About the Biosensor Market for Non-Clinical Applications
Biosensors were first introduced in 1962 with the development of enzyme electrodes by scientist Leland C. Clark. Since then, research communities from fields such as very large scale integration, chemistry, physics, and material science have come together to develop more reliable, sophisticated, and mature biosensors. These biosensors found their applications in the field of medicine, biotechnology, agriculture, as well as military and bioterrorism detection and prevention. A major application of these devices is in blood glucose sensing because of the high market potential of glucose monitors. Biosensors have also shown a huge potential for commercialization in other fields of application such as biosensor-based instruments in environmental sampling and food and beverage production as well as in non-invasive instruments for clinical analysis.
Technavio’s analysts forecast the global biosensor market for non-clinical applications to grow at a CAGR of 11.58% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global biosensor market for non-clinical applications for 2016-2020. To calculate the market size, Technavio considers the sale of biosensors for non-clinical applications. For healthcare applications, we have only considered revenue generated from the sale of biosensor-integrated fitness trackers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Farm Management Software Market 2016-2020
Technavio recognizes the following companies as the key players in the global farm management software market: Agrimap, Agrimaster, Agrinavia, Agrivi, Agroptima, N.S.T. New Science Technologies, Granular, and iAgri.
Other Prominent Vendors in the market are: AgCloud, Agri-Data, Farm Works, FarmLogs, TapLogic, and WMS (Wine Management Systems).
Commenting on the report, an analyst from Technavio’s team said: “A trend which is helping to boost market growth is the increased use of UAVs. Farm management software requires accurate information about agricultural land to optimize land management. Therefore, UAVs are increasingly used in the initial stages of agriculture projects for field management. UAVs acquire data using remote sensors and produce thermal, lidar, and multispectral imaging. Also, they are eco-friendly and do not pollute the atmosphere as they use solar or electric power. Many companies offer UAVs for efficient farming.”
According to the report, a key growth driver is the increased IPR in agriculture. Ancient methods of agriculture are incapable of handling the increased demand for food. Hence, innovation in the agriculture industry is required to invent more efficient and productive ways of farming to balance the demand and supply. However, the R&D in agriculture is a highly extensive business, predominantly managed by private funding. Unlike processes funded by the public, private institutions impede the process of innovation when the system does not generate revenue as expected. Revenues have direct impact on these institutions and investors. Hence, if the rights and interests of these institutions are not safeguarded, it can have an adverse effect on the R&D process.
Further, the report states that one challenge that could hamper market growth is data management.
Agrimap, Agrimaster, Agrinavia, Agrivi, Agroptima, N.S.T. New Science Technologies, Granular, iAgri, AgCloud, Agri-Data, Farm Works, FarmLogs, TapLogic, WMS (Wine Management Systems).
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