A biosensor is an analytical device which is used to detect the analyte
and gathers biological components with the help of a physicochemical detector.
Biosensors converts biochemical signals into physicochemical signals which help
in measuring the sample. A biosensor is made up of two components, namely, a
transducer and a biological element such as antibody, enzyme or nucleic acid.
The transducer detects and transmits the signals. On the other hand, biological
element acts as a sensor. There are four types of biosensors, optical,
electrochemical, thermal, and piezoelectric biosensors. Biosensors are used in
medical diagnostics, forensic, and drug target discovery. In medical
diagnostics they are used to monitor lactose, glucose levels in the body,
identification of molecular markers, and measurement of vitamin B12 and folic
acid. In diabetic patients, blood g
lucose levels can be estimated with the help
of biosensors. They can also be used to diagnose and identify the pathogen in
infectious disease such as urinary tract infection. Biosensors are also used in
pharmaceuticals to estimate drug remnants in food and antibiotics. They are
used in food industry to identify pathogens, to monitor fermentation products
such as yoghurt and beer. They are also used to measure acids, alcohol and
carbohydrates. Biosensors can also be used in counter-bioterrorist activities
for sensing airborne bacteria. They are also used in monitoring environmental
pollution by checking the quality of water and air. They are also used to control
industrial effluents and in drug discovery programs. They are also used in
detection river water contaminants and pesticides.
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The major factor that drives the biosensor market is increase in
prevalence of diabetes. According to International Diabetes Federation, in
2015, diabetes affected 415 million people worldwide and this number is
expected to reach up to 642 million by 2040. Additionally, increase in the
prevalence of geriatric population is also an important factor which will drive
this market. According to WHO, in 2015, 900 million
people were 60 years of age or older and this number is expected to reach up to
2 billion by 2050. Moreover, technological advancements are also set to drive
this market. For instance, in May 2016, Nova Biomedical launched BioProfile
FLEX 2 cell culture analyzer. It is an extension of the Bioprofile line of cell
culture analyzers which also provides 16 cell culture chemistries. Furthermore,
growing need for point of care diagnostics, cardiac pacemakers, blood glucose level
will also boost the growth of this market. However, stringent regulatory
requirements and complicated reimbursement policies will hamper the growth of
biosensors market.
The key strategy followed by the major players in the biosensors market
is product launch. For instance, in March 2016, Vital Connect, Inc. launched
VitalPatch biosensor. It is a single use biosensor which continuously monitors
and records skin temperature, electrocardiogram and heart rate. With the launch
VitalPatch biosensor, Vital Connect, Inc. will gain more market share.
The major players in the biosensors market
are Siemens Healthcare GmbH, LifeSensors, Inc., F. Hoffmann-La Roche Ltd.,
AgaMatrix, Inc., Abbott Laboratories, and Nova Biomedical.
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