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Global Electrochemical Sensors Market Size, Share & Trends Analysis Report by Application (Healthcare, Agriculture, Food & Beverage, Veterinary), Region, and Segment Forecasts, 2024-2030­

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    Report

  • 130 Pages
  • May 2024
  • Region: Global
  • Grand View Research
  • ID: 5976555
The global electrochemical sensors market size is expected to reach USD 18.4 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. The market growth can be attributed to the increasing applications of electrochemical sensors in various industries such as environmental monitoring, healthcare, and food & beverage. Moreover, the rising demand for portable and wearable devices, along with advancements in sensor technology, is fueling market expansion.

Rising prevalence of diabetes across the globe is anticipated to boost the market growth. Antimicrobial resistance, adoption of unhealthy & sedentary lifestyle, alcohol consumption, and smoking are some of the major factors contributing to the rise in prevalence of diabetes. The CDC’s 2022 National Diabetes Statistics Report estimated that over 130 million U.S. individuals were suffering from diabetes or prediabetes. Due to maintaining sugar-rich diets and a lack of exercise, diabetes has reached epidemic levels in the U.S. By 2050, one in three U.S. individuals is expected to have diabetes if the current disease incidence persists.

Electrochemical sensors can measure factors such as nutrient levels (e.g., nitrates, phosphates), pH, and moisture content in soil, allowing for targeted application of fertilizers and irrigation. This reduces waste and environmental impact and improves crop yield and quality. In addition, they can detect the presence of disease markers or specific plant metabolites, enabling early intervention and improved pest management strategies. With the growing need for sustainable and efficient agricultural practices, electrochemical sensors are poised to play a vital role, propelling their market growth in the agricultural sector.

