Biosensors market research report

RITMIR034: Biosensors – A Market Insight Report, July 2013
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BIOSENSORS MARKET SIZE
Scope of the Study
This report gives an insight into the different types of Biosensors, and their applications in areas such as
Medical Diagnostics, Pharma and Biotech, Food and Beverages, Environment Safety, Defense and Security,
and other areas including mining and chemical industries. The report also describes about the technology
behind the Biosensors and their configuration based on sensing and signaling elements.
The study provides global market analysis for Biosensors in aforesaid applications. The study includes
estimates and projections for the total global Biosensors market. The market covered for Medical
Diagnostics, Pharma and Biotech, Food and Beverages, Environment Safety, Defense and Security and other
areas pertains only to Biosensors applications. Projections and estimates are also illustrated by geographic
regions encompassing North America, Europe, Japan, Asia-Pacific, and Rest of World.
Business profiles of 54 major companies are discussed in the report. The report serves as a guide to global
Biosensor industry, as it covers more than 385 companies that are engaged in Biosensors R&D, discovery,
testing and supply of products and services. Major Contract Research Organizations and Universities
serving Biosensors industry are also covered in the Corporate Directory section of this report. Information
related to recent product releases, product developments, partnerships, collaborations, and mergers and
acquisitions is also covered in the report.
Biosensors report is an ideal research tool providing strategic business intelligence to the corporate sector.
This report may help strategists, investors, clinical laboratories, hospitals, pharmaceutical companies,
biotechnology companies, Food processing companies, chemical sensor companies, analytical laboratories,
environment agencies, defense agencies, contract research organizations, and health regulatory authorities
in--
 Gauging Competitive Intelligence
 Identifying Key Growth Areas and Opportunities
 Understanding Geographic Relevance to Product
 Knowing Regional Market Sizes and Growth Opportunities and Restraints
 Keeping Tab on Emerging Technologies
 Equity Analysis
 Tapping New Markets
Analytics and data presented in this report pertain to several parameters such as –
 Global And Regional Market Sizes, Market Shares, Market Trends
 Product (Global And Regional) Market Sizes, Market Shares, Market Trends
 Technology Trends
 Corporate Intelligence

 Key Companies By Sales, Brands, Products
 Consumer Behavioral Patterns
 Other Strategic Business Affecting Data
Research Methodology
RI Technologies publishes business intelligence reports by going through a cycle of diligent research and
analysis activity. Research is done using both online and offline resources. The study outline of this report is
sketched on the following lines – global market analysis, regional market analysis, product segmentation,
global and regional market analysis by product segment, market trends, M&A, R&D, competitive landscape,
technology trends, and other key drivers. Current data helps in analyzing the future of the industry and is
also helpful for doing market evaluations, and estimating the market size for the future.
This report is uniquely researched and the methodology includes:
 Need and Scope of Study
 Product Definitions
 Segmental Analysis
 Regional Analysis
 Exclusive Data Analytics
 Corporate Intelligence
 Feedback
Right from concept to final compilation of this report, both primary and secondary research methods are
applied. We have provided exclusive feedback forms/pre-release questionnaires for this report to use the
information for authentication of our own findings. Secondary research includes government publications,
investment research reports, web based surveys, website information of both companies and markets, and
other offline resources such as print publications and CDs.
Our compilation of easy to navigate PDF reports are essential value addition resources for leading and
growing companies.

