Market revenue in 2022 | USD 289.6 million |
Market revenue in 2030 | USD 685.3 million |
Growth rate | 11.4% (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 |
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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 70.72% in 2022. Horizon Databook has segmented the UAE biosensors market based on thermal, electrochemical, piezoeletric, optical covering the revenue growth of each sub-segment from 2018 to 2030.
High prevalence of non-communicable diseases, such as cardiovascular diseases, is anticipated to boost the market growth over the forecast period. For instance, according to data published by the Institute for Health Metrics and Evaluation, from 2007 to 2017, the percentage of deaths due to ischemic heart disease increased by 175.9%, stroke by 154.7%, diabetes by 157.5%, and Chronic Obstructive Pulmonary Disease (COPD) by 178.7%. Thus, high mortality rate of cardiovascular diseases is anticipated to propel the market growth over the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE biosensors market , including forecasts for subscribers. This country databook contains high-level insights into UAE biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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