Nano-Biosensors Market Size (2024 - 2030)

In 2023, the Global Nano-Biosensors Market was evaluated to be worth USD 13.6 Billion and is projected to reach a value of USD 23.15 Billion by the end of 2030, growing at a fast CAGR of 7.9% during the forecast period 2024-2030.

Innovative nanobiotechnology-based sensors, known as nano biosensors, are sensitive, well-made, non-invasive devices. Nano biosensors produce quick, easy-to-collect response signals that may be evaluated. The nano biosensors use a variety of nanomaterials, such as nanowires, nanoparticles, nanocrystals, and nanocomposites. Nano biosensors can be used for a variety of purposes, such as assessing an ecosystem's availability of natural resources like healthy soil and accessible groundwater. Local soil conditions can be monitored and managed by farmers with the aid of this light, portable equipment for the agricultural industry. Nano biosensors have been used to investigate soil fertility, pH, moisture content, mineral concentrations, and insect identification before diseases started to manifest. Nano biosensors are cutting-edge nanobiotechnology-based devices that are sensitive, well-designed, and non-invasive. Real-time reaction signals produced by nano biosensors are simple to gather and examine. The nano biosensors use a variety of nanomaterials, including nanotubes, nanowires, nanoparticles, nanocrystals, and nanocomposites. Determining if an ecosystem has enough natural resources, such as healthy soil and accessible groundwater, is one use for nano biosensors. Farmers can monitor and control the regional soil conditions with the use of this lightweight, portable equipment for the agricultural industry. Nano biosensors have been used to analyze soil fertility, pH, moisture content, mineral concentrations, and pest identification before the onset of illnesses.

Global Nano-Biosensors Market Drivers:

Development And Applications of Nano Biosensors for Sustainable Agricultural and Food Industries are boosting market growth:

More than 8.5 billion people are expected to live on the planet by the year 2050, and this population growth will continue exponentially until it reaches 9.8 billion people, creating difficulties for the provision of food and natural resources. Other key problems include reduced land area, a scarcity of food and crops, competition for natural resources, and an emphasis on boosting crop output in harsh environmental conditions. Additionally, the contamination of food with bacteria during storage and processing is another problem that is raising concerns across the globe. It is critically important to develop new sustainable methods and practices to maximize the effectiveness of natural resources.

Increasing Prevalence in Monitoring of the Environment Drives Market Growth:

Environmental monitoring is a global issue because of the tight connection between environmental contamination and human health. To identify and track pollution concentrations in natural water bodies, a variety of analytical strategies and procedures have been developed. Real-time measurements of contaminants in the field are the most current trend in contemporary analysis. To this end, biosensors have been deployed as quick and inexpensive analytical procedures. The most versatile and easily transportable biosensors are those that measure impedance. These sensors work by applying a low-amplitude alternating current voltage to the sensor electrode and measuring the in-/out-of-phase current response as a function of frequency. The in-/out-of-phase current response is then combined with a biorecognition component on the sensing electrodes that can bind to the target, changing the sensor's electrical parameters.

Global Nano-Biosensors Market Challenges:

Nano-biosensor development includes intricate technologies and procedures, necessitating intensive research and development efforts. The expensive cost of developing, manufacturing, and commercializing nano-biosensors can make it difficult to expand the market, especially for smaller businesses with fewer resources. Since the regulatory landscape for nano-biosensors is still developing, it can be difficult to acquire the required licenses and certifications. Regulations about safety, efficacy, and quality standards compliance can have a substantial impact on time-to-market and raise development costs. For nano-biosensors to be widely used, standardized protocols must be established and compatibility must be guaranteed between various platforms and devices. Lack of standardization might limit the scalability and compatibility of nano-biosensors in healthcare systems and other applications, preventing seamless integration and data interchange.

Global Nano-Biosensors Market Opportunities:

Nano-biosensors provide improved capabilities for the quick and accurate detection of infections, disease-related chemicals, and biomarkers. There are several potentials for nano-biosensors in the healthcare diagnostics market due to the rising demand for point-of-care testing, tailored treatment, and early disease detection. Sensors that may be worn or implanted to continuously monitor one's health are becoming more and more popular. To deliver real-time health monitoring and individualized healthcare insights, nano-biosensors have the potential to be incorporated into wearable gadgets like smartwatches, fitness trackers, and patches. Precision farming can greatly benefit from the real-time monitoring of soil quality, nutrient levels, water content, and insect detection that nano-biosensors can provide. The growing adoption of precision agriculture techniques presents prospects for nano-biosensors to enhance sustainability, boost crop yields, and optimize resource management.

