Biodetectors and Accessories Market
Biodetectors And Accessories Market Analysis By Product (Biodetection Instruments, Reagents & Media, Accessories & Consumables), By Application (Clinical, Food & Environmental, Defense), By End User, By Region - Global Forecast 2022-2032
Analysis of Biodetectors and Accessories market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Biodetectors and Accessories Market Outlook
The biodetectors and accessories market is predicted to grow at a steady CAGR of 12.6% during the projected period of 2022 to 2032. The biodetectors and accessories market size is estimated to be worth approximately US$ 47.1 Billion by 2032, increasing from US$ 12.7 Billion in 2021.
Biodetectors And Accessories Market Size (2021)
US$ 12.7 Bn
Biodetectors And Accessories Market Value (2022)
US$ 14.4 Bn
Biodetectors And Accessories Market Value (2032)
US$ 47.1 Bn
Biodetectors And Accessories Market Growth Rate (2022-2032)
Biodetectors And Accessories Market Key Players
Due to the rising levels of pollution and the rising burden of airborne diseases, the demand for biodetectors and accessories is projected to grow during the forecast period.
The growing trend of environmental degradation has given birth to positive government measures and public awareness campaigns, resulting in biodetectors and accessories market growth opportunities.
The increased risk of cardiovascular disease, arsenicosis, cancer, and chronic kidney disease is also likely to improve the biodetectors and accessories industry's outlook.
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Global Biodetectors and Accessories Market Historical Analysis (2015-2021) Vs. Forecast Outlook (2022-2032)
According to the new market research report on biodetectors and accessories market published by Fact.MR, the biodetectors and accessories market growth, is predicted to rise steadily from 2022 to 2032.
During the previous analysis period of 2015 to 2021, the biodetectors and accessories market share witnessed a net worth of US$ 12.7 Bn in 2021, with a year-on-year growth rate of 14.2%.
The increase in sales of biodetectors and accessories adoption trends is attributed to the impact of the Covid-19 pandemic. With increased regulatory backing for preventive measures and clinical urgency for acquiring biodefense systems in response to the current COVID-19 situation, market demand for biodetectors and accessories has skyrocketed.
The biodetectors and accessories market size is expanding due to key industry companies' increasing reliance on innovations and researchers to combat infection transmission.
For example, Smiths Detection developed BioFlash®, a biological identifier capable of identifying the SARS-CoV-2 virus in the air, following tests conducted by the USAMRIID in February 2021.
What are the Different Market Dynamics driving the Global Biodetectors and Accessories Market?
“The growing demand for technologically superior detection systems for early detection of potential biothreats, as well as the growing need to avoid bioterrorism, is anticipated to drive the biodetectors and accessories market growth.”
Biodetectors are widely employed to identify antibodies in species ranging from single cells to multicellular organisms. The sales of biodetectors and accessories are anticipated rise as they play a critical part in harmful organism biorecognition.
These advantages are anticipated to increase the demand for biodetectors and accessories across many sectors, resulting in biodetectors and accessories market growth.
Furthermore, increased demand for biodetectors and accessories for early detection of possible biohazards is likely to boost the sales of biodetectors and accessories during the forecast period.
Microarrays, microfluidics-based biodetectors, and electrochemiluminescence-based biodetectors are among the latest biodetectors and accessories market trends.
Using these latest modified biodetection systems has several advantages, including improved ability to identify low-level agents, faster reaction, and multiple agent recognition. As a result of these factors, the biodetectors and accessories market share is anticipated to rise rapidly during the forecast period.
Furthermore, massive levels of air pollution are increasing on a daily basis around the world, resulting in the spread of airborne diseases.
The growing need to prevent bioterrorism, which entails the use of exceedingly hazardous chemical agents, is projected to drive up demand for biodetectors and accessories.
The Anthrax pathogen attacked government officials in the United States in 2001. Such occurrences are anticipated to aid in the global adoption of biodetectors and accessories systems.
Furthermore, the rapid spread of several viral and infectious diseases, such as SARS-CoV-2, Ebola, MARS, and Zika virus, is likely to instil fear in the public's mind.
As a result, this factor is likely to prompt regulatory authorities to develop preventive measures and initiate clinical urgency to procure biodefense mechanisms, including biodetectors and accessories.
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What are the Major Challenges Experienced by the Biodetectors and Accessories Market Players?
“High procurement costs and poor awareness of these systems in developing economies are limiting the growth of the biodetectors and accessories market to some extent.”
Due to COVID19, the biodetectors and accessories market is witnessing a low supply of biodetectors and accessories. However, healthcare organisations are planning new plans to respond to the rising number of COVID-19 patients, from acquiring rapid diagnostic kits to ensuring personnel has enough PPE.
Due to the medical field's focus on treating COVID-19, funding for biodetector and accessory R&D activities has been reduced. As a result, this segment has been neglected, which limited the growth of biodetector and accessories market share.
On the other hand, growing environmental degradation, supporting government initiatives, and public awareness campaigns, boost the global biodetector and accessories market share, providing ample growth opportunities for biodetectors and accessories market players.
United States Market
United Kingdom Market
South Korea Market
What is the Biodetectors and Accessories Market Outlook for the U.S.?
The United States is anticipated to lead the biodetectors and accessories market with a CAGR of 12.2% during the forecast period.
Due to the growing number of governments attempts to strengthen counter-terrorism and homeland security, biodetectors and accessories are expected to be in higher demand in the U.S.
Growing levels of air pollution have paved the way for greater technological developments in biodetectors and accessories market and an increase in the burden of numerous chronic diseases.