II. REPORT SYNOPSIS
Biosensors, a product of biochemistry, electrochemistry and electronics, are capable of performing
analytical tests using micro-volumes of samples and can produce results within minutes, which otherwise
takes hours or even days. Biosensors are standing examples for advanced technology applications in ultra-
microanalysis, with high quality output, that includes precision, accuracy, sensitivity and specificity, within
affordable prices.
Biosensor is a sensing device that generates a signal during the biochemical reaction. The reaction may be
within the analyte components or between the analyte and sensor components. Such a signal is
transformed into electric impulse and processes logically to produce a value that can be displayed on an
electronic screen or printed on paper or stored in memory chip for further interpretation.
A Biosensor is a conjugation of two functionalities - the bioreceptor and the transducer. The bioreceptor is
a bio-molecule that identifies the target analyte. The role of the transducer is to transform a recognition
event into a measurable signal. A special feature of the Biosensor is the integration of two components into
one single device that allows the measurement of a target analyte without the need for reagents. A typical
example is a glucose Biosensor that enables measurement of the concentration of a sample of blood
glucose by just placing the sample over the sensor.
Biosensors offer an opportunity in analysis, where conventional analytical instruments require regular and
vigorous evaluation to examine the validity of instrument, stability of reagent systems, and quality of
standards. The expenditure for such evaluations is significantly more over the expenditure on each test
performed. However, Biosensors with inbuilt self-calibration system or external calibration strips, are
calibrated within minutes and the calibrated data is stored in the memory chip.
Quick results, portable instrument and ease of use make the analysis world dependent on Biosensors. The
versatile applications in the fields of chemical, pharmaceutical, bio-molecular and microbial detection and
quantification have provided room for exploring research and development of Biosensors.
Biosensors used in various areas:
 Hospitals and clinical labs for diagnosis and point-of-care
 Chemical, pharmaceutical and biotech industries for molecular analysis, process control and micro-
array analysis
 Environment monitoring
 Defense and Space research
Biosensors can be used for:
 Monitoring and therefore control glucose in diabetes and in other disease conditions as well
 Detection of pesticides and other contaminants in environment
 Identification of pathogens

 Remote sensing of airborne bacteria
 Measurement of toxic substances before and after bio-remediation
 Analytical measurement of vitamins such as biotin, pantothenic acid, folic acid, Vitamin B12 instead of
conventional microbiological assays
 Drug discovery and study of the potential biological activity of new compounds
 Measurement of drug residues in food such as growth promoters, and antibiotics
 Identification of toxic metabolites including mycotoxins
Biosensors are placed on the sample and the value is read. The sample is placed over the testing strip and
the value displays within few minutes. There is no need of reagents and also typical analytical procedures
such as dilution, separation, centrifugation, heating, cooling and drying. The sample required for analysis is
in micro liters, which means, traceable amounts of the sample is enough for analysis.
Exhibit 1. Segmentation of Global Biosensors Market By Application (Medical Diagnostics, Pharma and
Biotech, Food and Beverages, Environment Safety, Defense and Security and Other Applications)
Segment Applications
Medical Diagnostics Includes blood glucose monitoring Biosensors, blood cholesterol monitoring Biosensors,
blood coagulation monitoring Biosensors, Biosensors for infection detection, DNA
sensors, immunity detection Biosensors, and Biosensors for other molecular components
detection and disease manifestation.
Pharma and Biotech Includes the Biosensor used in fermentation, sterility assurance, drug analysis, drug
discovery, drug delivery, and in biotech research.
Food and Beverages Includes the Biosensors for the detection of pathogens, pesticides, allergens, toxins,
heavy metals, other organic matter and poisonous substances detection in the food
processing and beverage industries.
Environment Safety Includes Biosensors for water pollution analysis, industrial emissions analysis, microbial
analysis in agriculture, toxic gas analysis, and clean room monitoring.
Defense and Security Includes Biosensors for bio-defense (biological weapon detection), explosives detection,
inflammables detection, poisonous gases, DNA fingerprinting and space watch.
Other Includes Biosensors used in molecular analysis in chemical and mining industries.
© RIT, 2013

Global Market Analysis
Global Biosensors market was estimated at US$ XX.XX billion in 2012 and is expected to reach US$ XX.XX
billion by 2020, growing at a compounded annual growth rate (CAGR) of XX.XX % during the analysis period
2005-2020. The Biosensors market is mainly driven by its application in Medical Diagnostics.
Exhibit 2. Biosensors – Global Value Market Estimations & Predictions (2005 -2020) in US$ Million
Year Value
2005 XX.XX
2006 XX.XX
2007 XX.XX
2008 XX.XX
2009 XX.XX
2010 XX.XX
2011 XX.XX
2012 XX.XX
2013 XX.XX
2014 XX.XX
2015 XX.XX
2016 XX.XX
2017 XX.XX
2018 XX.XX
2019 XX.XX
2020 XX.XX
%CAGR XX.XX
© RIT Figures , 2013
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
US$ Million

