Biosensor devices are analytical
devices which are used in biological applications or biomimetics to develop and
create recognition of any desired analyte. Such biomimetics are mostly
antibodies or enzymes. Biosensor analytical devices are used in various
industries. At present, aggressive R&D is in process to miniaturize these
devices and deliver much smaller and more affordable test monitors. Special
efforts are being undertaken to develop non-invasive biosensing devices and
biosensors based on nanotechnology.
The medical applications of
biosensors are the dominant segment in the overall biosensors industry.
Biosensors have varied applications in medical science such as blood glucose
monitoring, drug analysis, drug discovery, and as whole blood analyzers.
Medical biosensors have huge demand in hospitals for the purpose of real-time
point-of-care testing and blood gases monitoring. As the awareness regarding
health and wellbeing is increasing in the global population, the use of
biosensors in diagnostics is simultaneously growing. Continuous research in
this field is also increasing the efficacy, accuracy, portability, and
sensitivity of such devices thus increasing their demand in the global healthcare
industry. With such mass-developments in the field of medical biosensors, more
and more market players are entering in this field, thus increasing the
competitiveness.
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One of the major drivers of the
biosensor analytical devices market is the large scale R&D activities in
this field. Many universities and device manufacturers are conducting intensive
research to develop new and better platforms for accurate, pain-free and
sensitive diagnostic biosensor platforms. In addition, research is also being
conducted to develop such devices which would analyze multiple parameters for
point-of-care and home diagnostics. Use of nanotechnology in biosensors is also
opening new avenues in this field. Increase in investments in the biosensors
industry has also resulted into availability of equipments such as cheap kits
and compact monitors. Efforts are also being initiated to develop platforms
which will serve a varied range of applications simultaneously.
Glucose biosensors is the largest
commercial segment in the biosensor analytical devices market. Some of the
major players in this market are global manufacturers such as Roche
Diagnostics, Abbott Point of Care Inc., LifeScan Inc., AgaMatrix Inc., Siemens
Healthcare Diagnostics Inc., Neosensors Limited, M-Biotech, Medtronic Diabetes,
and Nova Biomedical Corp.
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