China Biosensors Market Size & Outlook, 2022-2030
China biosensors market, 2018-2030 (US$M)
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China biosensors market highlights
- The China biosensors market generated a revenue of USD 1,164.6 million in 2022 and is expected to reach USD 2,180.6 million by 2030.
- The China market is expected to grow at a CAGR of 8.2% 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 1,164.6 million |
| Market revenue in 2030 | USD 2,180.6 million |
| Growth rate | 8.2% (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, China accounted for 4.3% 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 Asia Pacific, China biosensors market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 787.5 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 71.36% in 2022. Horizon Databook has segmented the China biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
As per the International Diabetes Federation, prevalence of diabetes in adults in China is 10.9%, making it around 116,446,900. As per WHO, in China around 270 million people are suffering from hypertension (13.8%) and not everyone have access to hypertension treatment.
Diseases such as diabetes require daily monitoring, where biosensors help efficiently. Thus, increasing prevalence of diabetes and other diseases such as heart diseases, hypertension, and rapid technological advancements are few factors
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China biosensors market , including forecasts for subscribers. This country databook contains high-level insights into China biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China biosensors market size, by technology, 2018-2030 (US$M)
China Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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