Product Code: GVR-4-68040-263-9
Electrochemical Sensors Market Growth & Trends:
The global electrochemical sensors market size is expected to reach USD 18.4 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030, based on a new report by Grand View Research, Inc. The market growth can be attributed to the increasing applications of electrochemical sensors in various industries such as environmental monitoring, healthcare, and food & beverage. Moreover, the rising demand for portable and wearable devices, along with advancements in sensor technology, is fueling market expansion.
Rising prevalence of diabetes across the globe is anticipated to boost the market growth. Antimicrobial resistance, adoption of unhealthy & sedentary lifestyle, alcohol consumption, and smoking are some of the major factors contributing to the rise in prevalence of diabetes. The CDC's 2022 National Diabetes Statistics Report estimated that over 130 million U.S. individuals were suffering from diabetes or prediabetes. Due to maintaining sugar-rich diets and a lack of exercise, diabetes has reached epidemic levels in the U.S. By 2050, one in three U.S. individuals is expected to have diabetes if the current disease incidence persists.
Electrochemical sensors can measure factors such as nutrient levels (e.g., nitrates, phosphates), pH, and moisture content in soil, allowing for targeted application of fertilizers and irrigation. This reduces waste and environmental impact and improves crop yield and quality. In addition, they can detect the presence of disease markers or specific plant metabolites, enabling early intervention and improved pest management strategies. With the growing need for sustainable and efficient agricultural practices, electrochemical sensors are poised to play a vital role, propelling their market growth in the agricultural sector.
Electrochemical Sensors Market Report Highlights:
- By application, the healthcare segment dominated the global electrochemical sensor market in 2023 with a revenue share of 97.1%. The segment growth can be attributed to the extensive use of these sensors in medical diagnostics, patient monitoring, and therapeutic applications.
- In 2023, North America held the largest revenue share of 40.4% in 2023. This can be attributed to the strong presence of key market players and research institutions in the region, which is driving innovation in sensor technology. Moreover, stringent regulations regarding environmental monitoring and safety standards in industries are contributing to the high demand for electrochemical sensors.
- Asia Pacific is projected to register the fastest CAGR of 9.8% during the forecast period. Key factors driving the market growth are presence of a significant target population, an increasing number of government initiatives, and the rising incidence of food allergies.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Application
- 1.2.2. Regional scope
- 1.2.3. Estimates and forecast timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity price analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Global Electrochemical Sensors Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Electrochemical Sensors Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
Chapter 4. Global Electrochemical Sensors Market: Application Estimates & Trend Analysis
- 4.1. Electrochemical Sensors Market: Application Dashboard
- 4.2. Electrochemical Sensors Market: Application Movement Analysis
- 4.3. Electrochemical Sensors Market Size & Forecasts and Trend Analysis, 2018 to 2030
- 4.3.1. Healthcare
- 4.3.1.1. Market estimates and forecast 2018 to 2030 (USD Billion)
- 4.3.2. Agriculture
- 4.3.2.1. Market estimates and forecast 2018 to 2030 (USD Billion)
- 4.3.3. Food & Beverage
- 4.3.3.1. Market estimates and forecast 2018 to 2030 (USD Billion)
- 4.3.4. Veterinary
- 4.3.4.1. Market estimates and forecast 2018 to 2030 (USD Billion)
Chapter 5. Regional Estimates & Trend Analysis by Application
- 5.1. Global Electrochemical Sensors Market: Regional Dashboard
- 5.2. Global Electrochemical Sensors Market: Regional Movement Analysis
- 5.3. Global Electrochemical Sensors Market Size & Forecasts and Trend Analysis, by Application, 2018 to 2030
- 5.4. North America
- 5.4.1. U.S.
- 5.4.1.1. Key country dynamics
- 5.4.1.2. Regulatory framework/ reimbursement structure
- 5.4.1.3. Competitive scenario
- 5.4.1.4. U.S. market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.4.2. Canada
- 5.4.2.1. Key country dynamics
- 5.4.2.2. Regulatory framework/ reimbursement structure
- 5.4.2.3. Competitive scenario
- 5.4.2.4. Canada market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5. Europe
- 5.5.1. UK
- 5.5.1.1. Key country dynamics
- 5.5.1.2. Regulatory framework/ reimbursement structure
- 5.5.1.3. Competitive scenario
- 5.5.1.4. UK market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.2. Germany
- 5.5.2.1. Key country dynamics
- 5.5.2.2. Regulatory framework/ reimbursement structure
- 5.5.2.3. Competitive scenario
- 5.5.2.4. Germany market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.3. France
- 5.5.3.1. Key country dynamics
- 5.5.3.2. Regulatory framework/ reimbursement structure
- 5.5.3.3. Competitive scenario
- 5.5.3.4. France market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.4. Italy
- 5.5.4.1. Key country dynamics
- 5.5.4.2. Regulatory framework/ reimbursement structure
- 5.5.4.3. Competitive scenario
- 5.5.4.4. Italy market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.5. Spain
