Market revenue in 2022 | USD 450.3 million |
Market revenue in 2030 | USD 806.8 million |
Growth rate | 7.6% (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 |
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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 71.46% in 2022. Horizon Databook has segmented the Netherlands biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
The Netherlands biosensors market is anticipated to witness a low growth rate over the forecast period. Declining healthcare expenditure and low adoption rate of technologically advanced products are among the primary factors restraining the market growth.
For instance, according to a report published by the Country Economy in 2018, total healthcare expenditure in the Netherlands was around 8.16% of GDP in 2018, whereas in 2017, it was around 8.24% of GDP. These factors are likely to restrict new and key players from entering into the market.
In addition, low prevalence of diabetes in the country is expected to impede the market growth over the forecast period. However, the recent outbreak of COVID-19 has led to an increase in the adoption of technologically advanced products for better diagnosis of the disease.
Horizon Databook provides a detailed overview of country-level data and insights on the Netherlands biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Netherlands biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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