Brazil Biosensors Market Size & Outlook, 2022-2030
Brazil biosensors market, 2018-2030 (US$M)
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Brazil biosensors market highlights
- The Brazil biosensors market generated a revenue of USD 747.4 million in 2022 and is expected to reach USD 1,459.4 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.7% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Electrochemical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 747.4 million |
| Market revenue in 2030 | USD 1,459.4 million |
| Growth rate | 8.7% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Electrochemical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermal, Electrochemical, Piezoeletric, Optical |
| Key market players worldwide | Bio-Rad Laboratories Inc, Medtronic PLC, Abbott Laboratories, Biosensors, Pinnacle Financial Partners Inc, DuPont Nutrition & Biosciences, Johnson & Johnson, Koninklijke Philips NV, Nova Biomedical, Koch Industries, TDK Corp, Siemens AG |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.8% of the global biosensors market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,459.4 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil biosensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biosensors market will help companies and investors design strategic landscapes.
Electrochemical was the largest segment with a revenue share of 72.61% in 2022. Horizon Databook has segmented the Brazil biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
In 2020, Brazil held the largest market share owing to the increasing focus on R&D. For instance, in 2017, scientists at the Federal University of Parana, Brazil developed a biosensor that can detect dengue quickly.
The team has planned to develop testing kits for hospitals and clinics for USD 30. It will take 15 mins to analyze and detect dengue protein in blood samples. Similarly, in 2019, U.S. and Brazilian scientists collaborated and developed a glass-based biosensor that can measure blood glucose levels through a patient’s tears.
Rising prevalence of heart diseases in the country is also anticipated to drive the market growth over the forecast period. In addition, COVID-19 outbreak has led to a significant rise in the number of hospital admissions in Brazil, which is anticipated to boost the demand for various biosensors, such as glucose, cholesterol, and infectious disease biosensors.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Brazil biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil biosensors market size, by technology, 2018-2030 (US$M)
Brazil Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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