Chemical Sensors Market Share, Analysis, Trend, Size, Growth till 2027

 Market Analysis 

The global Advanced Chemical Sensors market Size is predicted to touch USD 30.47 billion at a 5.54% CAGR during the forecast period (2020- 2027), states the latest Market Research Future’s (MRFR) chemical sensors market report.

Growing Adoption in Healthcare Sector to Boost Market Growth 

Chemical Sensors Market Size have wide applications in the healthcare sector. They are used in diagnosis of alcohol/drug abuse and renal failure, portable glucose monitors, cancer diagnosis, and fertility systems. Besides, the increasing prevalence of diabetes and associated diseases is also likely to increase the demand of the product as chemical sensors are used to manufacture blood sugar testing strips. 

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COVID-19 Analysis 

Fortunately, the COVID-19 pandemic had a positive impact on the chemical sensors market. 

Researchers are developing a low-cost, rapid and mass manufacturable saliva-based biosensor test for COVID-19 that is inspired by the glucose test strips used for checking blood sugar levels in diabetic patients. 

On the other hand, researchers at the University of Washington have developed protein-based biosensors to detect the proteins that make up coronavirus and the antibodies against it. 

Market Segmentation 

Solid Type to Lead Chemical Sensors Market 

The solid type segment will lead the chemical sensors industry over the forecast period. 

Electrochemical Sensors Technology to Dominate Chemical Sensors Market 

The electrochemical sensors technology segment will dominate the chemical sensors market over the forecast period and at the highest CAGR for the rapid pace of development in micro-fabrication technologies and microelectronics that call for miniaturized chemical sensors. 

Healthcare and Life Sciences Application to Spearhead Chemical Sensors Market 

The healthcare and life sciences application segment will spearhead the chemical sensors market over the forecast period and at the highest CAGR for the technological advances in measuring, clinical diagnostic, and monitoring sensors that are used in wearable and implantable devices. 

Key Players 

Leading players profiled in the global chemical sensors market report include Abbott Laboratories (US), Emerson Electric Co. (US), Denso Corporation (Japan), Nova Biochemical Corp. (US), Thermo Fisher Scientific Inc. (US), AMETEK, Inc. (US), Alpha MOS (France), Freescale Semiconductor, Inc. (US), Halma PLC (UK), and F. Hoffmann-La Roche AG (Switzerland).

Industry Updates 

June 2021- Indian and UK scientists have jointly made a low-cost sensor which can help in detecting fragments of the virus accountable for COVID-19 within wastewater, thus paving the way for health experts to get a better understanding of how prevalent the disease is in larger areas. 

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About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


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