In a recent published report, Kenneth Research has updated the market report for Bio-Electronics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Bio-Electronics Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Bioelectronics helps to create and evaluate new technologies which improve understanding of biological systems, increasing efficiency and effectiveness of the medical community. Bioelectronics uses a number of methods, ideas, and techniques, such as bio-electromagnetic, instrumentation, neural networks, robotics, and sensor technologies. This synergy between electronics and biology has resulted in a positive impact of electronic technologies to system, cell, and molecular biology. Experts expect the technologies to have far reaching effects such as vision restoration, reversing the effects of spinal cord injury, medical diagnoses without clinics, etc.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The drivers to bio-electronics industry include the overwhelming need of the healthcare industry. These include prevention of diseases such as neural degeneration, cancer, etc., detection of diseases, personalized medical diagnostics and monitoring among others. Applications such as personalized medical diagnostics and monitoring especially present near-term application opportunities. Other drivers include implantable medical devices and prosthetics, which have seen a lot of research to develop reliable and robust implantable devices. Medical imaging either requires high-resolution imaging or portable and affordable imaging systems and these can be met with innovations from the bio-electronics industry.
Capability & Market Analysis
Currently Europe is making a huge impact in the industry with most of the research and innovations coming from there followed by Asia and the United States. Industry experts estimate that United States is likely to register the highest growth in terms of contribution due to the high instances of research and investment in biomedicine and semiconductors in the country. Currently, biomedical and life sciences applications have the largest market share among applications followed by environmental monitoring and remediation applications.
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Companies profiled include
1. Bioelectronics Corporation
2. Avago
3. Honeywell International
4. Danaher Corporations
5. Omnivision Technologies
6. Sensirion
7. Medtronics
8. BodyMedia
9. Sotera Wireless
10. Siemens AG
11. Roche
12. Universal Biosensors
13. Abbott
14. Beckman Coulter
15. Life Sensors
This Research Report covers
1. Historical data
2. Revenue forecasts, growth rates and CAGR upto 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data
6. Deep profiles top competitive companies
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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