Europe Molecular Biosensors Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Europe Molecular Biosensors Market is Segmented by Technology (Electrochemical Biosensors, Optical Biosensors, Thermal Biosensors and Others), Application, and Geography

Market Snapshot

Europe Molecular Biosensors Market
Study Period: 2018 - 2026
Base Year: 2021
CAGR: 5.9 %
Europe Molecular Biosensors Market Key Players

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Market Overview

The Europe Molecular Biosensors Market is expected to register a CAGR of 5.9% during the forecast period. A molecular biosensor is a device that uses specific biochemical reactions mediated by isolated enzymes, immunosystems, tissues, organelles, or whole cells to detect chemical compounds usually by electrical, thermal, or optical signals. Molecular biosensors are, thus, able to facilitate rapid detection and diagnosis at the POC, which make them particularly useful for an early and unequivocal diagnosis, and to prevent further disease spread.

In Europe, due to the increasing prevalence of chronic diseases, demand for point-of-care diagnostics has increased. This has led to an increase in demand for molecular biosensors. According to the International Diabetes Federation, in 2019, Germany had the highest prevalence of diabetes among the adult population in Europe with 15.3 percent of people with diabetes, followed by Portugal with 14.2 percent of people with diabetes. Thus, the above-mentioned factors have resulted in increased adoption of the molecular biosensor, which has helped the market growth.

Scope of the report

As per scope of the report, a molecular biosensor is a device that uses specific biochemical reactions mediated by isolated enzymes, immunosystems, tissues, organelles or whole cells to detect chemical compounds usually by electrical, thermal or optical signals and is, thus, able to facilitate rapid detection and diagnosis at the POC, which make them particularly useful for an early and unequivocal diagnosis. The Europe Molecular Biosensors Market is segmented by technology, application, and geography.

By Technology
Electrochemical Biosensors
Optical Biosensors
Thermal Biosensors
Others
By Application
Medical Diagnostics
Food and Beverages
Environment Safety
Defense and Security
Other Applications
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Electrochemical Biosensors is Expected to Dominate the Market Over the Forecast Period

Electrochemical biosensors have emerged as reliable molecular sensing devices suitable for the detection of pathogens in liquid biopsies. Short assay time, simple handling, low cost, small sample requirement, and good performance in complex samples with minimal pre-treatments justify their increasing growth and suitability for point-of-care applications.

These biosensors are able to facilitate rapid detection and diagnosis at the point-of-care, which make them particularly useful for an early and unequivocal diagnosis, and to prevent further disease spread. In Europe, Methicillin-resistant Staphylococcus aureus (MRSA) infection remains an important pathogen in the European Union (EU) and European Economic Area (EEA) countries, as the levels of MRSA were high in several countries. In addition, in the EU/EEA population-weighted mean percentage for vancomycin-resistant Enterococcus faecium was increased from 10.5% in 2015 to 17.3% in 2018. Hence with an increase in infection from pathogens, the demand for fast point-of-care (POC) diagnostics like electrochemical biosensors is expected to increase in near future in Europe.

Europe Molecular Biosensors Market Share

Europe Molecular Biosensors Market Growth

Competitive Landscape

The Europe Molecular Biosensors Market is consolidated competitive. The market players with more funds for research and better distribution system have established their position in the market. Some of the market players include Dynamic Biosensors GmbH, Abbott Laboratories Inc., Siemens Healthcare, Nova biomedical Corporation, Sysmex Corporation and Others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Chronic and Lifestyle Induced Diseases

      2. 4.2.2 Growing Demand for Point of Care Testing

      3. 4.2.3 Increasing Application of Biosensors in Various Industries

    3. 4.3 Market Restraints

      1. 4.3.1 Strict Regulatory Requirements for Biosensors

      2. 4.3.2 High Cost Involved in Research and Development

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technology

      1. 5.1.1 Electrochemical Biosensors

      2. 5.1.2 Optical Biosensors

      3. 5.1.3 Thermal Biosensors

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Medical Diagnostics

      2. 5.2.2 Food and Beverages

      3. 5.2.3 Environment Safety

      4. 5.2.4 Defense and Security

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Dynamic Biosensors GmbH

      2. 6.1.2 Abbott Laboratories Inc.

      3. 6.1.3 Siemens Healthcare

      4. 6.1.4 Nova biomedical Corporation

      5. 6.1.5 Sysmex Corporation

      6. 6.1.6 F. Hoffmann La Roche Ltd

      7. 6.1.7 Johnson and Johnson

      8. 6.1.8 Biacore (GE healthcare)

      9. 6.1.9 Medtronic Plc

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Europe Molecular Biosensors Market market is studied from 2018 - 2026.

The Europe Molecular Biosensors Market is growing at a CAGR of 5.9% over the next 5 years.

Dynamic Biosensors GmbH, Nova biomedical Corporation, Sysmex Corporation, Abbott Laboratories Inc., Siemens Healthcare are the major companies operating in Europe Molecular Biosensors Market.

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