Colombia Biosensors Market Size & Outlook, 2022-2030
Colombia biosensors market, 2018-2030 (US$M)
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Colombia biosensors market highlights
- The Colombia biosensors market generated a revenue of USD 164.8 million in 2022 and is expected to reach USD 315.6 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.5% 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 164.8 million |
| Market revenue in 2030 | USD 315.6 million |
| Growth rate | 8.5% (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, Colombia accounted for 0.6% 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 |
|---|
Colombia 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 Colombia biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
The rising prevalence of non-communicable diseases, such as cardiovascular diseases and diabetes, in the country is anticipated to boost the market growth. For instance, according to studies published by the Institute for Health Metrics and Evaluation, from 2007 to 2017, the percentage of deaths due to diabetes increased by 13.6%, stroke by 16.5%, and ischemic heart disease by 27.8%.
Thus, increase in the prevalence of cardiovascular diseases is anticipated to boost the demand for biosensors. However, low awareness regarding various types of biosensors and lack of skilled professionals may impede the market growth over the forecast period.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Colombia biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Colombia biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia biosensors market size, by technology, 2018-2030 (US$M)
Colombia Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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