How is Growing Diabetic Population Driving Biosensors Market?

In the past few years, the demand for point-of-care testing (POCT) has risen considerably, which is further creating need for portable and integrated devices. A POCT is a test which can be performed at or near the site of patient whenever the medical care is required. The technique has become an indicator of in vitro diagnosis, which is ascribed to its rapid, simple, low cost, and portable nature . The patient can be provided with result immediately outside of a laboratory, which is why POCT is also being widely utilized in hospitals as well. POCT further aids in improving patient care through remote patient care monitoring. As biosensors have characteristics such as high efficiency, ease of automation and miniaturization, rapid, sensitive, and portable nature, their demand is increasing for POCT technology . Biosensors are basically analytical devices which convert a biological response into an electrical signal. The devices typically consist of components including transducer, analyte, electronics, bioreceptor, and display for measuring chemical or biological reactions by generating signals that are proportional to the concentration of an analyte in the reaction . The biosensors market is projected to advance at a considerable pace in the years to come.