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Biosensors industry to marginally outline the healthcare profitability matrix, U.S. to be a major regional growth contender

The growth prospects of biosensors industry seem to be rather pronounced in recent times, given the exponentially rising commercial utilization of these sensors in the food, healthcare, biotechnology, and other sectors. The imperative deployment of biosensors has gained paramount importance in the field of drug discovery and biomedicine, which are currently the hotspots in the medical space. The rising quest for operational efficiency, especially in healthcare has led to the invention of precise and powerful analytical tools, utilizing a biological sensing element, known as biosensor. Quite overtly, the term biosensor has been applied to a number of devices that are used to detect various biological elements such as cells, tissues, antibodies, enzymes, organisms, and nucleic acid. Biosensors have undeniably acted as catalysts for innovations in the healthcare industry and are further gaining significant popularity in diabetes management via blood glucose monitors. Reports claim that the tremendous rise in the number of diabetic patients will have far-reaching implications on the growth prospects of biosensors industry. As per statistics, the global prevalence of diabetes is anticipated to cross 552 million by 2030 from 366 million in 2011. In context, the alarming prevalence of diabetes has triggered the need for efficient diagnostics devices, which in turn has catapulted biosensors market growth.

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