Global Biodetectors and Accessories Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Plague is a severe airborne disease with a casefatality ratio of 30 percent to 60 percent, according to the World Health Organization (WHO), with 783 cases reported globally. Furthermore, the market for biodetectors and accessories is expected to grow as environmental conditions continue to deteriorate as a result of rising pollution.

Data Bridge Market Research analyses that the biodetectors and accessories market which was USD 12.18 billion in 2021, would rocket up to USD 35.74 billion by 2029, and is expected to undergo a CAGR of 14.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

Biodetectors are analytical instruments that combine a biological component with a physicochemical detector for the detection of a chemical compound. Tissue, microbes, organelles, cell receptors, enzymes, antibodies, nucleic acids, and other biologically derived materials or biomimetic components that interact with, bind to, or recognise the analyte under study are examples of sensitive biological elements. Biological engineering can also be used to create biologically sensitive elements.

Biodetectors and Accessories Market Dynamics

Drivers

• Growing need to combat bio-terrorism

Growing need to combat bio-terrorism using dangerous chemical warfare weapons and pathogens launched by terrorist groups, the market for bio detectors and accessories is expected to increase incrementally. Furthermore, disease outbreaks such as the Zika virus and Ebola increase the clinical urgency to build biodefense systems, driving demand for bio detectors and accessories.

• Rising demand for technologically sophisticated equipment

During the forecast period, the market for biodetectors is expected to benefit from rising demand for technologically sophisticated equipment and devices for early detection of bioterrorism threats. The Covid 19 virus attack in Wuhan, China in early 2020, for example, sparked a worldwide demand for biodetectors and accessories. Furthermore, the growing threat of outbreaks of other contagious viruses such as Ebola and Zika virus is driving the need for biodefense systems, which in turn is boosting the market for biodetectors and accessories. However, certain issues such as high equipment costs and a scarcity of trained professionals are limiting the biodetectors and accessories market's growth.

• Increasing prevalence of airborne diseases

The market for biodetectors and accessories is being driven by rising instances of airborne diseases combined with exponentially rising levels of air pollution, primarily in developed countries, followed by emerging countries. According to the World Health Organization (WHO), over 7 million people died prematurely as a result of air pollution. Air pollution raises the risk of various chronic diseases, which can result in a large number of deaths in the community. Ischemic heart disease, lung cancer, and chronic obstructive pulmonary disease (COPD), among other diseases, account for the bulk of deaths as a result of the massive increase in air pollution. Furthermore, harmful substances like as arsenic and mercury are inhaled by the body, increasing the risk of cardiovascular disease, arsenicosis, cancer, chronic kidney disease, and a variety of other maladies.

Opportunities

Over the forecast period, rising demand for technologically sophisticated equipment for enhanced and early detection of biothreats is expected to drive market expansion. Microfluidics-based detectors, microarrays, and electrochemiluminescence-based bio detectors are among these breakthroughs. Low-level agent detection, enhanced reaction, and multiple agent detection are some of the potential benefits. In the near future, the aforementioned variables are expected to contribute to industry growth.

Restraints/Challenges

On the other hand, high procurement costs for these biodetector systems, as well as poor awareness of these systems in developing economies, are limiting the growth of the biodetectors and accessories market to some extent.

However, the inadequate awareness in under-developed economies and higher costs of procuring the bio detector systems might hinder the industry progression to some extent.

This biodetectors and accessories market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the biodetectors and accessories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 impact on Biodetectors and Accessories Market

With increased regulatory backing for preventive measures and clinical urgency for acquiring biodefense devices in response to the current COVID-19 issue, market demand for biodetectors and accessories has risen abruptly. The industry expanded as leading market participants began to place a greater emphasis on innovations and researchers in order to restrict the transmission of infection. For example, Smiths Detection developed BioFlash, a biological identifier capable of identifying SARS-CoV-2 virus in the air, following tests conducted by the USAMRIID, in February 2021. (United States Army Medical Research Institute of Infectious Diseases).

Global Biodetectors and Accessories Market Scope

The biodetectors and accessories market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Instruments
• Reagents and Media
• Accessories and Consumables

Applications

• Clinical
• Food and Environmental
• Defense

End-user

• Point of Care Testing
• Diagnostics
• Research Laboratories
• Others

Biodetectors and Accessories Market Regional Analysis/Insights

The biodetectors and accessories market is analysed and market size insights and trends are provided by country, product, applications and end-user as referenced above.

The countries covered in the biodetectors and accessories market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America held the largest revenue share of the overall bio detectors and accessories market due to increasing prevalence of contact diseases such as Ebola and rising government initiatives to strengthen homeland security.

Asia-Pacific region is expected to witness lucrative growth opportunities in the future due to increasing outsourcing activities and improving healthcare infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Biodetectors and Accessories Market Share Analysis

The biodetectors and accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to biodetectors and accessories market.

Some of the major players operating in the biodetectors and accessories market are:

• PositiveID Corporation (U.S)
• BioDetection Systems (Netherlands)
• Bertin Technologies (France)
• Response BioMedical (Canada)
• BBI Detection (U.S)
• Smiths Detection Group Ltd. (U.K)
• MSA (U.S)
• Agilent Technologies Inc. (U.S)
• Research International Inc. (U.S)
• Shimadzu Corporation (Japan)
• Bio Rad Laboratories Inc. (U.S)
• Thermo Fisher Scientific Inc. (U.S)
• Physical Sciences, Inc. (U.S)
• NetBio, Inc. (U.S)
• MBio Diagnostics, Inc. (U.S)

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