Increasing Pollution Levels and Airborne Diseases to Boost the Biodetectors and Accessories Market Growth; 12.6% CAGR Anticipated through 2032
06 Jun 2022
AntibodyAcquisitionCollaborate
Biodetection Instruments Accounted For About 38.0 % Of The Product Category, With A CAGR Of 12.4 %. This Growth Is Due To Increasing Use Of Biodetection Devices In A Wide Range Of Applications.
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.
Fact.MR – A Market Research and Competitive Intelligence Provider: The biodetectors and accessories market is projected to reach a valuation of US$ 47.1 Bn by 2032 from US$ 14.4 Bn in 2022, rising rapidly at a CAGR of 12.6% during the forecast period.
Key players in biodetectors and accessories market rely on innovations and researchers to control illness transmission. As a result, the sales of biodetectors and accessories are rising rapidly.
Biodetectors are used to recognize antibodies in various species, from single cells to multicellular animals. The sales of biodetectors and accessories are expected to rise as they play an important role in dangerous organism biorecognition.
These benefits are expected to boost demand for biodetectors and accessories across various industries, propelling the biodetectors and accessories market share forward.
Additionally, rising demand for biodetectors and accessories for early detection of potential biothreats is expected to enhance the sales of biodetectors and accessories throughout the projection period.
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The current biodetectors and accessories market trends include microarrays, microfluidics-based biodetectors, and electrochemiluminescence-based biodetectors.
Using these latest modified biodetection systems has a number of benefits, including a better ability to identify low-level agents, faster reaction times, and multiple agent recognition. As a result of these reasons, the sales of biodetectors and accessories are expected to grow substantially throughout the forecast period.
Furthermore, worldwide, vast amounts of air pollution are increasing on a daily basis, owing to the rising prevalence of airborne diseases.
Demand for biodetectors and accessories is expected to rise as it aids in preventing bioterrorism, which involves the use of extremely dangerous chemical weapons, grows.
In 2001, anthrax was used to assault government officials in the United States. It is expected that such events will aid in the global adoption of biodetectors and accessories systems.
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Key Takeaways
During the projected period, the United States is expected to lead the biodetectors and accessories market with a CAGR of 12.2 percent through 2032.
China is expected to expand at a significant CAGR of 12.0%. Due to increased outsourcing operations and improved healthcare infrastructure, the China biodetectors and accessories market is projected to see lucrative growth prospects in the future.
With a CAGR of 12.3 percent during the projected period, the clinical segment is expected to lead the biodetectors and accessories market. DNA analysis, biomarker identification, illicit substances, toxins, and disease detection are all on the rise.
The biodetectors and accessories market is expected to be dominated by point of care testing, by end user.
Competitive Landscape
The biodetectors and accessories market is dominated by key players such as BioDetection Instruments, Inc., PositiveID Corporation, BioDetection Systems, Bertin Technologies, Response BioMedical, Corp., and BBI Detection.
The market's leading companies use a variety of strategies, including product launches, mergers and acquisitions, and contracts and collaborations. These strategies should lead to more effective and high-performing biodetectors and accessories, as well as better market laws and customer satisfaction.
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Key Segments Covered In This Report:
By Product Type
Biodetection Instruments
Reagents & Media
Accessories & Consumables
By Application
Clinical
Food & Environment
Defense
By End user
Point of Care Testing
Diagnostics
Research Laboratories
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)
Recent Developments
In August 2019, Agilent Technologies Inc. released the first multimode RTCA (real-time cell analyzer), which combines the best of non-invasive biosensor measurement technologies with live-cell imaging.
In July 2018, PositiveID used their FireflyDX tool to test the listeria bacterium in order to identify prototype pathogens prevalent in dairy products and meals. This technique will assist the business in producing higher-quality items and gaining a competitive advantage.
In May 2019, EDP Biotech Corporation and Luminex Corporation inked a non-exclusive agreement under which the former will develop, manufacture, and commercialize ColoPlex, a blood-based colorectal cancer diagnostic assay that employs Luminex's xMAP Technology.
At the Biodefense World Summit 2019 in Maryland, U.S., TetraCore, Inc. presented its breakthrough multiplex test for orthopoxvirus (OPV) detection.
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