- 5.5.5.1. Key country dynamics
- 5.5.5.2. Regulatory framework/ reimbursement structure
- 5.5.5.3. Competitive scenario
- 5.5.5.4. Spain market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.6. Sweden
- 5.5.6.1. Key country dynamics
- 5.5.6.2. Regulatory framework/ reimbursement structure
- 5.5.6.3. Competitive scenario
- 5.5.6.4. Sweden market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.7. Norway
- 5.5.7.1. Key country dynamics
- 5.5.7.2. Regulatory framework/ reimbursement structure
- 5.5.7.3. Competitive scenario
- 5.5.7.4. Norway market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.5.8. Denmark
- 5.5.8.1. Key country dynamics
- 5.5.8.2. Regulatory framework/ reimbursement structure
- 5.5.8.3. Competitive scenario
- 5.5.8.4. Denmark market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6. Asia Pacific
- 5.6.1. China
- 5.6.1.1. Key country dynamics
- 5.6.1.2. Regulatory framework/ reimbursement structure
- 5.6.1.3. Competitive scenario
- 5.6.1.4. China market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6.2. Japan
- 5.6.2.1. Key country dynamics
- 5.6.2.2. Regulatory framework/ reimbursement structure
- 5.6.2.3. Competitive scenario
- 5.6.2.4. Japan market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6.3. India
- 5.6.3.1. Key country dynamics
- 5.6.3.2. Regulatory framework/ reimbursement structure
- 5.6.3.3. Competitive scenario
- 5.6.3.4. India market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6.4. Australia
- 5.6.4.1. Key country dynamics
- 5.6.4.2. Regulatory framework/ reimbursement structure
- 5.6.4.3. Competitive scenario
- 5.6.4.4. Australia market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6.5. Thailand
- 5.6.5.1. Key country dynamics
- 5.6.5.2. Regulatory framework/ reimbursement structure
- 5.6.5.3. Competitive scenario
- 5.6.5.4. Thailand market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.6.6. South Korea
- 5.6.6.1. Key country dynamics
- 5.6.6.2. Regulatory framework/ reimbursement structure
- 5.6.6.3. Competitive scenario
- 5.6.6.4. South Korea market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.7. Latin America
- 5.7.1. Brazil
- 5.7.1.1. Key country dynamics
- 5.7.1.2. Regulatory framework/ reimbursement structure
- 5.7.1.3. Competitive scenario
- 5.7.1.4. Brazil market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.7.2. Mexico
- 5.7.2.1. Key country dynamics
- 5.7.2.2. Regulatory framework/ reimbursement structure
- 5.7.2.3. Competitive scenario
- 5.7.2.4. Mexico market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.7.3. Argentina
- 5.7.3.1. Key country dynamics
- 5.7.3.2. Regulatory framework/ reimbursement structure
- 5.7.3.3. Competitive scenario
- 5.7.3.4. Argentina market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.8. MEA
- 5.8.1. Saudi Arabia
- 5.8.1.1. Key country dynamics
- 5.8.1.2. Regulatory framework/ reimbursement structure
- 5.8.1.3. Competitive scenario
- 5.8.1.4. Saudi Arabia market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.8.2. South Africa
- 5.8.2.1. Key country dynamics
- 5.8.2.2. Regulatory framework/ reimbursement structure
- 5.8.2.3. Competitive scenario
- 5.8.2.4. South Africa market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.8.3. UAE
- 5.8.3.1. Key country dynamics
- 5.8.3.2. Regulatory framework/ reimbursement structure
- 5.8.3.3. Competitive scenario
- 5.8.3.4. UAE market estimates and forecast, 2018 - 2030 (USD Billion)
- 5.8.4. Kuwait
- 5.8.4.1. Key country dynamics
- 5.8.4.2. Regulatory framework/ reimbursement structure
- 5.8.4.3. Competitive scenario
- 5.8.4.4. Kuwait market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 6. Competitive Landscape
- 6.1. Recent Developments & Impact Analysis, By Key Manufacturers
- 6.2. Company/Competition Categorization
- 6.2.1. Heat Map Analysis
- 6.2.2. Key company market share analysis, 2023
- 6.2.3. Thermo Fisher Scientific, Inc.
- 6.2.3.1. Company overview
- 6.2.3.2. Financial performance
- 6.2.3.3. Application benchmarking
- 6.2.3.4. Strategic initiatives
- 6.2.4. Conductive Technologies Inc.
- 6.2.4.1. Company overview
- 6.2.4.2. Financial performance
- 6.2.4.3. Application benchmarking
- 6.2.4.4. Strategic initiatives
- 6.2.5. Ametek Inc.
- 6.2.5.1. Company overview
- 6.2.5.2. Financial performance
- 6.2.5.3. Application benchmarking
- 6.2.5.4. Strategic initiatives
- 6.2.6. Abbott
- 6.2.6.1. Company overview
- 6.2.6.2. Financial performance
- 6.2.6.3. Application benchmarking
- 6.2.6.4. Strategic initiatives
- 6.2.7. F. Hoffmann-La Roche AG
- 6.2.7.1. Company overview
- 6.2.7.2. Financial performance
- 6.2.7.3. Application benchmarking
- 6.2.7.4. Strategic initiatives
- 6.2.8. Ascensia Diabetes Care
- 6.2.8.1. Company overview
- 6.2.8.2. Financial performance
- 6.2.8.3. Application benchmarking
- 6.2.8.4. Strategic initiatives
- 6.2.9. Siemens Healthineers
- 6.2.9.1. Company overview
- 6.2.9.2. Financial performance
- 6.2.9.3. Application benchmarking
- 6.2.9.4. Strategic initiatives
- 6.2.10. Zimmer & Peacock AS
- 6.2.10.1. Company overview
- 6.2.10.2. Financial performance
- 6.2.10.3. Application benchmarking
- 6.2.10.4. Strategic initiatives
- 6.2.11. Metrohm AG
- 6.2.11.1. Company overview
- 6.2.11.2. Financial performance
- 6.2.11.3. Application benchmarking
- 6.2.11.4. Strategic initiatives
- 6.2.12. Shandong Renke Control Technology Co., Ltd
- 6.2.12.1. Company overview
- 6.2.12.2. Financial performance
- 6.2.12.3. Application benchmarking
- 6.2.12.4. Strategic initiatives