Bio Detectors And Accessories Market Growth & Trends
The global bio detectors and accessories market size is expected to reach USD 38.64 billion by 2030, expanding at a CAGR of 12.4% from 2024 to 2030. Increasing prevalence of airborne and contact diseases such as anthrax, coronavirus, and plague is a high impact rendering driver of biodetectors and accessories market.
According to the World Health Organization (WHO),plague is a severe air-borne disease with casefatality ratio of 30%-60% and there were 783 cases reported globally in 2013. Moreover, continuous deterioration of environmental conditions as a consequence of increasing pollution is anticipated to induce demand for biodetectors and accessories market.
Furthermore, the advent of technologically-advanced products such as microfluidics-based detectors, micro arrays, PCR, and electrochemiluminescence-based devices is anticipated to propel demand for biodetectors in a wide range of applications, thereby fueling growth of overall market over the forecast period. For instance, in November 2015, Smiths Detection launched TRACE-PRO, probe-based non-radioactive explosives detector.
This product exhibited enhanced speed and increased efficiency of the sample screening. The aforementioned factors are expected to serve as key contributing factors towards growth of biodetectors and accessories market over the forecast period.
Bio Detectors And Accessories Market Report Highlights
- In 2023, instruments dominated the product segment, accounting for a revenue share of over 37.9%, owing to its incorporation in a wide range of applications such as biohazard detection, pharmaceutical research, and forensic sciences
- The clinical applications market held a substantial share constituting of over 36.1% of the overall revenue owing to rising incorporation of biodetector kits & reagents in DNA analysis, human cell identification, laboratory-based pathogen testing, and toxin detection and identification.
- Point of care testing dominated the end-use segment as a consequence of rising penetration of these devices in medical analytics, toxicology, drug screening, and rapid diagnosis of heart diseases through detection of biomarkers. Other end-use segment inclusive of biodefense is anticipated to be the fastest growing market owing to rising R&D investments in chemical detection systems coupled with high threat of bioterrorism and disease outbreaks
- Some key players catering to this industry are Bio-Rad Laboratories, Inc., PositiveID Corporation, LightDeck Diagnostics, Thermo Fisher Scientific Inc., Shimadzu Corporation, BERTIN TECHNOLOGIES, MSA the Safety Company, Research International, Shimadzu Corporation, Agilent Technologies, Bio Rad Laboratories, Thermo Fisher Scientific, Response BioMedical, Corp.,Physical Sciences, Inc., NetBio, Inc., andMBio Diagnostics, Inc.
- In April 2024, Bio-Rad Laboratories, Inc. introduced ultrasensitive multiplexed digital Polymerase Chain Reaction (PCR) assay, ddPLEX ESR1 Mutation Detection Kit. This new assay enhances the organization’s Droplet Digital PCR offerings for oncology, providing highly sensitive detection assays to support translational research, disease monitoring and therapy selection.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Bio Detectors and Accessories Market Variables, Trends, & Scope
Chapter 4. Bio Detectors and Accessories Market: Product Estimates & Trend Analysis
Chapter 5. Bio Detectors and Accessories Market: Application Estimates & Trend Analysis
Chapter 6. Bio Detectors and Accessories Market: End Use Estimates & Trend Analysis
Chapter 7. Bio Detectors and Accessories Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
- Bio-Rad Laboratories, Inc.
- PositiveID Corporation
- LightDeck Diagnostics
- Thermo Fisher Scientific Inc.
- Shimadzu Corporation
- BERTIN TECHNOLOGIES
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 17.11 Billion |
| Forecasted Market Value ( USD | $ 38.64 Billion |
| Compound Annual Growth Rate | 12.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