The demand for biodetectors and accessories is rising due to the strong presence of significant industry competitors, combined with rising healthcare costs. As a result, this factor has led to an increase in R&D spending and product releases.
The growing threat of contact illnesses, such as Ebola, as well as increased government emphasis on biosecurity and the availability of well-developed infrastructure, is anticipated to aid in the growth of biodetectors and accessories market share.
What is the Biodetectors and Accessories Market Outlook for Asia Pacific and Europe?
China is anticipated to grow at a considerable CAGR of 12.0%. China biodetectors and accessories market is expected to witness lucrative growth opportunities in the future due to increasing outsourcing activities and improving healthcare infrastructure.
The demand for biodetectors and accessories is rising rapidly as governments in these countries strive to prevent bioattacks and establish effective techniques for limiting the harm caused by these attacks.
The increasing use of biological agents and weapons, as well as greater awareness of bioterrorism and biological warfare, is driving sales of biodetectors and accessories, particularly in the Asia Pacific and the Middle East.
Biodetection technology and treatments against possible biological threats, as well as widespread government support, are expected to propel the growth of biodetectors and accessories market share.
Challenges in identifying minute viruses increased misuse of scientific advances, and increased circulation of hazardous biological weapons and agents, on the other hand, is likely to restrain the biodetectors and accessories market growth.
What is the Growth Outlook for the Biodetectors and Accessories Market According to Different Segments?
“Broad detection limits, low-level detection capability, and speedy biothreat response are the major factors contributing to biodetectors and accessories market expansion.”
With a CAGR of 12.4%, biodetection Instruments accounted for over 38.0% of the product category. This is due to the increased adoption of biodetection instruments in a variety of applications, such as air and water monitoring, explosives and chemical detection, and pathogen testing equipment.
Biosensor-based systems, Gas Chromatographs-Mass Spectrometers (GC-MS systems), gas analyzers, PCD-based assays, and next-generation sequencing devices are types of biodetection equipment.
Furthermore, the high cost of biodetection equipment is a major contributor to their large revenue share in the biodetectors and accessories market.
Due to their significant utilization in conjunction with biodetection instruments, frequent replacements, and low associated costs, reagents and media segments are expected to expand in terms of market value during the forecast period.
Which Application segment is Dominating the Global Biodetectors and Accessories Market?
During the forecast period, the clinical segment is anticipated to dominate the biodetectors and accessories market with a CAGR of 12.3%. This is due to an increase in DNA analysis, biomarker identification, illicit drugs, poisons, and disease detection.
However, increased concerns about bio-terrorism are expected to propel the growth in defence segment with a significant CAGR during the projection period.
Which is Dominating End User Segment in the Global Biodetectors and Accessories Market?
By end user, the point of care testing is anticipated to dominate the biodetectors and accessories market. Due to its increasing use in medical diagnostics, drug toxicology research, and quick diagnosis, point of care testing accounted for a significant portion of the end-use segment.
As a result of increased R&D investments in CBRNE threat detection systems due to rising bioterrorism threat levels and pathogen outbreaks, the Others sub-segment, which includes biodefense, is predicted to develop at a profitable pace. Over the forecast period, this is expected to fuel biodetectors and accessories market expansion.
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How Strong is the Competitive Landscape for the Biodetectors and Accessories Market?
BioDetection Instruments, Inc., PositiveID Corporation, BioDetection Systems, Bertin Technologies, Response BioMedical, Corp., and BBI Detection are among the key players in biodetectors and accessories market.
Product launches, mergers and acquisitions, and contracts and collaborations are among the techniques used by the market's leading companies. These tactics are anticipated to result in more effective and high-performing biodetectors and accessories, as well as improved market laws and customer satisfaction.
What are the Recent Developments in the Biodetectors and Accessories Market?
- Agilent Technologies Inc. introduced a multimode RTCA (real-time cell analyzer) in August 2019, which is the first of its kind and combines the best of non-invasive biosensor measuring technologies with live-cell imaging.
- PositiveID tested the listeria bacterium on their FireflyDX product in July 2018 to identify prototype pathogens found in dairy products and meals. This strategy will help the company generate higher-quality products and achieve a competitive edge.
- EDP Biotech Corporation and Luminex Corporation signed a non-exclusive agreement in May 2019 under which the former will have the rights to develop, market, and commercialise ColoPlex, a blood-based colorectal cancer diagnostic assay that uses Luminex's xMAP Technology.
- TetraCore, Inc. presented its innovative multiplex test for orthopoxvirus (OPV) detection at the Biodefense World Summit 2019 in Maryland, United States, in June 2019.
- Maurice Empower Control Kit for the ProteinSimple-branded Maurice platform was released in August 2019 by Bio-Techne Corporation. With Waters Corporation's Empower 3 Software, customers can collect, organise, and report Maurice findings with this new kit.
By Product Type
- Biodetection Instruments
- Reagents & Media
- Accessories & Consumables
- Food & Environment
By End user
- Point of Care Testing
- Research Laboratories
- North America
- Latin America
- Asia Pacific
- Middle East and Africa (MEA)
- FAQs -
Biodetectors and accessories market is estimated to record a CAGR of 12.6% from 2022-2032.
Biodetectors and accessories market is predicted to be valued US$ 47.1 Bn by 2032.
The global biodetectors and accessories market was valued at US$ 12.7 Bn in 2021.
The United States is projected to dominate the market with a CAGR of 12.2%, during the forecast period.
China is predicted to witness the highest CAGR of 12% in the biodetectors and accessories market.