From 2022 to 2032, the market for biodetectors and associated products is expected to grow at a 12.6% CAGR. The market for biodetectors and accessories is estimated to be valued around $47.1 billion by 2032, up from $12.7 billion in 2021. Biodetectors identify antibodies in a wide range of species, from single cells to multicellular organisms. Sales of biodetectors and its accessories are expected to rise due to their vital role in the biorecognition of harmful species. These benefits are expected to drive demand for biodetectors and accessories across a wide range of sectors, hence raising the market share for these goods.
The demand, production, and sales of devices and accessories used for the detection of biological agents, poisons, and infections are referred to as the biodetectors and accessories market. These devices are used in a variety of industries, including healthcare, pharmaceuticals, environmental monitoring, and biodefense. Factors influencing the biodetectors and accessories market include rising global health concerns, technical developments in detecting technologies, and rising need for point-of-care testing. The market is very competitive, with both domestic and foreign competitors present.
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Key Takeaways
- During the projected period, the United States is expected to lead the biodetectors and accessories market with a CAGR of 12.2 percent through 2032.
- China is expected to expand at a significant CAGR of 12.0%. Due to increased outsourcing operations and improved healthcare infrastructure, the China biodetectors and accessories market is projected to see lucrative growth prospects in the future.
- With a CAGR of 12.3 percent during the projected period, the clinical segment is expected to lead the biodetectors and accessories market. DNA analysis, biomarker identification, illicit substances, toxins, and disease detection are all on the rise.
- The biodetectors and accessories market is expected to be dominated by point of care testing, by end user.
Competitive Landscape
The biodetectors and accessories market is dominated by key players such as BioDetection Instruments, Inc., PositiveID Corporation, BioDetection Systems, Bertin Technologies, Response BioMedical, Corp., and BBI Detection.
The market’s leading companies use a variety of strategies, including product launches, mergers and acquisitions, and contracts and collaborations. These strategies should lead to more effective and high-performing biodetectors and accessories, as well as better market laws and customer satisfaction.
Biodetectors And Accessories Market Key Players
- Biodetection Instruments Inc.
- PositiveID Corporation
- BioDetection Systems
- Bertin Technologies
- BBI Detection
Recent Developments
- The first multimode RTCA (real-time cell analyzer), which combines the best non-invasive biosensor measurement technologies with live-cell imaging, was released by Agilent Technologies Inc. in August 2019.
- In July 2018, PositiveID tested the listeria bacterium using their FireflyDX tool to find prototype pathogens that were present in meals and dairy products. This method will help the company produce higher-quality goods and gain a competitive edge.
- ColoPlex is a blood-based colorectal cancer diagnostic assay that makes use of Luminex’s xMAP Technology, and it was developed, manufactured, and commercialized by EDP Biotech Corporation under a non-exclusive agreement signed in May 2019 between the two companies.
- TetraCore, Inc. presented its ground-breaking multiplex test for orthopoxvirus (OPV) detection at the Biodefense World Summit 2019 in Maryland, United States.
Key Questions Covered in the Biodetectors and Accessories Market
- What are biodetectors and how do they work?
- What are the key applications of biodetectors and accessories?
- What are the major factors driving the growth of the biodetectors and accessories market?
- What are the key technological advancements in biodetection technologies?
- What are the key challenges faced by the biodetectors and accessories market?
Regional Analysis For Biodetectors and Accessories Market
- APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (USA, Canada and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
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MEA (Saudi Arabia, United Arab Emirates, South Africa)