COVID-19 Impact on Global Nano-Biosensors Market:

Over the coming years, the COVID-19 epidemic will have a significant influence on global industrial spending since many companies that governments around the world have designated as non-essential are currently dormant and experiencing severe losses. This will affect their tech spending through the end of 2021. To lessen the financial impact of the pandemic and other potential economic crises, COVID-19 is also urging diverse manufacturers to rely more heavily on automation and digitalization for long-term operations. The COVID-19 epidemic is anticipated to have a fleeting impact before dissipating. However, COVID-19 gives companies the ability to make much-needed operational enhancements with a focus on advancing networking technology in light of the present epidemic.

Global Nano-Biosensors Market Recent Developments:

In September 2022, to better understand the relationship between players' glucose levels and their athletic performance, Abbott developed the Libre Sense Glucose Sport Biosensor, a glucose sport biosensor that is intended for continuous glucose measurement. This is the first personal-use product based on that technology that can be used for purposes other than diabetes.

• In March 2022, Researchers from Wageningen University and the University of Twente created a nanosensor that can precisely identify cancer biomarkers in concentrations ranging from 10 to 1 million particles per microliter.
• In August 2021, The Saliva Glucose Biosensor was introduced by the iQ Group Global. One of the world's few non-invasive, saliva-based glucose tests for diabetes management that monitors glucose in saliva rather than blood is this cutting-edge device.

NANO-BIOSENSORS MARKET REPORT COVERAGE:

Global Nano-Biosensors Market Segmentation: By Type

• Electrochemical Biosensors

• Optical Biosensors

• Piezoelectric Biosensors

• Thermal Biosensors

The current generated by an electrochemical reaction between the analyte and the electrode surface is measured by these biosensors. These biosensors gauge the potential difference brought about by the ion exchange or redox reaction brought about by the analyte. The biosensors use surface plasmon resonance to find variations in the refractive index brought on by analyte binding. Fluorescence characteristics of molecules are used by biosensors to identify and measure analytes. These biosensors assess variations in resonance frequency brought on by the binding of analytes using a piezoelectric crystal. Surface acoustic waves are employed by biosensors to identify modifications in wave propagation brought on by analyte contact. Biosensors track the temperature variations brought on by biochemical interactions between the analyte and the sensing component. Thermistors are used by these biosensors to track temperature changes brought on by analyte interactions.

Global Nano-Biosensors Market Segmentation: By Application

• Medical and Healthcare

• Food and Agriculture

• Environmental Monitoring

• Industrial Process Control

• Defense and Security

Diabetes, cancer, cardiovascular disorders, infectious diseases, and other diseases can all be detected and diagnosed early by using nano-biosensors. To ensure consumer safety, nano-biosensors are used to identify and quantify pollutants, pathogens, pesticides, and other dangerous compounds in food products. The detection and measurement of air pollutants such as particulate matter, gases, and volatile organic compounds (VOCs) via nano-biosensors can help with environmental monitoring and evaluation of the public's health. Pharmaceutical, biotechnology, and manufacturing sectors employ nano-biosensors to monitor and regulate product quality, find contaminants, and maintain uniformity. In military and security applications, nano-biosensors are essential for identifying biological agents, diseases, and poisons, strengthening biosecurity measures.

Europe Global Nano-Biosensors Market Segmentation: By Product Type

• Wearables

• Non-wearables

The wearable segment accounts for the highest share of the global nano biosensors market. They have sparked considerable interest due to their remarkable potential to transform traditional medical diagnostic methods and rapid health monitoring concepts. Their ease and efficient use can provide a new level of guidance and exposure to a patient's current health status which leads to better health outcomes.

Global Nano-Biosensors Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East and Africa

• Latin America

Due to the growing use of smart connected devices, the industrial Internet of things, and flexible networks, the North American area now has the largest share of the global market for nano biosensors. The adoption of Nano Biosensors will be made easier by the ongoing increase in demand for IoT sensors and connected devices. The market for Nano Biosensors is being driven by the rising use of cloud and mobile technologies. The need for Nano Biosensors in South America will rise as smart linked devices and the Industrial Internet of Things become more widely used. However, Europe is the second-largest market for Nano Biosensors as a result of the rapid expansion of the network infrastructure. The application of industrial IoT solutions will aid market progress in the region. Due to its vast population base and the rising prevalence of numerous lifestyle disorders, the Asia Pacific region now has a significant share of the global market for nano biosensors. China's healthcare sector has increasingly been more open to foreign investment, both through the inclusion of items to the National Encouraged List and the removal of things from the National Negative List. This shows that China is now promoting healthcare investments and providing chances for international companies to have access to favorable tax and policy frameworks. In the future, the market for biosensors is anticipated to benefit from several opportunities brought about by such legislation.

Global Nano-Biosensors Market Key Players:

1. Abbott Laboratories

2. Bio-Rad Laboratories, Inc.

3. Bruker Corporation

4. Danaher Corporation

5. GE Healthcare

6. Johnson & Johnson

7. Medtronic plc

8. NanoBioSys Inc.

9. PerkinElmer, Inc.

10. QIAGEN N.V.