Switzerland Biosensors Market Growth & Trends
The Switzerland biosensors market size is estimated to reach USD 764.8 million by 2030, expanding at a CAGR of 9.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. Various applications of biosensors in medical fields, rising prevalence of diabetes, high demand for miniature diagnostic device, and rapid technological advancements are the key factors driving the growth.
Various government initiatives aimed at development of proteomics and genomics are expected to drive the market for biosensors. Most of the IT companies are also significantly investing in product development. Increasing investments by major IT players such as Infosys, TCS, and IBM are expected to boost the Switzerland biosensors market.
The players in biosensors industry are undertaking various strategies to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers. Partnerships, acquisitions, and product launches are the most prominently adopted strategies by the companies to attract more customers. In addition, increasing prevalence of type I and type II diabetes in Switzerland is expected to drive the market over the forecast period. According to the International Diabetes Federation, in 2017, around 547,654 cases of diabetes were reported in Switzerland, which is anticipated to fuel the market growth over the forecast period.
Switzerland Biosensors Market Report Highlights
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