Electrochemical Sensors Market Report Highlights

  • By application, the healthcare segment dominated the global electrochemical sensor market in 2023 with a revenue share of 97.1%. The segment growth can be attributed to the extensive use of these sensors in medical diagnostics, patient monitoring, and therapeutic applications.
  • In 2023, North America held the largest revenue share of 40.4% in 2023. This can be attributed to the strong presence of key market players and research institutions in the region, which is driving innovation in sensor technology. Moreover, stringent regulations regarding environmental monitoring and safety standards in industries are contributing to the high demand for electrochemical sensors.
  • Asia Pacific is projected to register the fastest CAGR of 9.8% during the forecast period. Key factors driving the market growth are presence of a significant target population, an increasing number of government initiatives, and the rising incidence of food allergies.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Application
1.2.2. Regional Scope
1.2.3. Estimates and Forecast Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.4.5. Details of Primary Research
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity Price Analysis (Model 1)
1.7.2. Approach 1: Commodity Flow Approach
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Global Electrochemical Sensors Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.3. Electrochemical Sensors Market Analysis Tools
3.3.1. Industry Analysis - Porter’s
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrant
3.3.1.5. Competitive Rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political Landscape
3.3.2.2. Technological Landscape
3.3.2.3. Economic Landscape
Chapter 4. Global Electrochemical Sensors Market: Application Estimates & Trend Analysis
4.1. Electrochemical Sensors Market: Application Dashboard
4.2. Electrochemical Sensors Market: Application Movement Analysis
4.3. Electrochemical Sensors Market Size & Forecasts and Trend Analysis, 2018 to 2030
4.3.1. Healthcare
4.3.1.1. Market Estimates and Forecast 2018 to 2030 (USD Billion)
4.3.2. Agriculture
4.3.2.1. Market Estimates and Forecast 2018 to 2030 (USD Billion)
4.3.3. Food & Beverage
4.3.3.1. Market Estimates and Forecast 2018 to 2030 (USD Billion)
4.3.4. Veterinary
4.3.4.1. Market Estimates and Forecast 2018 to 2030 (USD Billion)
Chapter 5. Regional Estimates & Trend Analysis by Application
5.1. Global Electrochemical Sensors Market: Regional Dashboard
5.2. Global Electrochemical Sensors Market: Regional Movement Analysis
5.3. Global Electrochemical Sensors Market Size & Forecasts and Trend Analysis, by Application, 2018 to 2030
5.4. North America
5.4.1. U.S.
5.4.1.1. Key Country Dynamics
5.4.1.2. Regulatory Framework/Reimbursement Structure
5.4.1.3. Competitive Scenario
5.4.1.4. U.S. Market Estimates and Forecast, 2018-2030 (USD Billion)
5.4.2. Canada
5.4.2.1. Key Country Dynamics
5.4.2.2. Regulatory Framework/Reimbursement Structure
5.4.2.3. Competitive Scenario
5.4.2.4. Canada Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5. Europe
5.5.1. UK
5.5.1.1. Key Country Dynamics
5.5.1.2. Regulatory Framework/Reimbursement Structure
5.5.1.3. Competitive Scenario
5.5.1.4. UK Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.2. Germany
5.5.2.1. Key Country Dynamics
5.5.2.2. Regulatory Framework/Reimbursement Structure
5.5.2.3. Competitive Scenario
5.5.2.4. Germany Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.3. France
5.5.3.1. Key Country Dynamics
5.5.3.2. Regulatory Framework/Reimbursement Structure
5.5.3.3. Competitive Scenario
5.5.3.4. France Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.4. Italy
5.5.4.1. Key Country Dynamics
5.5.4.2. Regulatory Framework/Reimbursement Structure
5.5.4.3. Competitive Scenario
5.5.4.4. Italy Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.5. Spain
5.5.5.1. Key Country Dynamics
5.5.5.2. Regulatory Framework/Reimbursement Structure
5.5.5.3. Competitive Scenario
5.5.5.4. Spain Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.6. Sweden
5.5.6.1. Key Country Dynamics
5.5.6.2. Regulatory Framework/Reimbursement Structure
5.5.6.3. Competitive Scenario
5.5.6.4. Sweden Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.7. Norway
5.5.7.1. Key Country Dynamics
5.5.7.2. Regulatory Framework/Reimbursement Structure
5.5.7.3. Competitive Scenario
5.5.7.4. Norway Market Estimates and Forecast, 2018-2030 (USD Billion)
5.5.8. Denmark
5.5.8.1. Key Country Dynamics
5.5.8.2. Regulatory Framework/Reimbursement Structure
5.5.8.3. Competitive Scenario
5.5.8.4. Denmark Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6. Asia-Pacific
5.6.1. China
5.6.1.1. Key Country Dynamics
5.6.1.2. Regulatory Framework/Reimbursement Structure
5.6.1.3. Competitive Scenario
5.6.1.4. China Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6.2. Japan
5.6.2.1. Key Country Dynamics
5.6.2.2. Regulatory Framework/Reimbursement Structure
5.6.2.3. Competitive Scenario
5.6.2.4. Japan Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6.3. India
5.6.3.1. Key Country Dynamics
5.6.3.2. Regulatory Framework/Reimbursement Structure
5.6.3.3. Competitive Scenario
5.6.3.4. India Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6.4. Australia
5.6.4.1. Key Country Dynamics
5.6.4.2. Regulatory Framework/Reimbursement Structure
5.6.4.3. Competitive Scenario
