, and Shanghai in China. The company also owns a majority of the American biotechnology company Genentech and the Japanese biotechnology company Chugai Pharmaceuticals.
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