The global biosensors market is driven by the several applications of biosensors in the medical area, fast technological advancements, growing diabetic population, and a huge demand for miniature diagnostic devices. North America is a significant regional market for biosensors as it holds a large global market share. This is attributed to the fast-growing segment of the industry, PoC diagnostics, which is increasing due to the addressable patient population.
Bayer AG and Biosensor International Ltd are some of the major key players within the biosensors industry. Agilent Technologies Inc (NYSE: A), another player in the industry, launched in August 2019, a multimode real-time cell analyser (RTCA), which combines live-cell imaging with the best of non-invasive biosensor measurement. The xCEL Ligence RTCA eSight is expected to revolutionize cell analysis in the life science study. Such advancements in biosensors are expected to accelerate the market growth for biosensors globally.
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Bayer AG, Biosensor International Ltd, Pinnacle Technologies Inc., and DuPont Biosensor Materials, among others, are the key players in the global biosensors market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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