Medical Diagnostics
Worldwide Market for Biosensors in Medical Diagnostics application is projected to reach US$ XX.XX billion by
2020 from US$ XX.XX billion in 2012, growth at a CAGR of XX.XX %. North America is expected to remain the
major market for the Medical Diagnostic Biosensors with almost half the market share. Asia-Pacific (excluding
Japan) is estimated to grow with a fastest CAGR of XX.XX % during the analysis period 2005-2020.
Blood glucose monitoring sensors occupies majority of the Biosensors market in Medical Diagnostics
application followed by blood cholesterol monitoring sensors. Medical Diagnostic Biosensors other than
foresaid Biosensors are yet in the development stage and are expected to generate substantial market in
later years of forecast.
Exhibit 3. Biosensors in Medical Diagnostics - Global Value Market Estimations & Predictions (2005-2020)
by Geographic Region for North America, Europe, Japan, Asia-Pacific and Rest of World
Year/Region North America Europe Japan Asia Pacific Rest of World Total
2005 XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX
%CAGR XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
US$ Million
North America Europe Japan Asia Pacific Rest of World

Exhibit 4. Biosensors in Medical Diagnostics - Global Value Market Shares (2010, 2015 & 2020) by
Geographic Region for North America, Europe, Japan, Asia-Pacific and Rest of World
Year/Region North America Europe Japan Asia Pacific Rest of World Total

III. MARKET DYNAMICS
Market Overview
Biosensors for medical diagnosis are most successful as they meet all the expectations of the users.
The worth of the Biosensors technology is exemplified by the blood glucose Biosensors. Biosensors market
in the areas of diagnosis of diabetes, microbial detection, biotechnology processing and fermentation is
attracting huge investments and some products are in the early stages of commercialization.
Biosensors with DNA technology incorporated inside are becoming an exclusive tool for biotech industry.
DNA sensors to detect RNA, DNA fragments, proteins, nucleotides and other larger molecules can be
applied in biotechnology research and processing, in pharmaceutical analysis, research and production, for
diagnosis, for DNA fingerprinting and for other molecular detection.
Biosensors can detect trace amounts of analyte even up to subparts of ppb. Molecular Biosensors for
detection of explosives, inflammables, toxic and poisonous gases has significance in environment
monitoring, safety and defense. Molecular detection can be applied in pharmaceutical analysis, drug
discovery, drug delivery, and in mining etc.
On the other hand, Biosensors market is not up to the expectations despite its wide range of applications in
various areas of healthcare, environment, safety and defense. Albeit Biosensors’ wide range of applications,
few numbers of Biosensors are commercialized and have created successful trend in the market, Glucose
Biosensors being one of them.
Biosensors came into prominence from the mid 1990s, and revenues have escalated since then. Thanks to
glucose meters, globally it is generating good revenues with glucose testing strips market share being 85%
and glucose device market share being 15%. Due to the continuous increase in global diabetic prevalence
and regular monitoring of glucose levels in the blood, the glucose meters market remains growing……….

Market Analysis
Analysis by Application
In 2012, Biosensors market in Medical Diagnostics application was approximately XX.XX %, estimated to be
US$ XX.XX billion, of total North American Biosensors market. Pharma and Biotech application segment is
the second largest with total market above US$ XX.XX billion in 2012 and projected to grow at CAGR XX.XX
% during the forecast period 2005 to 2020.
Exhibit 5. Biosensors – North American Value Market Estimations & Predictions (2005-2020) by
Application for Medical Diagnostics, Pharma & Biotech, Food & Beverages, Environment Safety,
Defense & Security and Other in US$ Million
Year/
Application
Medical
Diagnostics
Pharma &
Biotech
Food &
Beverages
Environment
Safety
Defense &
Security
Other Total
2005 XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX
%CAGR XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX XX.XX
0
2000
4000
6000
8000
10000
12000
14000
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
US$ Million
Medical Diagnostics Pharma & Biotech Food & Beverages Environment Safety Defense& Security Other

