Switzerland Biosensors Market Expansion At CAGR Of 7.9% Through 2026

Posted by Neha Bora on March 3rd, 2020

San Francisco, 3 March 2020: The Report Switzerland Biosensors Market Size, Share & Trends Analysis Report By Technology (Thermal, Electrochemical, Optical, Piezoelectric), By Application (Medical, Agriculture), By Region, And Segment Forecasts, 2019 – 2026

The Switzerland biosensors market size is expected to reach USD 932.6 million by 2026, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 7.9% during the forecast period. Various applications of biosensors in medical fields, rising prevalence of diabetes, high demand for miniature diagnostic device, and rapid technological advancements are the key factors driving the growth.

Various government initiatives aimed at development of proteomics and genomics are expected to drive the market for biosensors. Most of the IT companies are also significantly investing in product development. Increasing investments by major IT players such as Infosys, TCS, and IBM are expected to boost the Switzerland biosensors market.

The players in biosensors industry are undertaking various strategies to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers. Partnerships, acquisitions, and product launches are the most prominently adopted strategies by the companies to attract more customers. In addition, increasing prevalence of type I and type II diabetes in Switzerland is expected to drive the market over the forecast period. According to the International Diabetes Federation, in 2017, around 547,654 cases of diabetes were reported in Switzerland, which is anticipated to fuel the market growth over the forecast period.

Access Research Report of Switzerland Biosensors Market @ https://www.grandviewresearch.com/industry-analysis/switzerland-biosensors-market

Further key findings from the report suggest:

• On the basis of technology, electrochemical segment held the largest market share in 2018 and is expected to witness considerable CAGR over the forecast period owing to their widespread applications for quantification and analysis in biochemical and biological processes
• Biosensors in agriculture industry is expected to witness the fastest CAGR over the forecast period owing to the rising demand for sensor technology in the field
• PoC testing segment held the largest market share in 2018. Increasing demand for portable and rapid point-of-care diagnostic devices that can be used outside conventional laboratories is one of the key drivers
• Prominent players present in the Switzerland biosensors market are Abbott, Biosensor International Group, Ltd., Bayer AG, Xsensio, and Sensirion AG Switzerland

Grand View Research has segmented Switzerland biosensors market report on the basis of technology, application, and end use:

Switzerland Biosensors Technology Outlook (Revenue, USD Million, 2015 - 2026)

• Thermal
• Electrochemical
• Piezoelectric
• Optical

Switzerland Biosensors Application Outlook (Revenue, USD Million, 2015 - 2026)

• Medical
  • Cholesterol
  • Blood Glucose
  • Blood Gas Analyzer
  • Pregnancy Testing
  • Drug Discovery
  • Infectious Disease
• Food Toxicity
• Bioreactor
• Agriculture
• Environment
• Others

Switzerland Biosensors End Use Outlook (Revenue, USD Million, 2015 - 2026)

• Home Healthcare Diagnostics
• PoC Testing
• Food Industry
• Research Laboratories
• Security and Bio-defense