5.6.4.4. Australia Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6.5. Thailand
5.6.5.1. Key Country Dynamics
5.6.5.2. Regulatory Framework/Reimbursement Structure
5.6.5.3. Competitive Scenario
5.6.5.4. Thailand Market Estimates and Forecast, 2018-2030 (USD Billion)
5.6.6. South Korea
5.6.6.1. Key Country Dynamics
5.6.6.2. Regulatory Framework/Reimbursement Structure
5.6.6.3. Competitive Scenario
5.6.6.4. South Korea Market Estimates and Forecast, 2018-2030 (USD Billion)
5.7. Latin America
5.7.1. Brazil
5.7.1.1. Key Country Dynamics
5.7.1.2. Regulatory Framework/Reimbursement Structure
5.7.1.3. Competitive Scenario
5.7.1.4. Brazil Market Estimates and Forecast, 2018-2030 (USD Billion)
5.7.2. Mexico
5.7.2.1. Key Country Dynamics
5.7.2.2. Regulatory Framework/Reimbursement Structure
5.7.2.3. Competitive Scenario
5.7.2.4. Mexico Market Estimates and Forecast, 2018-2030 (USD Billion)
5.7.3. Argentina
5.7.3.1. Key Country Dynamics
5.7.3.2. Regulatory Framework/Reimbursement Structure
5.7.3.3. Competitive Scenario
5.7.3.4. Argentina Market Estimates and Forecast, 2018-2030 (USD Billion)
5.8. MEA
5.8.1. Saudi Arabia
5.8.1.1. Key Country Dynamics
5.8.1.2. Regulatory Framework/Reimbursement Structure
5.8.1.3. Competitive Scenario
5.8.1.4. Saudi Arabia Market Estimates and Forecast, 2018-2030 (USD Billion)
5.8.2. South Africa
5.8.2.1. Key Country Dynamics
5.8.2.2. Regulatory Framework/Reimbursement Structure
5.8.2.3. Competitive Scenario
5.8.2.4. South Africa Market Estimates and Forecast, 2018-2030 (USD Billion)
5.8.3. UAE
5.8.3.1. Key Country Dynamics
5.8.3.2. Regulatory Framework/Reimbursement Structure
5.8.3.3. Competitive Scenario
5.8.3.4. UAE Market Estimates and Forecast, 2018-2030 (USD Billion)
5.8.4. Kuwait
5.8.4.1. Key Country Dynamics
5.8.4.2. Regulatory Framework/Reimbursement Structure
5.8.4.3. Competitive Scenario
5.8.4.4. Kuwait Market Estimates and Forecast, 2018-2030 (USD Billion)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, by Key Manufacturers
6.2. Company/Competition Categorization
6.2.1. Heat Map Analysis
6.2.2. Key Company Market Share Analysis, 2023
6.2.3. Thermo Fisher Scientific, Inc.
6.2.3.1. Company Overview
6.2.3.2. Financial Performance
6.2.3.3. Application Benchmarking
6.2.3.4. Strategic Initiatives
6.2.4. Conductive Technologies Inc.
6.2.4.1. Company Overview
6.2.4.2. Financial Performance
6.2.4.3. Application Benchmarking
6.2.4.4. Strategic Initiatives
6.2.5. Ametek Inc.
6.2.5.1. Company Overview
6.2.5.2. Financial Performance
6.2.5.3. Application Benchmarking
6.2.5.4. Strategic Initiatives
6.2.6. Abbott
6.2.6.1. Company Overview
6.2.6.2. Financial Performance
6.2.6.3. Application Benchmarking
6.2.6.4. Strategic Initiatives
6.2.7. F. Hoffmann-La Roche AG
6.2.7.1. Company Overview
6.2.7.2. Financial Performance
6.2.7.3. Application Benchmarking
6.2.7.4. Strategic Initiatives
6.2.8. Ascensia Diabetes Care
6.2.8.1. Company Overview
6.2.8.2. Financial Performance
6.2.8.3. Application Benchmarking
6.2.8.4. Strategic Initiatives
6.2.9. Siemens Healthineers
6.2.9.1. Company Overview
6.2.9.2. Financial Performance
6.2.9.3. Application Benchmarking
6.2.9.4. Strategic Initiatives
6.2.10. Zimmer & Peacock as
6.2.10.1. Company Overview
6.2.10.2. Financial Performance
6.2.10.3. Application Benchmarking
6.2.10.4. Strategic Initiatives
6.2.11. Metrohm AG
6.2.11.1. Company Overview
6.2.11.2. Financial Performance
6.2.11.3. Application Benchmarking
6.2.11.4. Strategic Initiatives
6.2.12. Shandong Renke Control Technology Co., Ltd
6.2.12.1. Company Overview
6.2.12.2. Financial Performance
6.2.12.3. Application Benchmarking
6.2.12.4. Strategic Initiatives
List of Tables
Table 1 List of Abbreviation
Table 2 North America Electrochemical Sensors Market, by Region, 2018-2030 (USD Billion)
Table 3 North America Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 4 U.S. Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 5 Canada Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 6 Europe Electrochemical Sensors Market, by Region, 2018-2030 (USD Billion)
Table 7 Europe Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 8 UK Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 9 Germany Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 10 France Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 11 Italy Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 12 Spain Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 13 Denmark Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 14 Sweden Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 15 Norway Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 16 Asia-Pacific Electrochemical Sensors Market, by Region, 2018-2030 (USD Billion)
Table 17 Asia-Pacific Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 18 Japan Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 19 China Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 20 India Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 21 Australia Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 22 South Korea Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 23 Thailand Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 24 Latin America Electrochemical Sensors Market, by Region, 2018-2030 (USD Billion)
Table 25 Latin America Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 26 Brazil Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 27 Mexico Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 28 Argentina Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 29 MEA Electrochemical Sensors Market, by Region, 2018-2030 (USD Billion)
