Global Chemical Sensors market to grow at a CAGR of 11.35% during 2015
Chemical sensors transfer chemical signals to electrical signals through transducers incorporated in a sensitive layer. They help to analyze the chemical composition of a sample, which is either in a liquid or gaseous form. Chemical sensors consist of a receptor and a transducer, which are controlled by kinetics and thermodynamic chemical reactions and operate in real time. Chemical sensors find their usage in various applications such as Automotive, Medical, Industrial, and Environmental sectors.
Chemical sensors are essential for analyzing the chemical composition of a sample in industries ranging from automotive to medical, industrial and environmental. The sensors consist of a receptor and transducer that operate on a real-time basis and are controlled by kinetics and thermodynamic chemical reactions.
Demand for quick, accurate diagnosis in the medical sector is expected to be a developing trend in the market over the next four years.
“Chemical sensors help record patient data, and are being used in blood sugar testing strips, portable glucose monitors, renal failure diagnosis, drug and alcohol abuse diagnosis, cancer diagnosis, and fertility treatments,”.
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Covered in this Report
The Global Chemical Sensors market can be segmented based on type into five divisions: Electrochemical, Biochemical, Optical, Electrical and Electromechanical, and Others.
Global Chemical Sensors Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Chemical Sensors market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Emerging developments in technology are also expected to increase the market penetration of chemical sensors and provide better solutions in end-user industries. Manufacturers are introducing new cost-effective, portable and miniaturized variations of sensors that provide better integration with measurement systems.
“The market is highly fragmented with the presence of several large vendors like Abbott Laboratories, Bayer, Bosch, Johnson & Johnson, NGK and Roche, which have vast geographical presences with huge production facilities worldwide,”.