Cross-border applications of sensors, the need for bio sensors can be seamless, will be the future trend. The "immediate detection" trend will come in the next 10 years. The physical form and application scenarios of biosensors will be personalized.
According to a latest report issued by PMR, a world-renowned market research company, in April 2017, the global biosensor market will experience rapid growth in the next six years. The market value of this market in 2014 will be 12.9 billion U.S. dollars, and by 2020 it will reach 22.5 billion U.S. dollars. The compound annual growth rate is 9.7%. Geographically, North America is currently the largest market for biosensors in the world, and the Asia-Pacific region will become the fastest-growing region due to the continuous expansion of medical insurance coverage, the large population base, and the continuous upgrading of health care systems.
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