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The Global Non-Invasive Biosensors Market Growth Accelerated By Rising Demand For Continuous Health Monitoring

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ashwinicmi
The Global Non-Invasive Biosensors Market Growth Accelerated By Rising Demand For Continuous Health Monitoring

Non-invasive biosensors play an important role in continuous health monitoring by detecting various biochemical parameters from external surfaces of the body without any invasive procedures. These biosensors can measure vital signs like blood glucose, pressure, oxygen levels and other biomarkers from the skin surface, tears or breath. With the increasing burden of chronic diseases and aging population globally, the demand for constant health monitoring with wearable and non-invasive devices is rising significantly.

The global Non-invasive Biosensors Market is estimated to be valued at US$ 29.84 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The demand for continuous health monitoring is accelerating the growth of the non-invasive biosensors market. These biosensors help in detecting vital signs and biomarkers continuously without any surgical procedures involved. This allows high-risk patients and elderly population to monitor their health in the comfort of their own homes. With the rising prevalence of chronic diseases, health monitoring with non-invasive biosensors improves medical intervention and management of diseases. The ability to monitor health trends over long periods aids in better treatment outcomes. Continuous monitoring with biosensors enhances patient comfort and safety dramatically.


Segment Analysis

The global non-invasive biosensors market is dominated by implantable biosensors sub-segment due to growing demand for continuous monitoring of health parameters. Implantable biosensors help in monitoring of blood pressure, blood glucose, hormone levels and others through minimally invasive procedures. It has wide applications in diabetes, cancer, cardiology and neurology treatment.

Key Takeaways

The Global Non-Invasive Biosensors Market Size is expected to witness high growth during the forecast period of 2023 to 2030. The market size for 2023 is US$ 29.84 Bn and is anticipated to grow at a CAGR of 13%.

Regional analysis:

North America region currently dominates the global non-invasive biosensors market due to developed healthcare infrastructure and availability of technologically advanced devices. Presence of major players and higher healthcare spending in US and Canada drives the growth of the market. Asia Pacific region is expected to be the fastest growing market during the forecast period due presence of huge patient population, growing medical tourism industry and rising per capita healthcare expenditure in countries like China and India.

Key players:

Key players operating in the non-invasive biosensors market are Intuitive Surgical, Think Surgical, Asensus Surgical US, Inc., Zimmer Biomet, Stryker, Smith & Nephew, Novus Health Products, and Medtronic. Intuitive Surgical dominates the market due to its strong foothold in implantable biosensors through partnerships with major healthcare institutes. Think Surgical is continuously launching technologically advanced implantable biosensors for minimally invasive surgeries.


Get more insights on this topic:

https://www.marketwebjournal.com/non-invasive-biosensors-market-market-size-and-share-analysis/

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