Flexible Electronics News

Biosensors Market Worth $31.5 billion by 2024

Anticipates growth from $21.2 billion in 2019 to $31.5 billion by 2024.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

MarketsandMarkets’ report, “Biosensors Market by Type (Sensor patch and embedded device), Product (Wearable and nonwearable), Technology (Electrochemical and optical), Application (POC, Home Diagnostics, Research Lab, Food & Beverages), and Geography – Global Forecast to 2024,” said the segment is expected to grow from $21.2 billion in 2019 to $31.5 billion by 2024, at a CAGR of 8.3%.   Factors such as continuous technological advancements in biosensors ecosystem, increase in the use o...

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