Table 30 MEA Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 31 Saudi Arabia Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 32 South Africa Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 33 UAE Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
Table 34 Kuwait Electrochemical Sensors Market, by Application, 2018-2030 (USD Billion)
List of Figures
Figure 1 Electrochemical Sensor Market Segmentation
Figure 2 Market Research Process
Figure 3 Information Procurement
Figure 4 Primary Research Pattern
Figure 5 Market Research Approaches
Figure 6 Market Formulation & Validation
Figure 7 Market Snapshot
Figure 8 Segment Snapshot
Figure 9 Competitive Landscape
Figure 10 Parent Market Value, 2023 (USD Billion)
Figure 11 Electrochemical Sensor Market Dynamics
Figure 12 Adults with Diabetes Across Years (in Millions)
Figure 13 Prevalence of Different Cancers in 2020
Figure 14 Leading Causes of Paralysis
Figure 15 Electrochemical Sensor Market : PORTER’s Analysis
Figure 16 Electrochemical Sensor Market : PESTEL Analysis
Figure 17 Electrochemical Sensor Market: By Application: Key Takeaways
Figure 18 Electrochemical Sensor Market, by Application: Market Share, 2023 & 2030
Figure 19 Healthcare (consumer and Professional Testing), 2018-2030 (USD Billion)
Figure 20 Veterinary Market, 2018-2030 (USD Billion)
Figure 21 Agriculture Market, 2018-2030 (USD Billion)
Figure 22 Food & Beverages Market, 2018-2030 (USD Billion)
Figure 23 Electrochemical Sensor Market Revenue, by Region, 2023 & 2030, (USD Billion)
Figure 24 Regional Marketplace: Key Takeaways
Figure 25 Regional Marketplace: Key Takeaways
Figure 26 North America Electrochemical Sensor Market , 2018-2030 (USD Billion)
Figure 28 U.S. Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 29 Key Country Dynamics
Figure 30 Canada Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 31 Europe Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 32 Key Country Dynamics
Figure 33 UK Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 34 Key Country Dynamics
Figure 35 Proportion of People Aged 65 and Over with Multiple Chronic Conditions
Figure 36 Germany Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 37 Key Country Dynamics
Figure 38 Veterinary Spending Change in France
Figure 39 France Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 40 Key Country Dynamics
Figure 41 Italy Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 42 Key Country Dynamics
Figure 43 Volume of Wet and Dry Pet Food Consumed in Spain (in Tons)
Figure 44 Spain Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 45 Key Country Dynamics
Figure 46 Denmark Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 47 Key Country Dynamics
Figure 48 Breast and Cervical Cancer Screening Rates in Sweden and EU
Figure 49 Sweden Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 50 Key Country Dynamics
Figure 51 Cancer Cases in Men and Women in Norway (2022)
Figure 52 Norway Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 53 Asia-Pacific Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 54 Key Country Dynamics
Figure 55 Japan Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 56 Key Country Dynamics
Figure 57 China Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 58 Key Country Dynamics
Figure 59 India Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 60 Key Country Dynamics
Figure 61 Australia Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 62 Key Country Dynamics
Figure 63 South Korea Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 64 Key Country Dynamics
Figure 65 Thailand Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 66 Latin America Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 67 Key Country Dynamics
Figure 68 Mexico Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 69 Key Country Dynamics
Figure 70 Brazil Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 71 Key Country Dynamics
Figure 72 Estimated Past and Future Trends for Breast and Lung Cancer in Argentina
Figure 73 Argentina Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 74 MEA Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 75 Key Country Dynamics
Figure 76 South Africa Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 77 Key Country Dynamics
Figure 78 Saudi Arabia Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 79 Key Country Dynamics
Figure 80 UAE Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 81 Key Country Dynamics
Figure 82 Kuwait Electrochemical Sensor Market, 2018-2030 (USD Billion)
Figure 83 Key Company Categorization
Figure 84 Company Market Share Analysis for Healthcare Electrochemical Sensors, 2023
Figure 85 Company Market Share Analysis for Agriculture Electrochemical Sensors, 2023
Figure 86 Company Market Share Analysis for Food & Beverage Electrochemical Sensors, 2023
Figure 87 Company Market Share Analysis for Veterinary Electrochemical Sensors, 2023
Figure 88 Strategy Mapping

Companies Mentioned

  • Thermo Fisher Scientific, Inc.
  • Conductive Technologies Inc.
  • Ametek Inc.
  • Abbott
  • F. Hoffmann-La Roche AG
  • Ascensia Diabetes Care
  • Siemens Healthineers
  • Zimmer & Peacock AS
  • Metrohm AG
  • Shandong Renke Control Technology Co., Ltd

Methodology

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Table Information