Switzerland Biosensors Market Size & Outlook, 2022-2030
Switzerland biosensors market, 2018-2030 (US$M)
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Switzerland biosensors market highlights
- The Switzerland biosensors market generated a revenue of USD 321.8 million in 2022 and is expected to reach USD 576.6 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 7.6% 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 321.8 million |
| Market revenue in 2030 | USD 576.6 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 |
Other key industry trends
- In terms of revenue, Switzerland accounted for 1.2% 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 Europe, Germany biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 493.8 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Switzerland 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 71.44% in 2022. Horizon Databook has segmented the Switzerland biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
Switzerland biosensors market is majorly driven by high diabetes rate and gradual adoption of technologically advanced products. According to the report published by International Diabetes Federation in 2020, the prevalence of diabetes in Switzerland was around 7.7% and around 496,900 cases of diabetes in adults were reported . Therefore, high prevalence of diabetes in the country is expected to positively impact the market growth. In addition, the recent outbreak of COVID-19 is also anticipated to positively influence the biosensors market in Switzerland. This outbreak has led to the introduction of many technologically advanced products in the market. For instance, in April 2020, Swiss Researchers developed a biosensor that has the ability to detect COVID-19 in the air. This biosensor has the combination effect of thermal and optical biosensors. Thus, Switzerland biosensors market is expected to witness considerable growth over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Switzerland biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Switzerland biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland biosensors market size, by technology, 2018-2030 (US$M)
Switzerland Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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