Biochemical Sensor Market

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Biochemical Sensor Market

• Publish By- Accurize Market Research

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Global Biochemical Sensor Market is Estimated to
Reach 51 Billion by 2024

• Global biochemical sensor market report published
  by Accurize Market Research forecast that the
  global market is expected to reach 51 billion by
  2024 growing at a CAGR of 14.4 from 2017 to
  2025. By geography, Asia Pacific and North
  America are expected to grow at a CAGR of XX and
  XX, respectively, during the forecast period.
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• Increased health awareness, advancement in
  material chemistry and wireless sensor network
  across the globe to drive the growth of the
  market
• Increased health awareness, advancement in
  material chemistry and wireless sensor
  networkfuels the demand for the global
  biochemical sensor market. Moreover, rise in oil
  extraction, and rising incidents of motor vehicle
  accidents also boosts the growth of the market.

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Market Segmentation

• The global biochemical sensor market has been
  bifurcated on the basis of product, film
  deposition material, application and geography.
  By product, the market is segmented into
  piezoelectric sensor, thermal sensor, gas sensor,
  optical sensor, and electrochemical sensor. By
  film deposition material, the market is further
  divided into fluorine doped tin oxide (SnO2F),
  titanium oxide (Tio2), aluminium oxide (AL2O3)
  and silicon oxide (SiO2). By application, the
  market is bifurcated into environmental
  monitoring, clinical diagnostics, military, food
  quality control and others.
• By geography the market is segmented into North
  America, Europe, Asia-Pacific and Rest of the
  World (RoW). The country wise analysis has been
  also covered under the scope of the report. North
  America covers the U.S., Canada, and Mexico
  wherein Europe covers Germany, UK, France,
  Russia, Italy, and others. China, India, Japan,
  and Rest of Asia-Pacific are covered under the
  Asia-Pacific. Rest of the World (RoW) includes
  South America, Middle East, and Africa.
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Silicon Oxide (SiO2) accounted for the largest
market share in the deposition material segment

• By deposition material segment, the silicon oxide
  (SiO2) segment accounted for the largest market
  share in the overall film deposition material
  segment in 2017, due to its small size and
  extensive utilization in clinical diagnosis
  devices and environmental monitoring devices.
• Clinical diagnostics segment accounted for the
  largest market share in the application segment
• By application segment,clinical diagnostics
  segment dominated the application segment
  accounting for more than one-third of the total
  market share in 2017, driven by its extensive
  usage during pregnancy test and diagnosis of
  glucose level in blood sample. Moreover,
  electrochemical sensor segment accounted for the
  largest market share in 2017, owing to its high
  sensitivity and huge demand in chemical
  diagnosis.

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North America dominated the global market with
the highest market share over the forecast period

• In 2017, North America accounted for the largest
  market share of 28.8, owing to increased demand
  from medical and healthcare industry, and
  substantial investment in military and defense.
  Europe accounted for the second largest market
  share of 25.0, driven by increased awareness
  towards food security. Asia-Pacific is to attain
  the fastest CAGR of 15.8 during the forecast
  period 2017-2025, driven by increasing health
  awareness and rising investment in healthcare,
  majorly in developing economies such as China and
  India.

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Top players in the market

• Major companies operating in the market include
• Melexis
• Universal Biosensor Inc
• Honeywell International Inc
• Texas Instrument Inc
• Thermo Fisher Scientific
• GE Healthcare
• Bio-Rad Laboratories In
• Nova Biomedical Corporation
• Microchip
• Technology Inc

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