Turkey Biosensors Market Size & Outlook, 2022-2030
Turkey biosensors market, 2018-2030 (US$M)
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Turkey biosensors market highlights
- The Turkey biosensors market generated a revenue of USD 376.5 million in 2022 and is expected to reach USD 899.4 million by 2030.
- The Turkey market is expected to grow at a CAGR of 11.5% from 2023 to 2030.
- In terms of segment, electrochemical was the largest revenue generating technology in 2022.
- Optical is the most lucrative technology segment registering the fastest growth during the forecast period.
Biosensors market data book summary
| Market revenue in 2022 | USD 376.5 million |
| Market revenue in 2030 | USD 899.4 million |
| Growth rate | 11.5% (CAGR from 2022 to 2030) |
| Largest segment | Electrochemical |
| Fastest growing segment | Optical |
| 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, Turkey accounted for 1.4% 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 Middle East & Africa, South Africa biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Turkey is the fastest growing regional market in Middle East & Africa and is projected to reach USD 899.4 million by 2030.
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Biosensors Market Scope
Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Turkey 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 69.35% in 2022. Horizon Databook has segmented the Turkey biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
Rising incidence of diabetes and increasing geriatric population in Turkey are among the major drivers of biosensors market in Turkey. For instance, according to International Diabetes Federation (2019), the prevalence of diabetes in adults was around 12.8% in Turkey in 2017.
However, low healthcare spending by both private and public sectors may limit the entry of many major players into the market, thereby impeding the market growth.
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Our clientele includes a mix of biosensors market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Turkey biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Turkey biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Turkey biosensors market size, by technology, 2018-2030 (US$M)
Turkey Biosensors Market Outlook Share, 2022 & 2030 (US$M)
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