Biosensors Market Projected To Raise At USD 41.8 Billion By 2028
San Francisco, 4 June 2021: The Report Biosensors Market Size, Share & Trends Analysis Report By Application (Medical, Agriculture, Environment) By Technology (Thermal, Electrochemical, Optical), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global biosensors market size is anticipated to reach USD 41.8 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.9% from 2021 to 2028. The rising prevalence of chronic conditions such as diabetes and obesity and the growing demand for early and accurate detection of any associated condition are the key driving factors for the market. As per the WHO report, in 2016 over 1.9 billion individuals were overweight, out of which nearly 650.0 million were obese. This has increased the sales of testing and monitoring kits used as medical sensors in the home as well as healthcare settings, thus, boosting the market growth. Furthermore, the outbreak of COVID-19 has