IV. PRODUCT/TECHNOLOGY RESEARCH
As the name suggests, a Biosensor is a device that transforms a biological response into an electrical signal
within biological system or without the use of a biological system.
In other words, a Biosensor is a device that first detects information on a physiological change or process
that is then recorded. The recorded information is then converted into electrical signal and transmitted.
Biosensors utilize biological materials to observe these physiological changes in a substance. This process of
conversion involves a transducer that combines with a biologically sensitive and selective component.
Biosensors are usually self-contained and therefore do not require addition of reagents to the sample
matrix. The biological recognition element is usually a protein or protein complex that is found together
with other components in the biological matrix and can identify a specific analyte.
Biosensors are considered to be an interface between a living body such as the human body, the
environment and an artificial system such as a robot or computer allowing exchange of information
between them. They can be said to be the reliable elements of rapid instruments and systems.
Biosensor exclusivity depends on:
 First selecting an appropriate bioreceptor molecule
 Selecting a good immobilization method
 Selecting a suitable transducer
 Developing a Biosensor keeping in mind measurement range, linearity and minimization of
interference
 Packaging the Biosensor
A Good Biosensor is:
 Highly specific towards the analyte and able to analyze wide range of concentrations
 Stable in normal storage conditions with reproducible results over a long period of time
 Free from small changes in physical parameters such as pH, viscosity, stirring and temperature
 That produces results accurately, precisely, reproducible and linear over the analytical range, without
the need of alteration of concentration
 Has good signal-to-noise ratio
 Biocompatible, non-toxic and antigen fee for invasive clinical analysis
 Easy to sterilize, free from fouling or proteolysis
 Cheap, small, portable and capable of being used by semi-skilled operators.
Classification of Biosensors
The function of a Biosensor is to eventually establish the nature and variety of the substance belonging to
the biological systems and the type of the transducer which is required for the development of the
Biosensor. The experimental conditions or the existing conditions for the use of the Biosensors such as the
conditions in which the sensor is being utilized, the susceptibly of the sensor used, whether the experiment
is for the quantitative analysis or qualitative analysis of the biological systems will influence the Biosensor
to be selected for the purpose.

The major criteria for the selection of the bioreceptor or transducer for developing a Biosensor is the
application or the purpose of the Biosensor in the situation. The responding time of the Biosensor,
calibration requirements and the capacity of reprocessing of the Biosensor are some of the other factors
that may influence and aid in the selection of the variety of bioreceptors or transducers to be used in the
Biosensor to be designed. The quantity of the analyte to be determined using a Biosensor or multiple
detection also influences the type of transducer to be utilized in the creation of the Biosensor.
Properties such as size, cost effectiveness, portability, and heavy instruments as attachments for the
detection of the signals produced by the sensor mainly determine the Biosensor to be selected for the
purpose. An electronic Biosensor requires an electrical device to detect the signals where as
spectrophotometer is for detection of optical signals of a Biosensor. The main aim of the researchers in the
field is to develop a unique and versatile Biosensor that can detect the wide range of analytes that may or
may not detected by other conventional methods.
Biosensors can be categorized based on the type of biological signaling or transduction element or
recognition element.
FDA Approved Glucose Monitoring Systems
Exhibit 6. List of FDA approved glucose monitoring systems since January, 2000
Product Company Approval date
FreeStyle Navigator® Abbott Diabetes Care March 12, 2008
STS-7 Continuous Glucose Monitoring System DexCom, Inc. May 31, 2007
More……
© RIT, 2013
BIOSENSORS - MARKET OUTLOOK
Global Biosensors market is projected to grow at XX.XX % compounded annually from 2005 through 2020.
Medical and Diagnostics application is the major market for Biosensors with XX.XX share of total Biosensors
market. Biosensors applications in the Pharma and Biotech areas is the second largest segment with
XX.XX% market share. The remaining Biosensors market is shared by the segments - Food and Beverages,
Environment Safety, Defense and Security, and other applications.
Blood glucose meters are the best selling Biosensors, dominating the Global Biosensors market. Biosensors
in other areas such as bio-molecular, chemical, microbial detection are making the trend. However,
Biosensors are facing tough competition from chemical sensors due to high price, label specificity, stability
and un-suitability for continuous monitoring.
Implementation of innovative technologies in Biosensors development, and magnitude of Biosensors’
application in the early diagnosis of diseases such as cancer and HIV are expected to drive the trend.
Commercial cancer and HIV Biosensors expected to be available in the coming years.
About RI Technologies
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technologies in areas of discovery, design and development.
Research – As Good as the Methodology is!
 Gauging Competitive Intelligence
 Identifying Key Growth Areas and Opportunities
 Understanding Geographic Relevance to Product
 Knowing Regional Market Sizes and Growth Opportunities and Restraints
 Keeping Tab on Emerging Technologies
 Equity Analysis
 Tapping New Markets
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