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Rising Demand from Biomedicine and Healthcare Industries Driving Global Nanosensors Market

Article Description

Detecting chemicals and biological species is central to many fields of life sciences and healthcare, including the task of discovering and screening novel medicine molecules and revealing the presence, absence, or level of severity of a disease and its diagnosis. Thus, the development of new ways or devices that can enable the direct, rapid, sensitive, and reliable analysis of these species can have a significant impact on the development of a number of fields and on humankind on a whole.

Systems incorporating nanosensors, sensors that are built on the nanoscale and whose purpose is to gather data on the nanoscale and transfer it in a form that can be easily analyzed, are considered a viable candidate fitting these specifications and have been under research and use in specialized applications in the past few years. Nanosensors can also be defined as physical or chemical sensors built using nanoscale components, usually of microscopic or submicroscopic sizes.

Browse the full Global Nanosensors Market report at: http://www.mrrse.com/nanosensors-market

The ultra-sensitive nature of nanosensors, coupled with their ultra-minute sizes, makes them useful in a variety of applications such as medicine, integrated circuits, aerospace, and many more.

Market to Grow at Unprecedented Pace

In the past few years, owing to advances in technology and the discovery of many reliable new-generation nanosensors, the global nanosensors market has seen flourishing growth. A market research report recently published by Transparency Market Research states that the market will expand at a phenomenal CAGR of 80.7% over the period between 2015 and 2021. At this pace, the market, pegged at US$26.9 mn in 2014, is expected to rise to US$1,500.9 mn by 2021. The key factors expected to drive the global nanosensors market over this period include the rising use of nanosensors in the fields of homeland security and military and the rising demand for portable and faster diagnostic sensing systems in the healthcare industry.

North America Leads but Asia Pacific Emerges as Fastest-growing Regional Market

In 2014, North America held the largest share in the global nanosensors market, an estimated 39%, in terms of revenue, followed by Europe, which accounted for a 26% share, and Asia Pacific. Owing to continuous investments aimed at research and development of novel and more sophisticated nanosensors by major vendors such as Honeywell International Inc., Samsung Electronics, and Texas Instruments Inc., North America is expected to remain the market leader over the coming years as well. The regional market is expected to expand, in terms of revenue, at an outstanding 81.2% CAGR between the years 2015 and 2021. Advancements in the field of microelectronics technologies and signal processing are expected to drive the market for nanosensors in Europe.

The flourishing growth of major end-use industries such as automotive, biomedicine, and healthcare and the rising modernization of these industries in Asia Pacific led to a significant rise in demand for a variety of nanosensors in the region in 2014, making it the fastest-growing regional market for the global nanosensors market.

As the demand for a variety of nanosensors is on a constant rise from a number of industries, companies are increasingly investing vast funds in the research and development of innovative and next generation nanosensors. The research-intensive market features major vendors such as OMRON Corporation, Analog devices Inc, Lockheed Martin Corporation, and Oxonica.